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The Greater Fort Lauderdale - Broward County Convention Center
1950 Eisenhower Boulevard
Fort Lauderdale, FL  33316

 Concurrent Sessions and Discussion Groups

Accounting, Auditing, and Financial Reporting

Concurrent Sessions

Whither Fund Balance?

There is little doubt that the single most discussed account balance is a state or local government’s financial statements is likely to be fund balance. For that reason, the Governmental Accounting Standards Board (GASB) has undertaken a project aimed at reexamining how fund balance is presented. The GASB also is reconsidering how the various governmental fund-types are defined.  This session will update participants on the board’s deliberations and its tentative decisions to date.

Sunday, June 15, 2008 / 1:30 pm – 2:30 pm


Combined presentation

Moderator/Speaker: Ms. Michele Mark Levine, Director of Accounting, New York City Office of
Management & Budget, New York, NY
Speaker: Dr. Jacqueline Reck, Associate Professor, University of South Florida, School of
Accountancy, Tampa, FL


Getting the Right Tools for the Job: The AICPA Audit Committee Toolkit

Recently the GFOA released a much expanded recommended practice that urges governments of all types and sizes to establish an audit committee. The American Institute of CPAs has put together a set of practical tools that are available free of charge to governments to assist them in this endeavor. This session will examine the contents of the AICPA toolkit in detail. It also will review the key recommendations offered in the GFOA’s recommended practice on audit committees.

Sunday, June 15, 2008 / 1:30 pm – 2:30 pm


Combined presentation  

Speakers: Gerry C. Boaz, Technical Analyst, Tennessee Division of State Audit, Nashville, TN

Lena H. Ellis, Finance Director, City of Fort Worth, TX 

Debits Left, Credits Right: A Practical Approach to Understanding Derivatives

The Governmental Accounting Standards Board soon will issue definitive guidance on the proper accounting and financial reporting for derivatives. Many accountants are relatively unfamiliar with derivatives and feel real trepidation at the prospect of having to implement the new guidance. This session will attempt to minimize the anxiety quotient by using a number of easy-to-understand sets of journal entries to explain the application of the new GASB guidance in a number of circumstances.

Sunday, June 15, 2008 / 2:45 pm – 3:45 pm


Combined presentation  

Moderator: Mr. David A. Randall, Accounting Manager, Fire and Police Employees Retirement
System of Baltimore City, Baltimore, MD
Speaker: Mr. Robert V. Stout, Finance Director, City of Vallejo, CA

The Accounting and Auditing Year in Review
This popular session, which inaugurates the accounting and auditing track each year, offers a rapid but comprehensive overview of all of the key developments in accounting, auditing, and financial reporting during the past year, while highlighting later concurrent sessions where individual topics can be explored in greater detail. The session also will explore the GFOA’s perspective on the future of public-sector standard setting.

Monday, June 16, 2008 / 10:25 am – 12:10 pm


Combined presentation  

Moderator: Deborah D. Girard, Deputy Chief Administrative Officer, City of Orlando, FL
Speakers: Jeffrey L. Esser, Executive Director/CEO, Government Finance Officers Association,
Chicago, IL

Stephen G. Gauthier, Director, Technical Services Center, Government Finance Officers Association, Chicago, IL

Kinney Poynter, Executive Director, National Association of State Auditors, Comptrollers and Treasurers, Lexington, KY

Something Old, Something New: Single Audit Deficiencies and the Latest Yellow Book

The President’s Council on Integrity and Efficiency recently released a Report on National Single Audit Sampling Project, that highlighted a number of common deficiencies in Single Audits. The Governmental Accountability Office also issued a revised version of its signature Government Auditing Standards (“Yellow Book”).  This session will focus on the changes auditors will wish to make in light of this new guidance.

Monday, June 16, 2008 / 1:25 pm – 3:05 pm


Moderator: Karen L. Wilcox, Director of Finance, Sacramento Area Council of Governments, Sacramento, CA
Speakers: George A. Scott, Regional Partner, Public Sector Services, Deloitte & Touche, LLP, Austin, TX

Gail Flister Vallieres, Assistant Director, Financial Management and Assurance Team, US Government Accountability Office, Washington, DC


Making Sense of it All: Explaining OPEB Accounting to Decision Makers

Given that many finance professionals are confused on the topic, it is hardly surprising that citizens and elected officials often are at a loss to understand “what’s changed” in regard to other postemployment benefits (OPEB) as governments prepare to implement the Governmental Accounting Standards Board’s (GASB) Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions. This session is specifically designed to equip finance professionals to explain the new OPEB accounting and its implications in a way that is both accurate and understandable to those who must use that information to make decisions.

Monday, June 16, 2008 / 1:25 pm – 3:05 pm


Combined presentation

Moderator: Gail M. Murchison, Deputy Director of Finance, Mecklenburg County, Charlotte, NC
Speakers: Frank W. Crawford, President, Crawford & Associates, PC, Oklahoma City, OK

Robert B. Scott, Assistant City Manager/CFO, City of Carrollton, TX


Clean Up Patrol: Case Studies in Accounting for Pollution Remediation

The GASB recently issued Statement No. 49, Accounting and Financial Reporting for Pollution Remediation Obligations, which ultimately will affect most states and numerous local governments. This session will utilize a case study/problem-solving approach to illustrate how to apply the unique provisions of the new standard (obligating events, benchmarks, estimation of obligations and recoveries using discounted cash flows).

Monday, June 16, 2008 / 3:20 pm – 5 pm


Combined presentation  

Moderator: Bryant M. Enge, Resource Management Director, Department of Transportation, City of Seattle, WA
Speakers: Wesley A. Galloway, Project Manager, Governmental Accounting Standards Board, Norwalk, CT

G. Robert Smith, Jr., Associate Professor, Department of Accounting, Middle Tennessee State University, Murfreesboro, TN 

Making it Better: Options for Improving the CAFR

Both generally accepted accounting principles and the GFOA’s Certificate of Achievement for Excellence in Financial Reporting Program (Certificate Program) allow considerable flexibility in how governments present information in their comprehensive annual financial report (CAFR). This session will explore possibilities for creative improvement and consider practical examples drawn from CAFRs submitted to the GFOA’s Certificate Program.

Monday, June 16, 2008 / 3:20 pm – 5 pm


Combined presentation  

Moderator: Jennifer O. Fung, Executive Director of Finance and Administrative Services, City of McKinney, TX
Speakers: Anne A. Fritz, Director of Finance, City of Westlake, OH

Paul E. Glick, Principal, Glick Consulting Group, Orange Lake, FL 

Rapid Response: Implementing the Audit Risk Suite and SAS 112

This session will focus on practical techniques for auditors working in the public sector to effectively and efficiently implement the new “risk assessment suite” auditing standards, as well as Statement on Auditing Standards (SAS) No. 112, Communicating Internal Control Related Matters Identified in an Audit.  The session also will explore practical ways for governments to minimize the potential adverse effects of SAS No. 112.

Tuesday, June 17, 2008 / 10:15 am – 11:55 am


Combined presentation

Moderator: Anne M. Field, Controller, Metropolitan Washington Airports Authority, Washington, DC
Speakers: Stephen W. Blann, Principal – Government/Nonprofit Services, Rehmann Robson, Grand Rapids, MI

Charles Elliott, Controller, City of Minneapolis, MN

Christa McLellan, Director of Financial Reporting, County of Wayne, MI


In Plain View: Using Popular Reports to Tell Your Government’s Financial Story

The GFOA’s Popular Annual Financial Reporting (PAFR) Program was designed, not only to encourage governments to experiment with new and creative ways of communicating financial information to citizens, but also to make the results of these efforts available to other interested governments. This session will explore the “state of the art” in popular reporting today, based on submissions to the PAFR Program.

Tuesday, June 17, 2008 / 10:15 am – 11:55 am


Moderator/Speaker: E. Barrett Atwood, Sr., Director of Finance, City of Boynton Beach, FL
Speakers: Sharon M. Anselmo, Management Services Director, City of Maitland, FL

Greg Gregory, Deputy Administrator, Public Employees’ Retirement System of Mississippi, Jackson, MS

Before and After the Storm: Accounting and Financial Reporting for Disasters

For public-sector accountants and auditors, the administrative fallout from a natural disaster can often be traumatic in its own right. This session will explore various steps that can or should be taken, both before and after a disaster, to avoid, mitigate, or otherwise address the full range of accounting and financial reporting challenges likely to follow.

Tuesday, June 17, 2008 / 1:55 pm – 3:35 pm



Moderator/Speaker: Linda Davidson, Deputy Director, Financial Services, City of Boca Raton, FL
Speaker: Charles Dugger, Deputy Director of Quality Assurance, Florida Recovery Office, Federal Emergency Management Agency, Lake Mary, FL

Rob Dillenger, Federal Emergency Management Agency, Lake Mary, FL 

Michael Genito, Comptroller, City of Rye, NY

Borrowing Wisely: Financing Capital Projects in Canada

Municipalities in Canada are using a variety of approaches to finance major capital projects, including debt financing and public-private partnerships (P3s). The City of Edmonton considered the GFOA's best practices in developing a debt management fiscal policy. The session will also include a look at the City of Winnipeg's recent review of P3s opportunities.

Tuesday, June 17, 2008 / 1:55 pm – 3:35 pm


Moderator/Speaker: Michael P. Ruta, CFO, City of Winnipeg, MB
Speaker: Manijeh Khoee, Senior Financial Policy Coordinator, City of Edmonton, AB

Taking Charge of Internal Control: What Every Finance Professional Needs to Know

In the past, public-sector managers and elected officials sometimes took comfort in the mistaken notion that internal control was primarily of concern to the independent auditors. More recently, it has been made increasingly clear that it is managers, rather than auditors, who are primarily responsible for internal control, and that it is the duty of the governing body to oversee management’s performance in this regard. This session will examine what managers and members of the governing body need to know to fulfill their responsibilities.

Wednesday, June 18, 2008 / 8:30 am – 10:10 am


Moderator: Julie A. O’Brien, Controller, Lake County, Waukegan IL
Speaker: Stephen J. Gauthier, Director, Technical Services Center, Chicago, IL

Knowing What to Look for: How To Use a CAFR

A state or local government’s comprehensive annual financial report (CAFR) contains a wealth of potentially useful information on a government’s finances. However, the analytical tools routinely used to evaluate the financial statements of businesses typically cannot be applied to the financial statements of their public-sector counterparts. This session will suggest a practical approach to bridging this analytical gap.

Wednesday, June 18, 2008 / 8:30 am – 10:10 am


Moderator: Phoebe S. Selden, Senior Vice President, Scott Balice Strategies, Chicago, IL
Speakers:  Gregory S. Allison, Assistant Director, University of North Carolina, Chapel Hill School of Government, Chapel Hill, NC

Karl Jacob, Senior Director, Standard and Poor’s, New York, NY


Getting It Right: New Implementation Guidance and Common Reporting Deficiencies

Each year, the Governmental Accounting Standards  Board (GASB) updates its Comprehensive Implementation Guide to address ongoing and evolving practice issues. Likewise, the GFOA’s Certificate of Achievement for Excellence in Financial Reporting Program annually inventories the most common deficiencies encountered in comprehensive annual financial reports (CAFRs).This session will draw on both sources to suggest how individual governments can improve their own financial reporting.

Wednesday, June 18, 2008 / 10:25 am – 12:05 pm


Combined presentation

Moderator: Stacie N. Talbert, CFO, Rockford Park District, Rockford, IL
Speakers: Sarah Bohnsack, Partner, RSM McGladrey, Inc., Davenport, IA

Jake Lorentz, Assistant Director, Technical Services Center, Government Finance Officers Association, Chicago, IL

Stories from the Front: Lessons for Internal Auditors

Internal auditors have a vital role to play in a government’s internal control framework. This session will focus on the experience of public-sector internal auditors, and the practical lessons to be drawn for governments desiring to improve their internal control.

Wednesday, June 18, 2008 / 10:25 am – 12:05 pm


Moderator/Speaker: Cathy Jackson, (presentation) Director, Audit and Management Services, Miami-Dade County, FL
Richard A. Cristini, (presentation) Partner, Jamieson & Cristini, PL, Dunedin, FL

Angela Morelock, (presentation) Partner, BKD CPAs and Advisors, Springfield, MO

Discussion Groups


Canadian GFOA Member Update

This discussion group will identify key financial issues facing governments across Canada. It also will afford delegates a unique opportunity to share information and concerns with the members of the GFOA’s standing Committee on Canadian Issues.

Tuesday, June 17, 2008 / 3:50 pm – 4:50 pm


Discussion Leaders: Dr. Mark R. Gilbert, CEO, Nova Scotia Municipal Finance Corporation, Halifax, NS

Eric Sawyer, City Treasurer and Director of Finance and Supply, City of Calgary, AB 

Dealing with the Fallout from SAS No. 112

No auditing standard in recent memory has had quite the same impact on those outside the auditing profession as Statement on Auditing Standards No. 112, Communicating

Internal Control Related Matters Identified in an Audit.  This discussion group will explore how governments can handle the fallout.

Tuesday, June 17, 2008 / 3:50 pm – 4:50 pm


Discussion Leader: Bert G. Nuehring, Executive, Crowe Chizek, Oak Brook, IL 

Implementing the New Accounting for Intangible Assets

This discussion group will focus on the practical implementation of GASB Statement No. 51,

Accounting and Financial Reporting for Intangible Assets, particularly as the new standard applies to “internally generated assets,” such as costs associated with installing new “off-the-shelf” software.

Tuesday, June 17, 2008 / 3:50 pm – 4:50 pm


Discussion Leader: Michael M. Nielsen, Director, Government Fixed Asset Services, Chicago, IL

Ongoing Statistical Reporting Challenges

The statistical section of the comprehensive annual financial report poses unique and significant challenges to financial statement preparers. This discussion group will consider how to best meet these ongoing challenges.

Tuesday, June 17, 2008 / 3:50 pm – 4:50 pm


Discussion Leader: Frank C. Gambosi, Finance Director, City of Bedford, OH 


OPEB Implementation Issues

Accounting and financial reporting for other postemployment benefits can be daunting, especially for governments preparing to comply for the first time with GASB Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions. This discussion group will seek to resolve some of the most common implementation issues.

Tuesday, June 17, 2008 / 3:50 pm – 4:50 pm


Discussion Leader: Karen Q. Hawkins, Chief Operating Officer, Finance, Montgomery County Government, Rockville, MD