Enterprising Accounting: Business-Type Activities and Proprietary Funds
Recorded On: 05/20/2020
Governmental business-type entities (BTAs), such as public utilities, transit systems, airports, colleges, and hospitals occupy a special place in the world of accounting and financial reporting. Subject to GASB standards, including many based on old private-sector guidance, these governments have unique challenges. This session will be a discussion of current accounting and financial reporting topics of particular interest to BTAs, based on the experiences of current officials responsible for such entities. Likely topics include the impact on BTAs of recent GASB guidance, such as on leases, PPPs, interest capitalization and those that affect governments that follow regulatory accounting.
Executive Manager of Finance, West Basin Municipal Water District
Margaret Moggia is the Executive Manager of Finance for West Basin Municipal Water District (District) and has oversight on accounting, treasury, debt management, procurement, and is currently developing a business outreach program to reach out to local and small businesses. Prior to the District, Margaret worked at Coopers & Lybrand as a staff associate to a supervising senior associate focusing primarily on governments and nonprofits.
Margaret earned her B.A in Economics from U.C Santa Barbara. She maintains her license as a certified public accountant (CPA) and has received her designation as a Certified Global Management Accountant (CGMA). She is a member of the American Institute of Certified Public Accountants (AICPA), and the California Society of Certified Public Accountants (CSCPA).
Currently, Margaret serves as the Past President for California Society of Municipal Water District (CSMFO) and her past roles included serving on the board, and a member to Career Development Committee, the Program Committee and Membership Benefits Committee. She is a member of Government Finance Officers Association (GFOA) and served as a subcommittee member to the Committee of Accounting, Auditing and Financial Reporting (CAAFR), and a task force member for the Ethics working group. She is currently active as co-chair for the Mentorship Committee for the Women in Public Finance. Margaret also served as the 2016 President for the California Municipal Treasurers Association (CMTA), and currently serves as the Communications Chair.
Chief Financial Officer, Huntsville Utilities
Ted Phillips is currently the CFO for Huntsville Utilities, a position he has held since September 2011. Huntsville Utilities provides Electric, Natural Gas and Water to over 190,000 customers in Madison County Alabama. He is responsible for the Accounting, Purchasing, Warehousing, Fleet, and Budgeting departments of Huntsville Utilities. The ten years pervious to being in Huntsville, he was the Finance Director for the City of Shelby NC. Before being employed by the City of Shelby Ted also worked 5 years in the finance department of the City of Monroe NC, and 2 years in the finance department for Mecklenburg County NC. Ted began his professional career with the Missouri State Auditor’s Office as a staff auditor in 1988.
Ted graduated from Southeast Missouri State University with a BS in Business Administration in 1988. He is a Certified Public Accountant (CPA) and a Certified Internal Auditor (CIA).
Ted is currently on the board, and is the Treasurer of The Schools Foundation of Huntsville and Madison County. He previous served from 2013-2019 on the board of the United Way of Madison County.
Ted has been married to his beautiful wife, Carol Rhea Phillips for over 22 years. They have two handsome sons. Ryan age 21, a junior at Auburn University, and Evan age 17, a junior at Huntsville High School.
Chief Financial Officer, City of Plant City
Diane Reichard is currently the Chief Financial Officer for the City of Plant City. She began her government career in 1986 with the City of Leesburg, and performed a variety of functions during her 19-year tenure. From 2005 - 2013, as Finance Director for the City of Temple Terrace, and for two years as Chief Financial Officer/ACM for the City of Ocala, she oversaw the operations of the finance department, including audit, accounting, budget, financial reporting, utility operations, purchasing, treasury, investments, and debt. In 2011, she began teaching as an adjunct professor with USF teaching government accounting. She is a frequent speaker for GFOA and FGFOA on a variety of topics.
Diane holds a Masters degree in Accounting from University of South Florida in Tampa and earned a Bachelors of Arts in Business Administration: Management and Accounting, summa cum laude, from St. Leo University. She has received the designations of CPA, CGMA, CGFO, and CPFO.
Diane is a member of GFOA, FGFOA, and AICPA. She served as President of the Florida Government Finance Officers in 2013, on many committees within the FGFOA organization, and President of the Central Florida Chapter of FGFOA in 2003. She is ex-officio member for GFOA's Accounting, Auditing and Financial Reporting Committee (CAAFR).
She has been married for 40 years, has one son and one granddaughter. She is very involved in her church and loves people, the outdoors, and playing the piano.