Government Finance Review

Magazine covers financial management for state and local government through articles and commentary on best practices, management and more.

Articles from Vol. 26, No. 4, August

Auditor Independence in the Public Sector
[ILLUSTRATION OMITTED] State and local governments serve a variety of stakeholders. Some of these (such as creditors and regulatory agencies) are very similar to the kinds of stakeholders found in the private sector, while others (such as citizens...
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Calendar
foa events]SeptemberDesktop Training8 What Every Finance Professional Needs to Know about Internal Controls1 5 Developing Policies and Programs to Meet GoalsPhoenix, Arizona20 Evaluating Internal Controls20 Understanding and Calculating Arbitrage Rebate21...
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Crisis and Innovation: Let the Bad Times Roll
Innovation appears to flourish in agencies under enreme pressure.For its first several years, the Harvard Kennedy School program to celebrate public-sector breakthroughs was called Innovations in Stale and Loco! Government. In the mid-1990s, eligibility...
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Crisis and Innovation: Let the Bad Times Roll: Innovation Appears to Flourish in Agencies under Extreme Pressure
For its first several years, the Harvard Kennedy School program to celebrate public-sector breakthroughs was called Innovations in State and Local Government. In the mid-1990s, eligibility was opened to federal applicants, though without any expectation...
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Economic Trends
Many people are paying more attention to economic trends than they did before the credit meltdown. The GFOA's new Long-Term Financial Planning blog provides frequent updates on important issues and topics of interest, including a monthly summary of...
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Finance Reform Act Affects State and Local Governments in Many Ways
The Wall Street Reform and Consumer Protection Act includes many provisions related to municipal securities, as well as new regulations for advisors hired by state and local governments.On July 2 1 .2U! (!,President Obama signed the Wall Street Reíorm...
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Finance Reform Act Affects State and Local Governments in Many Ways: The Wall Street Reform and Consumer Protection Act Includes Many Provisions Related to Municipal Securities, as Well as New Regulations for Advisors Hired by State and Local Governments
On July 21, 2010, President Obama signed the Wall Street Reform and Consumer Protection Act (PL 111-203, known as the Dodd-Frank Act). The law brings sweeping changes to the nation's financial services industry, including new financial product consumer...
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Innovative Programs Help Governments Cope with Generational Change
We must adapt our methods to best reach the talented upcoming generation of public servants and finance officials, and continue to get the best from more expenenced public servants.Adapted from the GFOA's Generational Change Task Force Report, available...
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Innovative Programs Help Governments Cope with Generational Change: We Must Adapt Our Methods to Best Reach the Talented Upcoming Generation of Public Servants and Finance Officials, and Continue to Get the Best from More Experienced Public Servants
Adapted from the GFOA's Generational Change Task Force Report, available as a downloadable PDF at www.gfoa.org. While state, provincial, and local governments have been busy in recent years addressing an array of challenges, an issue has been lurking...
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Modified Accrual: Decision-Useful & Accountability-Centered
[ILLUSTRATION OMITTED] Governmental Accounting Standards Board (GASB) Concepts Statement No. 1, Objectives of Financial-Reporting, states that the purposes of financial reporting are public accountability and usefulness for making economic, social,...
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'Once a Budgeter, Always a Budgeter'
Five reviewers for the GFOA's Distinguished Budget Presentation Awards Program explain why their interest in and dedication to budgeting continues after they've retired.The GFOAs Distinguished Budget Presentation Awards Program - which encourages and...
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'Once a Budgeter, Always a Budgeter': Five Reviewers for the GFOA's Distinguished Budget Presentation Awards Program Explain Why Their Interest in and Dedication to Budgeting Continues after They've Retired
TPe GFOA's Distinguished Budget Presentation Awards Program--which encourages and assists state and local governments in preparing budget documents that are of the highest quality and reflect both the guidelines established by both the National Advisory...
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Optimizing ERP in Your Organization
[ILLUSTRATION OMITTED] This article is the second in a series on what a jurisdiction needs to do in order to maximize its return on investment in an enterprise system. The first article in the series was "Making an Enterprise System Work for Your...
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[President's Message]
Let me start by saying how proud and humbled I am to lead such an impressive organization as the GFOA. Throughout its 10-1-year history, the GFOA has continued to raise the bar on the government finance profession, and I will do whatever I can to contribute...
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President's Message
Let me start by saying how proud and humbled I am to lead such an impressive organization as the GFOA. Throughout its 104-year history, the GFOA has continued to raise the bar on the government finance profession, and I will do whatever I can to contribute...
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Proposed Changes in Employer Accounting for Pensions
The GASB proposes to substantially modify how state and local governments account for the costs of providing pension benefits to their employees.In mid-June, the Governmental Accounting Standards Board (GASB) issued its Preliminary Views (PV) on Pension...
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Proposed Changes in Employer Accounting for Pensions: The GASB Proposes to Substantially Modify How State and Local Governments Account for the Costs of Providing Pension Benefits to Their Employees
In mid-June, the Governmental Accounting Standards Board (GASB) issued its Preliminary Views (PV) on Pension Accounting and financial Reporting by Employers. In the PV, the GASB proposes to substantially modify how state and local governments account...
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Provo Brings Employees and Citizens Together to Identify Budget Cuts
Recommendations from teams of employees and citizens helped the City of Provo make surgical cuts that balanced the budget during these difficult economic times.The City of Provo, Utah, has aken a unique approach to its budget process this year - a team...
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Provo Brings Employees and Citizens Together to Identify Budget Cuts: Recommendations from Teams of Employees and Citizens Helped the City of Provo Make Surgical Cuts That Balanced the Budget during These Difficult Economic Times
The City of Provo, Utah, has ken a unique approach to its budget process this year--a team approach that uses partnerships between employees and residents. Given the fiscal challenges the city was facing when its new mayor was elected in November 2009,...
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Putting the Pieces Together: Revised Criteria for Defining the Financial Reporting Entity
[ILLUSTRATION OMITTED] The Governmental Accounting Standards Board (GASB) recently issued an exposure draft (ED), The Financial Reporting Entity, an amendment of GASB Statements No. 14 and No. 34, to modify the definition of the financial reporting...
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Rethinking the Costs and Benefits of Performance Management
Many organizations assume that performance management is basically a stand-alone program. In reality, performance management is a crucial element within many best practice standard government processes.In organizations that aren't using performance management,...
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Rethinking the Costs and Benefits of Performance Management: Many Organizations Assume That Performance Management Is Basically a Stand-Alone Program. in Reality, Performance Management Is a Crucial Element within Many Best Practice Standard Government Processes
In organizations that aren't using performance management, finance officers are often asked to demonstrate the benefits of such a system relative to the costs. It isn't especially difficult to estimate the costs of establishing and maintaining a system....
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State and Local Government Employment Up in 18 States
State and local government employment is down for April through June in 31 states, relative to year-earlier levels, but 18 states showed larger-than-average gains, according to the Nelson A. Rockefeller Institute of Government. State government employment...
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State and Local Government Employment Up in 18 States
State and locai government employment is down for April through June in 31 states, relative to year-earlier levels, but 18 states showed iarger-than-average gains, according to the Nelson A. Rockefeller Institute of Government. State government employment...
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The Finance Officer's Role in Doing More with Less
2010 Annual Conference RecapThe GFOA held its 104th Annual Con fere n ce, "The Finance Officer's Role In Doing More With Less," in Atlanta, Georgia. More than 4,000 people attended the conference at the Georgia World Congress Center on June 6-9,2010.GENERAL...
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The Finance Officer's Role in Doing More with Less: 2010 Annual Conference Recap
The GFOA held its 104th Annual Conference, "The Finance Officer's Role In Doing More With Less," in Atlanta, Georgia. More than 4,000 people attended the conference at the Georgia World Congress Center on June 6-9, 2010. GENERAL SESSIONS John...
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The GFOA's New President-Elect and Executive Board
The Government Finance Officers Association is governed by an 18-member executive board, which consists of 15 members-at-large serving staggered three-year terms, the current president, the previous year's president, and the president-elect. At the...
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The GFOA's New President-Elect and Executive Board
The Government Finance Officers Association is governed by an 18-member executive board. which consists of 15 members-at-large serving staggered three-year terms, the current president, the previous years president. and the president-elect. At the association's...
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Why Fund Wi-Fi?
[ILLUSTRATION OMITTED] Note: The City of Rock Hill, South Carolina, received an honorable mention in the GFOA's 2010 Awards for Excellence in Government Finance for its municipal Wi-Fi program. For years, the City of Rock Hill, South Carolina,...
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