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GFOA Newsletter
January 14, 2016
EMPLOYMENT ADS  |  TRAINING  |  BEST PRACTICES
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General Fund Reserves Help Boost Bond Ratings

Since the recession of 2008, economic conditions have fluctuated between adequate and poor for the City of Elgin, Illinois, but it has been able to stabilize its bond rating through strong financial policies – most notably, those governing its general fund reserve levels.

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Association News
DON'T DELAY
Register by January 28 for Early Bird Discount on GFOA’s Annual Conference

Register by January 28, 2016, to save with a discounted early registration fee for GFOA’s 110th Annual Conference, Sharing Solutions and Strategies, May 22−25, 2016, Toronto, Ontario. The conference will feature educational sessions on topics related to accounting and financial reporting, auditing, budgeting, capital planning, debt administration, economic development, pension and benefit administration, and treasury and investment management. 

Go to GFOA’s website and click on the “Annual Conference” tab to register for the conference and access the brochure, reserve your housing online through GFOA’s official hotel block, and sign up for tours.

In addition, 50 scholarships will be awarded per state or province in the amount of the full-conference registration fee to first-time conference attendees who are GFOA active government members. To learn more about this opportunity and to apply, please e-mail First Annual Conference.

If you have any questions on the conference, contact GFOA.

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Don't Forget Your Passport

All delegates traveling to Toronto from the United States will need a passport. Please plan ahead; obtaining a passport can take 4-6 weeks.

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Lend Your Support to Preserve the Tax Exemption on Municipal Bond Interest

As Congress and the White House return to discussions on comprehensive federal tax reform in 2016, GFOA is urging our members to help engage federal lawmakers regarding the need to preserve the tax exemption on municipal bond interest. In addition to the resources already available for your use on our federal government relations page, GFOA is urging members to sign their jurisdictions onto this letter to the leaders of the House and Senate tax writing committees, expressing support for the tax exemption. Beyond GFOA’s membership, the letter is also being distributed by our colleagues at the National League of Cities, U.S. Conference of Mayors, National Association of Counties, and the National Association of State Treasurers. Our aim is to secure the support of hundreds of jurisdictions on this letter to demonstrate to Congress the immense support for this provision of the tax code. Jurisdictions that are interested in signing on should contact Emma Heydlauff by February 15.

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Register to Hear 2016 Outlooks From Rating Agencies

On January 20, GFOA will host a webinar from 2-4 p.m. (Eastern) at which representatives from Moody’s Investors Service, Standard & Poor’s Ratings Services, and Fitch Ratings will provide an overview of their 2016 Outlooks for state and local government credits, as well as taking questions from webinar participants. GFOA’s new best practice, Using Credit Rating Agencies, will also be discussed.

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This April: GFOA’s Popular Accounting Academy
Network with Other Accountants and Auditors Who Are New to the Public Sector

Accountants and auditors who are new to the public sector face the immediate and daunting challenge of familiarizing themselves with the highly specialized rules, guidelines, and practices applicable to state and local governments. This intensive five-day workshop is intended for those who already possess at least a basic knowledge of private-sector accounting and will combine lecture, discussion, and exercises to help newcomers make this difficult, but essential, transition.

The course will be offered April 11−15, 2016, at GFOA’s offices in Chicago, Illinois. Earn 32 CPE credits with your participation. Click here for details and to register today.

Contact the GFOA with any questions on the training.

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Save on All GFOA Publication Orders in January

Take 20.16% off on all GFOA publication orders for the month of January! Visit GFOA’s publication webpage to check out “must-own” publications including Governmental Accounting, Auditing, and Financial Reporting (GAAFR), GAAFR Supplement, and GFOA’s popular Elected Official’s Guides (recent releases include An Elected Official’s Guide: Internal Control).

Download the publication titles listing and mail or fax the enclosed order form to the GFOA or scan and e-mail the order form to GFOA Publications. Enter the promotional code GFOA2016 on the order form.

This offer expires on January 31, 2016. The discount cannot be applied when ordering online using GFOA’s e-store. Offer applies to new publication orders only and cannot be combined with any other discount.

For more information on GFOA’s publications, contact GFOA.
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New CPFOs Announced

The following individuals earned the Certified Public Finance Officer (CPFO) designation in fall 2015: Nancy Berns, Senior Accountant, Water District No 1 of Johnson County, KS; Judith Dinkel, Accounting Manager, Douglas County, CO; Matt Efird, Budget Administrator, Greenville, SC; Deirdre Finneran, Deputy Finance Director, County of Fairfax, VA; Dalin Hackett, Treasurer, Midvale City, UT; Laurie Harvey, Director of Administrative Services, Midvale City, UT; Andrew Hoffman, Sr. Financial Analyst, Water One, KS; Thomas Lannom, Revenue Division Director, Portland, OR; Jeremy Morgan, Accountant 2, Salem, OR; Jonathan Munch, Director of Finance, Fauquier County Government & Public Schools, VA; Barbara Rua, Financial Analyst, Town of West Hartford, CT; Dominique Simmons, Finance Manager, El Paso County, CO; and Lori Van Curen, Senior Accountant, Roanoke Higher Education Authority, VA.

There are now 630 CPFOs.

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News Links
Civic Labs Provide New Sources of Government Innovation

One source of innovation in local government is coming from civic innovation labs, platforms that connect citizens with each other and with government to share ideas, define community problems, and find solutions. Cities are increasingly learning to work with these groups, which are initiated by governments, non-profits, universities, private companies, citizens, or some combination thereof.

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Editor: Marcy Boggs  |  Executive Director/CEO: Jeffrey Esser

The GFOA Newsletter (ISSN 1051-6964) is published weekly by
the Government Finance Officers Association of the United States and Canada.
Correspondence regarding editorial and/or business matters should be sent to
GFOA, 203 N. LaSalle St., Suite 2700, Chicago, IL 60601-1210. Phone - 312/977-9700 FAX - 312/977-4806.

 


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