Relief and Recovery/Infrastructure Panel
Join GFOA’s COVID-19 Rescue, Relief and Recovery Panel featuring a national perspective on the fiscal challenges resulting from the ongoing public health crisis, and a discussion to shed light on the policy tools already in place and those being debated at the federal level to ensure a successful recovery.
Date and Time: July 12, Noon (Eastern)
Zoom Towns: The Impact of Remote Work on Our Communities
With the onset of COVID-19 some employees, now working remotely, opted to move out of large urban metros areas into smaller towns. This migration led to a financial impact in both areas. How did these small towns address a large and unplanned demand for service? What was the impact on tax revenues, property values, and the economy? Speakers will also explore what this means for those areas if the trend continues. Going forward, all finance officers can learn form these experiences and help you be better prepared for the next large change in your community.
Date and Time: July 13, 2 p.m. (Eastern)
Will it Ever Be Enough?: Considerations for Voluntary Issuer Disclosure
Issuers active in the municipal bond market are no strangers to the pressure for providing up to date financial information, especially in light of COVID-19. This session will highlight opportunities for voluntary disclosure to the market and how issuers should evaluate the amount and type of information being disclosed. Panelists will also discuss how to leverage your financing team in making those decisions.
Date and Time: July 14, 2 p.m. (Eastern)
2021 GFOA Federal Update
The effects of the COVID-19 pandemic have been felt by communities throughout the country. Upon the enactment of the CARES Act, Congress infused just over $2 trillion in various sectors in the economy including $150 billion to state and local governments. The Second stimulus infused another $900 billion into the economy. In this session, we will discuss lessons learned from the already-appropriated funds and discuss the potential for more stimulus funding on the horizon for state and local governments to help offset anticipated steep declines in revenue. Additionally, staff from GFOA's Federal Liaison Center will review current proposals and potential for infrastructure and municipal market policy efforts in the 117th Congress.
Date and Time: July 15, 11 a.m. (Eastern)
Leveraging Technology to Help with Essential Treasury Functions
The COVID-19 pandemic has caused many governments to address their technology needs and look for alternatives to existing in person or paper based approaches for managing the treasury function. Citizens, vendors, and the government itself can benefit from online technology resources for making and receiving payments. This session will discuss GFOA best practice recommendations, technology options available to governments from both a payables and receivables perspective, and lessons learned from practitioners who have worked to implement new technologies in the treasury department.
Date and Time: July 19, 11 a.m. (Eastern)
Who CARES? Single Audit and Reporting Implications of the CARES Act and Other Federal Grants for COVID
While providing state and local governments with critical funding for COVID related expenditures and to offset revenue loss from the economic shutdown, the federal government has also created an evolving set of rules and regulations for recipients to follow. In this session, speakers will hopefully demystify available guidance on COVID-related grants to help you prepare financial statements, schedules of expenditures of federal assistance. Additionally, staff from GFOA will discuss our interaction with federal agencies and highlight several user tools available to better understand the requirements you may be facing.
Date and Time: July 20, 2 p.m. (Eastern)
Budgeting for the Unexpected: Leveraging Stress Tests to Promote Resiliency
The COVID-19 pandemic and resulting economic crisis is the latest in a revolving door of events that have had significant impacts for governments and their ability to budget and provide for the continuity of services. Too often governments have relied upon staid long-term financial plans with minor incremental adjustments for annual growth/retraction for revenues and expenditures. With these regular challenges, how can governments better prepare to help identify their budget vulnerabilities and plan for addressing these gaps in order to build financial resiliency? This session will focus on the importance of stress tests, where to get started, how to choose scenarios, strategies for refining your approach and better using information to make decisions. Making stress tests a regular part of long-term financial planning will have impacts throughout your organization's financial and operational plans.
Date and Time: July 22, 11 a.m. (Eastern)
Show Me the Money: Trends in Compensation and Benefits Administration
Compensation and benefits are seen as important considerations for recruitment and retention and for many local government personnel costs can exceed seventy to eight percent of the operating budget. This session will explore both current trends in public sector compensation and current challenges in administering payroll. Specifically, speakers will highlight how the COVID-19 pandemic has changed payroll administration and how to deal with remote employees, taxable benefits, grant reporting, and out-of-state employees.
Date and Time: July 23, 11:45 a.m. (Eastern)