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GFOA Newsletter
July 28, 2016
Implementing the Affordable Care Act

It’s a work in progress—that’s how a new brief from the 40-state ACA Implementation Research Network, a project jointly operated by the Rockefeller Institute and the Brooking Institution, describes ACA implementation so far. Among the brief’s findings: Medicaid enrollments have exceeded early forecasts, as many people who had been eligible for Medicaid only learned of their eligibility when checking on the exchanges.

GFOA’s Complying with the Affordable Care Act best practice provides tips on establishing the monitoring process, including staffing levels and expertise, employee communications, maintaining grandfathered status, complying with the requirements, and segregating retiree health-care plans. 

Read More.
Association News
GFOA Seeking Finance Officers to Help Develop Best Practices—Share Your Expertise by Joining a Standing Committee

Applications to become a 2016 standing committee member are being accepted through July 29. Serving on a standing committee is an excellent opportunity for GFOA members to contribute their experience and knowledge to the entire membership. GFOA’s seven standing committees meet twice each year and develop best practices, advisories, and policy statements. GFOA associate members from the private sector may also apply to be committee advisors.

We invite you to submit your application to one of GFOA’s seven standing committees: Accounting, Auditing, and Financial Reporting; Canadian Issues; Economic Development and Capital Planning; Governmental Budgeting and Fiscal Policy; Governmental Debt Management; Retirement and Benefits Administration; and Treasury and Investment Management.

Read More.
Build Your Budgeting Skills

Budgeting functions as a practical tool for setting policy, establishing priorities, promoting effectiveness and efficiency in operations, and ensuring both financial and programmatic accountability. GFOA’s first annual Better Budgeting web-streaming event on October 6, 2016, with an encore presentation on January 12, 2017 (both from 2 p.m. to 4 p.m., Eastern) is designed to equip those on the front lines of local budgeting to build on their skills by participating. This two-hour web-stream event will combine lecture, panel discussion, and examples to communicate and reinforce the key policies and critical procedures presented. Earn 2 CPE credits with your participation. Click here for more information and to review an agenda.

Save with group discounts. (Please type your information on the October Group registration template or January Group registration template and save it. Please e-mail it to GFOA Training with your registration form or fax it to GFOA.)

Register today. Download the brochure and registration form or Register online. If you have any questions about the training, contact GFOA.

Read More.
Learn the Latest at GFOA’s GAAP Update

Get up-to-date on a year’s worth of developments in accounting and financial reporting with GFOA’s GAAP Update.

Whether you’re new to government or a career veteran, learn everything you need to know about the most recent developments in accounting and financial reporting for state and local governments, including the latest GASB statements, exposure drafts, and implementation guidance, at GFOA’s 21st Annual Governmental GAAP Update web-streaming event. The training will take place on November 3, 2016, with an encore presentation on December 1, 2016 (both from 1 p.m. to 5 p.m., Eastern). Earn 4 CPE credits with your participation.

Take advantage of early and group registration discounts:

  • Sign up by September 30 for an early registration discount on the November offering (or register by November 8 to save on the registration fee for the December offering).
  • Make a day of it and build an event around this offering as an affordable way to train staff and/or educate clients. Sign up with your colleagues and save with group pricing. (Please type your information on the November Group registration template or December Group registration template and save it. Then e-mail it to GFOA Training with your registration form or fax it to GFOA.)

Register today. Download the brochure and registration form or register online. If you have any questions about the training, contact GFOA.

Read More.
News Links
Debate over Publicly Funded Stadiums Continues

Public officials—and others—often argue that the public expense that goes into sports arenas is justified because these venues are economic engines for the neighborhood, city, and region. Funding comes from bonds, additional taxes, and so on. For example, when a new stadium for the Rams in Inglewood, California, was announced (to be paid for by the team’s owner, in this case), Moody’s Investment Service said the move would boost the Los Angeles suburb’s sagging economy. At the same time, “many economists maintain that states and cities that help pay for new stadiums and arenas rarely get their money’s worth,” according to an analysis by Pew Trusts. The promised new jobs created are temporary construction jobs or usher and concession spots for far less than 40 hours a week. “Furthermore, when local and state governments agree to pony up money for stadiums, taxpayers are on the hook for years—sometimes even after the team leaves town,” the analysis noted. 

Read More.
Governments Need to Be Resilient, and So Do their Employees

The idea that “the longer we tough it out, the tougher we are” is scientifically inaccurate, according to research cited by the Harvard Business Review. “Research has found that there is a direct correlation between lack of recovery and increased incidence of health and safety problems.” The article concludes that “the key to resilience is trying really hard, then stopping, recovering, and then trying again,” and “if you have too much time in the performance zone, you need more time in the recovery zone, otherwise you risk burnout.” To build resilience at work, “you need adequate internal and external recovery periods.” The article concludes that “If you really want to build resilience, you can start by strategically stopping.” 

Read More.
Learn How to Better Define Your Customer

To provide the best service for your customers, you’ll need to break them out in greater detail than “the public.” One strategy, employed by the Census Bureau, involves creating a “use case”—by researching and understanding the perspective of the user or customer—to prevent you from making assumptions about what they want or need. The process involves asking questions like who needs the information, how will they use it, what’s the best way to get the information into their hands, and how can the information be translated into language these users will be comfortable with?

Read More.
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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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