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<p class=MsoNormal align=center style='text-align:center'><b><i><font size=3
face=Arial><span style='font-size:12.0pt;font-family:Arial;font-weight:bold;
font-style:italic'>Implementing GASB Statement No. 49: A Cooperative Effort in <st1:place
w:st="on"><st1:State w:st="on">New York</st1:State></st1:place><o:p></o:p></span></font></i></b></p>
<p class=MsoNormal align=center style='text-align:center'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>A Training Audio
Conference<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>NASACT, in conjunction with the Association of Government
Accountants and the Association of Local Government Auditors, is pleased to
announce the latest in its series of audio conferences addressing timely issues
in government auditing and financial management.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>This audio conference will address the key implementation
issues of GASB Statement No. 49, <em><i><font face=Arial><span
style='font-family:Arial'>Accounting and Financial Reporting for Pollution
Remediation Obligations</span></font></i></em><em><i><font face=Arial><span
style='font-family:Arial;font-style:normal'>. Issued in November 2006, t</span></font></i></em>his
Statement is effective for financial statements for periods beginning after
December 15, 2007, with measurement of pollution remediation liabilities
required at the <i><span style='font-style:italic'>beginning</span></i> of that
period so that beginning net assets can be restated.</span></font><em><i><font
face="Times New Roman"><span style='font-style:normal'><o:p></o:p></span></font></i></em></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>GASB No. 49 is designed to enhance comparability of
financial statements among governments by requiring all governments to account
for pollution remediation obligations in the same manner, including required
reporting of pollution remediation obligations that previously may not have
been reported. It will also enhance users’ ability to assess
governments’ obligations by requiring more timely and complete reporting
of obligations as their components become reasonably estimable. However,
for many financial statement preparers and auditors, this standard is
presenting more implementation issues than originally anticipated.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Among the key implementation issues that will be discussed
are:<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-left:37.05pt;text-indent:-19.95pt;mso-list:
l0 level1 lfo2'><![if !supportLists]><font size=2 face=Symbol><span
style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<font
size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'>
</span></font></span></span></font><![endif]><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>Assessment - evaluating the impact
of the Statement on the State’s remediation environment. <o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:37.05pt;text-indent:-19.95pt;mso-list:
l0 level1 lfo2'><![if !supportLists]><font size=2 face=Symbol><span
style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<font
size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'>
</span></font></span></span></font><![endif]><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>Outreach - identifying potential
State reporting entities and increasing awareness of GASB No. 49 requirements
and deadlines. Also, identifying State expertise and other available
resources.<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:37.05pt;text-indent:-19.95pt;mso-list:
l0 level1 lfo2'><![if !supportLists]><font size=2 face=Symbol><span
style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<font
size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'>
</span></font></span></span></font><![endif]><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>Methodology – determining the
acceptable methods to estimate the liability relative to such factors as:
population size, which can vary greatly among reporting entities; embedded
pollution remediation related costs which can be difficult to estimate in
relation to total project cost; and, limitations of the current accounting
system which require combining information from multiple systems in order to
calculate the outstanding obligation.<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:37.05pt;text-indent:-19.95pt;mso-list:
l0 level1 lfo2'><![if !supportLists]><font size=2 face=Symbol><span
style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<font
size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'>
</span></font></span></span></font><![endif]><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>Internal control – determining
what internal controls are needed to ensure that obligating events are
identified,<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:37.05pt;text-indent:-19.95pt;mso-list:
l0 level1 lfo2'><![if !supportLists]><font size=2 face=Symbol><span
style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<font
size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'>
</span></font></span></span></font><![endif]><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>Reporting – determining when
remediation outlays may be capitalized instead of being reported as
liabilities,<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:37.05pt;text-indent:-19.95pt;mso-list:
l0 level1 lfo2'><![if !supportLists]><font size=2 face=Symbol><span
style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<font
size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'>
</span></font></span></span></font><![endif]><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>Recoveries – examining how
potential recoveries from insurers or from other responsible parties can reduce
the measurement of remediation obligations.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><b><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy;
font-weight:bold'>Date:</span></font></b><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'>
Wednesday, September 24, 2008<o:p></o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><b><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy;
font-weight:bold'>Time:</span></font></b><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'>
11:00 a.m. – 12:50 p.m. PDT<o:p></o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><b><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy;
font-weight:bold'>Location:</span></font></b><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy'>
Department of Administrative Services<o:p></o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'>
SFMS Conference Room, 1<sup>st</sup> Floor<o:p></o:p></span></font></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
.5in;margin-bottom:.0001pt;text-indent:.5in'><st1:Street w:st="on"><st1:address
w:st="on"><font size=2 color=navy face=Arial><span style='font-size:10.0pt;
font-family:Arial;color:navy'>155 Cottage St NE</span></font></st1:address></st1:Street><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:navy'><o:p></o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'>
<st1:place
w:st="on"><st1:City w:st="on">Salem</st1:City>, <st1:State w:st="on">OR</st1:State>
<st1:PostalCode w:st="on">97201</st1:PostalCode></st1:place><o:p></o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><b><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy;
font-weight:bold'>Map link</span></font></b><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'>:
<a href="http://www.oregon.gov/DAS/docs/maps/CapMall.pdf"
title="http://www.oregon.gov/DAS/docs/maps/CapMall.pdf"><font color="#2f3684"
title="http://www.oregon.gov/DAS/docs/maps/CapMall.pdf"><span
title="http://www.oregon.gov/DAS/docs/maps/CapMall.pdf"><span style='color:
#2F3684'>http://www.oregon.gov/DAS/docs/maps/CapMall.pdf</span></span></font></a><o:p></o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><b><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy;
font-weight:bold'>Cost:</span></font></b><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'>
Free (sponsored by SCD)<o:p></o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><b><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy;
font-weight:bold'>CPE:</span></font></b><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'>
2 CPE hours<o:p></o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'> <o:p></o:p></span></font></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
74.9pt;margin-bottom:.0001pt;text-indent:-74.9pt'><b><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy;
font-weight:bold'>To register: </span></font></b><b><font
size=2 color=red face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:red;font-weight:bold'>Due to limited seating capacity, maximum
registration is 20.</span></font></b><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'><o:p></o:p></span></font></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.0in;margin-bottom:.0001pt'><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'>Please send an e-mail to <a
href="mailto:SCD.REGISTER@state.or.us" title="mailto:SCD.REGISTER@state.or.us"><font
color=navy title="mailto:SCD.REGISTER@state.or.us"><span
title="mailto:SCD.REGISTER@state.or.us"><span style='color:navy'>SCD.REGISTER@state.or.us</span></span></font></a>.
The following information should be included in the text of your email:<o:p></o:p></span></font></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.25in;margin-bottom:.0001pt;text-indent:-.25in'><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy'>1.</span></font><font
size=1 color=navy><span style='font-size:7.0pt;color:navy'>
</span></font><font size=2 color=navy face=Arial><span style='font-size:10.0pt;
font-family:Arial;color:navy'>Name and date of training (enter in subject line
of message)<o:p></o:p></span></font></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.25in;margin-bottom:.0001pt;text-indent:-.25in'><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy'>2.</span></font><font
size=1 color=navy><span style='font-size:7.0pt;color:navy'>
</span></font><font size=2 color=navy face=Arial><span style='font-size:10.0pt;
font-family:Arial;color:navy'>Attendee name<o:p></o:p></span></font></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.25in;margin-bottom:.0001pt;text-indent:-.25in'><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy'>3.</span></font><font
size=1 color=navy><span style='font-size:7.0pt;color:navy'>
</span></font><font size=2 color=navy face=Arial><span style='font-size:10.0pt;
font-family:Arial;color:navy'>Agency name and address<o:p></o:p></span></font></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.25in;margin-bottom:.0001pt;text-indent:-.25in'><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy'>4.</span></font><font
size=1 color=navy><span style='font-size:7.0pt;color:navy'>
</span></font><font size=2 color=navy face=Arial><span style='font-size:10.0pt;
font-family:Arial;color:navy'>Email address<o:p></o:p></span></font></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.25in;margin-bottom:.0001pt;text-indent:-.25in'><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy'>5.</span></font><font
size=1 color=navy><span style='font-size:7.0pt;color:navy'>
</span></font><font size=2 color=navy face=Arial><span style='font-size:10.0pt;
font-family:Arial;color:navy'>Telephone number</span></font><font size=2
color=blue face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:blue'> </span></font><font size=2 color=black face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:black'><o:p></o:p></span></font></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.25in;margin-bottom:.0001pt;text-indent:-.25in'><b><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy;
font-weight:bold'> <o:p></o:p></span></font></b></p>
<p class=MsoNormal><b><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy;font-weight:bold'>If you
have any questions, please call Kathy Dixon at 503-373-7277, ext. 283.</span></font><font
color=navy><span style='color:navy'><o:p></o:p></span></font></b></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial;font-weight:bold'> </span></font></b><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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