The start date for this course has passed. Registration is no longer available.
In this session, we’ll hear an update on the Division of Local Services’ (DLS) initiatives, including their new Municipal Finance Trend Dashboard, going to an online e-learning platform for “Course 101,” modernizing the Free Cash and Schedule A processes, their approach to early intervention and the work of the Local Government Workforce Skills Gap work group that was convened by the Lieutenant Governor.
Discussion of the options for the use of premiums from the sale of bonds and notes following enactment of the Municipal Modernization Act in 2017.
The GASB Update will cover standards that are effective in the next couple of years including Statements 83, 84, 87, and the newly approved Statement 88. Projects on the Board’s current technical agenda including the reexamination of the financial reporting model and the revenue/expense recognition project also will be covered.
Despite nearing the 20th anniversary since the issuance of GASB-34 in June of 1999, many governments still are receiving findings related to the preparation of financial statements in accordance with GAAP. However, some of these deficiencies are easily fixed, while others may not be. Similar issues also occur with the preparation of the Schedule of Expenditures of Federal Awards and the performance of the Single Audit. In this session we’ll discuss some of the more common deficiencies and how they can be remedied.
In this session, we’ll discuss several statistics, current trends, examples and the impact of cybersecurity/ransomware. We’ll also focus on strategies, general controls and audit areas to consider in mitigating risks around these trends and issues.