Sensitivity-How confident are you in your financial projections

A lot of organizations develop long-range financial projections to manage their financial resources over a projected future planning period. Financial projections are based on a number of assumptions relative to either the likely growth or decline in revenue sources, operating expenditures, the estimated cost of funding the capital improvement program, future interest rates, and other variables. The assumptions used for projecting future operating revenues and expenditures are typically...



33rd Annual Conference

GGFOA celebrated its 33rd Annual Conference and is already receiving great reviews! The conference committee takes great pride each year in organizing a powerfully educational agenda, fun optional activities, and entertaining social events. This year was no exception. The 33rd Annual Conference was held at the Atlanta Evergreen Conference Resort Center. The conference kicked off with the President’s Reception Sunday evening. The attendees were entertained by Nick Bryant, a solo...



Member Spotlight: Donna England

1. What is your current job title? Finance Director 2. How long have you been in the position? About 10 ½ years. I began working for the City in April 2008. 3. How did you decide to go into local government finance? My education and work experience is in accounting, however when my children were younger I worked for the school system in order to have similar hours. When my son started college and my daughter was two years away from college, I heard about an opening in the City of Ball...



Georgia's Uniform Chart of Accounts for Local Governments in Georgia-Why It Matters

Georgia law requires local governments to use the Uniform Chart of Accounts for Local Governments in Georgia. A uniform chart of accounts provides for consistency in recording transactions and comparability in the preparation of audited financial statements. The chart of accounts can also facilitate recording of financial information that will inform decision making. The focus of governmental accounting and financial reporting is accountability. As we all know, most of the revenue that...



Stay Informed: Help Your Government Prepare for the Next Recession

Although states' economies have improved overall in 2018, just 20 have enough financial reserves to weather the first year of another economic recession, according to a recent report by S&P Global Ratings. Although it's impractical for governments to ever be 100 percent prepared with sufficient reserves to completely shoulder a downturn, budget officials can arm themselves with the necessary tools and strategies to stay afloat. CSLF's upcoming class in treasury and investment management...



Summer 2018 President's Letter

Dear Fellow GGFOA Members, Our 33rd Annual Conference in Stone Mountain at the Evergreen Marriott Conference Resort is just a few months away, September 30 – October 3, 2018. The annual conference committee has been working extremely hard to prepare for our conference. The theme this year is RACE to the Top (Revenue-Accounting-Customer Service-Excellence). Registration opened the first week in July. If you are interested in learning more about the conference, please visit our Annual...



Background Checks & Fingerprinting For Non-Criminal Purposes

GMA recently offered a series of regional workshops which included a section on the requirements for obtaining background checks for noncriminal purposes such as alcohol license and employment purposes. The Georgia Bureau of Investigation issued a new ruling in 2015 on the defined guidelines pertaining to the use, retention, security, description, and dissemination of Criminal History Record Information (CHRI) obtained for employment or licensing purposes as authorized by state or federal...



We have an Approved Budget-Now What?

Those of you who work in the governmental budget world know the significant effort that it takes to move our local governments through the budget process: seeking internal and external budget input, estimating revenues and expenditures, public hearings, and finally authorization from our governing bodies. We might be tempted to take a break once that budget is approved. However, it is not time to rest. The important work continues with budget monitoring. Georgia law requires local...



U.S. Supreme Court Case, South Dakota v. Wayfair

Recently the U.S. Supreme Court Case, South Dakota v. Wayfair, overturned a previous case which prevented state and local governments from collecting sales tax from out of state vendors. The new law passed this year in Georgia (HB 61) allows local governments to take advantage of this new court ruling beginning January 1. After overruling the previous physical-presence requirement, the Supreme Court held that the South Dakota law – which applies sales tax collection duties only to...



The Evolving Role of Issuers and the Financing Team

Teams can change players, coaches and rules that can affect how they react to certain situations. Municipal Issuers such as cities and counties can face a constantly changing landscape as they issue debt to help their infrastructure and quality of life needs. Rule changes can affect how municipal issuers and the financing team can move forward to perform their duties. These team players are all in tune with the regulatory rules under which they have to perform under and can assist municipal...



Member Spotlight: Leslie Wilder

GGFOA member Leslie Wilder is the Finance Director for the City of Winder. Winder is a city with a population of nearly 15,000 residents in Barrow County. It is located east of Atlanta and is part of the Atlanta metropolitan area. How long have you been in the position? I have been in this position since April 1, 2005, so a little over 13 years. How did you decide to go into local government finance? I believe God has a plan for all of us. When I was 29 years old living near...



Summer 2018 Committee News

ANNUAL CONFERENCE COMMITTEE REGISTER TODAY! GGFOA will be celebrating its 33rd Annual Conference this year and your conference committee has selected an ideal venue, the Atlanta Evergreen Marriott Conference Resort located in the heart of Stone Mountain, Georgia! The conference will be held at the Evergreen Marriott Conference Resort located at 4021 Lakeview Drive, Stone Mountain, Georgia, 30083. The Evergreen Marriott Conference Resort is not only beautiful; the Resort is a...