GFOA of the US & Canada

GFOA of the US & Canada Since 1906, GFOA has provided practical assistance and support to public-sector finance officers to help them better serve their communities.
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Stay current with developments and trends in the government finance profession by uniting with 19,000+ members in the United States and Canada whose careers, studies, or interests involve government financial management.

Sustainability was a topic in latest issue of Government Finance Review. For the city of Coral Springs, Florida, sustain...
05/03/2024

Sustainability was a topic in latest issue of Government Finance Review. For the city of Coral Springs, Florida, sustainability has three pillars: financial, organizational, and environmental. “That’s how we view sustainability and why we brought the Office of Sustainability under the umbrella of the budget department,” said Ileana Petrone, the city’s director of Budget and Sustainability. Learn more: https://www.gfoa.org/materials/gfr0424-coaralsprings

Governments are subject to financial shocks, including natural catastrophes, recessions, and more. Financial reserves (a...
05/02/2024

Governments are subject to financial shocks, including natural catastrophes, recessions, and more. Financial reserves (a “rainy day” fund) are essentially a form of self-insurance that governments use to buffer themselves against these risks. But what are the risks governments should be concerned about? What size of reserves is appropriate to cover risks? What opportunities are there to use commercial insurance to help cover these risks?

As the number of potential risks increase, governments need improved reserve strategies. At the same time, public trust in government and experts means governments will face more pressure to justify holding reserves, and local governments are becoming more resource constrained. In this webinar, June 27, speakers will discuss data-driven strategies they used to determine the correct level of reserves for their community. Participants will leave with resources and strategies to apply risk-aware and risk-savvy thinking to reserves in their own organizations.

Register: https://www.gfoa.org/events/int0627241

Kanika Jain holds a bachelor’s degree in business administration with a concentration in Accounting from the University ...
05/01/2024

Kanika Jain holds a bachelor’s degree in business administration with a concentration in Accounting from the University of California, Riverside, and is currently pursuing a master’s degree in accountancy at California State Polytechnic University, Pomona. She received $10,000 through the Frank L. Greathouse Government Scholarship. Congratulations! Learn more about Kanika at https://www.gfoa.org/gfoa-scholarship-spotlight-kanika-jain.

Congratulations to Crystal Welch who recently passed all exams, completing the CPFO program! Crystal began her journey l...
04/30/2024

Congratulations to Crystal Welch who recently passed all exams, completing the CPFO program! Crystal began her journey looking to gain a better understanding of areas of finance that she didn't have much experience in. “The CPFO designation has helped establish a new level of self-confidence and professionalism as well as enhanced my competency across all areas. It has given me a better understanding and increased knowledge of government finance. I hope to use what I’ve gained and serve as a mentor to those around me as well as in my professional networks,” she says.

Learn more at https://www.gfoa.org/cpfo-spotlight-crystal-welch.

We’re excited about the quality sessions coming up at  . We’ll cover trending topics that finance professionals have bee...
04/26/2024

We’re excited about the quality sessions coming up at . We’ll cover trending topics that finance professionals have been talking about all year. Topics like AI, cybersecurity, the Federal Data Transparency Act, new GASB guidance, and a lot more. Join us in Orlando for 70+ sessions with speakers from across the country and around the world. Register today at https://www.gfoa.org/conference.

Congratulations are in order! This week, we announced the recipients of our 2024 academic scholarships. Scholarships wer...
04/25/2024

Congratulations are in order! This week, we announced the recipients of our 2024 academic scholarships. Scholarships were awarded to nine students totaling $105,000. Students were selected by a committee composed of members from GFOA’s Executive Board. Learn more: https://www.gfoa.org/2024-academic-scholarship-winners

Let's talk generative AI and  . When he first heard news reports about ChatGPT and its powers to search the internet and...
04/24/2024

Let's talk generative AI and . When he first heard news reports about ChatGPT and its powers to search the internet and create readable text, rhymes, and fanciful tales, Micah Gaudet immediately saw the use for entertaining his eight-year-old son with “corny dad jokes and little bedtime stories.”

But within weeks, as deputy manager of the fast-growing City of Maricopa, Arizona, he started imagining ways to use this newly available form of artificial intelligence (AI) in his work as deputy city manager and chief public safety officer. Learn more https://www.gfoa.org/materials/gfr0424-generativeai

Congratulations to Minta Hovland who recently earned the CPFO designation! Minta began her CPFO journey looking to expan...
04/23/2024

Congratulations to Minta Hovland who recently earned the CPFO designation! Minta began her CPFO journey looking to expand her knowledge base and further develop herself as a well-rounded public finance professional. "It has given me an increased level of confidence to tackle a challenge and go outside my comfort zone. I hope that by becoming a CPFO I will better serve my community and help to positively shape its future," she says.

Learn more: https://www.gfoa.org/cpfo-spotlight-minta-hovland

In the latest issue of Government Finance Review, GFOA's CEO and Executive Director Chris Morrill provided an update on ...
04/22/2024

In the latest issue of Government Finance Review, GFOA's CEO and Executive Director Chris Morrill provided an update on important initiatives and an opportunity to recognize GFOA members for outstanding public service.

Update from GFOA's CEO

Want to enhance your understanding of internal controls? We’ve got an eLearning course for you! This two-day course, beg...
04/22/2024

Want to enhance your understanding of internal controls? We’ve got an eLearning course for you! This two-day course, beginning May 22 will teach key principles, responsibilities, and fraud management strategies.

✅ Define internal control and its connection to managerial objectives.
✅ Learn about the responsibilities of management, governing bodies, auditors, and internal auditors.
✅ Explore the five essential components and seventeen principles of internal control.
✅ Understand key focus areas for each principle.
✅ Discover the limitations of internal control and its relationship with enterprise risk management.
✅ Uncover the connection between internal control and fraud prevention and management.

Learn more: https://www.gfoa.org/events/lmseic0524

Are you familiar with GFOA's affinity groups? It’s an exciting time to explore these groups. Some have been around for m...
04/19/2024

Are you familiar with GFOA's affinity groups? It’s an exciting time to explore these groups. Some have been around for more than three decades; some are being revitalized; and some are newly launched. Wherever you find yourself in your career journey, we encourage you to join to be inspired, gain support, and learn about the experiences of fellow finance professionals and how they approach their work. Learn more: https://www.gfoa.org/materials/gfr-0424-affinitygroups

Have you read the April issue of Government Finance Review? This month's magazine highlights how to architect a budget p...
04/18/2024

Have you read the April issue of Government Finance Review? This month's magazine highlights how to architect a budget process, budgeting transparency initiatives, payroll processing, generative AI and local government, GASB 102, members spotlights and much more. Read articles online at https://www.gfoa.org/gfr-april-2024.

Useless work sucks the joy out of our jobs. That’s why we’ve partnered with public sector aficionado Brian Elms, owner a...
04/17/2024

Useless work sucks the joy out of our jobs. That’s why we’ve partnered with public sector aficionado Brian Elms, owner and founder of Change Agents Training and author of Peak Academy, to bring you on-demand learning designed to help you get your time back.

This interactive and engaging 45-minute process improvement and innovation primer will help you start to see your work differently. Employees will learn three fundamental skills to help fight burnout and understand and improve their services. Get your time back so you can perform more meaningful and valuable work every day!

Learn more: https://www.gfoa.org/on-demand-time-back-course

This week, we welcomed 50 attendees from across the country to our Accounting Academy in Chicago. For accountants and au...
04/16/2024

This week, we welcomed 50 attendees from across the country to our Accounting Academy in Chicago. For accountants and auditors venturing into the public sector, navigating the intricacies of state and local government finance can be a daunting task. That's why our intensive four-day workshop is here to guide newcomers through every aspect of this specialized field.

Let's congratulate Rob Voshell! He began his CPFO journey looking to improve his financial decision-making skills. He ac...
04/16/2024

Let's congratulate Rob Voshell! He began his CPFO journey looking to improve his financial decision-making skills. He accomplished that and much more. "This certification has enhanced my ability to contribute to the success of my team, and overall financial health of the organization," he says. Learn more: https://www.gfoa.org/cpfo-spotlight-rob-voshell

Recognize someone's leadership through GFOA's new Recognition for Outstanding Public Service. This recognition honors in...
04/15/2024

Recognize someone's leadership through GFOA's new Recognition for Outstanding Public Service. This recognition honors individual GFOA members for their dedication to the profession, their colleagues, their organizations, and their communities. All GFOA members are eligible to nominate someone who has made a difference, exemplified the values in GFOA’s code of ethics, or served as a role model for the public finance profession.

The deadline for recognizing one of your peers is May 10. Honorees will be celebrated at the GFOA's 118th Annual Conference in Orlando and throughout the rest of 2024.

Learn more: https://www.gfoa.org/publicservice

GFOA's 118th Annual Conference is taking shape! Planning to attend? More than 70 sessions have been announced along with...
04/12/2024

GFOA's 118th Annual Conference is taking shape! Planning to attend? More than 70 sessions have been announced along with inspiring keynotes, a 5k run, and a pretty cool closing event. Don't miss out on this opportunity to learn and network from thousands of finance professionals. Conference homepage: https://www.gfoa.org/conference

GFOA has approved over 200 best practice statements that serve as the foundation for financial management practices for ...
04/11/2024

GFOA has approved over 200 best practice statements that serve as the foundation for financial management practices for all governments to implement. How does your government stack up to this standard and how knowledgeable are you on what defines excellence in public finance?

Join GFOA virtually, July 29–August 2, as presenters highlight over 20 individual best practices and provide the latest information on current trends, implementation considerations, and essential practices for all governments.

Learn more: https://www.gfoa.org/gfoa-best-practices-forum

Have you ever witnessed an elected board, or any decision-making body for that matter, defer or avoid discussing the har...
04/10/2024

Have you ever witnessed an elected board, or any decision-making body for that matter, defer or avoid discussing the hard stuff and instead spend time on trivialities? If so, you are not alone. It is so common across time and disciplines that it has a name: Parkinson’s Law of Triviality.

Join this webinar to hear from finance directors and leadership experts about how to work with staff and other stakeholders to make well-informed decisions during the budget process.

Learn more: https://www.gfoa.org/events/int050924

Congratulations to Mitchell Nixon who recently completed his CPFO journey! Mitchell started the process looking for a de...
04/09/2024

Congratulations to Mitchell Nixon who recently completed his CPFO journey! Mitchell started the process looking for a deeper understanding of his job functions and how they impacts the community he serves. "Going through the process I learned that there's a wide range of regulations impacting government finance and some great methods for keeping up with those ever-changing rules," he says. Learn more: https://www.gfoa.org/cpfo-spotlight-mitchell-nixon

With the arrival of COVID, downtowns in many major cities shut down, almost to the breaking point, as staffers began wor...
04/08/2024

With the arrival of COVID, downtowns in many major cities shut down, almost to the breaking point, as staffers began working from their homes. Even though many have returned, a number of experts believe that the new normal for office buildings will be hybrid schedule, with workers coming in two or three days a week. That means that the need for office space will decline and—perhaps most important for the health of downtowns—the daytime populations will remain lower than in the past. Learn more: https://www.gfoa.org/materials/gfr0224-reimagining-downtown

Get involved with GFOA's Utility Finance Forum! This group of GFOA members work for utility organizations and municipali...
04/05/2024

Get involved with GFOA's Utility Finance Forum! This group of GFOA members work for utility organizations and municipalities that operate utilities. The UFF provides a platform for members to discuss topics such as rate setting, enterprise accounting, asset management, and regulations. Learn more and join for free at https://www.gfoa.org/utility-finance-forum.

Did you know that an increasing number of local governments are exploring the transformative power of Robotic Process Au...
04/04/2024

Did you know that an increasing number of local governments are exploring the transformative power of Robotic Process Automation (RPA) in their organizations to enhance efficiency? Join GFOA, Microsoft, experts in academia, and local government practitioners to discuss what RPA is, how it can impact the finance office, and real-world case studies, best practices, and the potential of RPA to revolutionize local government finance. Learn more: https://www.gfoa.org/events/int0430241

Let's talk about why public debt management matters. It’s helpful to occasionally step back from the daily grind of loca...
04/03/2024

Let's talk about why public debt management matters. It’s helpful to occasionally step back from the daily grind of local public finance and ask: why does what we do matter? Some obvious answers come to mind right away. A well-managed financial operation saves taxpayer dollars. An effective budget process ensures that local government spending reflects local values and priorities. Revisiting policies and practices can also help address past wrongs, like the way in which property tax assessment practices can lead to chronic overtaxing of properties owned by people of color. GFOA’s own Code of Ethics reminds us that effective administration of public finances can bolster trust in government by making people feel that their government is reliable and working in their best interests.

Learn more: https://www.gfoa.org/materials/gfr0224-marlowe

Trisha Po***ck, CPFO, began her certification journey looking to learn as much as possible about governmental finance to...
04/02/2024

Trisha Po***ck, CPFO, began her certification journey looking to learn as much as possible about governmental finance to succeed in her leadership role with the City of Victoria, Minnesota. She says completing the program has given her the education needed to build a more effective, efficient, and transparent finance department. Learn more: https://www.gfoa.org/cpfo-spotlight-trisha-pollock

We're excited for this release! Public Finance Journal features peer-reviewed research that examines and analyzes contem...
04/01/2024

We're excited for this release! Public Finance Journal features peer-reviewed research that examines and analyzes contemporary issues in budgeting and finance and explores the applicability of solution sets. The first issue includes research on budgeting and finance agendas, AI, property tax, and more. https://www.publicfinance.org/index.php/pfj/issue/view/1

The premier issue of Public Finance Journal is now published! Proud to say it contains all of the articles and book reviews we have been promoting over the last few weeks… with a fun surprise! Check the issue out here: https://doi.org/10.59469/pfj.1.1 GFOA of the US & Canada

This week, we welcomed 45 participants to our first spring Leadership Academy at Arizona State University in Phoenix. Th...
03/29/2024

This week, we welcomed 45 participants to our first spring Leadership Academy at Arizona State University in Phoenix. This engaged group of students spent the week bolstering their leadership and management skills to better serve their communities.

While finance and procurement often provide different functions, their work is unquestionably linked. For procurement of...
03/29/2024

While finance and procurement often provide different functions, their work is unquestionably linked. For procurement officials to have the greatest impact, they need to be involved in key financial processes and have input into organization-wide decisions. Similarly, for finance officials, many processes outside of procurement depend on information from procurement to be effective. During this webinar April 23, speakers will explore the link between finance and procurement and the benefits to budgeting, long-term planning, cash flow analysis, debt management, accounting, risk management and more. Learn more: https://www.gfoa.org/events/int042324

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