Conference Sessions

15 Sessions

Wednesday, May 9, 2018 - 10:30am to 12:10pm
Room: 
221-228
Moderator/Speaker
Senior Manager
GFOA
Speaker
Budget Director
City of Kansas City, MO
Speaker
Chief Financial Officer
City of Carrollton
Speaker
Finance Director
City of Surprise, AZ

How transparent is your government? GFOA has long advocated for transparency in financial reporting. For governments, this means reporting to a variety of various stakeholders each with unique needs and interests. In this session, speakers will provide their lessons learned and experiences in communicating financial information through a comprehensive annual financial report (CAFR), popular annual financial report (PAFR), website dashboard, social media, or other tool. Speakers will also discuss how to engage stakeholders, be proactive with communication efforts, and the benefits to your government of doing so.

Wednesday, May 9, 2018 - 8:30am to 10:10am
Room: 
Ferrara Theater
Moderator
Assistant Finance Director/Controller
City of Fort Worth, TX
Speaker
Former Director of Technical Services
GFOA

Does it seem like the accountants in your organization speak a foreign language? Come learn how to say "hello" and "I am not an accountant" in accountant-speak! At least you'll be able to ask directions to the water-fountain when you visit "governmental-accounting-land." This session will explain some of the fundamental differences between private sector and governmental accounting, provide an explanation of why those differences arose, communicate what you need to know to understand the basics of governmental accounting, and provide an overview of topics covered on the Certified Public Finance Officer (CPFO) exam related to accounting, auditing, and financial reporting.

Wednesday, May 9, 2018 - 8:30am to 10:10am
Room: 
223-226
Moderator/Speaker
Assistant Finance Director
City of San Antonio, TX
Speaker
Partner
Baker Tilly Virchow Krause, LLP

Emergency response and recovery efforts following a disaster are just the start. Federal assistance to local governments from the Federal Emergency Management Agency (FEMA) and other agencies may literally be life-saving, but they come with strings attached and can be pulled back if governments do not comply with extensive compliance requirements. In this session an experienced auditor and a disaster-aid recipient government official will share their insights regarding meeting compliance requirements, documentation, and what to expect from independent and federal auditors during their testing of recovery grant expenditures.

Wednesday, May 9, 2018 - 8:30am to 10:10am
Room: 
240 Complex
Moderator
Payroll Analyst
Allegheny County
Speaker
Program Manager
University of Georgia
Speaker
Deputy Chief Financial Officer
City of Orlando, FL

Payroll is often the largest single cost object for a government, and good payroll administration is essential for a government's efficient operations, legal compliance, and internal control. This session will discuss overall payroll practices through policies, technology, law, process, and internal controls issues faced by a government. Speakers will provide strategies that apply to both small and large governments and provide benefits from administrative and employee perspectives.

Tuesday, May 8, 2018 - 3:35pm to 4:50pm
Room: 
Ferrara Theater
Moderator
Controller
City of Rockville, MD
Speaker
Unit Head of Accounting Services Unit
New York City Mayor’s Office of Management and Budget
Speaker
Partner
KPMG LLP

GASB 84, Fiduciary Activities, becomes effective for fiscal years beginning after December 15, 2018. Is your government ready? Experts in government accounting will explain key elements of GASB 84 as well as strategies for systematically reviewing and properly classifying activities currently reported as fiduciary and make suggestions on explaining required changes to budgets and financial reports to non-accountants.

Tuesday, May 8, 2018 - 2:00pm to 3:15pm
Room: 
223-226
Moderator/Speaker
Director of Business Services
Ascension Parish School Board
Speaker
Vice President for Administration and Treasurer
College of DuPage

GASB 87 on leases will become effective for periods beginning after December 15, 2019, but if you're thinking this can be placed on the back burner for a while, think again. The new lease accounting is going to require quite a lot of advanced preparation. Speakers will explain the need for governments to do a comprehensive search of contracts, including many that may not even have previously been thought of as leases. The course will cover accounting for contracts that combine use of assets with services, and identify the key contract provisions that will need to be analyzed in order to properly assess each lease's term and the appropriate effective interest rate to distinguish asset value from financing costs. A review of available and developing technology to manage and account for leases will also be included.

Tuesday, May 8, 2018 - 10:20am to 12:00pm
Room: 
Ferrara Theater
Moderator
Finance Director
City of Kennewick, WA
Speaker
Director of Research and Technical Activities
Governmental Accounting Standards Board

2018 will be the first year for many government employers implement the new other post-employment benefit (OPEB) reporting standards This session will include how to address the implementation challenges of OPEB. GASB's Director of Research and Technical Activities will discuss employers' accounting for postemployment benefits other than pensions, focusing on extensive implementation guidance recently issued by GASB to help governments prepare to implement GASB 75.

Monday, May 7, 2018 - 4:15pm to 5:30pm
Room: 
Ferrara Theater
Moderator/Speaker
Controller
Chicago Public Schools
Speaker
Managing Director, Higher Education and Not-for-Profit Practice

Grant Thornton, LLP

Many financial statement preparers dread the auditors showing up. Auditors may not look forward to engaging with certain clients. Learn how to have an effective audit – one that is meaningful, useful, and timely, affording satisfaction from all parties involved. An experienced government comptroller and an external audit partner will each present information from their own experience in terms of selecting and managing a transition between independent audit firms and strategies for minimizing the burden of a financial statement audit while maximizing the benefits a government can extract from the audit process.

Monday, May 7, 2018 - 4:15pm to 5:30pm
Room: 
223-226
Moderator
Treasurer
City Colleges of Chicago
Moderator/Speaker
Chief Financial Officer
Broward County Public Schools
Speaker
Controller
Montgomery County - Department of Finance
Speaker
Chief Financial Officer (Retired)
City of Portland

We may all just seem like "finance" staff to the uninitiated, but the languages/mindsets of accounting versus budgeting staff are often not so readily transferable. Accurately reporting on prior years' actuals and allocating funds for the future are both essential for the financial sustainability of any organization and can be cross-utilized to better inform and improve one another. This session will discuss how to bridge the gap between accounting and budgeting and how staff can collaborate to more effectively complete their individual functions and ultimately better serve their organization.

Monday, May 7, 2018 - 2:40pm to 3:55pm
Room: 
240 Complex
Moderator/Speaker
Assistant Director
Tennessee Comptroller of the Treasury, Division of Local Government Audit
Speaker
Owner
Rehmann Robson, LLC

One of the most profound changes introduced by the Uniform Guidance covering federal grants relates to the reporting on and monitoring requirements for subrecipients. This session will discuss these new requirements, provide strategies on how to meet them effectively, and implement appropriate documentation procedures. GFOA's best practices on grant management, establishing an effective grants policy, grant administration, and central grant oversight committees, along with other aspects of compliance with OMB Uniform Guidance will also be discussed.

Monday, May 7, 2018 - 1:30pm to 2:20pm
Room: 
223-226
Moderator/Speaker
Comptroller
New York City Municipal Water Finance Authority, the New York City Transitional Finance Authority, the Hudson Yards Infrastructure Corporation, Sales Tax Receivable Corporation
Speaker
Partner
RubinBrown, LLP

A government's reporting and disclosure about its debt is one of the most scrutinized elements of its financial reporting. This session will review the current GASB guidance related to accounting and financial reporting for debt. Pronouncements reviewed will include GASB Statement No. 86, Certain Debt Extinguishment Issues, as well as the GASB Exposure Drafts on Accounting for Interest Costs During the Period of Construction and Certain Disclosures Related to Debt.

Monday, May 7, 2018 - 10:30am to 12:10pm
Room: 
Hall 5
Moderator/Speaker
Director, Technical Services
GFOA
Speaker
Executive Director
National Association of State Auditors, Comptrollers, and Treasurers (NASACT)
Speaker
Chairman
Governmental Accounting Standards Board

This session, long a staple at the annual conference, will be joined this year by the GASB Chairman. Speakers will provide a comprehensive overview of the key developments in accounting, auditing, and financial reporting that affect state and local governments. Topics covered will include recently promulgated standards, upcoming implementations and related practice issues, as well as developments related to current GASB projects likely to affect issuers and auditors in the near future.

Sunday, May 6, 2018 - 2:40pm to 3:30pm
Room: 
223-226
Moderator/Speaker
Director, Rutgers Master's Program in Governmental Accounting
Rutgers Business School
Speaker
City Administrator
City of Liberty, SC
Speaker
Partner
Moss Adams LLP

The Governmental Accounting Standards Board (GASB) is in the midst of research involving whether the framework for going concern needs to be updated in light of many governments experiencing financial difficulty or oversight, but without the legal ability (or desire) to declare bankruptcy. In addition, the American Institute of CPAs (AICPA) has released new auditing standards (SAS-132) updating the attestation and auditing of going concern. Learn about these new projects from the experts.

Sunday, May 6, 2018 - 2:40pm to 3:30pm
Room: 
240 Complex
Moderator
Controller, Accounting Division of the Bureau of Revenue and Financial Services
City of Portland, Oregon
Speaker
Senior Vice President & Actuary
Segal Consulting
Speaker
Senior Manager, Assurance Professional Practice
Crowe Horwath

With the implementation of GASB's pension and other postemployment benefit (OPEB) standards, some of the largest numbers and most detailed disclosures in a government's financial statements are calculated by actuaries. Yet, accountants and auditors must understand and work with these numbers - and the professionals who calculate them. In this session you will hear from actuaries and accountants about their respective roles and how to most effectively manage inter-dependency to facilitate timely and reliable pension and OPEB reporting.

Sunday, May 6, 2018 - 1:30pm to 2:20pm
Room: 
Ferrara Theater
Moderator/Speaker
Director of Finance
City of Roseville, CA
Speaker
Senior Manager
GFOA

Accounting for Investments is a complex and evolving area of government accounting. GASB has issued at least 15 statements that govern some aspect of accounting and financial reporting for investments. This session will cover the current accounting and financial reporting requirements for investments, including the definition of an investment, valuation of a variety of types of investments, external investment pools, investment derivatives, securities lending and repurchase agreements, as well as a preview of forthcoming guidance from GASB on majority equity interest holdings.