CPA Profiles

Jason Russell, CPA - Owner


Jason Russell, CPA

Owner

Professional Experience
Jason has experience with both large and small clients. Having started his career working for a governmental entity, Jason understands the needs of governmental clients. From there he jumped into the corporate world just as corporate America began implementing Sarbanes Oxley. Having worked for the past several years in a mid-size CPA firm, Jason has gained a well-rounded set of tools to help your entity. These include the design and implementation of internal controls, creation and review of audit reports as well efficiently lead audit engagements.

Jason's audit responsibilities include significant experience with single audits under OMB A-133 and other not-for-profit and governmental engagements, as well as serving clients in industries such as utilities, Special Districts, banking, mortgage and consumer lending.

Some specific areas of his professional experience include:

  • Sacramento Municipal Utility District (SMUD)(subcontractor to Baker Tilly)
    Performed annual audits of SMUD's Joint Power Authorities. The audit involved testing the financial assertions of the client prepared financial statements.  Testing and verifying from third parties the underlying figures presented by the client for publication.
  • Multiple Water Districts and Companies
    Jason serves as the auditor in charge of all water entities audited by Marcia Fritz & Company.  This includes all aspects of the audit from initial contact to planning, performing, staffing and finalizing the prepared by client financial statements.  Jason has worked extensively with both governmental water districts as well as non-profit and for-profit water companies.  Work with non-profit and for-profit water entities includes the preparation and review of necessary tax filings with the IRS and various state taxing agencies.
  • Various California Cities
    Jason spent the early portion of his audit career working with mid to large cities within the state of California.  Here he experienced the control environment of multiple location departments regarding the collection and disbursements of cash.  Projects included the establishment of cash collection procedures for sanitation districts, municipal parks and recreation facilities as well controls related to the safe keeping of cash and cash receipts. Jason learned the inside of OMB A-133 while working with cities, and was in charge of identifying and creating audit plans and documentation associated with the various federal, state and local grants many Cities receive.
  • Sarbanes Oxley
    Having been in college when Sarbanes Oxley was passed by Congress, Jason was able to learn firsthand the effects this act would have on businesses.  An integral part of Sarbanes Oxley included the proper management of unclaimed property by companies.  While working for the world’s largest subprime mortgage company, Jason was charged with the developing procedures for escheating unclaimed property to the legally responsible parties.  This required the establishment of computer databases to process payments to customers as well as payments to each of the 50 states.
  • Electronic Payments for Governmental Entities
    Jason's strong work ethic brought him into the working world early, as an intern at the Department of Treasure for Orange County California.  Orange County would pioneer Web based payments for governmental entities.  Long before any other government was accepting web based payments, the County implemented its online system.  Jason was charged with addressing the associated accounting issues involved including troubleshooting, direct contact with taxpayers as well as cooperating with various banks and merchant processors.  Unknown to him at the time, this experience would aid Jason in almost every consulting job in his career.  Since his time with the County, Jason has consulted with the implementation of multiple accounting/Web based system implementations for all forms of business and governmental entities.

Professional Affiliations
Certified Public Accountant - State of California
American Institute of Certified Public Accountants
California State Society of Certified Public Accountants


Education
B.S. Business Accounting, Magna Cum Laude
Biola University, La Mirada, California

Pursuing a - MS Masters of Accountancy - California State University, Sacramento

Community Activities

Non-Profits

Trustee - Sacramento Zoological Society

Treasurer - Capital City AIDS Fund
Treasurer - FastBreakTech Inc.
Former Treasurer - Sacramento Rainbow Chamber of Commerce

Governmental

Aviation Advisory Committee – County of Yolo

Publications
"California Special District" Volume 2, Issue 4, July - August 2007
"California Special District - eNews" June 25, July 16, July 30, August 13, 2007

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