Arbitrage Rebate - Small Issuer Exception to Rebate Requirement

Arbitrage rebate has not been at the forefront of most governmental finance officer’s minds in recent years. Times are changing, and so should the attention given toward the arbitrage rebate rules. As background, the Federal Government prohibits state and local governments from borrowing tax-exempt debt, and then earning a higher investment yield than its tax-exempt borrowing yield (i.e. positive arbitrage). Generally speaking, if positive arbitrage occurs, the local government is...



Member Spotlight John "Kevin" Hutcheson

1. What is your current job title? Budget and Purchasing Manager 2. How long have you been in the position? 1.5 Years 3. How did you decide to go into local government finance? After getting my Master’s in Public Administration, I worked for a smaller City being split between two departments; planning and finance. After working almost 5 years there I developed a love for public finance. It has always fascinated me the amount of craftwork it takes to assemble a budget and to keep...



Committee News (Winter 2019)

ANNUAL CONFERENCE COMMITTEE Save the Date! GGFOA’s 34th Annual Conference September 29th – October 2nd 2019 GGFOA will celebrate its 34th Annual Conference September 29th – October 2nd, 2019, at the Savannah Marriott Riverfront Hotel, located at 100 General McIntosh Boulevard in Savannah, Georgia. The Savannah Marriott Riverfront, located on the Savannah River, is connected to fun and historic River Street, and is the perfect location for the general and breakout sessions. The...



Legislative Report - March 5, 2019

GEORGIA GOVERNMENT FINANCE OFFICERS ASSOCIATION GOVERNMENT RELATIONS/STRATEGIC PLANNING COMMITTEE 2019 GEORGIA LEGISLATIVE REPORT MARCH 5, 2019 [2019 – 2020 LEGISLATIVE SESSION] Click here to download the report. Prepared by: Peter K. Floyd, Esq. Partner (Development Incentives, Energy, Infrastructure & Public Finance) Alston & Bird LLP One Atlantic Center 1201 W. Peachtree Street Atlanta, Georgia 30309 404.881.4510 peter.floyd@alston.com



Legislative Report - February 19, 2019

GEORGIA GOVERNMENT FINANCE OFFICERS ASSOCIATION GOVERNMENT RELATIONS/STRATEGIC PLANNING COMMITTEE 2019 GEORGIA LEGISLATIVE REPORT FEBRUARY 19, 2019 [2019 – 2020 LEGISLATIVE SESSION] Click here to download the report. Prepared by: Peter K. Floyd, Esq. Partner (Development Incentives, Energy, Infrastructure & Public Finance) Alston & Bird LLP One Atlantic Center 1201 W. Peachtree Street Atlanta, Georgia 30309 404.881.4510 peter.floyd@alston.com



Legislative Report - February 10, 2019

GEORGIA GOVERNMENT FINANCE OFFICERS ASSOCIATION GOVERNMENT RELATIONS/STRATEGIC PLANNING COMMITTEE 2019 GEORGIA LEGISLATIVE REPORT FEBRUARY 10, 2019 [2019 – 2020 LEGISLATIVE SESSION] Click here to download the report. Prepared by: Peter K. Floyd, Esq. Partner (Development Incentives, Energy, Infrastructure & Public Finance) Alston & Bird LLP One Atlantic Center 1201 W. Peachtree Street Atlanta, Georgia 30309 404.881.4510 peter.floyd@alston.com



January 2019 Legislative Report

GEORGIA GOVERNMENT FINANCE OFFICERS ASSOCIATION GOVERNMENT RELATIONS/STRATEGIC PLANNING COMMITTEE 2019 GEORGIA LEGISLATIVE REPORT JANUARY 22, 2019 [2019 – 2020 LEGISLATIVE SESSION] Click here to download the report. Prepared by: Peter K. Floyd, Esq. Partner (Development Incentives, Energy, Infrastructure & Public Finance) Alston & Bird LLP One Atlantic Center 1201 W. Peachtree Street Atlanta, Georgia 30309 404.881.4510 peter.floyd@alston.com



Committee News Updates (Fall 2018)

ANNUAL CONFERENCE COMMITTEE The conference committee is scheduled to meet on Friday, January 11, 2019. CAREER DEVELOPMENT COMMITTEE Hello GGFOA Friends! Save the Dates for Wednesday’s News You Can Use Webinars January 30, 2019 – Rushton and Company March 20, 2019 – J.P. Morgan Chase May 1, 2019 – Mauldin and Jenkins Don’t Forget the GGFOA Library of Resources Webinars – Members have free access to all previously recorded Wednesday’s...



President's Letter

GGFOA Members, What a great conference! This was our second time at Stone Mountain, and I believe everyone enjoyed it even more this time around. Whether you played a round of golf, took a hike, or just sat around the pool, the scenery and weather were perfect! We broke records again this year with 479 attendees, 33 sponsors, and 52 exhibitors. Karine Brooms and the conference committee provided an excellent conference this year for our membership. I want to thank all the exhibitors,...



Strategic Planning and the Budget

Perhaps one of the most important policy decisions a governing body considers each year is the approval of the annual operating and capital budget. Equally important; however, is the process of developing and preparing the budget for review and approval. The intricacies of budget development may vary from organization to organization; however, strategic planning should be the starting point in the process. We as finance professionals should never forget that strong budgets have their roots...



OPEB Challenges: Learning from the U.S. Postal Service

Estimates suggest the U.S. Postal Service would need to contribute as much as $3.7 billion annually until fiscal year (FY) 2021 to address its unfunded other post-employment benefits (OPEB). Like most states and most of the federal government, the Postal Service traditionally funded OPEB on a pay-as-you-go basis, paying expenses in the year incurred. This changed in 2006 when Congress passed the Postal Accountability and Enhancement Act to prefund the Postal Service’s growing OPEB...



How Treasury Management Can Create Value

With all the exciting technology available for making your company more productive and efficient, it can be easy to overlook the back office when it comes to upgrading. But smart companies are taking another look at how they handle their treasury management processes, not simply to reduce costs but also to create value. “Middle market companies really need to develop their expertise when it comes to treasury management,” says Marilyn Landis, president of Basic Business Concepts, Inc., a...