Latest news with #ACFRs
Business Wire
26-06-2025
- Business
- Business Wire
Euna Solutions to Showcase Product Innovations and Host Customer Engagement Events at 2025 GFOA Conference
ATLANTA & TORONTO--(BUSINESS WIRE)--Euna Solutions: WHAT: Euna Solutions®, a leading provider of purpose-built, cloud-based solutions for the public sector, will participate in the Government Finance Officers Association (GFOA) 119th Annual Conference, the premier educational and networking event for government finance officers in North America, from June 29 to July 2, 2025. The conference will be held at the Walter E. Washington Convention Center in Washington, D.C. Euna will be located at Booth #613. Product Launches At the conference, Euna Solutions will launch multiple new offerings, including: Euna Budget now makes it easy to create fully digital, easy-to-share, GFOA award-winning Annual Comprehensive Financial Reports (ACFRs). With these capabilities, finance teams can meet today's expectations for accessibility, compliance, and transparency. Built-in advanced reporting tools take the complexity out of building the detailed financial statements required for ACFRs, making it more efficient than ever to produce a high-quality report. And by moving to a digital format, agencies are better positioned to stay ahead of evolving federal reporting standards and best practices. Euna Payments launches a new user fee model within its Cashiering offering that empowers agencies to recoup card processing costs on transactions. This enhancement builds on Euna Payments' existing support for user fee models already available for Kiosks and Online Payments. The user fee models allow governments to offset rising operational costs without increasing taxes or reducing critical services, providing a responsible, compliant path to safeguard vital public services amid growing financial pressures. Euna Supplier Network (ESN) is a new addition to the Eunas' portfolio of purpose-built SaaS solutions, directly connecting to Euna Procurement to offer a free-to-use solution that helps businesses grow their public sector sales by discovering and bidding on government contract opportunities across the U.S. and Canada. With ESN comes the launch of Euna's Competition Commitment, a bold pledge within the Euna Procurement solution that reinforces Euna's dedication to keeping supplier access free. By maintaining free access, Euna Procurement enables broader supplier participation, helping agencies foster greater competition and achieve better outcomes. These innovations demonstrate Euna's commitment to expanding its portfolio of solutions to meet the evolving needs of public sector agencies. Product Demonstrations The company will present live product demonstrations of its purpose-built Financial Suite, including Euna Budget, Euna Grants, Euna Payments, and Euna Procurement illustrating how these technologies streamline public finance operations to enhance efficiency and community outcomes. Additional Activities Euna's exhibit space at Booth 613 will feature a range of interactive activities, including an in-booth happy hour, branded giveaways such as stickers, can koozies, and 'Where We Met' bags. Customers who visit the booth will also receive a discount code to register for Eunaverse 2025, Euna's customer conference. Complementing on-site activities, Euna is hosting a customer and prospect happy hour at Flight Club on Sunday, June 29. This informal meet-and-greet provides an opportunity for public finance professionals to network with Euna representatives in a relaxed atmosphere. WHO: Multiple members of Euna's senior leadership team will attend the conference, including CEO Tom Amburgey, Chief Product Officer Mykola Konrad, Chief Sales Officer Jas Saraw, and Chief Marketing Officer Jenn Edwards. They will be on hand throughout the event for meetings, product demos, and conversations around public sector technology innovation. WHEN & WHERE: Sunday, June 29 to Wednesday, July 2, 2025 Walter E. Washington Convention Center Booth #613 801 Mount Vernon Place NW, Washington, DC 20001 About Euna Solutions Euna Solutions® is a leading provider of purpose-built, cloud-based software that helps public sector and government organizations streamline budgeting, payments, grants management, procurement, and special education administration. Designed to enhance efficiency, collaboration, and compliance, Euna Solutions supports more than 3,400 organizations across North America in building trust, enabling transparency, and driving community impact. Recognized on Government Technology's GovTech 100 list, Euna Solutions is committed to advancing public sector progress through innovative SaaS solutions. To learn more, visit
Business Wire
25-06-2025
- Business
- Business Wire
Euna Solutions Helps Governments Create Accessible, Award-Ready Digital ACFRs
ATLANTA & TORONTO--(BUSINESS WIRE)-- Euna Solutions ®, a leading provider of purpose-built SaaS solutions for the public sector, now enables governments to create digital ACFRs using its advanced reporting capabilities within Euna Budget. This new capability will be unveiled at the upcoming Government Finance Officers Association (GFOA) 2025 Annual Conference. Live demonstrations will take place at Booth #621, where Euna will showcase how agencies can streamline the production of accessible, GFOA award-aligned financial reports with integrated data and flexible reporting tools. 'Public sector finance teams are being asked to deliver clearer, more accessible annual reports while managing growing complexity,' said Tom Amburgey, CEO of Euna Solutions. 'Our financial reporting capabilities help agencies simplify reporting..." Share 'Public sector finance teams are being asked to deliver clearer, more accessible annual reports while managing growing complexity,' said Tom Amburgey, CEO of Euna Solutions. 'Our financial reporting capabilities help agencies simplify reporting, improve transparency, and deliver award-ready reports without adding technical burdens or resource strain.' Euna's publishing and reporting capabilities simplify the creation of a digital ACFR and empower finance teams to meet today's priorities for accessibility, accuracy, and transparency — while also helping agencies stay positioned for evolving federal reporting standards such as the Financial Data Transparency Act (FDTA). Offered to both new and existing customers, the new feature is designed for local governments, utilities, and special districts seeking to modernize their financial reporting processes. Key capabilities include: Compliance confidence: Produce reports that meet GFOA award requirements and align with GASB standards using built-in templates and smart checklists. Inclusive by design: Ensure full accessibility with ADA, ACA, and WCAG-compliant output. Data-driven accuracy: Leverage up-to-date data from Euna Budget to ensure consistency, improve accuracy, and eliminate redundant data entry. Flexible reporting: Create financial statements using advanced reporting functionality that supports custom layouts and dynamic formatting, and reduces manual edits to streamline report creation. Version mastery: Simplify ongoing updates and publishing by eliminating version control issues and enabling teams to easily republish corrected or updated reports. Full visibility: Present financial data in a clear, easy-to-navigate digital format that enhances transparency for stakeholders, auditors, funders, and the public. The solution integrates seamlessly into Euna Budget and is part of OpenBook, Euna's transparency solution. It extends the company's broader financial transparency and reporting capabilities, allowing agencies to share digital-first ACFRs while retaining the option to export and print for formal submissions or internal documentation. While the federal Financial Data Transparency Act (FDTA) continues to evolve, these digital ACFR capabilities are designed with future standards in mind, helping agencies stay aligned with evolving federal requirements while focusing on today's immediate priorities for accessibility, accuracy, and transparency. 'This solution meets agencies where they are today and helps position them for what's ahead,' added Amburgey. "Finance teams can focus on delivering clear, transparent financial information to their communities to ultimately increase public trust and reinforce the value of taxpayer dollars." To learn more about Euna Budget's ACFR capability, visit the Euna Solutions booth at GFOA 2025 Booth #621 for a live demo or visit About Euna Solutions Euna Solutions ® is a leading provider of purpose-built, cloud-based software that helps public sector and government organizations streamline procurement, budgeting, payments, grants management, and special education administration. Designed to enhance efficiency, collaboration, and compliance, Euna Solutions supports more than 3,400 organizations across North America in building trust, enabling transparency, and driving community impact. Recognized on Government Technology's GovTech 100 list, Euna Solutions is committed to advancing public sector progress through innovative SaaS solutions. To learn more, visit
Business Wire
17-06-2025
- Business
- Business Wire
Strada Unveils Automated ACFR App to Transform Public Sector Financial Reporting
MIAMI--(BUSINESS WIRE)--Strada, the leading provider of end-to-end payroll, human capital, and financial management solutions, proudly announces its new Workday Marketplace app, Automated Annual Comprehensive Financial Report (ACFR). Scheduled for release on the Workday Marketplace in late summer 2025 and purpose-built for U.S. state and local governments, the app can replace time-consuming reporting with intelligent automation to enhance the speed, accuracy, and consistency of ACFR preparation. With increasing scrutiny on public sector finances, timely and accurate reporting is more important than ever. This new app will empower finance leaders to deliver ACFRs with less manual work, fewer errors, and more confidence in compliance. Share Preparing an ACFR is a legal requirement for most U.S. government entities and a cornerstone of transparency and compliance with Governmental Accounting Standards Board (GASB) regulations. Yet for many public sector entities, the process remains highly manual, error-prone, and reliant on outdated systems. Strada's Automated ACFR will address these challenges directly by connecting to Workday Adaptive Planning, which will help customers automate data extraction, formatting, and version control. The app will allow customers to compile all required ACFR content, from financial statements and narrative disclosures to trend data and statistical tables, dramatically reducing manual effort while improving accuracy, consistency, and auditability. Finance teams using the Automated ACFR app will expect to see, on average: 80% reduction in the time required to produce an ACFR 50% reduction in manual effort needed to compile the report Estimated annual savings of $110,000 to $160,000 ' With increasing scrutiny on public sector finances, timely and accurate reporting is more important than ever,' said Steven Porter, Head of Public Sector Sales at Strada. ' This new app will empower finance leaders to deliver ACFRs with less manual work, fewer errors, and more confidence in compliance.' Automated ACFR will be generally available by the end of 2025. The initial release will deliver robust automation and template-driven reporting capabilities, aligned within established Government Finance Officers Association (GFOA) Excellence in Financial Reporting Program standards and designed to bring immediate, high-impact value to public sector finance teams. Looking ahead, Strada is also developing embedded AI agents to further enhance the solution. Set to debut in early 2026, the agents will assist with drafting, editing, and refining complex narrative sections, helping ensure consistency, clarity and compliance year over year. By referencing both prior-year reports and current-year data, the AI agents will: Update management discussion and analysis (MD&A) sections Align commentary with updated charts, figures, and tables Maintain a consistent tone and structure year over year Suggest clearer, more concise phrasing while preserving format ' Our vision is to support public sector teams not just with automation, but with intelligent assistance that makes complex reporting faster, clearer, and more consistent,' Porter added. ' We want to help these skilled financial professionals focus on insight, not admin and free them from time consuming, repetitive tasks so they can deliver greater value for their communities.' Strada will showcase the new Automated ACFR app at the upcoming GFOA Annual Conference (June 29 – July 2) in Washington, D.C. at the Walter E. Washington Convention Center, Hall E, Booth #641. Attendees can book a one-on-one demo to explore how the solution simplifies ACFR preparation, reduces compliance risk, and prepares for future AI-driven innovation. To learn more or reserve a demo slot please visit our website. About Strada
Epoch Times
27-04-2025
- Business
- Epoch Times
San Diego County Cities Fare Well in 2023 Rankings
Commentary I've become a big fan of The History Channel's series 'Alone' and 'Alone Australia.' The goal is for one of ten contestants to survive the longest in the fall and winter months above the Arctic Circle or near the Antarctic Circle. Living off the land is not as easy as it seems, but the winning survivalist wins a significant cash prize. I play a similar game with California's 482 cities. Except I get to wait for the last one to finally complete its audit by an independent Certified Public Accounting firm and then post its annual comprehensive financial report (ACFR) for its residents to see. This disclosure requirement is usually completed within six months after the conclusion of the June 30 fiscal year end. Sometimes it takes nine months. Sometimes ... years. For Imperial County, the cities of Holtville and Westmorland have yet to post their June 30, 2020, ACFRs. That makes them nearly four years late. Because of this brazen delinquency, I have broken up Caltrans District 11 into two halves. This is why this ranking is only for the 18 cities in San Diego County. Including a column providing the dates when the auditors completed their field work in the chart below shows that seven of the cities met the timeliness goal of Dec. 31. Another seven made it by March 31. Number 15 is Coronado (July 15, 2024), followed by National City (Oct. 2, 2024), Lemon Grove (Dec. 16, 2024), and finally La Mesa (April 11, 2025). La Mesa's City Council approved the receipt of the financial report on the evening of April 22. That's some 16 months late and nearly two years after the close of the fiscal year. The reason for La Mesa's serious delinquency: 'Please note: FY 23 Audit is delayed due to ERP system upgrade and will be posted as soon as it is complete.' Related Stories 2/26/2025 12/30/2024 Enterprise Resource Planning (ERP) is a type of software that integrates essential business processes within an organization. Investopedia provides a Although along the Mexican border and experiencing immigration The tiny city of Del Mar doubled its unrestricted net position, allowing it to move up one position. Compared to the previous year, its charges for services rose by $767,250, grants for public safety rose by $872,239, grants for public works rose by $578,059, property tax revenues were $550,991 higher, and investment income was up $699,868. Looking at the prior year's revenues in excess of expenditures of $4.6 million, these revenue improvements explain the increase to $8.2 million. Along with $1.3 million in capital projects that were deferred due to the pandemic, the unrestricted net position grew by $6.2 million. This is probably more than you needed to know, but this is what can be garnered from a city's ACFR. Solana Beach was the big upward mover. Having revenues in excess of expenditures of $17.3 million was the big reason. The city moved $4 million into restricted assets and invested $8.3 million in capital assets, leaving $5 million to improve its unrestricted net position. Lemon Grove improved its unrestricted net position by 155 percent. It had revenues in excess of expenditures of $5 million, explaining the $4.1 million improvement to its unrestricted net position. Let's go back to where we started. Timeliness is critical for decision-making when preparing the annual budget. It's important for transparency to the stakeholders, the property owners of the city, to keep them informed on the fiscal management of the city council. And promptness reflects proper stewardship. California state Sen. Steven Choi (R-Irvine) introduced a bill in February to encourage timely reporting. Here's to hoping we can provide the June 30, 2024, San Diego County rankings soon.
