BC Compliance Group has been selected to speak at the 2011 Virginia Local Government Auditors Association (VLGAA) 2011 Spring Conference.
Edward Botti, Co Managing member of BC Compliance Group has been invited by the President of the VLGAA to speak to the association and hold a work shop on the issue of Lease Compliance.
Mr. Botti will be discussing issues such as:
How to draft and include Lease language that addresses unforeseen financial matters and reduces exposure to future accounting discrepancies.
The differences between the legal side of a Lease and the Economic side of a Lease.
The reasons why Lease and Contract accounting can become non compliant, and the financial impact it can have.
Tools and tips on conducting Lease Compliance Reviews and Contract Compliance examinations.
As well as numerous discussions relating to:
- Operating Expense and Real Estate Tax Base Years
- Capital Expenditures
- Other Non-allowable Expenses
- Demised Premises Proportionate Share
- Real Estate Taxes
- Consumer Price Index (CPI) Calculations
- Porters’ Wage Escalation
- Energy/Utility Escalations
- Management Fees
- Insurance
- Miscellaneous Issues
The conference will end with a Q & A session. Mr. Botti will be on hand all day to meet and speak with the members on a 1 on 1 basis.