Accounting Principles and Concepts

Accounting principles and concepts provide a basic framework for accounting and financial reporting. They ensure the users of financial information are not misled by varying accounting practices which conflict with the spirit of the accounting profession. Accounting principles and concepts are integral to GAAP. Included here are some of the principles and concepts to reference when determining how to handle various accounting transactions.

New Employee Hiring and Orientation

Orientation for new employees helps solidify their relationship with the district and is the process of introducing new employees to their position and work environment. There are many ways in which to orient a new employee. Suggest creating a checklist of items to review with new employees and the following are ideas on documents to include in an orientation packet:

Annual Financial Statement Requirements

Current Reporting Requirements

In accord with Minn. Statute 103C.325, Subd. 2, the Office of the State Auditor (OSA) and the MN Board of Soil and Water Resources (BWSR) require all soil and water conservation districts (SWCDs) to have an annual financial audit regardless of revenue, effective with the 2019 financial statements.

Board Governance Documents

• Bylaws (pdf)
• Per Diem Policy (pdf)

The SWCD Operational Handbook is a resource for SWCD supervisors and staff. The handbook includes the following sections:

SWCDs in Minnesota (posted 4/1/2020)

SWCD Board of Supervisors (posted 4/1/2020)