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State Government
Financial advisory, compliance, and accounting services for state agencies, authorities, and public instrumentalities navigating complex GASB reporting and federal program requirements.
Financial Services for State Government Agencies
State government agencies operate complex financial systems with multiple fund types, major federal programs, statewide pension systems, and the legislative and public reporting requirements that create accountability to taxpayers. State financial officers and agency CFOs need advisors who understand the nuances of state governmental accounting and the compliance requirements attached to billions of dollars in federal grants.
SMAART Company provides accounting, compliance, and advisory services for state agencies, public authorities, higher education institutions, and other state instrumentalities. Our team brings expertise in GASB financial reporting, OMB Uniform Guidance compliance for major federal programs, state pension and OPEB accounting, and the internal control frameworks required for large-scale government financial operations.
Whether you are a state agency managing a major federal program, a public authority issuing revenue bonds, or a higher education institution navigating both commercial and governmental accounting standards, SMAART delivers the technical expertise and compliance rigor that state government requires.
Core Directives
Major Federal Program Compliance
State-Level Internal Controls
Statewide Financial Reporting
Operational Milestones
01
Agency Assessment
Evaluate your federal program portfolio, reporting requirements, internal control environment, and financial systems.
02
Compliance Infrastructure
Build or strengthen compliance programs for major federal programs including risk assessments and monitoring procedures.
03
Financial Reporting
Prepare GASB-compliant financial statements, required supplementary information, and federal reporting packages.
04
Audit Readiness
Single audit preparation, auditor coordination, and finding response development.
05
Continuous Improvement
Ongoing compliance monitoring, GASB update implementation, and financial management advisory.
Included Services & Outcomes
GASB Financial Statement Preparation & Review
Major Federal Program Compliance (OMB)
State Pension & OPEB Accounting Support
Revenue Bond & Debt Accounting
Statewide CAFR Component Unit Reporting
Internal Control Framework Development
Federal Grant Subrecipient Monitoring
State Agency Financial Advisory
State Government Finance Demands Rigor.
SMAART brings the technical depth and governmental accounting expertise that state agencies need to meet their reporting obligations and serve their constituents responsibly.
FAQ
Questions &
Answers
Get answers to the most common questions about our state government services.
GASB 61 and 80 define the criteria for including component units in a state's financial reporting entity. Blended component units are reported as funds of the primary government; discretely presented component units appear in separate columns. Determining proper inclusion requires analysis of financial accountability relationships. SMAART advises on component unit determinations and prepares required financial statements.
States must ensure that both their own agencies and their subrecipients comply with OMB Uniform Guidance requirements. This includes pass-through entity responsibilities for subrecipient monitoring, risk assessment, and ensuring that federal funds flow appropriately to their intended beneficiaries. SMAART helps state agencies build robust subrecipient monitoring programs.
Accountable Government Starts with Sound Financial Management.
Partner with SMAART's state government specialists to strengthen federal program compliance, GASB reporting, and financial accountability across your agency.
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