Georgia FMC Annual ConferenceSeptember 13-16, 2015

SWAR updateGASB updateTeamWorksOther

Agenda

Vision What do we want to be?• Trusted provider of enterprise business solutions.

Values How do we want to act getting there?• Integrity - Do the right thing• Accountability - Take ownership• Reliability - Do what you say you will do• Service Excellence - Exceed customer expectations

SAO Vision & Values

Georgia won GFOA award for 3rd straight yearSAO policies for 30-day comment

Equity Grants and Other Financial Assistance Revenues, Receivables, Unearned Revenues and

Unavailable Revenues – General Accounts Receivable – Establishing and Managing

a Receivable Procure to Pay – Vouchers using SINGLEPAY1

vendor ID

SWAR Update

General Info Agency moves – documentation and guidance

exists around moving of agencies/programs CPF – working towards consistency in having all

CPF budgeted by 2017.• Also remind them that they need to be in a 5xxxxx fund

Prior Period Adjustments (trying to limit)

SWAR Update

Upcoming GASB Statements FY2015 • No. 68 - Accounting and Financial Reporting for

Pensions• No. 69 - Government Combinations and Disposals of

Government Operations• No. 71 - Pension Transition for Contributions Made

Subsequent to the Measurement Date FY2016• No. 72 – Fair Value Measurement and Application• No. 76 – GAAP Hierarchy

GASB Update

Upcoming GASB Statements FY2017• No. 73 - Accounting and Financial Reporting for

Pensions and Related Assets That Are Not within the Scope of GASB Statement 68, and Amendments to Certain Provisions of GASB Statements 67 and 68 • No. 74 – Financial Reporting for Postemployment

Benefit Plans Other Than Pension Plans • No. 77 – Tax Abatement Disclosures

FY2018• No. 75 - Accounting and Financial Reporting for

Postemployment Benefits Other Than Pensions

GASB Update

Exposure Drafts• Accounting and Financial Reporting for Certain External

Investment Pools• Blending Requirements for Certain Component Units—

an amendment of GASB Statement No. 14• Accounting and Financial Reporting for Irrevocable

Split-Interest Agreements Preliminary Views• Leases• Financial Reporting for Fiduciary Responsibilities

GASB Update

Projects coming to completion: JCCP Infrastructure

Projects about to begin: ACA HCM upgrade

TW Update