Date: Friday, June 22, 2018
Time: 8:00 am - 5:00 pm
Site Contact: Jennifer Wakeman, JWakeman@lovelafayette.org
Registration Deadline: June 15, 2018
3491 Mt. Diablo Blvd
Lafayette, CA 94549
Questions on Training Contact: CSMFO, 877-282-9183, firstname.lastname@example.org
This class is targeted to individuals who have new or expanding responsibilities for government accounting and finanicial reporting. It is also appropriate for individuals that have some accounting background, but may be new to the government sector. A signficant portion of the class is focused on planning and executing the year end close process. Each attendee will earn 8 CPE credits, and will receive a certificate of completion at the conclusion of the class.
Instructor: Susan Mayer
Susan Mayer is a retired city finance professional with twenty-five years of public agency and government auditing experience. She currently maintains a consulting practice providing financial project support to California cities.
1. Overview of Governmental Financial Statements
The class will start with a walk-through of a City CAFR. Participants will look at examples of the fund accounting structure and discuss what readers look for in the financial statements. Participants are encouraged to bring a recent copy of their agency's financial statements for reference.
2. Oversight Agencies: Who sets the Standards?
The class will discuss the regulatory agencies that define the government accounting environment in which Cities operate.
3. Grant Accounting
With constrained tax revenues, cities often benefit from third party grants to finance projects and operations. The class will discuss various types of grant programs, administrative requirements, and the accounting entries necessary to allocate costs and revenues between fiscal years.
4. Year-end Close
Planning and organization are keys to a successful year-end close. The class will provide an overview of the year-end close process and discuss a work plan to efficiently navigate cut-off dates, build the year-end balance sheet, analyze the funds, compile the CAFR, facilitate the audit, and report to stakeholders.
5. Current Events and Questions from the Class
The class will finish with a group discussion of current events in the industry and questions from the class. Attendance will be limited to 50 people. All fees must accompany your registration and be received by the June 15th deadline.
Classes are subject to cancellation within 2 weeks prior to the event if a minimum number of 18 registrations is not obtained. Please contact the CSMFO office for details.