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Transcript of VGFOA Fall Conference 2018 1 Fall Conference/Fall 2018 Program.pdf · VGFOA Fall Conference 2018 3...

  • VGFOA Fall Conference 2018 1

    Table of Contents

    Hilton Richmond Hotel & Spa/Short Pump Floor Plan ......................................... 2 Fall Conference Schedule ....................................................................................... 3

    VGFOA Executive Board 2017-2018 ....................................................................... 8

    List of VGFOA Past Presidents ............................................................................... 9

    List of CPFO’s ........................................................................................................ 11

    List of VGFOA and Radford University GNAC Certificate Recipients ............... 12

    Economic Update ................................................................................................. 16

    GASB Update - OPEB and So Much More .......................................................... 17

    Fraud .................................................................................................................. 18

    Speed Networking – Budget Style ....................................................................... 19

    Keynote Session - Developing the Leaders around You ...................................... 20

    Financial Sustainability ........................................................................................ 21

    The Key to Being a Better Finance Director: Better Storytelling ........................... 22

    Role of Financial Policies in Preparing the Budget ............................................. 23

    Backup Withholding & Form 1099-Misc. Update ................................................. 24

    Economic Update ................................................................................................ 25

    Budgeting for Outcomes – Adapting the Process ................................................ 26

    Protecting Phone-Based Transactions and Understanding PCI Compliance ....... 27

    Best Practices in Managing OPEB Trusts ............................................................ 28

    Best Practices in Budgeting ................................................................................. 29

    FOIA .................................................................................................................... 31

    Virginia CPA Ethics: 2018 Required Course (Separate fee of $65) ..................... 32

    GASB 87: Lease Reporting .................................................................................. 33

    An Inside Look into the Rating a Local Government ............................................ 34

    Fiscal Distress Monitoring Process & APA Update .............................................. 36

    Voyages of Procurement ..................................................................................... 37

    Succession Planning: It’s Easier than You Think ................................................. 38

    Fall Conference Sponsors ..................................................................................... 39

    Fall Conference Exhibitors .................................................................................... 45

  • 2 October 24-26, 2018 Henrico, Virginia

    Hilton Richmond Hotel & Spa/Short Pump Conference Center Layout

  • VGFOA Fall Conference 2018 3

    VGFOA 2018 Fall Conference Schedule

    12:00pm – 4:00pm Registration Open Registration Counter

    1:00pm – 1:50pm Capital Ballrooms F, G Economic Update

    - Robert McNab, ODU

    2:00pm – 2:50pm Capital Ballrooms F, G GASB Update – OPEB and So Much More

    - David Bean, GASB

    2:50pm – 3:00pm Foyer

    Break

    3:00pm – 4:15pm Capital Ballrooms F, G Fraud

    - Rusty Pounds, Cherry Bekaert, LLP

    4:20pm – 5:10pm Capital Ballrooms F, G Speed Networking – Budget Style

    - Stephanie Jones, Virginia Resources Authority

    6:00pm – 7:00pm Capital Ballrooms A-D

    Reception 8:00am – 4:00pm Registration Open Registration Counter

    7:15am – 8:00am Capital Ballroom E Breakfast

    8:00am – 9:40am Capital Ballrooms F, G Presentation of Flag

    VGFOA Welcome Address

    - Diane Bergeron, VGFOA President

    Welcome Address from Henrico County - John Vithoulkas, County Manager

    Keynote Session: Developing the Leaders around You - Ed Peterson, Transform Leadership

    9:45am – 9:55am Foyer Break

    10:00am – 10:50am Capital Ballrooms F, G Financial Sustainability

    - Shayne Kavanagh, GFOA

    Wednesday, October 24th

    Thursday, October 25th

  • 4 October 24-26, 2018 Henrico, Virginia

    11:00am – 11:50am Capital Ballrooms F, G The Key to Being a Better Finance Director: Better Storytelling - Charlie Francis, OpenGov

    12:15pm – 1:45pm Capital Ballrooms F, G

    Lunch, Awards & Business Meeting Concurrent Sessions:

    Concurrent Sessions:

    3:00pm – 3:50pm Capital Ballroom E Budgeting for Outcomes – Adapting the Process

    - Katie Davis and Amelia Merchant, City of Roanoke

    3:00pm – 3:50pm Capital Ballroom F Protecting Phone-Based Transactions and Understanding PCI Compliance - Jason Herbert, Paymentus

    3:00pm – 3:50pm Capital Ballroom G Best Practices in Managing OPEB Trusts

    - Clark Case, Town of Leesburg; Kathleen Bowe, PFM

    3:50pm – 4:00pm Foyer Break

    Concurrent Sessions: 4:00pm – 5:15pm Capital Ballroom E

    Best Practices in Budgeting - Meghan Coates, Chesterfield County; Quin Lunsford, Albemarle

    County Service Authority; Terry Stone, Hanover County Public Schools; Debbie White, Goochland County Public Schools; Donna Witt, City of Lynchburg

    4:00pm – 4:50pm Capital Ballroom F FOIA

    - Alan Gernhardt, FOIA Council

    6:00pm – 7:00pm Capital Ballrooms A-D Reception

    2:00pm – 2:50pm Capital Ballroom E Role of Financial Policies in Preparing the Budget

    - Charles Meek, City of Suffolk

    2:00pm – 2:50pm Capital Ballroom F Backup Withholding & Form 1099-Misc. Update

    - Michael Durland, IRS

    2:00pm – 2:50pm Capital Ballroom G Economic Update

    - Greg Pagans, Multi Bank Securities

    Thursday, October 25th Continued…

  • VGFOA Fall Conference 2018 5

    8:00am – 10:00am Registration Open Registration Counter

    7:15am – 8:15am Capital Ballrooms F, G Breakfast Past President’s Breakfast Henrico Ballroom B Concurrent Sessions:

    10:15am – 10:30am Foyer Break

    Concurrent Sessions:

    10:30am – 11:20am Capital Ballrooms F, G Fiscal Distress Monitoring Process & APA Update

    - Rachel Reamy, APA 10:30am – 11:20am Capital Ballroom E Voyages of Procurement

    - Sharita Bryant, Department of General Services

    11:25am – 12:15pm Capital Ballrooms F, G Succession Planning: It’s Easier Than You Think - Margie Hamner, Starfish Consulting

    12:15pm – 12:30pm Foyer – Eat in Capital

    Ballrooms F, G Boxed Lunches

    Friday, October 26th

    8:30am – 10:10am Capital Ballroom E Virginia CPA Ethics: 2018 Required Course (Separate $65 Fee)

    - Krista Edoff, Cherry Bekaer,t LLP

    8:30am – 9:20am Capital Ballrooms F, G GASB 87 – Lease Reporting

    - Rob Churchman, Cherry Beakaert, LLP

    9:25am – 10:15am Capital Ballrooms F, G An Inside Look into the Rating a Local Government

    - Evette Caze, Fitch Ratings; Evan Hess, Moody’s; Kyle Laux Davenport & Company; Nora Wittstruck, S&P Global Ratings

  • 6 October 24-26, 2018 Henrico, Virginia

    Join us at Future Conferences!

    Spring Conferences

    Hilton Norfolk The Main – May 8 – 10, 2019

    Hilton Norfolk The Main – May 26 – 28, 2020

    Fall Conferences

    Omni Richmond Hotel – October 9 – 11, 2019

    Omni Richmond Hotel – October 14 – 16, 2020

    Omni Richmond Hotel – September 15 – 17, 2021

  • VGFOA Fall Conference 2018 7

  • 8 October 24-26, 2018 Henrico, Virginia

    VGFOA Executive Board 2017-2018

    Officers

    President – Diane Bergeron Director of Finance, City of Manassas Term Expires: Oct. 2018

    President Elect – Curtis Doughtie Director of Finance, Virginia Resources Authority Term Expires: Oct. 2018

    Past President – Kathy Seay Deputy County Administrator, Hanover County Term Expires: Oct. 2018

    Treasurer – Janet Romanchyk Director, Loudoun County Term Expires: Oct. 2019

    Board Members Andrea Trent, Spring Conference Chair Manager of Retirement Plans, City of Roanoke Term Expires: Oct. 2019

    Keli Reekes, Education Chair Director of Finance, Brunswick County Term Expires: Oct. 2019

    Trish Davidson, Education Chair Director of Finance, Rockingham County Term Expires: Oct. 2019

    Donna Witt, Communications, Legislative & Standards Setting Chair Director of Financial Services, City of Lynchburg Term Expires: Oct. 2020

    Jill Underwood, Fall Conference Chair Financial Manager, Bedford Regional Water Authority Term Expires: Oct. 2018

    Aaron McCoy, Associate Member Relations Chair Finance Officer, Virginia Beach Sheriff’s Office Term Expires: Oct. 2018

    Stephanie Jones, Mentorship and Awards Chair Senior Program Manager / Compliance Officer, Virginia Resources Authority Term Expires: Oct. 2019

    Kenneth Folk, Executive Secretary Financial Services Manager, VML/VACo Finance

    Virginia Government Finance Officers' Association’s mission is “…to foster financial excellence in government by creating opportunities for professional

    development.”

  • VGFOA Fall Conference 2018 9

    VGFOA Past Presidents

    Date President City/County

    1969-1970 J. Robert Thomas Roanoke

    1970-1971 Philip A. Curtis, Jr. City of Newport News

    1971-1972 Hubert H. Shiner, Jr. City of Petersburg

    1974-1975 Giles G. Dodd City of Virginia Beach

    1975-1976 A. N. (Hoot) Gibson City of Roanoke

    1976-1977 Bill M. Perrero City of Winchester

    1977-1978 Aubrey D. Dodson City of Danville

    1978-1979 H. Jack Lissenden Richmond

    1979-1980 Roy W. Cherry City of Portsmouth

    1980-1981 Michael W. Hill City of Lynchburg

    1981-1982 Frank P. Turk City of Salem

    1982-1983 Ray B. Jones Albemarle County

    1983-1984 Jimmy D. Clowers City of Norfolk

    1984-1985 John M. Chambliss Roanoke

    1985-1986 Dennis Kerns Henrico County

    1986-1987 Leon Hirsh York County

    1987-1988 Joseph N. Black Hanover County

    1988-1989 Joseph S. Paxton Rockingham County

    1989-1990 M. E. (Mickey) Poole Loudoun County

    1990-1991 John Mitchell City of Colonial Heights

    1991-1992 James Grisso City of Roanoke

    1992-1993 Jeffrey Lunsford Montgomery County

    1993-1994 James McReynolds York County

    1994-1995 Raoul James Kister Albemarle County Service Authority

    1995-1996 Cecil R. Harris, Jr. Hanover County

    1996-1997 Mary C. Kemp Town of Herndon

    1997-1998 John Tuohy Fauquier County

    1998-1999 Clarence Daniel Henrico County

  • 10 October 24-26, 2018 Henrico, Virginia

    VGFOA Past Presidents (Cont’d.)

    Date President City/County

    1999-2000 Jesse Hall City of Roanoke 2000-2001 Shelley Carmichael Stafford County 2001-2002 Bill Johnson City of Colonial Heights 2002-2003 Joseph Casey Hanover County 2003-2004 Larry Clark Richmond (Henrico County)

    2004-2005 Phillip Grant Town of Vienna 2005-2006 Terry S. Stone Hanover County 2006-2007 Rebecca Owens Roanoke County

    2007-2008 Steven A. Solomon Fairfax County Housing

    2008-2009 Marycarol C. White York County 2009-2010 Ann Shawver City of Roanoke 2010-2011 Vivian McGettigan Prince William County Public

    Schools 2011-2012 Patricia Weiler City of Manassas 2012-2013 Charles Ramsay Henrico County

    2013-2014 Barbara Dameron City of Roanoke

    2014-2015 Jon Munch Fauquier County

    2015-2016 Renee Hoover Charlottesville City Schools

    2016-2017 Kathy Seay Hanover County

  • VGFOA Fall Conference 2018 11

    Certified Public Finance Officers Lisa Anderson, City of Lynchburg

    Lisa Breeden, Albemarle County

    Jennifer Brody, City of Fredericksburg

    Patsy Brown, Chesterfield County

    Vivian Calkins-McGettigan, York County

    Carrie Curry, Town of Leesburg

    Patricia Davidson, Rockingham County

    Deirdre Finneran, Fairfax County

    Victoria Herrick, City of Williamsburg

    Mark Highfield, James City County

    Barbara Horlacher, Hanover County

    Dennis Jarrett, York County School Division

    Reid Lanham, City of Lynchburg

    Sheila Minor, Minor and Associates, PLLC

    Jonathan Munch, Fauquier County

    Christopher Pietsch, Fairfax County

    Ann Shawver, Ann Harrity Shawver, CPA, PLLC

    Marta Smith, University of Mary Washington

    Carol Swindell, Minor and Associates, PLLC

    Gary Swink, City of Lexington

    Tammy Todd, City of Salem

    Lori Van Curen, Roanoke Higher Education Authority

    John Wallingford, Prince William County Public Schools

    Patricia Weiler, Powhatan County

    Kendall Williams, Washington County

    Regina Williams, Mountain Community Action Program

    Donna Witt, City of Lynchburg

    Susan Worrell, Albemarle County

    GFOA Certification Program

    The Certified Public Finance Officers Program (Certification Program) of the Government Finance Officers Association of the United States and Canada (GFOA) is a broad educational self-study program designed to verify knowledge in the disciplines of government finance. The Certification Program is governed by the Council on Certification. Technical and administrative support for the program is provided by Radford University's Governmental and Nonprofit Assistance Center.

  • 12 October 24-26, 2018 Henrico, Virginia

    VGFOA and Radford University GNAC Certificate Program

    The purpose of the VGFOA and Radford University GNAC Certificate Program is to:

    - Provide training in the areas of accounting, budgeting, cash management, debt, administration, internal controls, Virginia law and other topics pertinent to state and local governments.

    - Provide instructional support for those wishing to pursue the Government Finance Officers Association (GFOA) Certified Public Finance Officer (CPFO) certification.

    VGFOA and Radford University GNAC Certificate Recipients

    The following individuals have completed the requirements for the VGFOA and Radford University GNAC Certificate Program. Congratulations to our newest

    Certificate holders as of Fall 2018, designated in BOLD.

    Mary Altemus, New Kent County

    Jacqueline Althizer, Hanover County

    Tina Ammons, King and Queen County

    Ashley Anderson, Roanoke County

    Lisa Anderson, City of Lynchburg

    Dahlis Atkins, Isle of Wight County

    Elizabeth Atkinson, Roanoke County

    Margaret Bacon, Roanoke County

    Katie Bailey, Stafford County

    Pamela Barclay, City of Newport News

    Judy Barnes, Stafford County

    Monique Barnes, City of Hopewell Public Schools

    Leslie Beasley, Hanover County

    Mandy Belyea, Town of Woodstock

    Natalie Berger, Prince William County

    Diane Bergeron, City of Manassas

    Christina Berta, Williamsburg-James City County Public Schools

    Andrew Binks, James City County

    Mary Blowe, City of Winchester

    Tanya Burrell, Fairfax County

    Christina Brannan, Central Virginia Community College

    Lisa Breeden, Albemarle County

    Celeste Broadstreet, City of Winchester

    Jennifer Brody, City of Fredericksburg

    Jay Brown, Charles City County

    Tasha Burkett, City of Roanoke

    Esther Caesar, Prince William County Government

    Misty Caish, Virginia Beach City Public Schools

    Elizabeth Carpenter, Williamsburg-James City County Public Schools

    Brian Carter, Roanoke County

    Tanya Catron, Roanoke County

    Maria Cavin, Prince William County Schools

    Nickie Champion, Gloucester County

    Ju-Ling Cheng, Fairfax County

    Lillian Cheng, Fairfax County

    Carol Clancy, Fairfax County Housing

    Lisa Cockrell, Loudoun County

    Mary Collins, City of Lynchburg

    Jeanne Colvin, City of Staunton

  • VGFOA Fall Conference 2018 13

    VGFOA and Radford University GNAC Certificate Recipients Andrea Cooper, Gloucester County

    Joseph Correa, Albemarle County

    Michael Cosby, City of Roanoke

    Karen Covert, Town of Vienna

    Kathy Cox, Stafford County

    Susan Crawford, Bedford County

    Carrie Curry, Town of Leesburg

    Sheila Cutrell, City of Emporia

    Kathaleen Cyckowski, Fairfax County Water Authority

    Patricia Davidson, Rockingham County

    Lillie DeLancy, Virginia Lottery

    Paul Deming, Portsmouth City Public Schools

    Francis Deniega, City of Manassas

    Gerard Durkin, City of Richmond

    Teresa Eckhout, Central Virginia Waste Management Authority

    Jami Engel, Prince George County

    Rene Ewing, Williamsburg-James City County Public Schools

    Jon Farmer, Virginia Resources Authority

    Joseph Feaser, Virginia Housing Development Authority

    Deirdre Finneran, Fairfax County

    Paul Fitzgerald, Prince William County

    Andre Fletcher, Warren County

    Katrina Flowers, Virginia Department of Transportation

    Amy Ford, Accomack County

    Pamela Foster, Portsmouth Public Schools

    Kathryn Fox, City of Salem

    Rene Gapasin, Prince William County

    Ruth Garcia, Loudoun County

    Christine Garczynski, City of Norfolk

    Keena Garns, City of Virginia Beach

    Leesa Gayheart, Grayson County

    Laurie Gearheart, Roanoke County

    Cynthia Glascock, Town of Leesburg

    Anand Goutam, Fairfax County

    Patricia Green, Tazewell County

    Stephan Greennagel, Town of Herndon

    Lisa Greer, Roanoke County

    Sue Gregory, Roanoke Higher Education Center

    Tracy Gregory, City of Chesapeake

    Vicki Hall, Fairfax County

    Janet Haney, York County

    Tealen Hansen, City of Suffolk

    Dawn Hardman, Hanover County

    Deanna Harris, Mathews County

    Gail Hassmer, City of Charlottesville

    Randy Helwig, Stafford County

    Victoria Herrick, City of Williamsburg

    Rebecca Hicks, Isle of Wight County Schools

    Mark Highfield, Hanover County

    Beth Hindle, City of Winchester

    David Hockaday, Fairfax County

    Renee Hoover, Charlottesville City Schools

    Barbara Horlacher, Goochland County

    Anne Howerton, Dinwiddie County

    Wan Hu, City of Chesapeake

    Barbara Hudson, City of Lynchburg

    Sharon Hulehan, Virginia Beach City Public Schools

    Helen Hutchings-Bogart, Prince William County

    Stephanie Jackson, Halifax County

    Tisha Jaudon, Albemarle County

    David Jeavons, Roanoke Regional Airport Commission

    Margaret Jefferson, New Kent County

    William Jennings, Fairfax County Public Schools

    Lori Jones, Town of Hamilton

    Stephanie Jones, Virginia Resources Authority

    Zainab Kamara, Arlington County

  • 14 October 24-26, 2018 Henrico, Virginia

    VGFOA and Radford University GNAC Certificate Recipients Pamela Kamlakkannan, Commonwealth of

    VA – DPOR

    Julie Kaylor, Matthews County

    Tamara Keesecker, City of Manassas

    Teri Kent, Town of Herndon

    Patricia Kephart, City of Virginia Beach

    Alisa King, City of Waynesboro

    Teresa Kirkdoffer, City of Charlottesville

    Jana Kotalova, Arlington County

    Rocio Lamb, Albemarle County

    Reid Lanham, City of Lynchburg

    Jody Lawson, City of Roanoke

    Hansford Leake, Roanoke County

    Eileen Leonard, Prince William County

    Jian Lin, Albemarle County

    Denise Lindquist, City of Manassas

    Michael Longhi, Northern Virginia Transportation Authority

    Rebecca Longnaker, Chesterfield County

    Corrine Louden, Virginia Department of Corrections

    Kimberly Ludwig, Hanover County

    Zoe Lumpkin, City of Newport News

    Regina Magalong, Fairfax County

    James Mahone, Virginia Department of Treasury

    Robin Mamola, City of Lynchburg

    Arlene Matney, Tazewell County

    Teresa May, Loudoun County

    Aaron McCoy, Virginia Beach Sheriff’s Office

    Vivian McGettigan, York County

    Karen McMillan, Roanoke County

    Jennifer Meeks, Western Virginia Water Authority

    Sheila Minor, Minor and Associates, PLLC

    Kelly Moore, Sussex County

    Judy Morin, City of Newport News

    Deborah Morris, York County

    Dawn Mullins, City of Roanoke

    Jon Munch, Fauquier County

    Eileen Nguyen, Loudoun County

    Ngan Nguyen, Fairfax County

    Debbie Noble, City of Roanoke

    Kimberly Oates, Fairfax County Water Authority

    Tonya O’Connell, City of Newport News

    Daniel Ogbon, Fairfax County Housing

    Theresa Owens, City of Poquoson

    Vicky Pannell, Albemarle County

    Lisa Parker, City of Lynchburg

    Amy Pearson, Virginia Workers’ Compensation Commission

    Caitlin Pelletier, Hanover County

    Mark Pemberton, City of Lynchburg

    Mary Penney, City of Salem

    Jennifer Perkins, Dinwiddie County

    Sally Perry, City of Manassas

    Terrilyn Pete, Fauquier County

    Susan Peterson, Roanoke County Schools

    Lee Pfeiffer, Cumberland County

    Meera Phaltankar, City of Portsmouth Schools

    Diane Pham, Fairfax County

    Mark Phelps, City of Portsmouth Schools

    Heather Poulsen, James City County

    Sabrina Quan, Loudoun County

    Charles Ramsay, Henrico County

    Gwen Riddle, Town of Vienna

    Susan Riley, City of Virginia Beach

    Theresa Robey, Fairfax County Water Authority

    Elizabeth Roe, Prince William County

    Laura Rudy, Stafford County

    Lynn Ruths, Loudoun County

    Melissa Ryman, City of Falls Church

    Andy Scales, Middle Peninsula Regional Security Center

    Jerry Schulz, Town of Herndon

  • VGFOA Fall Conference 2018 15

    VGFOA and Radford University GNAC Certificate Recipients

    Marion Serfass, Town of Vienna

    Philip Serra, City of Williamsburg

    Ann Shawver, Ann Harrity Shawver, CPA, PLLC

    Delores Smith, Wise County

    Rhonda Sommer, City of Chesapeake

    Cindy Speck, City of Lynchburg

    Kelly Spencer, Albemarle County Department of Social Services

    Melody Sprague, Newport News Department of Human Services

    Stuart Stallman, Fairfax County Housing

    Marc Stein, City of Chesapeake

    Randee Stenroos, Arlington County

    Amy Stonebraker, New Kent County

    Gary Swink, City of Lexington

    Brian Stump, City of Newport News Waterworks

    Lora Swortzel, Augusta County

    Tewodros Tessema, City of Alexandria

    Sara Teyema, Arlington County

    Tara Thomas, Gloucester County

    Lisa Thorne-Izes, Prince William County Public Schools

    Lindsey Thornton, Chesterfield County

    Tammy Todd, City of Salem Patricia Townsend, Prince William County Public Schools

    Andrea Trent, City of Roanoke

    Jill Underwood, Bedford Regional Water Authority

    Misty Upson, VDOT

    Lori VanCuren, Roanoke Higher Education Authority

    Sharon Verry, Commonwealth of VA – DPOR

    Krisanee Vitoonkittikul, City of Falls Church

    Kimberly Warren, Fairfax County Water Authority

    Patricia Weiler, Powhatan County

    Jennifer Whetzel, Augusta County

    Deborah White, Goochland County Public Schools

    Marycarol White, Minor and Associates, PLLC

    Deborah Whitley, Fauquier Water and Sanitation Authority

    Jennifer Wilkerson, Hanover County

    Stacey Wilkes, Amherst County

    Kendall Williams, Washington County

    Regina Williams, Mountain Community Action Program Catherine Wilson, Chesterfield County

    Consuela Wilson, Chesterfield County

    Nora Wilson, Mathews County Social Services

    Donna Witt, City of Lynchburg

    Tara Woodruff, James City County

    Karen Woodson, City of Virginia Beach Public Schools

    Miryam Woodson, City of Virginia Beach

    Linda Woody, Town of Rocky Mount

    Susan Worrell, Albemarle County

    Penny Xu, Fairfax County Public Schools

    Jovelyn Yambao, City of Manassas

    Wendy Zhi, Fairfax County

  • 16 October 24-26, 2018 Henrico, Virginia

    Session Abstracts with Speaker Biographies

    Economic Update

    The United States economy is currently in the midst of the 2nd longest economic expansion since World War II. After a lackluster performance from 2010 to 2016, the Virginia economy picked up the pace in 2017 and is growing strongly in 2018. With global trade conflicts, an emerging currency crisis among developing countries, and uncertainty in Washington, D.C., can the recovery last through 2019? Are there storm clouds on the horizon and should we prepare for poor economic weather?

    Robert McNab, Professor

    ODU [email protected]

    Robert McNab currently serves as the Director of the Dragas Center for Economic Analysis and Policy in the Strome College of Business at Old Dominion University. He has published over 50 articles and chapters and is an Associate Editor with Journal of Economic Surveys and a board member of Public Finance and Management and Management and Organization Review. Governor Ralph Northam recently appointed McNab the Joint Advisory Board of Economists for the Commonwealth of Virginia and he is a member of the Federal Reserve Bank of Philadelphia’s Survey of Professional Forecasters.

    McNab received his Bachelor of Arts from California State University, Stanislaus in 1991 and his Ph.D. in Economics in 2001 from Georgia State University in Atlanta, Georgia.

    mailto:[email protected]

  • VGFOA Fall Conference 2018 17

    GASB Update - OPEB and So Much More The waiting is over; the implementation of other postemployment benefits has come. Statement 75 will be the main attraction of this session with an emphasis on what is required to be reported and how this information can be communicated. At the same time, there are other key GASB Statements that should not be overlooked by Virginia governments. New pronouncements that will be highlighted include fiduciary fund reporting, debt disclosures, leases, and the Omni-present implementation guides.

    David Bean, Director of Research and Technical Activities GASB

    [email protected]

    David Bean is the director of research and technical activities for the Governmental Accounting Standards Board. He assigns and provides oversight to the GASB’s research, technical, and administrative activities. Prior to joining the GASB in 1990, he worked in public accounting and government. He also has served as Deputy Chairman of the International Public Sector Accounting Standards Board.

    Bean is a member of the Government Finance Officers Association, the Connecticut and Illinois Government Finance Officers Associations, the American Institute of Certified Public Accountants, the Illinois CPA Society, the Association of Government Accountants, the National Federation of Municipal Analysts, and the Municipal Analysts Group of New York.

    mailto:[email protected]

  • 18 October 24-26, 2018 Henrico, Virginia

    Fraud An overview of the most common types of financial fraud, the schemes involved and the entities most targeted. Preventative and detection controls will be discussed along with other related areas to include but not be limited to the 5 key principals to managing fraud risk, offender types, limitations of external audits, the increasing role of internal auditors and other accounting and finance staff. Actual cases will be discussed, time permitting.

    Rusty Pounds, Manager Cherry Bekaert LLP [email protected]

    An experienced criminal investigator, auditor and corporate consultant for over 19 years, William Rusty Pounds is a Manager in Cherry Bekaert’s Fraud & Forensics practice. He specializes in consulting assistance to clients in numerous industries, with an emphasis on fraud investigation, public corruption, embezzlement, fraud prevention, mortgage fraud and financial crime enforcement operations. He is also a member of the Firm’s Fraud and Forensics group, assisting clients with forensic accounting, fraud examination services, fraud risk management, litigation support of financial crimes and defalcations and data analysis. Prior to joining Cherry Bekaert, he was a Special Agent within the Financial Crime Investigation Unit of the North Carolina State Bureau of Investigation.

    mailto:[email protected]

  • VGFOA Fall Conference 2018 19

    Speed Networking – Budget Style Back by popular demand, this speed networking session offers conference attendees the opportunity to network with fellow finance professionals. The session will bring a handful of hot topics to be discussed at the roundtables. This session is being offered on the first day of the conference to maximize the networking throughout the conference. You won’t want to miss the opportunity to meet some new people and learn from what others are doing across the state.

    Stephanie Jones, Senior Program Manager/Compliance Officer

    Virginia Resources Authority [email protected]

    Stephanie Jones is Senior Program Manager/ Compliance Officer at Virginia Resources Authority (VRA), the Commonwealth’s municipal bond bank. Since joining VRA in 2010, she now has primary responsibility for the oversight and ongoing review of all loans outstanding and reports quarterly to the Executive Director and Board on all matters relating to loan review and compliance. A member of Virginia Women in Public Finance, Jones was presented the organization’s prestigious Rising Star Award in 2014. In August 2015, she became an Executive Board member of the Virginia Government Finance Officers’ Association. She has earned the Virginia Government Finance Officers’ Certificate and the Virginia Local Government Management Association/ Virginia Tech Graduate Certificate in Local Government Management. Jones received both her B.A. in Economics and her Master of Public Policy from William and Mary. While obtaining her MPP, she interned in the Williamsburg City Manager’s Office. She is also a graduate of the Commonwealth Management Institute.

    mailto:[email protected]

  • 20 October 24-26, 2018 Henrico, Virginia

    Keynote Session - Developing the Leaders around You

    The pathway to growing an organization is to grow its leaders. The message is simple: leaders can’t do it alone. To succeed at the highest levels, they must surround themselves with a team of influencers. Although leaders may see the big picture, they need other leaders at their side to make the picture a reality. Those closest to a leader will determine the magnitude of his or her success. That’s why a leader has to take responsibility for training and equipping a core group of leaders. An organization’s growth depends upon the growth of its personnel, and the more people you lead, the more leaders you need. Successful leaders maximize the abilities of those they supervise, and empower them to exercise their influence for the benefit of the organization.

    Ed Peterson, Owner Transform Leadership

    [email protected]

    Ed Peterson is an experienced leader having held several leadership roles during his 37-year career. He honed his leadership skills during his 25-year career at AREVA Inc., a global nuclear engineering and services company, and by serving in several community organizations and his church. He is a certified trainer, speaker and coach with the John Maxwell Team, the top leadership development organization in the world.

    mailto:[email protected]

  • VGFOA Fall Conference 2018 21

    Financial Sustainability

    GFOA has been researching a new model for how local governments can become financially sustainable, which is based on a Nobel-prize winning body of work about how communities can make better decisions about shared resources, such as a public budget. It builds on the concepts of long-term financial planning and financial policies. It also raises a number of new concepts that our research has shown to be vital to financial sustainability. At this session, you will be introduced to the new framework, learn its essential components, and find out how you can start to put it into practice.

    Shayne Kavanagh, Senior Manager of Research GFOA

    [email protected]

    Shayne Kavanagh is the Senior Manager of Research for GFOA and has been a leader in developing the practice and technique of long-term financial planning and policies for local government. He started GFOA's long-term financial planning and policy consulting offering in 2002 and has been working with governments on financial planning and policies ever since. Prior to joining GFOA, he was the Assistant Village Manager for the Village of Palos Park, Illinois, where he was responsible for managing all aspects of financial management operations, including budgeting, utility billing, payroll, and accounting. He received his MPA degree from Northern Illinois University.

    mailto:[email protected]

  • 22 October 24-26, 2018 Henrico, Virginia

    The Key to Being a Better Finance Director: Better Storytelling

    If you were asked to list the most common skills among finance directors, you’d likely respond with skills like accounting, mathematics, analysis, and budgeting. Storytelling probably wouldn’t make the list. And that’s a shame, because the best finance directors are great storytellers. In this session, Charlie Francis will explain how storytelling can help broaden the finance directors' responsibilities and influence. He will also share his best practices for becoming a better storyteller.

    Charlie Francis, Director of Government Finance Solutions OpenGov

    [email protected]

    Charlie Francis is a municipal finance expert. He has more than forty years of local government financial management experience in both the public and private sector, including twenty years of experience as a Chief Financial Officer. Most recently, he served as the Director of Administrative Services and Treasurer for the City of Sausalito. He has also served as a finance manager for the Town of Colma, CA and as CFO and acting City Manager for the Cities of Indian Wells, CA and Tracy, CA.

    mailto:[email protected]

  • VGFOA Fall Conference 2018 23

    Role of Financial Policies in Preparing the Budget

    Adherence to financial policies is critical to the financial health of cities, counties, and towns. This session will examine the importance of incorporating financial policies in the annual operating budget process to promote financial discipline and stability.

    Charles Meek, Assistant Budget Director City of Suffolk

    [email protected]

    Charles Meek is the assistant director of finance/budget for the City of Suffolk. He oversees the Department of Finance’s budget division, which is responsible for the coordination of the capital improvements plan and annual operating and capital budget. He has served the City of Suffolk for over 12 years in various capacities including budget manager and senior administrative analyst in the city manager’s office. He also served as assistant to the county administrator in Isle of Wight County. He began his career in local government as a graduate intern and then as grants manager and redevelopment director with the Town of Shenandoah in Page County. Meek holds a bachelor’s degree in history and political science from Bridgewater College and a master’s degree in public administration from James Madison University.

    mailto:[email protected]

  • 24 October 24-26, 2018 Henrico, Virginia

    Backup Withholding & Form 1099-Misc. Update

    Learn about the tax liability you face if you issue Forms 1099 with incorrect names and/or tax identification numbers. Find out about increased penalties passed by Congress. What do you do if you receive a notice from the IRS? How can you prevent this from happening in the first place? The IRS is here to help you. No, really.

    Michael Durland, Revenue Agent IRS

    [email protected]

    Michael Durland is a revenue agent in the IRS office of Federal, State, and Local/Employment Tax. After serving as an Air Force officer for four years, he worked in the corporate marketing departments of Kraft, Inc. and Perdue Foods. Durland joined the IRS in 1994, where he audited personal, partnership and corporate income tax returns until 2001, when he joined a newly-formed division dedicated to serving federal, state and local governments. After leaving to work with the Government Entities Compliance Unit for five years, he returned to federal, state and local employment tax in 2014. Durland earned a master’s degree in Accounting in 1992, then worked for a regional accounting firm and earned his CPA license.

    mailto:[email protected]

  • VGFOA Fall Conference 2018 25

    Economic Update With new Fed Open Market Committee (FOMC) members and a new Chair, this economic update will touch upon the FOMC’s announced policy of “normalizing” interest rates (covering the recent past, present and near future), the FOMC, U.S. domestic economy and interest rates, along with frequently used statistics.

    Greg Pagans, Vice President Multi Bank Securities

    [email protected]

    Greg Pagans joined Multi-Bank Securities, Inc. (MBS) in 2004 as a vice president of institutional sales. He works with municipalities, special districts, banks, credit unions, insurance companies and other institutional investors. He helps his clients achieve their goals by using U.S. government securities, agency securities, certificates of deposit (CDs), mortgage-backed securities, corporate bonds, cash management and fixed-income investments. Throughout his career, Pagans has worked with mortgage-backed securities, agency bonds, municipal bonds, CDs, corporate bonds and mutual funds. He assists institutional clients with industry applications – including MBS’s eConnectDirect® platform – and is proficient in Bloomberg systems used to analyze fixed-income and mortgage products. Pagans completed his Bachelor of Arts in 1985 at Baylor University in Waco, Texas, while working for a local law firm. Additionally, he holds the following FINRA licenses: a Limited-Investment Securities (Series 6), a General Securities Representative (Series 7), a General Securities Principal (Series 24), a Municipal Advisor Representative (Series 50) and a Uniform Securities Agent State Law Representative (Series 63).

    mailto:[email protected]

  • 26 October 24-26, 2018 Henrico, Virginia

    Budgeting for Outcomes – Adapting the Process Budgeting for Outcomes is a methodology that allocates a locality’s anticipated revenues to specific outcomes, with a focus on strategic priorities and desired results. This session will discuss the background and components of the process, and how this approach allows for improved communication and transparency, both internally and with the public. The City of Roanoke will share details of the journey and perspectives on the involvement of employees in budgetary recommendations, as well as the need for flexibility and changes to the process that have been made along the way.

    Katie Davis, Budget Analyst

    City of Roanoke [email protected]

    Katie Davis is currently a Budget Analyst for the City of Roanoke in the Office of Management & Budget, and supports all departments that fall within the Operations cluster. She has worked in local government for seven years, and has previously held other financial positions in her tenure with the City of Roanoke, including capital accountant and in debt management. She earned her B.B.A. from Roanoke College and M.B.A. from Valdosta State University. She also served as a member on the Resiliency 2.0 Taskforce for GFOA, and authored an article in the Government Finance Review based on the work done by that team.

    Amelia Merchant, Director of Finance

    City of Roanoke [email protected]

    Amelia Clark Merchant was appointed as the Director of Finance in December 2017, a merger of the Department of Finance and the Department of Management and Budget. She served the City of Roanoke as the Director of Management and Budget for seven years prior to this appointment. She has been employed with the City of Roanoke since 2001 serving also as the Acting Director of Finance, Budget Administrator and Budget/Management Analyst. Merchant holds an MBA with a Management concentration from Virginia Tech, Blacksburg, Virginia (1994) and a B.S in Physics (Norfolk State University, Norfolk, Virginia, Dozoretz National Institute for Minorities in Applied Science) (1991).

    mailto:[email protected]:[email protected]

  • VGFOA Fall Conference 2018 27

    Protecting Phone-Based Transactions and Understanding PCI Compliance

    There’s a lot of focus and excitement on collecting payments through digital channels, but phone payments still represent a significant piece of the pie. According to JD Power, 50% of bill payers will call at least once a year to pay a bill. How are you protecting customer information collected over the phone? If you accept, or are looking to accept card payments over the phone, this educational session is a must. We’ll explore:

    • Risks associated with phone-based transactions • PCI regulations and guidelines that apply to phone payments

    • Ways to take secure phone payments without sacrificing customer service • Best practices to reduce billing and payment calls to your call center • How to reduce the burden, cost, and risk of PCI compliance on your

    business

    Jason Herbert, Senior Account Manager Paymentus

    [email protected]

    Jason Herbert is a senior member of the Paymentus Account Management team and brings over fifteen years of electronic payments software and services industry experience. Having worked with and for Third Party Payment Processors, Payment Software providers and Issuing Banks he has diverse experience in payment software industry.

    mailto:[email protected]

  • 28 October 24-26, 2018 Henrico, Virginia

    Best Practices in Managing OPEB Trusts Rising healthcare expenditures, ongoing budgetary concerns, and changes in actuarial discount rates continue to threaten the sustainability of OPEBs, and state and local governments must act soon to solve long-term funding needs. With the implementation of GASB 74 and 75, more employers are considering pre-funding a Trust to help address their OPEB liabilities. During this session, we will briefly discuss the benefits of pre-funding an OPEB Trust and the steps required to establish one, including Virginia Code requirements. Then we will take a deeper dive into best practices in managing OPEB Trusts, including developing an investment policy statement, determining the appropriate asset allocation, managing fees, and fraud prevention. We will also discuss the responsibilities of a local OPEB Finance Board and how members can ensure they are implementing these best practices.

    Kathleen Bowe, Senior Managing Consultant PFM

    [email protected]

    Kathleen Bowe works with cities, counties, utilities and other public and non-profit organizations to develop customized investment programs for operating funds, bond proceeds and defined benefit plans. Her responsibilities include performing portfolio structuring and analysis, developing investment policies, reviewing portfolio performance, cash flow modeling, and asset allocation analysis. She is a member of and frequent instructor for the VGFOA and TAV. She also serves as Vice President of the Board of Directors for the Virginia chapter of Women in Public Finance. She graduated from the University of Virginia with a B.A. in Economics.

    Clark Case, Director of Finance and Admin Services Town of Leesburg

    [email protected]

    Clark Case has been the Director of Finance and Administrative Services for the Town of Leesburg since September 2014. While at Leesburg he led the setup of the Town’s independent OPEB Trust and investment program, conducted many innovative business process improvements, and built a strong financial team. He was the Assistant Finance Officer/Treasurer for the City of Winston-Salem, NC from 2004 to September 2014. During this period, he was responsible for operations, administration, accounting and management of a $557 million portfolio of cash, fixed income and equity investments. He has Bachelors of Science and MBA degrees from the University of Kansas.

    mailto:[email protected]:[email protected]

  • VGFOA Fall Conference 2018 29

    Best Practices in Budgeting

    This session will be teeming with tips and tools to enhance your budget development process and increase transparency. Topics to be discussed include strategies for community engagement via holding effective public meetings and usage of web tools. In addition, you’ll learn about best practices such as data-driven business cases, process changes, financial policies, and relationship building among staff. Come prepared to ask questions, as the session will include a panel discussion of budgeting best practices from the perspective of a county, a city, an authority, and a school division, followed by a question and answer period. You’ll leave this session full of ideas about how to improve your budget development!

    Meghan Coates, Budget and Management Director Chesterfield County

    [email protected]

    Meghan Coates has worked for Chesterfield County for 10 years, and currently serves as Budget and Management director. As department director, she is responsible for the oversight of the county’s $1.3 billion consolidated budget and five-year capital improvement plan. Additionally, she was instrumental in redesigning the budget process to make it more customer friendly, and was a key contributor to the county’s ongoing community outreach efforts through Blueprint Chesterfield. Coates holds a bachelor’s degree from Roanoke College, a master’s degree from Virginia Commonwealth University, and a certificate in design thinking and innovation from the University of Virginia’s executive education program.

    Quin Lunsford, Director of Finance Albemarle County Service Authority

    [email protected]

    Quin Lunsford is the Director of Finance for the Albemarle County Service Authority (ACSA) and has served the community in this role since 2014. The ACSA provides water and sewer service to Albemarle County residents in the urbanized ring around the City of Charlottesville, the communities of Crozet and Scottsville, and the Village of Rivanna. Before joining the ACSA, he audited Towns, Cities, Counties, and Authorities with a regional public accounting firm.

    mailto:[email protected]:[email protected]

  • 30 October 24-26, 2018 Henrico, Virginia

    Best Practices in Budgeting (Cont’d.)

    Terry Stone, Assistant Superintendent for Business and Operations Hanover County Public Schools

    [email protected]

    Terry Stone serves as Assistant Superintendent for Business and Operations for Hanover County Public Schools. Prior to her appointment with HCPS, she was employed by Henrico County Public Schools as Assistant Superintendent for Finance and Administration. Previously, Stone served as Chief Financial Officer for Williamsburg James City County Schools, as Director of Finance for Hanover County Public Schools from 2008 to 2013 and as Director of Finance for Hanover County from 2005 to 2008. She received a Bachelor of Science degree in Accounting from Virginia Commonwealth University and is a Certified Public Accountant.

    Debbie White, Director of Finance Goochland County Public Schools

    [email protected]

    Debbie White has been with Goochland County Schools for seven years where, as Chief Financial Officer, she is responsible for operating and capital budgets, financial reporting, payroll, accounts payable, miscellaneous receivables, grant compliance, purchasing, and coordinating policy and special projects with senior leadership. Previously, she was Director of Finance for the City of Suffolk and the Augusta County Service Authority. White graduated from the University of Virginia with a B.S. in Chemistry, Virginia Commonwealth University with an M.B.A and picked up advanced accounting classes from Radford University prior to earning her C.P.A. She is the recipient of the VGFOA certificate program and a Certified Administrator of School Finance and Operations (ASBO).

    Donna Witt, Director of Financial Services City of Lynchburg

    [email protected]

    Donna Witt was promoted to Director of Financial Services in June 2006. For the six months prior to that date, she served as the Financial Services Department’s Interim Director, assuming the duties and responsibilities of the retiring Director on January 1, 2006. She is responsible for directing overall financial planning and policy by identifying, monitoring, and analyzing the fiscal condition of the City. Witt possesses 35 years of financial services experience, having received her Bachelor of Arts Degree from Liberty University in 1983 with a Major in Accounting and a Minor in Business Administration.

    mailto:[email protected]:[email protected]:[email protected]

  • VGFOA Fall Conference 2018 31

    FOIA The presentation will provide an overview of the legal requirements regarding access to public records under FOIA, including what is a public record, how to make a public records request, how to respond to records requests, information on exemptions from mandatory disclosure, and the remedies available should a violation occur.

    Alan Gernhardt, Executive Director FOIA Council

    [email protected]

    Alan Gernhardt is the Executive Director of the Virginia Freedom of Information Advisory Council. He began working with the Council as a staff attorney in 2004, was promoted to senior attorney in 2008, and became executive director of the Council in 2017. He earned a B.S. degree from Indiana University and a J.D. from the University of Richmond, T.C. Williams School of Law. The Council issues formal and informal advisory opinions, publishes educational materials, provides training presentations, and serves as a legislative forum regarding access to public records and meetings under the Virginia Freedom of Information Act.

    mailto:[email protected]

  • 32 October 24-26, 2018 Henrico, Virginia

    Virginia CPA Ethics: 2018 Required Course Fulfill your annual, two-hour Virginia Board of Accountancy (VBOA) ethics requirement with a course that is trusted by more than 8,000 CPAs year after year. This course is based on the VBOA’s required outline for 2018.

    Krista Edoff, Partner Cherry Bekaert LLP

    [email protected]

    Krista Edoff has more than fourteen years of experience providing audit and accounting services to public sector clients including financial and performance audits, agreed upon procedures, Single Audits and compliance audits. She is a member of the American Institute of Certified Public Accountants, the Virginia Society of Certified Public Accountants, the National and Virginia chapter of the Government Finance Officers Association, and the Affordance Housing Association of Certified Public Accountants. She is also a member of the AICPA’s Peer Review program, where her focus is governmental audits. Edoff received her Bachelors of Science in Accounting and Masters of Accounting from Florida State University.

    mailto:[email protected]

  • VGFOA Fall Conference 2018 33

    GASB 87: Lease Reporting The Governmental Accounting Standards Board (“GASB”) has a new single model to help state and local governments report leasing agreements. GASB Statement (“GASBS”) No. 87, Leases, categorizes leases as financing arrangements that allow customers to use the leased asset. Speaking on the leasing standard, GASB Chairman David Vaudt said the guidance brings into line the accounting and financial reporting of lease arrangements with their economic nature and will reduce confusion among governmental financial statement auditors and preparers. This session will explore these new requirements effective no later than reporting periods beginning after December 15, 2019.

    Rob Churchman, Partner Cherry Beakaert LLP

    [email protected]

    With more than 23 years of experience serving public sector federal, state and local governments and not-for-profits, Rob Churchman is an Audit Partner in the Richmond office of Cherry Bekaert. He serves as the Firm’s Audit Leader in Virginia for the Government Services Group. Prior to joining Cherry Bekaert, he was the Public Sector Partner in Virginia for a Big Four accounting firm. Throughout his career, he has served various public sector organizations as a teacher and subject matter expert, while also serving as a member of several related teams, such as the Commonwealth of Virginia’s Auditor of Public Accounts’ GASB #34 and #45 task forces, the VSCPA government issues task force and the GFOA Certificate for Excellence in Financial Reporting program

    mailto:[email protected]

  • 34 October 24-26, 2018 Henrico, Virginia

    An Inside Look into the Rating a Local Government Analysts from the three national rating agencies will provide an inside look into rating local governments. This discussion will focus on the rating process as a whole and explore a rating analyst’s responsibilities before, during, and after a rating call/meeting occurs with an issuer. Analysts will provide insights and recommendations into each step of the process in hopes of making it more transparent. In addition, the panel will also provide an overview of the surveillance process, which occurs once a rating has been assigned. This discussion will include timing and variation in the types of surveillance reviews, as well as touch upon the level of local government participation required.

    Evette Caze, Director

    Fitch Ratings [email protected]

    Evette is a Director in Fitch Ratings’ Public Finance Department. Her area of focus consists of credit ratings for tax-supported credits in the Southeastern and Mid-Atlantic regions. Prior to joining Fitch, she worked as an Assistant Vice President at several bond insurers, as an underwriter and as an analyst in risk management providing credit analysis of municipal issuers requesting bond insurance. She holds a Master’s of Science in Management and Urban Policy from The New School - Milano School for Urban Policy and Management. Caze received her BA in Finance from the Stern School of Business at New York University.

    Evan Hess, Analyst Moody’s

    [email protected] Evan Hess is an Associate Lead Rating Analyst at Moody’s Investors Service, covering U.S. Local Governments in the Southeast. He has been at Moody’s for over four years. He is the lead analyst for local government ratings in Kentucky and a lead back-up for local government ratings in Virginia and South Carolina. Prior to joining Moody’s, Hess worked as a Commercial Banking Financial Analyst at Columbia Bank in Washington State. He holds a BA in Accounting from Western Washington University and is currently pursuing his MBA at New York University.

    mailto:[email protected]:[email protected]

  • VGFOA Fall Conference 2018 35

    An Inside Look into the Rating a Local Government (Cont’d.)

    Nora Wittstruck, Director S&P Global Ratings

    [email protected]

    Nora Wittstruck joined S&P Global Ratings in January 2016 and is currently a Director within the Local Government East Region team covering local government credits from Maine to Virginia as well as serving on the analytical team covering New York City, the City of Atlanta, Georgia, and the State of Texas. Prior to joining S&P Global, she worked for the State of Florida in the Division of Bond Finance as a Bond Development Specialist. She received her Master’s in Public Administration from the University of North Texas in Denton, Texas and her Bachelor of Arts in Political Science from Truman State University in Kirksville, Missouri.

    mailto:[email protected]

  • 36 October 24-26, 2018 Henrico, Virginia

    Fiscal Distress Monitoring Process & APA Update This session will provide an update on various local government topics to include reminders on important annual audit and reporting requirements and the comparative report transmittal process; results of the APA’s quality control reviews over CPA firms auditing Virginia’s local governments; and key reminders on the upcoming GASB 75 OPEB implementation from a state perspective as it impacts local governments. Lastly, this session will provide a brief overview on the APA’s fiscal distress monitoring over localities that began during July 2017, and focus on discussing the APA’s current process during 2018 to further enhance and refine the model and annual monitoring process.

    Rachel Reamy, Audit Manager APA

    [email protected]

    Rachel Reamy is an audit manager with the Virginia Auditor of Public Accounts, and has been with the APA for over nine years. As the APA’s Local Government Manager, she is responsible for compiling the annual Comparative Report of Local Government Revenues and Expenditures, along with various responsibilities related to oversight and monitoring of Virginia’s local governments. Additionally, she performs other specialty tasks, including acting as project manager for state agency audits, providing internal technical assistance related to audit and accounting standards, assisting in the APA’s strategic planning process, and developing and presenting internal trainings as well as external trainings for various local government focused groups (i.e.: VML, VACO, VGFOA, legislative committees). Reamy received her B. S. in Accounting and Criminal Justice from Old Dominion University, and her Masters of Accountancy from Liberty University. She is a member of the Virginia Government Finance Officers’ Association, the Virginia Society of CPAs, and the Association of Government Accountants, and holds a certification as a Certified Government Financial Manager.

    mailto:[email protected]

  • VGFOA Fall Conference 2018 37

    Voyages of Procurement Commonly mistaken as a method of payment, procurement is a vital component to the three way match process. In this session we will discuss key factors for the finance, operations, and procurement departments when building and developing our supply chain relationships.

    Sharita Bryant, Procurement Management Account Executive Dept. of General Services

    [email protected]

    Sharita Bryant is currently serving as a Procurement Management Account Executive in the Policy, Consulting & Review Bureau in the Division of Purchases & Supply at the Department of General Services. She provides procurement management consulting and technical assistance to Commonwealth of Virginia (COVA) agencies. Prior her current role, she served as a Lead Sourcing and Contracting Officer by assisting in the planning and direction of the Statewide Sourcing and Contracting Team & supervised administrative personnel. Prior to joining Department of General Services, she held several procurement roles at Virginia Department of Motor Vehicles. Bryant is an advocate professionally and civically; she is currently serving as the President of the Virginia Association of Governmental Purchasing (VAGP), Vice President of the Henrico County Council of PTAs, and a trainer for the Virginia Institute of Procurement.

    mailto:[email protected]

  • 38 October 24-26, 2018 Henrico, Virginia

    Succession Planning: It’s Easier Than You Think This interactive and practical presentation will define and outline the key components of a succession plan and identify easy steps that can be taken right away, regardless of your position within the entity. Participants will receive a Succession Plan Worksheet to help prioritize which succession planning components are most important, determine who needs be involved and what specific action steps can be taken towards developing your own succession plan.

    Margie Hamner Starfish Consulting

    [email protected]

    Margie Hamner is an experienced and respected human resources professional, trainer and leadership coach with over 25 years of experience in non-profit, private and public sector organizations. During her career she held various positions including Human Resources and Organizational Development Manager for Prince William County Service Authority where she managed the training and development program, Senior HR Specialist for the American Federation for State, County and Government Employees focusing on recruitment and HR Specialist for the BNA Bloomberg concentrating on training and employee relations. Hamner has a bachelor degree from American University, a coaching certification (ACC) from the International Coach Federation and a Certified Performance and Learning Professional certification from the Association for Talent Development. She also serves as an adjunct instructor for the College of Southern Maryland and the Public Utilities & Waterworks Management Institute.

    mailto:[email protected]

  • VGFOA Fall Conference 2018 39

    VGFOA Fall Conference 2018 Gold Sponsors

    Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance. Wells Fargo Government and Institutional Banking is a specialized business with professionals who are experienced in understanding the unique challenges faced by state and local governments in a time of budgetary pressures and fiscal constraints. From raising capital and managing assets to increasing operational efficiencies, we can offer the right combination of services to help you achieve your goals. Let us put the knowledge gained from experience to work for you. To learn more, visit wellsfargo.com/government.

    http://wellsfargo.com/government

  • 40 October 24-26, 2018 Henrico, Virginia

    VGFOA Fall Conference 2018 Silver Sponsors

    The Virginia Resources Authority (VRA) was established in 1984 by the General Assembly to provide an additional source of funding for local infrastructure projects. Initially focusing on providing financing for public water and wastewater projects, projects eligible for VRA financing have expanded to 18 distinct areas, including public safety, transportation, broadband, parks & recreation, local government buildings, and energy. An eleven member Board of Directors, appointed by the Governor, oversees VRA operations and provides strategic guidance to the Executive Director. Since its inception, VRA has funded more than 1,800 critical projects across the Commonwealth for investments exceeding $8.5 billion.

  • VGFOA Fall Conference 2018 41

    VGFOA Fall Conference 2018 Bronze Sponsors

    MAXIMUS is a national consulting firm that specializes in providing financial services to the public sector. Our dedicated professionals develop solutions that help governments track spending, manage funds more effectively, and better plan for the future. Through cost allocation plans, indirect cost rate calculations, user fees studies, and IT rate studies; we provide proven tools that have resulted in improved cost recoveries for hundreds of cities, counties, states and special districts.

    The PFM Group of companies, including Public Financial Management, Inc. (PFM), PFM Asset Management LLC (PFMAM) and PFM Swap Advisors LLC (PFMSA) are national leaders in providing independent financial advice and investment advisory, management and consulting services to local, state, and regional government and non-profit clients. With locations across the U.S., including two in Virginia, we combine the stature and resources of a national firm with the clear understanding of the needs and preferences of Virginia clients. Over the past seven years, PFM has advised our Virginia clients on over $9 billion of financings, making us the leading advisor in the Commonwealth during this period, according to Ipreo. In addition, PFMAM had more than $5 billion in assets under management in Virginia at December 31, 2014, including almost $3.7 billion in assets under management for the Virginia State Non-Arbitrage Program (SNAP). Additional services provided by the PFM Group (www.pfm.com) include Management and Budget Consulting, Strategic Forecasting Services, and Pension/Retirement Finance.

    Raymond James provides solutions to debt capital needs for public, private and not-for-profit companies and municipal entities. Consistently ranked among the top ten municipal bond underwriters in the nation, our team of veteran Public Finance bankers provides innovative solutions to often complex financing needs through a powerful distribution network and premier underwriting desk. Through mutual confidence and trust, deep knowledge, and extensive experience, we give our clients access to success.

  • 42 October 24-26, 2018 Henrico, Virginia

    VGFOA Fall Conference 2018 Bronze Sponsors

    RSM’s dedicated industry team helps public sector entities—including federal, state and local government units—across the country improve performance through a comprehensive understanding of their business models, internal processes, objectives and daily realities. RSM US LLP (formerly McGladrey LLP) is the leading provider of audit, tax and consulting services focused on the middle market, with more than 8,000 people in 80 offices nationwide. It is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms. For more information, visit www.rsmus.com.

  • VGFOA Fall Conference 2018 43

    VGFOA Fall Conference 2018 Sponsors

    Whether large or small, local governments must continually be aware of complex compliance regulations and be able to provide accurate and timely financial information to everyone from government officials to citizens. With over 30 years of experience conducting municipal audits, Brown Edwards professionals understand your budgetary constraints and the regulatory environment within which you operate. We go beyond the required compliance audit by giving value-added service to our clients. For more information, visit our website: www.BEcpas.com.

    Davenport provides Financial Advisory and Underwriting services to public sector and not-for-profit issuers in the Mid-Atlantic region. In addition, our firm actively participates, through underwriting syndicates, in a wide variety of national issues. As financial advisor, Davenport handles the debt issuance process for the placement of tax-exempt and taxable municipal securities in both private placement and public offerings. As underwriter, we are able to serve as senior manager or co-manager in assisting our clients with all aspects of a financing transaction including structure, terms and conditions of the issue, market timing and distribution.

    Divcodata is an award-winning full-service Printing, Data and Statement/Bill Processing firm headquartered in Chattanooga, Tennessee, since 1992. Starting as Diversified Printing we quickly expanded to include mailing services in 1995. A credentialed Major Mail Service Provider by the US Postal Service, DivCoData averages more than 60 million mail pieces annually. DivCoData currently serves more than 500 county & city governments & municipalities, as well as utility companies across 12 states ranging from Virginia to Missouri, and from Louisiana to Florida.

    http://www.becpas.com/

  • 44 October 24-26, 2018 Henrico, Virginia

    VGFOA Fall Conference 2018 Sponsors

    PBMares, LLP, a Virginia-based accounting and business consulting firm, with six offices strategically located throughout the State offers a full range of financial and business advisory services to clients across Virginia and throughout the Mid-Atlantic. Our Municipal Government Niche is comprised of a dedicated team of professionals who focus on the unique compliance and regulatory needs of our clients in the public sector. The team members bring more than 60 years of experience in providing assurance and management consulting services to all forms of local governments with specialty in serving service authorities and counties, cities and towns. Team members stay up-to-date on governmental developments and devote significant time researching and studying the economics, operational issues and trends affecting governmental entities to ensure they are on the leading edge of issues affecting the municipal government clients they serve.

    VML/VACo Finance was established in 2003 to address many of the financial needs of Cities, Counties, Towns, School Divisions, and Authorities in the Commonwealth of Virginia. Through our pooled offerings and economies of scale, we provide superior financial services at lower cost. VML/VACo Finance offers three financing programs for capital projects and equipment; the Pooled OPEB Trust Fund; Virginia Investment Pool; and Accounting Services. Each program is designed to benefit governmental entities of every size and financial strength.

    U.S. Bancorp (NYSE: USB), with $364 billion in assets as of Dec. 31, 2013, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The company operates 3,081 banking offices in 25 states and 4,906 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment service products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

    http://www.usbank.com/

  • VGFOA Fall Conference 2018 45

    VGFOA Fall Conference 2018 Exhibitors

    Becker Professional Education is a global leader in quality professional education, empowering people to advance their careers. We have helped nearly half a million Accounting, Project Management and Healthcare professionals. Our product offerings include: CPA Exam Review and Continuing Professional Education for accountants, ACCA

    ® Exam

    preparation, PMP® Exam Review, USMLE

    ® Exam Review and COMLEX

    ®

    Exam Review. We are proud of our rich history and track record of growth spanning more than 50 years. Our global presence includes 250 locations worldwide with more than 1,500 partners—including accounting firms, federal, state and local government agencies, societies, corporations and universities.

    Bingham Arbitrage Rebate Services, Inc., a woman-owned firm located in Richmond, Virginia — leading the way in expert tax-exempt bond compliance since 1988. Our unique focus includes Arbitrage Rebate, Verification and Schedule K Form 990 Services. Working closely with bond counsel, Bingham’s highly experienced staff continually monitors changes in U.S. Treasury Regulations and tax laws, guiding clients through myriad compliance complexities, from Small Issuer to large volume issuances. We are ready to help your organization learn the in’s and out’s of bond compliance. Please visit our website at www.bingham-ars.com or call us on our toll-free number (888) 900-5312. We welcome the opportunity to serve you.

    Whether large or small, local governments must continually be aware of complex compliance regulations and be able to provide accurate and timely financial information to everyone from government officials to citizens. With over 30 years of experience conducting municipal audits, Brown Edwards professionals understand your budgetary constraints and the regulatory environment within which you operate. We go beyond the required compliance audit by giving value-added service to our clients. For more information, visit our website: www.BEcpas.com.

    http://www.becpas.com/

  • 46 October 24-26, 2018 Henrico, Virginia

    VGFOA Fall Conference 2018 Exhibitors

    Divcodata is an award-winning full-service Printing, Data and Statement/Bill Processing firm headquartered in Chattanooga, Tennessee, since 1992. Starting as Diversified Printing we quickly expanded to include into mailing services in 1995. A credentialed Major Mail Service Provider by the US Postal Service, DivCoData averages more than 60 million mail pieces annually. DivCoData currently serves more than 500 county & city governments & municipalities, as well as utility companies across 12 states ranging from Virginia to Missouri, and from Louisiana to Florida.

    Edmunds & Associates provides our clients with cost effective financial software that assists them to better run their local government. We are a privately held and debt-free corporation that has been dedicated to servicing local governments since 1972. Edmunds began developing PC based financial and revenue collection software for our clients in 1984. We have over 670 government clients on the East Coast utilizing our application software products.

    We are a payment technology company, and we know government payments. We develop, host and deploy the widest range of payment products and industry specific solutions in the market, enabling you to optimize your revenue cycle and workflow while reducing risk. Our government payments platform allows our team to provide versatile solutions that work across the enterprise of federal, state & local government. We offer fully secure multi-channel payment processing, superior reporting tools, and multilingual solutions, all backed by our accessible support.

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    VGFOA Fall Conference 2018 Exhibitors

    Kofax is a leading supplier of software and solutions to automate and digitally transform human and information intensive processes across front and back office operations. These can dramatically improve customer engagement, greatly reduce operating costs, mitigate compliance risk and increase competitiveness, growth and profitability. Its broad range of software and solutions can be deployed in the cloud or on premise, and include robotic process automation, business process management, multichannel capture and other critically important capabilities. These provide a rapid return on investment to over 20,000 Kofax customers in financial services, insurance, government, healthcare, supply chain, business process outsourcing and other markets. Kofax delivers its software and solutions through its direct sales and services organization and more than 650 indirect channel partners in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.

    Kronos, a global provider of human capital management solutions, solely focused on delivering an integrated suite of software and services that enable organizations to reduce costs, increase productivity, improve employee satisfaction, and enhance the level of service they provide.

    Point & Pay designs, builds, and integrates specialized payment solutions (credit/debit cards, ACH, eChecks) for governments, utilities, courts, and other organizations. Products include: EMV terminals, in-person payment management systems, customizable websites, custom-scripted Interactive Voice Response payments, EBPP, and mobile payments. All products and services are built using security and compliance as the foundation. Our competitive differentiator is excellence in customer service and efficiency in project management. To learn more, visit our booth or go to www.pointandpay.com.

    http://www.pointandpay.com/

  • 48 October 24-26, 2018 Henrico, Virginia

    VGFOA Fall Conference 2018 Exhibitors

    RDA helps small public sector organizations that need to successfully upgrade and maintain their ERP systems. Our boutique approach allows us to provide concierge type services and software. Implementation risk is reduced by measuring project duration in months not years. Our native SaaS products and personal services save our customers money and improve constituent services. In Virginia alone, 35 organizations trust RDA as their ERP provider.

    RSM’s dedicated industry team helps public sector entities—including federal, state and local government units—across the country improve performance through a comprehensive understanding of their business models, internal processes, objectives and daily realities. RSM US LLP (formerly McGladrey LLP) is the leading provider of audit, tax and consulting services focused on the middle market, with more than 8,000 people in 80 offices nationwide. It is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms. For more information, visit www.rsmus.com.

    We are a Provider of Financial Management Software (FMS). FMS offers modules for Accounts Payable, Accounts Receivable, Business License, Fixed Assets, General Ledger, Payment Central, Payroll, Property Taxes, Utility Billing and Vehicle Decals. FMS is fully integrated, allowing each module to stand alone or work in conjunction with the other modules. All modules have powerful reporting options with customer designed template capabilities. Our newest module is Alarm Billing!

    http://www.rsmus.com/

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    VGFOA Fall Conference 2018 Exhibitors

    TD Bank, America’s Most Convenient Bank®, is one of the 10 largest banks

    in the U.S. and is committed to delivering a banking experience that’s smart and easy. Your needs are different and we understand that. That's why we offer a wide array of deposit, investment and loan products designed to meet your special needs. Our Government Banking team provides deposit, investment and loan products with unparalleled service to public entities from Maine to Florida.

    With more than 14,000 clients, Tyler Technologies is a leading provider of software and services for the public sector. Designed with an insider’s understanding of the public sector market, Tyler Solutions improve the flow of information throughout an organization, empowering local/county governments, schools and other entities to better serve citizens.

    U.S. Bancorp (NYSE: USB), with $364 billion in assets as of Dec. 31, 2013, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The company operates 3,081 banking offices in 25 states and 4,906 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment service products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

    VACORP is a member-owned risk pool that provides affordable, stable, and reliable, comprehensive self-insurance and risk management services to Virginia’s local governments, school divisions, regional jails, other public entities and authorities. VACORP tailors coverages and services to meet its members’ needs. The STRENGTH you need, the PARTNERSHIP you expect.

    http://www.usbank.com/

  • 50 October 24-26, 2018 Henrico, Virginia

    VGFOA Fall Conference 2018 Exhibitors

    VML Insurance Programs partners with roughly 475 local political subdivisions across Virginia to provide risk management and insurance. We are the most financially secure pool in Virginia, providing our members the benefit of rate and financial stability and the peace of mind that we can cover their losses. We are committed to reducing our members’ total cost of risk through expansive coverage, service, and resource capabilities.

    Workiva is a leading provider of enterprise cloud solutions for data collaboration, reporting, and compliance. More than 3,000 organizations worldwide, including companies of all sizes, government agencies, and educational institutions, trust our cloud platform to improve productivity, connect data, and gain confidence in their data-driven decisions. For more information about Workiva (NYSE:WK), please visit workiva.com.

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