The U.S. Supreme Court’s announcement that it will hear a South Dakota case this spring involving the collection of sales taxes from online retail sales is expected to break the current gridlock on an issue that has divided members of Congress.
Pension-related balance sheet and income statements have become increasingly volatile, while regulatory requirements have expanded and become more complex, heightening the risks of incurring large costs.
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.
As systems become integrated and more government information is housed on the internet, finance officers must be aware of the security risks and mitigating strategies for safeguarding sensitive information.
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.
ERP systems traditionally have focused on finance, procurement, human resources, and payroll. However, governments do much more than what has been labeled as the "core" scope for an ERP project. Governments building a truely integrated system are able to connect with treasury management, utility billing, permitting, work management, inventory, tax systems and more. Attend this session to learn how to create a more efficient enterprise wide system that leverages your ERP system and provides opportunities for other departments throughout the organization.
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.
The cloud is no longer a novelty. The number of mature cloud customers is growing and the entire market is evolving creating both significant benefits for government, and lessons learned to discover both strengths and weaknesses.
Local governments offer financial incentives to private firms in hopes of encouraging development, creating jobs, and enhancing the local tax base, which will ultimately improve the community. However, the effectiveness of many of these incentives are questionable.
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.
The market has seen greater fluctuations over the last year than in the recent past. Experts will address the factors that are affecting the market and the types of products that are being used by governments to manage a changing interest-rate environment.
GFOA recently released best practices on many facets related to a government’s investment program, stressing the importance of having robust and clear investment policies. This session will be split into two parts.
Public participation in government is an essential part of our democratic tradition. Local government, as the government closest to the people, is uniquely positioned to rehabilitate our democratic capacities.
How do you use your budget process to best align resources and student outcomes? Strong collaboration between the finance and academic teams is a starting point and plays a crucial role in GFOA's Best Practices in School Budgeting for improving your district's budget process.