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GFOA Newsletter
April 21, 2016
Making the Connection between Financial Resiliency and Risk Awareness

Facing uncertainty and risk is an important part of financial management, requiring governments to develop their financial plans and budgets in a way that recognizes these risks and includes mitigation strategies. Find out about the tools and techniques other jurisdictions have developed at A Financially Resilient Organization is a Risk-Aware Organization, Sunday, May 22, 2016, from 2:40 to 3:30 p.m., at GFOA’s annual conference in Toronto. For example, the City of Redmond, Washington – the first U.S. city to apply probabilities to its forecast and budget in order to create a financially resilient organization – will discuss the policy framework and decision-making systems it uses to pull it all together. 

Take a look at all the sessions being offered at GFOA's annual conference. 

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Association News
Don’t Delay − Register Today for GFOA’s Annual Conference

The countdown is on for GFOA’s 110th Annual Conference, Sharing Solutions and Strategies, which will be held May 22-25 in Toronto, Ontario, Canada. If you have not yet registered, sign up now to join your peers in learning the latest developments, trends, and best practices in each major facet of public finance. View this year’s session descriptions and preconference seminars. Register today.

First-time annual conference attendee scholarships are available for GFOA active government members who have never attended a conference. Fifty scholarships will be awarded per state and province, in the order the applications are received. Please note that Ontario has reached the maximum awarded scholarships. E-mail First Annual Conference for details and an application.

If you are unable to attend the full conference or are interested in sending junior staff to participate, take advantage of the one-day rate registration fee on May 23 or 24. Click here for registration information.

We look forward to seeing you in Toronto soon. If you have questions about the conference, go to GFOA’s FAQs or contact GFOA.

Travel Resources

After you register for the conference:

  • Reserve your housing online through GFOA’s official hotel block.
  • Toronto is Canada’s largest city and the fourth largest in North America, making travel to Toronto easy.
  • Take advantage of a favorable exchange rate.
  • Don’t miss this year’s tours!    
  • All delegates traveling to Toronto from the United States will need a passport.
    Click here for information on accelerated processing. 
  • U.S. citizens driving to Toronto will need one of the following to get back into the United States: U.S. passport, passport card, enhanced driver’s license, Trusted Traveler Program card (Nexus, Sentri, Fast), U.S. Military ID card (when on official orders), U.S. merchant mariner document (when traveling in conjunction with official maritime business), or form I-872 American Indian Card.

Click here for more information.

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There’s Still Time to Save 25% on GFOA Publications in April

Whether you are new to the finance profession or a career veteran, GFOA has the resources you need to meet your professional goals. Check out “must-have” publications including Governmental Accounting, Auditing, and Financial Reporting (GAAFR), the GAAFR Supplement, and GFOA’s popular Elected Official’s Guides.

Save 25% when you order by April 30. Download the publication order form to mail, fax, or scan and e-mail to GFOA. Enter promotional code GFOASpring on the order form.(The offer expires on April 30, 2016. This discount cannot be applied when ordering online using GFOA’s e-store. The offer applies to new publication orders only and cannot be combined with any other discount.)

If you have any questions, e-mail GFOA Publications.

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Jurisdictions Win Distinguished Budget Presentation Award for First Time

The following jurisdictions are first-time winners of GFOA’s Distinguished Budget Presentation Award: Camden County Board of Commissioners, Georgia, and Sherburne County, Minnesota.

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News Links
New Bond Issuance Remains Low in Large U.S. Cities

Governments tend to increase their bond issuance after an economic downturn, taking advantage of low interest to meet infrastructure (and otherwise) needs that were deferred when budgets were squeezed. Since the end of the Great Recession, however, borrowing in 30 large U.S. cities was notably different from past recoveries, according to an analysis by the Pew Charitable Trusts. Through 2014, Pew’s analysis found, new money bond issuances across these cities dipped to their lowest point in more than 20 years. “Persistently low revenue and uncertain futures may be two reasons that cities have responded to the Great Recession differently from previous downturns,” the analysis says, adding that “the availability of bank loans probably means that the numbers do not fully capture the extent of the cities’ borrowing.” 

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eBook Series Addresses Career Development through Leadership

The ICMA’s three-part Leadership in Local Government eBook series focuses on helping communities achieve organizational excellence through leadership. Part one covers the levels of managing yourself and personal effectiveness, including communication and listening, collaboration and influencing, time management and planning, and effective strategies for local government leaders; and how to elevate your skills and get you one step closer to developing organizational excellence.

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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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