Services
Our firm is capable of providing many different services to local government
entities, as well as to current, and former, employees of those local governments.
Listed below are the major services provided to our clients.
As the list below is by no means all-inclusive, contact us to inquire about a service
if you do not see it listed. If it is not a service we provide, we would be more than
happy to refer you to a qualified professional.
Audit Services
Bookkeeping/Write-Up
Pension Benefits Administration Services
Professional Services Administrator
Fiscal Year-End Activities
CPA Firm Peer Review Services
Other Miscellaneous Services
Audit Services
Bookkeeping/Write-Up
Pension Benefits Administration Services
Professional Services Administrator
Fiscal Year-End Activities
Other Miscellaneous Services
Our firm is capable of providing many different services to local government
entities, as well as to current, and former, employees of those local governments.
Listed below are the major services provided to our clients.
As the list below is by no means all-inclusive, contact us to inquire about a service
if you do not see it listed. If it is not a service we provide, we would be more than
happy to refer you to a qualified professional.
Audit Services
Bookkeeping/Write-Up
Pension Benefits Administration Services
Professional Services Administrator
Fiscal Year-End Activities
CPA Firm Peer Review Services
Other Miscellaneous Services
Audit Services
- Issue an opinion on the governmental activities, business-type activities,
each major fund and the aggregate remaining fund information, which
collectively comprise the governments basic financial statements - Perform an audit in accordance with generally accepted auditing standards;
and if necessary, the standards for financial audits contained in Government
Auditing Standards (2004), issued by the Comptroller General of the United
States, and the Single Audit Act of 1996; and the provisions of OMB Circular
A-133, Audits of States and Local Governments and Non-profit Organizations - If requested, assist in the implementation of authoritative pronouncement
requirements, assistance in obtaining or securing the Certificate of
Achievement from the GFOA - Preparation of (Comprehensive) Annual Financial Reports in accordance
with generally accepted accounting principles for government entities - Preparation of a Management Letter which is utilized to recommend
improvement of accounting practices and procedures and the internal
accounting and administrative controls
Bookkeeping/Write-Up
- Posting cash receipts and disbursements journal entries
- Monthly reconciliation of all bank accounts
- Accounting for investment transactions including amortization of discount and
premium - Posting the general ledger
- Recording of vendor and benefit checks
- Maintenance of contributions by member
- Maintenance of vendor and benefit payment history
- Preparation of monthly financial statements
Pension Benefits Administration Services
- Benefit calculations (review existing calculations, prepare calculations for
new pensioners) - Remit payroll via direct deposit or physical check
- Remit vendor payments
- Process contribution refunds
- Process QILDRO’s
- Calculate creditable service transfers (portability) and combinations
(reciprocity) - Determination of taxability of benefits
- IRS reporting (remit monthly tax payments; generate and file 1099R,
1099MISC, 1096 and 945 forms) - Sample Forms
Professional Services Administrator
- Preparing & Maintaining a Pension Board Trustee Binder for Each Trustee
(Sample Available for Review) - Board Meeting Attendance, Minutes
- Maintaining Files for Active Members of the Pension Fund
- Preparing an Annual Member Information Sheet for All Active Fund Members
- Preparing the Annual Pension Fund Calendar
- Assistance with House Bill 5088 Compliance • Assistance with Pension
Board Elections - Annual Affidavits for Eligibility of Pension Benefits
- Other Services As May Be Requested by the Board
Fiscal Year-End Activities
- Annual audit oversight and preparation of the Annual Financial Report (if
requested) - Preparation of year-end work papers for the Pension Fund’s auditors
- Preparation and filing of the Illinois Division of Insurance Annual Report
- Analysis and review of investment fees and charges
- Assistance with compliance audits conducted by the Department of Insurance
- Review of actuarial reports and tracking of municipal contributions
Other Miscellaneous Services
- Taxpayer compliance involving specialized audits for selected revenue
sources - Analysis, forecasting, rate structure, and consulting for Utility and Enterprise
Funds - Audits for Federal, State, and Local Grants
- Assistance in preparation of annual budgets, appropriation, and tax levy
documents - Assistance in performing personnel evaluations and executive searches
- Constructing and implementing policies and procedures documentation
- Temporary staffing and training
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Lauterbach & Amen, LLP
All rights reserved.
27W457 Warrenville Road
Warrenville, IL 60555
Phone: (630) 393-1483 Fax: (630) 393-2516
office@lauterbachamen.com
Warrenville, IL 60555
Phone: (630) 393-1483 Fax: (630) 393-2516
office@lauterbachamen.com