Small But Strong: Best Practice Implementation for Small Governments

CPE Credits: 
1
Session Time: 
Monday, May 22, 2017 - 1:30pm to 2:20pm
Room: 
505-507
Speakers: 
Moderator
Finance Director
City of Sandy, OR
Speaker
Acting Director, Technical Services Center
GFOA
Speaker
Chief Financial Officer
City of Plant City, FL
Speaker
Administrative Director
Whitman County, Washington State
Field of Study: 
Accounting – Governmental
Description: 

In many ways, small governments face very similar challenges to their larger peers in dealing with complex public finance issues. However, they also face the pressure of meeting those needs without external consultants, a large internal staff, or expensive technology investments. This session will feature several of GFOA's best practice statements in accounting, financial reporting, budgeting, and treasury management, and provide practical implementation tips for small governments. This session will also highlight GFOA's awards program designed to help governments that prepare their financial statements on a basis other than GAAP (cash basis, modified cash basis, regulatory basis) both to improve the quality of their financial reports and receive recognition for their achievement. GFOA has long promoted generally accepted accounting principles (GAAP) as the norm for excellence in state and local government financial reporting. At the same time, GFOA recognizes that for many very small governments the preparation of annual financial statements in conformity with GAAP is not a viable option. To help meet the special needs of these governments, the GFOA has established an awards program designed to help governments that prepare their financial statements on a basis other than GAAP (cash basis, modified cash basis, regulatory basis) both to improve the quality of their financial reports and receive recognition for their achievement.

Agenda: 
Slides: 
Calendar Appointment: