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Tuesday, March 27, 2018 8:30 am to 4:00 pm
Event Location: 
Capitol Plaza
100 State Street
05602 Montpelier , VT
Cost: 
Early Bird: $60.00 PACIF Members; $100.00 VLCT Members; Add $10.00 after the registration deadline.
Registration Deadline: 
Tuesday, March 20, 2018

Description:

This annual symposium is a comprehensive series of educational sessions about governmental accounting and auditing presented by certified public accountants (CPAs) and state and local government officials.

Up to 6 continuing professional education hours are available for CPAs who attend.

Agenda:

8:30 Registration (Coffee and light breakfast included)
8:55 Welcome and Opening Remarks

Abigail Friedman, Director, VLCT Municipal Assistance Center

Doug Hoffer, Vermont State Auditor of Accounts

9:00 Understanding Your Audit Report – Presentation and Panel

Audited financial statements contain a wealth of information about a government’s financial condition, but the technical language can be difficult for non-accountants to decipher. This session comprises two parts. First, Bill Hall will present the components of audited financial statements and what they mean and explain how this information is useful for municipal governments, utility districts, and school districts. Second, panel members will be available to answer questions from their perspectives and discuss audit reports.

Presenter: William Hall, Senior Financial Consultant, VLCT Municipal Assistance Center

Panelists:   Fred Duplessis, CPA, Sullivan Powers & Company

Aaron Frank, Deputy Town Manager and Chief Financial Officer, Town of Colchester

William Hall, Senior Financial Consultant, VLCT Municipal Assistance Center

10:40 Break
10:50 Grants Management Best Practices for Municipalities and Schools

In this session, Statewide Grants Administrator Karen Jaquish will provide detailed summaries of the Uniform Guidance grant requirements, including single audits; the State of Vermont’s granting process, including issuance and monitoring requirements; the Subrecipient Annual Report; and responding to audit findings.

Karen Jaquish, Statewide Grants Administrator, Vermont Department of Finance and Management

11:50 Legislative Session Updates

In this session, we will review municipal policy priorities for the 2018 legislative session and provide updates on the status and potential outcomes of pending legislation.

Karen Horn, Director, Public Policy and Advocacy, VLCT

Gwyn Zakov, Municipal Policy Advocate, VLCT

12:15 Lunch (Provided)
1:00 Payroll and Benefits Recording and Reporting

This session will cover best practices and common issues in payroll and benefits administration, reconciliation, quarterly reporting, and close of fiscal year items to be aware of in 2018 and will include a demo of the NEMRC accounting and reporting system.

Cynthia Stoddard, Director of Training and Support, New England Municipal Resource Center

2:20 Break
2:30 Cybersecurity and Social Media – Fraud and Risk Prevention for Finance Officers

Limited human capital and funding availability puts municipalities at significant risk for hacking attempts. Incidences of data tampering, fraud, and inappropriate disclosure of sensitive information increasingly affect schools and municipalities. In this session, you will learn some practical tools to reduce your risk of intrusion and simple ways to enhance internal security practices. Best practices will be discussed and resources will be provided.

Jon Rajewski, Director, Champlain College Center for Cybersecurity and Digital Forensics

3:50 Complete Evaluations and Event Conclusion
The Vermont State Auditor’s Office is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417, or www.nasba.org. For more information regarding complaint, refund, and program cancellation policies, please contact Angela Lee at 802-828-2281.