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Wednesday, May 29, 2019 8:30 am to 3:15 pm
Event Location: 
Lake Morey Resort
1 Club House Rd
Fairlee , VT
Cost: 
Early Bird: $60.00 PACIF Members; $90.00 VLCT Members; Add $10.00 after the registration deadline.
Registration Deadline: 
Wednesday, May 22, 2019

Description:

 This annual symposium is comprised of educational sessions related to municipal governmental accounting and auditing roles and responsibilities. Continuing professional education hours are available for CPAs in attendance.

Who should attend?

·      Municipal finance officials and treasurers

·      Local government officials who have fiduciary responsibilities

·      Municipal government board members, auditors, municipal managers and administrators

 

Program Highlights

·      Learn from municipal and state finance professionals with expertise in municipal accounting, auditing, best practices and policies

·      Hear about new finance-related legislation

·      Network with your peers to share best practices and experiences

 

Program Takeaways

·      Tools to assess your municipality’s financial health

·      Best practices to reduce fraud and embezzlement

·      Banking, cash management and investment guidance

 

 

 Agenda

 

8:30     Registration (Coffee and light breakfast included)

             

9:00     2019 Legislative Session Recap

In this session, we will review finance-related legislation from the 2019 session and how it may affect your municipality.

Karen Horn, Director, Public Policy and Advocacy, VLCT

             

9:30     Time for Your Fiscal Exam

There is both an art and a science to measuring a municipality’s fiscal health. This session will focus on the available tools to determine the fiscal condition of your town or city and explore some of the research that tests the effectiveness of these tools to determine how you might make the best use of them.

B. Michael Gilbar, Chief Financial Officer, VLCT

 

10:35   Break

 

10:45   Using Internal Controls to Improve Accounting and Reporting

Having a well-planned system of internal controls is a best practice for reducing the chance of fraud and embezzlement. It can also reduce the chance of errors, which will result in more accurate financial reporting. In this session, we will review the basic concepts behind a system of internal controls as well as the internal controls checklist and guidance developed by VLCT.

Bill Hall, Senior Financial Consultant, VLCT Municipal Assistance Center

 

12:00   Lunch (provided)

 

1:00     Banking, Cash Management and Investing

This presentation will provide a general overview of banking, cash management, and investment concepts as they relate to the work of municipalities and government entities.

Beth Pearce, Vermont State Treasurer

 

2:00     Break

 

2:10     Best Practices for Municipal Accounting and Auditing

During this session we will discuss how financial management best practices can be used by municipalities of any size. Our panelists will share their wealth of experience and knowledge of municipal accounting and auditing – from internal controls to financial policies and reporting – to help you put tools and resources presented today into practice.

Fred Duplessis, CPA, Sullivan Powers & Company

Bill Hall, Senior Financial Consultant, VLCT Municipal Assistance Center

B. Michael Gilbar, Chief Financial Officer, VLCT

Garrett Baxter, Senior Staff Attorney, VLCT Municipal Assistance Center

 

3:15     Complete Evaluations and Event Conclusion