Skip to main content

GGFOA virtual Annual Conference

News and Events

President's Letter (Spring 2020)

Hi everyone! I hope that this Spring newsletter finds you all safe and healthy. Thus far, 2020 has brought about a whirlwind of unprecedented events and changes that none of us could have possibly imagined. Over the past several months, we all have had to adjust our daily work routines and personal lives in response to the novel coronavirus/COVID-19 pandemic, and we are finding ways to adapt to methods that may eventually become the new normal. While we continue to practice safe social...



Leadership Academy Testimonial

Leadership Academy was amazing. There are so many good things that I can say about it, but it would take all day. As a group we learned about our roles in the organizations we serve and how we navigate a changing world where more is expected of us than before. We explored the differences between our goals for our organizations and our elected body’s goals for our organizations – and how there is a push and pull that results in our “working in the gap.” We shared successes and...



Learning New Financial Habits & Resilience in 2020

Resilience noun the ability to be happy, successful, etc. again after something difficult or bad has happened. -Cambridge Dictionary Lately we’ve been thinking a lot about financial resilience: hopeful thoughts about the resilience of the stock market, our economy, and of course, our personal financial lives. As we slowly recover from the multitudinous effects of COVID-19, many of us will come away from this challenge stronger in our family and community lives. And, while...



Are We Really Communicating?

As finance professionals, we are familiar with the five components of internal control: control environment, risk assessment, control activities, information and communication, and monitoring. We focus on each of these components when performing different aspects of our jobs. I think one of the most important components of internal control is information and communication. Finance professionals LOVE information. We can talk debits and credits, create Excel spreadsheets, and use acronyms all...



COVID-19 Impact on Fixed Asset Accountability

For most public entities, capital asset accounting and financial reporting are extremely challenging tasks. Obtaining information necessary to properly record, reconcile and support asset values and financial reporting functions requires coordination from across the organization, and often involves multiple software systems and databases. Among the many consequences of COVID-19 are the financial reporting challenges associated with attempting to inventory and account for recently purchased...



A Recent Twist in Implementation of GASB 84

Background: GASB Statement No. 84, Fiduciary Activities, was issued in January 2017, and is effective for reporting periods beginning after December 15, 2018. As such, GASB 84 is effective for entities with fiscal year ends of December 31, 2019 and continuing with entities of various year ends going forward. Complications: In June 2019, Implementation Guide No. 2019-2, Fiduciary Activities, was issued and included two (2) specific questions that have caused issues – question 4.5 and 4.6...



Refunded Bonds and Arbitrage Rebate Compliance

Historically there are many piles of paper documents on the conference table for various parties to sign and authorize a debt issue at closing. Among those documents is one called the “Non-Arbitrage Certificate,” “Certificate As To Use of Proceeds,” “Arbitrage Tax Certificate” or something similarly titled. Within this document, the issuer agrees to take whatever actions are needed to maintain the issue’s tax-exempt status and agrees to post-issuance compliance, including...



New Technology and Job Risk in Georgia

The rapid pace of technological innovation has far-reaching effects. Although technology improves many aspects of our lives, it also has the power to disrupt traditional ways of doing things. One area of potential disruption may be on employment and labor markets. Estimates of the impact of advanced computer technologies, like artificial intelligence, on the labor market vary considerably. Some reports estimate that roughly 10 percent of jobs in the United States will be at risk of...



Member Spotlight: Janie Brooks

1. What is your current job title? Accountant II 2. How long have you been in the position? 2 years. I was promoted to this position in 2018, but I have been employed by Chatham County for 37 years. 3. How did you decide to go into local government finance? I began working in local government as an Emergency Medical Service (clerk) in 1976. As an EMS clerk, my job responsibilities were submitting insurance and Medicare claims, billing and filing. I was later promoted to Accounts...



Internships with the University of Georgia Student Chapter Members

The University of Georgia may be online, but their students are still in need of internships and meaningful work experience. Unfortunately, many students have lost their internship opportunities through a variety of pandemic-related issues. This is a big problem for chapter members in the Master of Public Administration (MPA) program, and it could lead to a greater issue for GGFOA and the government finance profession as a whole. Nobody knows the best way forward after the pandemic, but...



Committee News (Spring 2020)

ANNUAL CONFERENCE COMMITTEE REPORT We Are Still Toasting to Excellence! In business, it is wise to plan and expect the unexpected. However, no one could have anticipated the current global pandemic and the impact it has had on people and businesses all over the world. As a result, we are all making modifications in the way we interact with people and conduct business daily. However, the show must go on, and it most certainly will! We will still have our 35th annual conference, A Toast...



UGA MPA Students Seek Telework/E-internships

Master of Public Administration (MPA) students at the University of Georgia are currently seeking e-internship/telework opportunities while pursuing their degrees. The GGFOA, in partnership with UGA, encourages government finance professionals to consider hosting an intern. By offering meaningful, real-world work experience outside of the classroom to MPA students while bringing students’ wide-range of skills and expertise to your organization, the internship program provides a mutual...