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<p class=MsoNormal align=center style='text-align:center'><b><font size=3
color="#003399" face=Arial><span style='font-size:12.0pt;font-family:Arial;
color:#003399;font-weight:bold'>GASB No. 54: Fund Balance Reporting and
Governmental Fund Type Definitions<o:p></o:p></span></font></b></p>
<p class=MsoNormal align=center style='text-align:center'><b><font size=2
color=red face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:red;font-weight:bold'>April 29, 2009, 11:00 a.m. PT<o:p></o:p></span></font></b></p>
<p class=MsoNormal align=center style='text-align:center'><i><font size=4
face=Arial><span style='font-size:14.0pt;font-family:Arial;font-style:italic'><o:p> </o:p></span></font></i></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>NASACT’s next audio conference will address the key
requirements of GASB Statement No. 54, <i><span style='font-style:italic'>Fund
Balance Reporting and Governmental Fund Type Definitions<em><i><font
face=Arial><span style='font-family:Arial'>. </span></font></i></em></span></i><em><i><font
face=Arial><span style='font-family:Arial;font-style:normal'>Anticipated for
final release in March 2009, this</span></font></i></em><em><i><font
face=Arial><span style='font-family:Arial'> </span></font></i></em>statement
will enhance the usefulness of fund balance information by providing clearer
fund balance classifications that can be more consistently applied, and by
clarifying the existing governmental fund type definitions. This statement
also establishes fund balance classifications that comprise a hierarchy based
primarily on the extent to which a government is bound to observe constraints
imposed upon the use of the resources reported in governmental funds.</span></font><font
size=2><span style='font-size:10.0pt'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=text align=left style='text-align:left;text-indent:0in'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>The initial
distinction that is made in reporting fund balance information is identifying
amounts that are considered <i><span style='font-style:italic'>nonspendable,</span></i>
such as fund balance associated with inventories. The statement also
provides for additional classification as <i><span style='font-style:italic'>restricted,
committed, assigned</span></i>, and <i><span style='font-style:italic'>unassigned</span></i>
based on the relative strength of the constraints that control how specific
amounts can be spent. Governments are required to disclose information
about the processes through which constraints are imposed on amounts in the
committed and assigned classifications. <o:p></o:p></span></font></p>
<p class=text align=center style='text-align:center;text-indent:0in'><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p> </o:p></span></font></p>
<p class=text align=left style='text-align:left;text-indent:0in'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>Definitions of
these terms and practical guidance in making the distinctions will be provided
during the 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 color=black face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:black'>Dean Mead, GASB project manager, will discuss
the key requirements of GASB No.54. He will be joined by Robert Attmore,
chair of GASB, or David Bean, GASB director of research, who will provide
comments during the audio conference and be available for questions during the
last 25 minutes of the event. <o:p></o:p></span></font></p>
<p class=MsoNormal><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 class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>This audio conference is sponsored by NASACT in conjunction
with the Association of Government Accountants and the Association of Local
Government Auditors.<b><span style='font-weight:bold'> <o:p></o:p></span></b></span></font></p>
<p class=MsoNormal><b><i><font size=3 color="#1f497d" face=Arial><span
style='font-size:12.0pt;font-family:Arial;color:#1F497D;font-weight:bold;
font-style:italic'><o:p> </o:p></span></font></i></b></p>
<p class=MsoNormal><b><font size=2 color="#003399" face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:#003399;font-weight:bold'>Date</span></font></b><font
size=2 color="#003399" face=Arial><span style='font-size:10.0pt;font-family:
Arial;color:#003399'> </span></font><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>
Wednesday, April 29, 2009<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 color="#003399" face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:#003399;font-weight:bold'>Time</span></font></b><font
size=2 color="#003399" face=Arial><span style='font-size:10.0pt;font-family:
Arial;color:#003399'> </span></font><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>
11:00 a.m. – 12:50 p.m. <b><font color=red><span style='color:red;
font-weight:bold'>Pacific Time<o:p></o:p></span></font></b></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 style='mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:74.9pt;margin-bottom:.0001pt;text-indent:-74.9pt'><b><font size=2
color="#003399" face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:#003399;font-weight:bold'>Location
</span></font></b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Oregon Department of Veterans’ Affairs Auditorium<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'><font size=2 face=Arial><span style='font-size:
10.0pt;font-family:Arial'>700 Summer St NE<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'><st1:place w:st="on"><st1:City w:st="on"><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>Salem</span></font></st1:City><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>, <st1:State
w:st="on">OR</st1:State> <st1:PostalCode w:st="on">97301-1285</st1:PostalCode></span></font></st1:place><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p style='mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:6.0pt;
margin-left:74.9pt'><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial;font-weight:bold'>(Note: Food and beverages are not
permitted in the auditorium.)<o:p></o:p></span></font></b></p>
<p style='mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt'><b><font size=2 color="#003399"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#003399;
font-weight:bold'>Map
link </span></font></b><b><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:navy;font-weight:bold'><a
href="http://www.google.com/maps?f=q&hl=en&q=700+Summer+St+NE,+Salem,+OR+97301&om=1"><font
color=navy><span style='color:navy'>http://www.google.com/maps?f=q&hl=en&q=700+Summer+St+NE,+Salem,+OR+97301&om=1</span></font></a><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 style='margin-left:1.0in;text-indent:-1.0in'><b><font
size=2 color="#003399" face=Arial><span style='font-size:10.0pt;font-family:
Arial;color:#003399;font-weight:bold'>Speakers</span></font></b><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'> D<font
color=black><span style='color:black'>ean Mead, GASB Project Manager, </span></font>Robert
H. Attmore, GASB Chairman<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:1.0in'><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>David R. Bean, Director of Research,
GASB<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:74.1pt;text-indent:-74.1pt'><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:1.0in;text-indent:-1.0in'><b><font
size=2 color="#003399" face=Arial><span style='font-size:10.0pt;font-family:
Arial;color:#003399;font-weight:bold'>CPE</span></font></b><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'>Two credits<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'><o:p> </o:p></span></font></b></p>
<p class=MsoNormal><b><font size=2 color="#003399" face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:#003399;font-weight:bold'>Cost</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>
Free (Hosted by the State Controller’s Division)<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'><o:p> </o:p></span></font></b></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="#003399" face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:#003399;font-weight:bold'>Register </span></font></b><font
size=2 color="#333399" face=Arial><span style='font-size:10.0pt;font-family:
Arial;color:#333399'> </span></font><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>Please send
an e-mail to <b><span style='font-weight:bold'><a
href="mailto:SCD.REGISTER@state.or.us"
title="blocked::mailto:SCD.REGISTER@state.or.us
mailto:SCD.REGISTER@state.or.us"><font
color=black
title="blocked::mailto:SCD.REGISTER@state.or.us
mailto:SCD.REGISTER@state.or.us"><span
title="blocked::mailto:SCD.REGISTER@state.or.us
mailto:SCD.REGISTER@state.or.us"><span
title="blocked::mailto:SCD.REGISTER@state.or.us"><span style='color:windowtext;
text-decoration:none'>SCD.REGISTER@state.or.us</span></font></a></span>.
The following information should be included in the text of your email:<o:p></o:p></span></b></span></font></p>
</span>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.5in;margin-bottom:.0001pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'><span style='mso-list:Ignore'>1.<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></span></font></b><![endif]><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'>Name and date of training (enter in subject line of message)<o:p></o:p></span></font></b></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.5in;margin-bottom:.0001pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'><span style='mso-list:Ignore'>2.<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></span></font></b><![endif]><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'>Attendee name<o:p></o:p></span></font></b></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.5in;margin-bottom:.0001pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'><span style='mso-list:Ignore'>3.<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></span></font></b><![endif]><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'>Agency name and address<o:p></o:p></span></font></b></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.5in;margin-bottom:.0001pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'><span style='mso-list:Ignore'>4.<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></span></font></b><![endif]><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'>Email address<o:p></o:p></span></font></b></p>
<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:
1.5in;margin-bottom:.0001pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'><span style='mso-list:Ignore'>5.<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></span></font></b><![endif]><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'>Telephone number <o:p></o:p></span></font></b></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="#003399"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#003399;
font-weight:bold'> <o:p></o:p></span></font></b></p>
<p class=MsoNormal><b><font size=2 color="#003399" face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:#003399;font-weight:bold'>If
you have any questions, please call Kathy Dixon at 503-373-7277, ext. 283.<o:p></o:p></span></font></b></p>
<p class=MsoNormal><b><font size=3 face="Times New Roman"><span
style='font-size:12.0pt;font-weight:bold'><o:p> </o:p></span></font></b></p>
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