[OSSSA218] Fwd: FW: AGA Today - 02.28.11(www.agacgfm.org/publications/agatoday/022811/index.aspx)

Mon Feb 28 06:57:53 PST 2011

Karen Park

Oregon State Social Security Coordinator
Oregon PERS
503 603-7633
karen.park at state.or.us

SL2

Please note my office hours are Monday thru Thursday 6 am to 4:30 pm

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>>> "DeVore, Vandee" <Vandee.DeVore at oa.mo.gov> 2/28/2011 6:54 AM >>>

FYI

From: AGA National Office [mailto:postmaster12 at 303media.net] 
Sent: Monday, February 28, 2011 5:06 AM
To: DeVore, Vandee
Subject: AGA Today - 02.28.11 (www.agacgfm.org/publications/agatoday/022811/index.aspx)

Highlights 

Listen to NLC Keynote Speakers
D.C. based, Federal News Radio (WFED AM 1500), set up a live broadcast at AGA's Ninth Annual National Leadership Conference last week. Morning anchor, Tom Temin, conducted interviews with keynote speakers that included: Jeanette Franzel, MBA, CGFM, CPA, managing director of Financial Management and Accountability, U.S. Government Accountability Office; Richard Haley, Chief Financial Officer and Assistant Director, Finance Division, Federal Bureau of Investigation, U.S. Department of Justice; Mark Easton, Deputy Chief Financial Officer, Office of the Under Secretary of Defense (Comptroller), U.S. Department of Defense; Anthony Scardino, CGFM, Chief Financial Officer, U.S. Patent and Trademark Office; Jay Hurt, Chief Financial Officer, Federal Student Aid, U.S. Department of Education; Doug Criscitello, Chief Financial Officer, U.S. Department of Housing and Urban Development. Listen to the interviews. 

NLC CPE Certificates Now Available for Printing Online
The 2011 NLC CPE Certificates have been posted online. Visit the AGA homepage and click on the red navigation button that says 'Print CPE Certificate'. You will need your member ID, which can be found on the bottom corner of your conference badge. If you cannot remember the number, please contact meetings at agacgfm.org. 

AGA Advertising Opportunities! 
Advertise in AGA's electronic newsletters - TOPICS and AGA Today! Get maximum exposure and build your brand. Find out what's available in an upcoming issue. Click here for all the information you need to run your ad. Or, you can contact April Pardoe.

Network with AGA Online Anytime

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Visit AGA on GovLoop February 28, 2011 - News from the Profession

AGA Today is Brought to You by AGA Corporate Partner Clifton Gunderson 
Clifton Gunderson, ranked as one of the nation's largest certified public accounting and consulting firms, is a leader in providing assurance, risk management, IT security, financial accounting and management, and management advisory services for federal, state and local government agencies. Visit our website at www.cliftoncpa.com for more information.

Point of Contact
Patrick Byer, MBA, CPA, CGFM, CISA, CISM
301.931.2050
Pat.Byer at cliftoncpa.com

State and Local News 
Census: Near-Record Level of U.S. Counties Dying
In America's once-thriving coal country, 87-year-old Ed Shepard laments a prosperous era gone by, when shoppers lined the streets and government lent a helping hand. Now, here as in one-fourth of all U.S. counties, West Virginia's graying residents are slowly dying off.

Hit by an aging population and a poor economy, a near-record number of U.S. counties are experiencing more deaths than births in their communities, a phenomenon demographers call "natural decrease."

Years in the making, the problem is spreading amid a prolonged job slump and a push by Republicans in Congress to downsize government and federal spending.

"You're the anchors of our Main Streets," President Barack Obama told small business leaders in Cleveland on Tuesday. "We want your stories - your successes, your failures, what barriers you're seeing out there to expand. How can America help you succeed so that you can help America succeed?" - Associated Press. Read more. 
Decline in Bond Market Has States Nervous
Illinois plans to sell $3.7 billion in pension obligation bonds this week, as part of Governor Pat Quinn's plan to address the state's persistent budget deficits.
The last three months have not been pretty in the municipal bond market. Spooked by predictions of government bankruptcies and defaults, investors - especially those in big mutual funds - have fled the field, selling off $20 billion worth of state and local bonds in the process. The exodus, in turn, has left states that need to borrow wary. The number of new offerings from state and local governments is down to a level not seen in 11 years.

Basically, as panicked investors sell off their old bonds on the street, states have not restocked the shelves in the market by issuing new ones.

All this turmoil could cost taxpayers money. Interest rates on the highest-rated municipal bonds are up by more than one-third since late August, notes Kinney Poynter, the director of the National Association of State Auditors, Comptrollers and Treasurers. As rates go up,'states have to pay more to issue their debt,' Poynter says, 'which means citizens have to pay more for infrastructure projects like roads, schools, etc. So it's had a dramatic effect.' - Daniel C. Vock, Stateline. Read more. 
Federal News

GASB Proposes Guidance for Applying Termination of Hedge Accounting Provisions 
The Governmental Accounting Standards Board (GASB) issued its Exposure Draft (ED), Derivative Instruments: Application of Hedge Accounting Termination Provisions (an amendment of GASB Statement No. 53). The deadline for submitting written comments on the ED is April 15, 2011. 

GASB Statement No. 53, Accounting and Financial Reporting for Derivative Instruments, provides for the use of hedge accounting for derivatives that are effective hedges. Hedge accounting entails reporting fair value changes of a hedging derivative as either deferred inflows or deferred outflows of resources, rather than recognizing those changes in investment income. The Statement requires that hedge accounting cease, and all accumulated deferred amounts be reported in investment income, when a hedging derivative is terminated. Read more. 
Study: One-fourth of Federal Websites Surveyed Rank High in Transparency
A quarter of federal websites surveyed scored high in online transparency, which also was found to be associated with high ratings for customer satisfaction and participation, according to a new study from the research firm ForeSee Results. 
For the eight of 32 federal websites that scored 80 or higher on a 100-point transparency scale in 2010, there is a strong correlation with customers being more satisfied, more likely to rely on the website as a primary resource of information and more likely to recommend the website to others, Foresee said in a report issued Feb. 22. 
Top-scoring agencies for the fourth quarter of 2010 included the U.S. Citizenship and Immigration Services agency, National Oceanic and Atmospheric Administration, Navy, Air Force and the National Human Genome Research Institute. - Alice Lipowicz, Federal Computer Week. Read more. 
Federal Agencies, Contractors Preparing for Government Shutdown
Federal agencies continued reviewing shutdown plans Wednesday in anticipation of a possible closure of the federal government that could begin as early as next week.
Most of this week's planning probably revolves around determining which employees would need to work, according to Barry Anderson, a budget expert who handled shutdown-related concerns for the Office of Management and Budget during the Clinton-era closures.

A series of memos written by Attorney General Benjamin Civiletti in the closing days of Jimmy Carter's administration still dictate how agencies should make those determinations. Federal programs drawing funds from annual appropriations should continue to operate if there is a "reasonable and articulable connection between the function to be performed and the safety of human life or the protection of property," Civiletti wrote. - Ed O'Keefe, The Washington Post. Read more. 
Accounting Standards News

FASAB Hosts Second Forum on Managerial Cost Accounting
Wendy Payne, executive director of the Federal Accounting Standards Advisory Board, is hosting a second forum to provide an opportunity for the federal community to learn about others' experiences with using managerial cost accounting (MCA).  As requested by participants at the last forum, this next forum will focus on the use of MCA beyond just the traditional use for calculating widget-based user fees.

The forum, Managerial Cost Accounting Part II: Usefulness of MCA Beyond the Widgets, will be held:

Wednesday, March 16, 2011
8:30 AM to 12:30 PM
GAO Auditorium 
441 G. Street, NW

Visit the forum's webpage to see the agenda and register for the event.  Registration is open on a first-come, first-served basis until seats are filled.  FASAB staff will provide speaker bios, presentations and certificates of attendance via e-mail after the session to document attendees' CPE. 

Upcoming Audio Conferences 
March 9: Planning, Conducting and Reporting Performance Audit Work Even More Efficiently: Additional Tools to Improve Your Office's Performance Audit Productivity
March 23: Tools to Assist in Establishing a Performance Management System for Your Government - What You Need to Know
NEW! March 30: Program Integrity\Innovation and Approaches for 21st Century Oversight and Accountability 
2011 Audio Conference Schedule

Discounted March 30 Audio Conference Features Program Integrity Issues
AGA is pleased to announce a new and increasingly important topic to our audio conference schedule - program integrity in the digital age. 'Program Integrity - Innovation and Approaches for 21st Century Oversight and Accountability - is set for 2 - 3:50 p.m. EDT, March 30.

How does an enterprise achieve oversight and accountability in the digital age? Seasoned federal and state oversight experts provide an overview and training on establishing effective program integrity in an enterprise today, whether it is a government agency or private firm. Speakers present program integrity solutions that work, and analyze those that do not. They demonstrate how and why effective oversight is essential in the lightning-speed context of information transactions today.

To share their practical experience in program integrity are James G. Huse Jr., senior adviser, Grant Thornton Public Sector, and Gary Heuer, CFE, chief of investigations, Department of Banking and Insurance, Bureau of Fraud Deterrence, state of New Jersey.
Special Discounted Cost: $175 per site (UNLIMITED ATTENDANCE) if you register on or before Friday, March 25 and $200 thereafter.

- Register online
- Print the registration form and fax it to 703.684.6933.
If you have any questions regarding registration, please contact Maria Lucas at 800.AGA.7211, ext. 308. Questions regarding the program should be directed to Raymond Harris, CGFM, at 518.280.6317.

AGA Staff List
AGA Membership Application
CGFM Application
Audio Conferences
Training OpportunitiesOther AGA Links

Learn More About the CGFM Certification
Register for AGA's Second Annual Federal Performance Conference,
May 3-4, Arlington, VA 
Register for AGA's 60th Annual Professional Development Conference & Exposition,
July 10-13, Atlanta, GA 
Bring New AGA-Sponsored Training Courses to Your Organization

© Association of Government Accountants 2011
Disclaimer: AGA serves government accountability professionals by providing quality education, fostering professional development and certification, and supporting standards and research to advance government accountability. If you would like to opt off of future AGA mailings, please e-mail agawebmaster at agacgfm.org. Thank you.

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