Association of Government Accountants
March 2009

 Governor David A. Paterson has proclaimed March as CGFM Month!

In the tough economic climate, when the unemployment is high and more governments are feeling the pressure to improve financial management operations, obtaining and maintaining the Certified Government Financial Manager (CGFM) designation is even more important than ever. The CGFM credential is the only certification that covers a wide range of finance topics across all three levels of government. As the mark of excellence in government finance, more employers are requiring that new hires earn the CGFM designation. Employers are also demanding that their finance professionals keep up with constantly changing regulations and innovations.
 
The CGFM's continuing education requirements keep you up to speed and make you a more valuable member of your team. The CGFM also brings promotion opportunities, and the certification makes you more portable across government organizations.
 
Demonstrate that you have the skills and knowledge to succeed. Apply today for the CGFM! It has become the standard by which government financial management professionals are measured. Its education, experience and ethics requirements have served to elevate the most seasoned financial professionals.
 
To learn more about the CGFM designation and how to become a CGFM, click here or email Thalia Melendez at tmelendez@osc.state.ny.us

Upcoming Events
- I.O.U.S.A.: Luncheon & Movie
- Community Service Event: Ronald McDonald House
- AGA and KPMG Teleconference: Managing in Turbulent Times
- Outstanding Achievements in Government Accountability Award
- Audio Conference: The Future of Government Auditing
- Government Finance Series Part III: An Introduction to GAAP Financial Reporting
- Financial Planning Seminar

 

LINKS

 
 
Please visit our sponsors:
Newsletter Now Available!
 The current issue of the chapter's award winning newsletter, "Capital Ideas," is now available on the website.  Click here to download your copy!
I.O.U.S.A. :  Luncheon and Movie about the National Debt
CLICK HERE TO REGISTER
 
IOUSA
When:  Thursday,  April 2nd
Where
: Jack's Oyster House, 42 State Street, Albany (validated parking at Maiden Lane Garage - Green & Hudson Streets)
 
Time: Registration begins at 11:30 AM; Lunch 12:00 PM to 12:40 PM; movie and commentary 12:40 PM to 1:30 PM.
Cost:  $25 - AGA Members; $30 for others
CPE: 1 credit
 
The national debt is at an all time high. And we are in the midst of a significant economic crisis. What to do? It is time to go to the movies! Join your fellow government financial professionals, whether accountants, auditors or other accountability position, for a great lunch at Jack's Oyster House. After lunch, we will watch the 30-minute version of the documentary I.O.U.S.A: One Nation. Under Stress. In Debt.
 
Following the movie, our own local and national economic guru, Hugh Johnson, Chair of  Johnson Illington Advisors, LLC., will comment on the documentary and provide his insights to how we can right our economic ship that is teetering on disaster.
Ronald McDonald House
When:  March 27th, 2009
Where:  139 South Lake Avenue, Albany
Time:  3:00 PM to 6:00 PM
Please join us in preparing dinner for approximately 25 guests staying at the Ronald McDonald House.  There are many ways you can participate.  Some ways include making dishes ahead of time or joining other AGA members at the RMH to prepare the main course.  This truly is a heart-warming event that comforts and consoles families staying at the RMH while their children are being treated at one of the near-by hospitals.  
 
If interested in participating, please contact Ann Marsh at amarsh@mail.nysed.gov or 473-2020.
 
AGA and KPMG Teleconference: Managing in Turbulent Times
When: Monday, March 30th
Time: 11:30 AM to 12:30 PM
Cost: Free to AGA Members (must register)
CPE: CPE credits will not be offered due to the difficulty of tracking attendance
 
Please join AGA and KPMG for an important teleconference: Managing in Turbulent Times.
 
This discussion will address cost optimization in the public sector as well as various aspects and impacts of the federal stimulus package, including:
  • Stimulus Funding for the State of NY
  • Top Accountability Objectives
  • Significant Issues and Challenges
  • Program Management Considerations

KPMG presenters will include:

  • Nancy Valley, National Industry Leader for Government
  • Anthony Monaco, Advisory Partner
  • Richard Lee, Advisory Partner
  • Timothy Wilschetz, Advisory Principal

Please call or e-mail Timea Pinter at 518-427-4689 or tpinter@kpmg.com to register. 

Outstanding Achievements in Government Accountability Award

Deadline Extended! 
Our chapter is seeking candidates for this very special award.  This award is to formally recognize government employees who have demonstrated sustained outstanding leadership and notable contributions to financial management, and to encourage increased interest, growth, development and distinctive leadership in the field of financial management.

The deadline is March 27, 2009.

Click here to see purpose, overview, criteria and evaluation and the nomination form.

 
AGA National Audio Conference: The Future of Government Auditing: Which Direction(s) Are We Heading?
 
CLICK HERE TO REGISTER
When:  Wednesday,  April 8th
Where:  NYS Office of the State Comptroller, 110 State Street, Albany or
NYS Department of Transportation, 50 Wolf Rd., Albany
Time: 2:00 PM to 3:50 PM
Cost: Free for AGA Members (please register); $15 for others
CPE: 2 credits
 
Auditing has evolved over the years with many different types of audits being developed- financial, performance, follow-up, managerial, operational, etc. Some believe auditors have become too cozy with the auditees and have sacrificed their independence for cooperation and expediency, while others view auditing from a "gotcha" mentality whereby it is the role of the auditor to find as many things wrong as necessary and catch the bad guys.

To share their practical experiences in auditing and views towards the future of auditing are Jeanette M. Franzel, CGFM, CPA, Managing Director of Financial Management and Assurance, U.S. Government Accountability Office; David R. Hancox, CGFM, CIA, Audit Director, Office of the State Comptroller, State of New York; and Drummond Kahn, CGFM, CIA, Director of Audit Services, City of Portland, Oregon and Interim Director of the Oregon State Audits Division.

Please join us for two hours of lively discussion about this important and timely topic. In addition to the speakers' commentary, there will be approximately 20 minutes for Q & A so that the participants can ask the speakers questions and share their own experiences.
Government Finance Series Part III:  An Introduction to GAAP Financial Reporting
When:  Thursday, April 23rd
Where:  Holiday Inn, 205 Wolf Rd., Albany
Time:  8:30 AM to 9:00 AM  - Registration; 9:00 AM to 12:00 PM  - Seminar 
Cost:  $30 for AGA members; $20 for students; $50 for others
CPEs: 3 credits
***Lunch is free if you attended all three parts of the Government Finance Series.  Otherwise to purchase the lunch, the cost is $15.
 
The New York Capital Chapter Association of Government Accountants is pleased to announce Part III of our Government Finance Series. The training for Part III will provide an overview of the GAAP Financial Reporting process and highlight the numerous relationships in the preparation effort for the GAAP financial statements and the State's Comprehensive Annual Financial Report (CAFR).

Participants should gain a clear understanding of the complexity of the process that takes place to collect, analyze and report information from a variety of sources in the timely issuance of the State's GAAP Financial Statements. Hear from David Hasso, Director of State Financial Reporting in the Office of the State Comptroller and two of his key staff.
Financial Planning Seminar
When: Wednesday, April 29th
Where: The Century House, Rt. 9, Latham
Time: 5:30 PM - 6:30 PM Dinner;  6:30 PM to 7:30 PM Seminar
Cost: $25 for AGA members, $35 for non-members
CPEs: 1 credit
 
Are you planning properly for your financial future?  When the time arrives for your children to go off to college or when those golden retirement years finally arrive will you be ready?

Join us for an evening of financial discussion with financial planning expert Alex Y. Jefferson of Halliday Financial Group for an evening seminar as he discusses the importance of diversifying your retirement portfolio and college savings programs.  He will discuss how your retirement style may be impacted by your overall financial health and will discuss retirement planning options, current market conditions, college planning options, and the importance of recreating a plan now.