News story: Better financial reporting for academy trusts

first_imgThe new academies chart of accounts is DfE’s standard for financial data that underpins the academies accounts return and budget forecast returns.Academy trusts that choose to adopt the standard will benefit from potential automated data transfer from their finance system to ESFA for financial returns relating to the 2019/20 financial year.An additional benefit is that DfE can provide richer and more accurate financial benchmarking information allowing academies to compare their finances with other similar academies with greater confidence.Lord Agnew, Parliamentary Under Secretary of State for the School System said:“Our better financial reporting programme is a great step forward in our work to improve efficiency in schools. We have recognised that the current system of submitting financial data to the department is time consuming and offers insufficient benefit to academy trusts.“By having a standard chart of accounts, we create the essential building blocks for the new system as it provides a consistent way of recording financial data for all academy trusts. This will allow us to reduce the burden on trusts through the electronic submission of financial data directly from finance systems and adding greater value to trusts by enabling us to create new financial efficiency tools as well as improve the timeliness and quality of the existing tools.”Adopting the new chart of accounts will require an investment of time and effort from trusts but this will lead to significant future benefits. For example, around 65% of the accounts return comes from data within a trial balance. Being able to have that data pre-populated will be extremely helpful to trusts.Trusts can view the academies chart of accounts and a guide to adopting the new standard.Adopting the academies chart of accounts is voluntary.last_img read more

TILA-RESPA deadline countdown

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUs face big mortgage documentation decisions before Aug. 1, 2015.by: John LevyThe close of another year naturally causes most people to think about the year ahead. For our industry, it is a time to ponder such questions as, what will be the defining trends? What will be next year’s biggest stories? What do we face as our primary compliance challenges?This last question might be bringing most credit unions to a screeching halt. Not that managing burgeoning regulatory changes is anything new to today’s executives, but there are some fairly serious deadlines looming. Realize it or not, we are less than a year from the TILA-RESPA Integrated Disclosure Rule issued by the Consumer Financial Protection Bureau, with a go-live date of Aug. 1, 2015. The new rule is meant to make the information on mortgage disclosures easier for consumers to understand by consolidating forms required under the Truth in Lending Act and the Real Estate Settlement Procedures Act, as well as eliminating miscellany data.The TILA-RESPA rule is meant to create a friendlier borrower atmosphere. For instance, two new documents—the loan estimate and the closing disclosure–will consolidate several other forms previously used, simplifying the consumer’s experience. Also, it is supposed to ensure there is no extra, unnecessary data on disclosures, making the display format more convenient for the borrower to view and understand. An example would be removing the option for zeros or N/As to display on documents that disclose costs and the APR. The key is to show only the information relevant to a  particular borrower’s situation. continue reading »last_img read more

Act Like You Have Been There

first_imgIf you have been in athletics at all, you are more than likely familiar with the statement “act like you have been there before”.  It refers to when you score or when you make a good play you should not taunt the other team.  You go back on defense or move back to the huddle or whatever the game calls for.  In other words, you have done this before; it is no big deal; and you aren’t going to rub it in their face.  The NFL is always trying to cut down on violence in football.   One way would be to severely penalize any sign of taunting.  For example, backing into the end zone after a long run which tells your opponent that they are so slow you can beat them running backwards.  When a tackle makes a good play, instead of getting up and moving to the next play they stand and point fingers in your face or dance around like they have just been stung by a poisoned bee.  One or two plays later in the game someone gets an unsportsmanlike conduct penalty because in retaliation they try to kill an opposing player rather than just tackle him.  They supposedly took away celebrating in the end zone, but I have failed to see any real enforcement of this.  You would think that someone in the multi-million dollar earning range might have a little more sense than to shed all of their dignity and act like their two-year-old sons or daughters throwing a temper tantrum.last_img read more

Davido, Teni others thrill fans at Access Bank-Lagos City Marathon

first_imgRelatedPosts Davido to make acting debut in Coming To America sequel I was asked if we had an airport while in US College – Davido Davido’s dedication inspires young talents, says budding artiste Security officials had torrid time controlling the crowd as they battled to catch a glimpse of ace Musician, David Adeleke (Davido), one of the guest musicians at 2020 Access Bank-Lagos City Marathon. The News Agency of Nigeria reports that the 30 billion Gang crooner had the last performance to the admiration of the fans who continued to ask for more. Davido performed most of his hit songs such as Chioma, 30 billion naira, E ma Dami Duro and others. Before Davido came, the rave of the moment, Teniola Apata, popularly known as Teni, also dished out her numerous songs to entertain her fans. Some of her songs included Billionaire, For Your Case and Meyo. NAN reports that 31-year-old Kenyan long distance runner, David Bamarssai, won the race with a prize money of the 5th Access Bank Lagos City 42km Marathon with the time of 2:10:23 Kenya’s Sharon Jemutai Cherop became the First Woman to Finish the marathon also. Guests at the presentation ceremony included Lagos State Governor, Babajide Sanwo-Olu; Chief of Army Staff, Lieutenant General Yusuf Buratai; and Chairman and Lagos State Sports Commission, Sola Ayepeku. Others included the Chairman, Nilayo Sports, organisers of the event, Bukola Olopade; and Director General, LSSC, Oluwatoyin Gafar.Tags: Access Bank Lagos City MarathonDavid AdelekeDavid BamarssaiDavidoJemutai CheropTeniola Apatalast_img read more

House passes $2.2 trillion stimulus package

first_imgThe House has passed a stimulus bill that will aid the American economy as it attempts to deal with the effects of the coronavirus.The package was passed by a voice vote Friday afternoon and is being rushed to the President for signing.Both Democrats and Republicans placed party differences aside to help pass the bill in record time.“Today we’ve all acknowledged our nation faces an economic and health emergency of historic proportions,” House Speaker Nancy Pelosi said.The bill hopes to put $1,200 in the hands of most Americans who are now out of work or struggling in the current economic climate, bolster unemployment benefits, offer loans, grants and tax breaks to businesses, and put billions back into state and local governments.last_img

Disposal of Storm Related Debris

first_imgSites:Griffin Athletic Fields (parking lots),  6924 41st Avenue NWBurfoot Park, (front entrance parking lot),  6927 Boston Harbor Road NEKenneydell Park,  (ball field parking lot),  6745 Fairview RoadWaste and Recovery Center (WARC), 2418 Hogum Bay Road NE (residential customers – no fee, Landscape businesses or Commercial haulers will be charged their regular fee).  (Please also note- City of Lacey residents are directed to take their debris to the WARC at no charge)Rainier, (vacant lot behind Rainier Market) corner of Minnesota and Rochester Streets.Sargent Road Gravel Pit, 16500 Sargent Rd. SWCounty residents are urged to drop off materials at the WARC if possible.  Please note- the drop off sites are for residential storm-related debris only!Hours & Times for Drop Off:All sites for disposal will be open for drop-off of material  beginning Wednesday, January 25, 2012 through Wednesday, February 29, 2012WARC – regular business hours – Monday to Friday 7 a.m to 5 p.m.  Saturday and Sunday 8 a.m to 5 p.m.All other sites – 7 days a week – 8 a.m. to 4 p.m. Olympia- Thurston County residents, who have woody debris from the recent storms on their property, can drop it off at several locations.  Beginning Wednesday, debris such as tree limbs can be dropped off free of charge at the following locations- Types of Material:Woody “Storm Debris Only” which includes tree branches and trees.Absolutely no garbage will be accepted!!Other Methods for Debris Management:We encourage neighborhood associations to identify open areas within their developments for disposal of storm debris in lieu of placing material in the right-of-way or at the curb.Rural Right-of-Way collection.  County staff will be collecting storm debris from the road right-of-way in the unincorporated areas through Wednesday, February 29, 2012  City residents should contact their jurisdiction.Customers will need to have their woody “Storm Debris Only” material to the curb prior to that date for collection.   Absolutely no garbage will be accepted.Right-of-way means: 1) off the edge of pavement (not on the road way), 2) back of ditch (do not pile or block ditch), 3) not on sidewalks.We encourage neighbors to help neighbors with the storm debris.center_img Facebook16Tweet0Pin0last_img read more

Olympia Beekeeper To Teach “How To” At Lacey Timberland Library

first_imgSubmitted by Timberland Regional LibraryYour yard could be humming with the sound of contented honeybees. Local beekeeper and swarm chaser Kellie Shincke will be at the Lacey Timberland Library from 1:30 to 3:30 p.m. on Monday, February 4 to walk people through the basics of backyard beekeeping and answer questions.Topics will include natural beekeeping, hive designs, bee friendly plants, bee feeding, and maintenance. Attendees will leave with a working knowledge of how to set up a bee colony and become a friend to bees and other pollinators.Ms. Shincke fell in love with bees when she set up two top-bar hives in her Olympia backyard a few years ago. She also learned the art of swarm capture and bee removal and now keeps over 15 hives of various designs. Shincke owns Working Girls Urban Bee Company and is an active member of the Olympia Beekeepers Association, a non-profit organization that provides education, training and support for beekeepers in Thurston County. Website: www.olympiabeekeepers.org.The Lacey Timberland Library is located at 500 College Street SE. For more information, contact the library at (360) 491-3860 or visit www.TRL.org. Facebook36Tweet0Pin0last_img read more

Nelson Midget Reps rock Surrey to end Castlegar tourney on positive note

first_imgIt’s been said a team always wants to win the last game.The Nelson Midget Rep Leafs accomplished the feat Sunday, blasting Surrey 9-1 in the consolation round of the Castlegar Minor Hockey Tournament in the Sunflower City.Zack Friedenberger led the Nelson attack scoring four times.Dylan Whiffen, Matthew Brind’Amour, Logan Hascarl, Keaton Roche and A.J. Hughes added singles for Nelson.The Reps led 2-1 after one period and 5-1 after two before exploding for four goals in the third. Nelson opened the tournament Friday dropping a 8-3 decision to Spokane.Matthew Brind’Amour, Liam Butterfield and Lincoln Rosenblood scored for Nelson.The Reps then dropped a 9-4 decision to South Okanagan of Oliver Saturday morning.Friedenberger scored twice with singles going to Danny Marsden and Hughes.Short rest did nothing for Nelson in the afternoon game Saturday as Elk Valley pounded the Reps 7-1.Brind’Amour was the only Nelson player to get on the scoresheet.Brayden Pompu and Ben Kelsch shared the netminding during the weekend.last_img read more


first_imgNOTES: The winning owner is Peter Cantrell of Dallas, TX. -30- KENT DESORMEAUX, MISS SOUTHERN MISS, WINNER: “We have always been very, very fond of her. She works lights out but unfortunately, when she gets behind horses on the dirt, the spray sets her off. It wasn’t good for her mentally but on the grass, she just canters around there. She settled down the backside and never did take a deep breath today. She’s very talented and I guess she just needed a little grass under her feet.“I hope she’s going to the Breeders’ Cup Juvenile Fillies Turf because I’d love to rider her there.“Exaggerator certainly created a whole family of love for us, I know that. Two country boys from the small town of Maurice, Louisiana…I’m just happy for WinStar Farm to acquire him because he’s one of the quickest horses I’ve ever ridden. From zero to 100 in just two jumps. He’s very, very fast.”             KEITH DESORMEAUX, MISS SOUTHERN MISS, WINNER: “According to her pedigree, she’s supposed to run like this. I tell you what, since the two year old crop came in there’s never been a doubt as to who is number one in the barn. So yeah, we expected it.“The key was Kent today. If you watch her other races it was a struggle for him to get her to relax. And, even though he had a strong hold of her today, she seemed to be relaxed. I had a lot of confidence that she’d continue her run home. And, it’s the pedigree! It’s nice to see that kind of stuff come to fruition. She had them beat at the eighth pole. That’s cool.“She’s been so exciting to have in the barn and she has all the things you want in a racehorse. I actually thought we’d see that on the dirt but she leveled off, didn’t she? But she’s going to be a really good horse on this turf.”center_img TRAINER QUOTES JOCKEY QUOTESlast_img read more

IndiGo to start daily flights on KolkataHanoi route from Oct 3

first_imgNew Delhi: IndiGo will start daily non-stop flights connecting Kolkata and Hanoi from October 3, making Vietnam’s capital the 19th international destination for the airline. Vietnam would be fifth Southeast Asian country in IndiGo’s network after Thailand, Singapore, Malaysia and Myanmar. In a release on Tuesday, the no-frills airline said it would introduce daily non-stop flights connecting Kolkata and Hanoi from October 3. “Hanoi will be IndiGo’s 19th International and 75th overall destination,” it said. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaOne way fares are starting from Rs 9,999. IndiGo’s Chief Commercial Officer William Boulter said the airline would continue to expand its network to meet the requirements of both business and leisure travellers across domestic and international destinations. “We foresee a rising demand for Hanoi, which is famous for its historic architecture and a rich cultural blend of Southeast Asian and French influence. “Additionally, we are also expecting a high demand for the Buddhist circuit as Vietnam has a large Buddhist community,” he added. IndiGo operates around 1,400 flights daily.last_img read more