Trust Me - Fiduciary Activities and Fiduciary Fund Reporting

GASB Statement No. 84, and the related implementation guide 2019-2, both named Fiduciary Activities, became effective for reporting periods beginning after December 15, 2019, eliminating the ambiguity that has existed in defining a fiduciary activity, but also changing the way that many governments will report on fiduciary funds. This session will provide a comprehensive review of fiduciary activities and fiduciary fund accounting and financial reporting, including discussion of challenges of implementation by finance officers who have recently implemented the standard.

Raymond Lee

Assistant Director, Accounting Services & Internal Audit, City of New York Mayor's Office of Management & Budget

Raymond Lee is the Assistant Director for Accounting Services and Internal Audit at the City of New York Mayor’s Office of Management and Budget (OMB). His team is responsible for advising OMB and other City entities on technical accounting and auditing matters affecting the City, including evaluating the proper accounting treatment of transactions and coordinating federal cost calculations. He also oversees OMB’s Internal Auditing team, which performs audits of various OMB functions, including management of disaster recovery grants. Prior to joining OMB, Raymond worked at PricewaterhouseCoopers, LLP in the assurance practice.

Raymond has a Bachelor’s degree in Accounting and Information Systems and a Master’s degree in Accounting, both from New York University.

Lisa R. Parker, CPA, CGMA

Senior Project Manager, Governmental Accounting Standards Board

Lisa Parker is a senior project manager with the Governmental Accounting Standards Board (GASB).  Prior to joining the GASB in 2008, Lisa worked for Runyon Kersteen Ouellette CPAs for 10 years, the town of Old Orchard Beach, Maine as finance director and interim town manager for 2 years, and the city of Saco, Maine as finance director for 8 years.
Lisa is a certified public accountant and a chartered global management accountant.  She also is a member of the Association of Governmental Accountants, the American Institute of Certified Public Accountants, and the Maine Society of Certified Public Accountants, where she served as president. Previously, Lisa was president of the Maine Governmental Finance Officers Association, an executive board member of the New England Governmental Finance Officers Association, and a member of a national GFOA standing committee. 
Lisa attended Boston College and the University of Southern Maine graduating with magna cum laude honors and a bachelor’s degree in accounting.

Shakeel Yusuf

Comptroller, Fairfax County Public Schools

Shakeel Yusuf has more than 30 years’ experience in accounting with not for profit organizations and local governments. He started his career with a big 8 firm in auditing and then moved on to not for profits and then local government. He previously served as the Deputy Director of Finance for Fairfax County Government and has been the Comptroller for Fairfax county Public Schools for the past 10 years. During his career he has worked on major GASB implementations and also lead several large ERP implementations. He has a Bachelor of Commerce from the University of Queensland (Brisbane, Australia) and Masters in Financial Management from George Washington University-Benjamin Franklin School of Accounting. He is a Certified Public Accountant licensed in the District of Columbia.


06/25/2020 at 3:00 PM (EDT)   |  75 minutes
06/25/2020 at 3:00 PM (EDT)   |  75 minutes
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CPE Credit
No credits available  |  Certificate available
No credits available  |  Certificate available