OurTown 2.0™
GASB 34 and ABC
Local governments will be required to implement Governmental
Accounting Standards Board (GASB) Statements No. 34 and No. 35,
Basic Financial Statements and Management's Discussion and Analysis
for State and Local Governments and Public Colleges and
Universities. The statements establish new financial reporting
requirements for state and local governments. Details of this new
accounting standard can be found at Rutgers.
One of the key components of the standards is to
- See the cost of providing services to its citizenry
The Federal Government has linked access to federal funds to
adherence to GASB34 reporting. Our ABC / LEM (Activity Based Costing
/ Labor, Equipment and Materials) module allows governments to track
the costs of delivering services in detail. We provide an automated
method for local government to comply with these new standards.
|
OurTown 2.0
Activity Based
Costing
=
Labor
+ Equipment
+ Materials
|
Every job has a price. How
do you calculate that price? Let's say a restaurant builds a
new drive-through. When they are done, you have to patch up
the sidewalk and the parkway. When you are done you should
send them a bill.
|
|
| i |
Description |
UNITS |
@ |
COST |
TOTAL |
| L |
Labor |
6 Hrs |
x |
10.50 |
$63.00 |
| L |
Driver |
7 Hrs |
x |
15.00 |
$105.00 |
| E |
Truck |
7 Hrs |
x |
22.00 |
$154.00 |
| M |
Concrete |
4 Yards |
x |
40.00 |
$160.00 |
| Total |
$482.00 |
OT2 not only tracks
every service request and all the activities associated with
the work order - it tracks the costs associated with each
job. So - how much does it cost to fill a pot hole? How much
asphalt have you used this month? How many hours has worker
X spent on what types of jobs? How many hours a week is that
new dump truck in use by the Forestry crew?
To see sample reports, get a free demo or have all your
questions answered Call (877) OUR-TOWN or
fill in an on-line
request right here. (After all OT2 is Internet Aware.)
|
|
