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Tuesday 05-26-2020

Reserves and Risk Management 11:00 AM - 12:15 PM

05-26-2020

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Overview

If reserves are a hedge against risk, how do they complement the other risk management tools that local governments have at their disposal? In this session speakers will present case studies on how they have calibrated their reserves to the risks that they face. Speakers will also describe the process used to get there and how the analysis into the various risk factors, and the likely occurrence and impact of each, helped them think about reserves differently and prepare more effective risk management programs for their government and community. 
Agenda and Speakers

Amy J. Davis
Dan Matusiewicz

Conscious Decision-Making: Becoming Aware of Your Inner Storyteller 3:00 PM - 4:40 PM

05-26-2020

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Overview

Everyone, even finance officers, have biases. Some biases reside in our subconscious and are formed through our different life experiences. More importantly, our biases affect the decisions we make. How do we become more aware of them both personally and professionally? Dedicated life coach, trainer, and facilitator, Kenston Henderson Sr., will define what implicit bias is and how we can mitigate it. As the Citywide Training & Development Coordinator, he will also share the implicit bias programming the City of Columbus, OH offers its employees to help understand the diverse perspectives of the community they serve.
Agenda and Speakers

Kenston Henderson Sr.

Wednesday 05-27-2020

Incremental Steps to Move Away from Incremental Budgeting 11:00 AM - 12:15 PM

05-27-2020

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Overview

Incremental budgeting is easy, convenient, and readily accepted as a standard process in government.  But is it the best approach?   Incremental budgeting also makes it difficult to reallocate funding based on current priorities, compare funding to service levels or performance, or facilitate strategic long-term decision making. Unfortunately, many governments never test what is best because changing a  key organizational process is difficult. This session will provide a plan forward using smaller (achievable) steps to build a better budget process.  Speakers will discuss how they were able to initiate efforts to reform the budget process and how they overcame common challenges along the way.
Agenda and Speakers

Patti Hetrick
Brad Harris
Walter C. Rossmann

Leases & Daughters — GASB 87, Leases, and New Guidance on Cloud
Computing and P3 11:00 AM - 12:40 PM

05-27-2020

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Overview

Since issuing GASB 87, Leases, GASB has followed up not only with extensive implementation guidance for that statement but also with guidance on accounting and financial reporting for cloud computing and public-private (and public-public) partnerships that is explicitly based on the leases standard. This session will be an opportunity to review the authoritative literature and hear about governments that have begun or completed GASB 87 implementations. In addition, speakers will present on the similarities and differences between the newer guidance and lease accounting and provide tips that all governments can use to prepare for this next change.
Agenda and Speakers

David R. Bean
Tracie McCreary

Ask the Expert - Fiscal First Aid 1:00 PM - 1:50 PM

05-27-2020

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Overview

Staff from GFOA's Research and Consulting Center will be available to answer questions on Fiscal First Aid techniques, approaches for helping governments balance their budgets during these difficult times. 
Agenda and Speakers

Ken Rust
Mike Mucha
Katie Ludwig
Shayne C. Kavanagh
Greg Devereaux

Help! Our Data Has Been Taken For Ransom! 3:00 PM - 3:50 PM

05-27-2020

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Overview

Ransomware attacks are becoming more frequent in government and each week we learn of additional governments that have become victim to these paralyzing hacks. While governments need to understand risks and prepare preventative strategies, they also must be prepared in the event you fall victim. Do you have a plan when you find your electronic files have become encrypted and cannot be unlocked unless you pay a ransom?  Some governments have elected to give in to the criminals while other governments have decided to fight – often at great cost.  Listen, as your peers and professionals in the industry discuss how to react in the even of ransomware attack, considerations for paying the ransom, other strategies you may have available to deal with this latest threat to our communities. 
Agenda and Speakers

Phil Bertolini MOD
Carolyn Devar

Practice of Leadership 3:00 PM - 3:50 PM

05-27-2020

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Overview

Most of us can recognize a good leader when we see one. Becoming one, however, can be much more challenge. Even after reading some of the best selling books on leadership, attending keynote lectures, or working with a leadership coach, many find it difficult to apply these principles into their day to day work.   In this session, speakers will translate leadership theory into practice by providing practical and actionable steps to help you develop as a leader and integrate leadership into your organization. 
Agenda and Speakers

Ben Fauske Beth Aldana

Thursday 05-28-2020

Bridging the Gap: Best Practices for Audit Committees 11:00 AM - 11:50 AM

05-28-2020

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Overview

An audit committee provides an independent review and oversight of a government's financial reporting processes, internal controls, and independent auditors. GFOA's best practice guidance recommends that all governments establish an audit committee. This session will be based on GFOA's best practice statement and will provide answers to frequently asked questions on audit committees including: what should the committee do, who should serve and how much financial knowledge is required to serve, how often should the committee meet, what is the proper level of funding, and more. 
Agenda and Speakers

Brian W. Caputo, Ph.D., C.P.A.
Lenny Moore, CPA, MBA, CGFM

Matching Investment Strategy to the New COVID-19 Landscape 11:00 AM - 12:15 PM

05-28-2020

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Overview

Finance officers must stay aware of the many factors that impact a government's investments, especially given the new investment landscape in the wake of the COVID-19 crisis. While the core principles of an investment strategy–liquidity, safety, and return–rest within a government’s investment policy, knowing about market conditions, current events, and investment products are important to ensure your entity's access to liquidity as well as maintain longer-term investment strategies. Speakers for this session will provide an economic update and expert predictions on interest rates and other factors related to government investing, provide an overview of new products that are being used by your peers, and engage in conversation about what governments need to do in order to prepare for investing post-COVID-19 crisis and in the years ahead.
Agenda and Speakers

Darrel Thomas
John M. Huber, CFA
John Strahlman
Hubie White

Asset Management: The Bedrock of Your Community 3:00 PM - 4:15 PM

05-28-2020

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Overview

Capital infrastructure underpins the vitality of our communities. However, the investments required for good infrastructure are substantial. Effective asset management practices allow a local government to get the most bang for the buck across the asset’s life cycle. They also protect original investments in infrastructure by adequately maintaining assets. In this session, you will learn how different types of local governments have put in place strong asset management practices while respecting resource constraints. 
Agenda and Speakers

Joe Costello
Jason D. Greene
Ashay Prabhu

Seeking Clarity with Transition from LIBOR 3:00 PM - 4:40 PM

05-28-2020

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Overview

Starting in 2022, the Secured Overnight Financing Rate (SOFR) will replace the London Interbank Offered Rate (LIBOR) as the benchmark for derivative and swap transactions in the municipal market. This session will summarize work done so far by representatives from GFOA to the Alternative Reference Rate Committee (ARRC) on the transition to the alternative rate. Speakers will also discuss how governments can understand their potential exposure and the complexities of the conversion process to inform on how all finance officers should approach existing and future transactions.
Agenda and Speakers

Patrick J. McCoy
Seema Mohanty
Cindy Harris
Readie Callahan
Jay Goldstone

Friday 05-29-2020

StartUp.Gov 11:00 AM - 11:50 AM

05-29-2020

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Overview

Technology infrastructure has traditionally been left to the private sector. However, as technology becomes more integrated into our lives, it has become an indispensable utility. Citizens of communities without adequate technology infrastructure could find themselves with reduced educational and economic opportunities. This session will explore the role local government has in investing in technology infrastructure, either by encouraging private investment or through public investment. 
Agenda and Speakers

Brandon Kauffman
Mike Caffrey

FEMA Disaster Management Guide 11:00 AM - 12:40 PM

05-29-2020

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Overview

Virtually all communities are susceptible to some unexpected events that can put a strain on daily life. When disaster occurs resources need to be made available immediately so recovery and repair can begin. But how do you know if your jurisdiction is prepared? What is required to successfully navigate the financial needs that a disaster can bring? FEMA experts will provide an overview of the Disaster Financial Management Guide, provide a presentation on their new Just In Time Training program, and practitioners at the local level will share how their experience has affected preparedness in their communities.
Agenda and Speakers

Michael Thomas
Eve Helms
Allen King

Addressing Economic Risks and Opportunities of Climate Change for
Local Governments 3:00 PM - 4:40 PM

05-29-2020

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Overview

Climate change is real, but the type of change that governments will encounter and the severity of impact will likely differ. This session will explain how climate change impacts will be felt at a local level and discuss projected scenarios across the United States and Canada. As we continue to witness changes to sea-level, frequency of flooding or drought events, severe weather intensity, and long-term weather patterns, finance officers must understand the implications of climate change upon the health, security and economic vitality of their communities, and prepare those professionals to better manage financial risks and seize related opportunities. Speakers will identify key threats, mitigation strategies, and solutions so governments can start reacting on a local level to these global environmental trends.   
Agenda and Speakers

Matt Hochstein
Chris Castro
Mark Belton
Lindene Patton
Daniel Kreeger