Registration for the NCGFOA Certified Finance Officer Exams on October 25 and 26 will opened today, Wednesday, October 17 at 8:00 a.m. The following links are for instructions on the registration process and for the registration links page directly. Please note that the School of Government has a new registration system and you may be required to create an account if you have not recently. All of this information is in the instructions page.
REGISTRATION WILL BE AVAILABLE UNTIL MONDAY, OCTOBER 22, AT NOON.
Once registration has closed, complete information regarding instructions for access, technical support and parameters of the exams themselves will be provided no later than Wednesday, October 24.
EXAM ACCESS WILL BE FROM 8:00 A.M. – 3:00 P.M. EACH DAY THE EXAMS ARE BEING OFFERED. TECHNICAL SUPPORT, IF NEEDED, WILL ONLY BE AVAILABLE FROM 8:00 A.M – 5:00 P.M. ON THE EXAM DAYS. EACH EXAM IS 2 HOURS MAXIMUM IN LENGTH AND WILL CLOSE AT THE END OF TWO HOURS IF NOT ALREADY COMPLETED AND SUBMITTED. ONCE AN EXAM OPENS, A TIMER BEGINS AND CANNOT BE PAUSED AND REVISITED AT A LATER TIME. ALL OF THESE INSTRUCTIONS WILL BE PROVIDED WHEN YOUR ACCESS CREDENTIALS ARE PROVIDED TO YOU NEXT WEEK.
Exam Registration Links
IF YOU ARE UNABLE TO AUTOMATICALLY LINK, COPY AND PASTE THE ACTUAL URL INTO YOUR BROWSER. PLEASE CONTACT THE SCHOOL OF GOVERNMENT REGISTRAR IF ANY OTHER ISSUES ARISE WITH ACCESSING THE INFORMATION.
Budgeting in Local Government
November 6-9, 2018, School of Government
This four-day course covers the legal and management framework of budget preparation and enactment in North Carolina local government. Participants will discuss the numerous processes and techniques used to produce an annual operating budget and capital budget.
- Local Government Fiscal and Control Act (Only for participants who have not attended Introduction to Local Government Finance)
- Tax Efficiency & Equity
- Economic Development
- Revenue Forecasting
- Resource Allocation
- Budgeting for Schools and Human Services
- Budgeting for Enterprises
- Fund Balance
- Citizen Engagement
- Capital Improvement Program
- Financial Condition Analysis
- Budget Presentation
- Revenue-Neutral Property Tax Rate
- Budget Award & Course Evaluation
Who Should Attend: This course is intended for city and county managers, budget and finance officers, budget and financial analysts, and other officials who have significant responsibilities for annual budget preparation and enactment.
Registration: Register online at https://www.sog.unc.edu/courses/budgeting-local-government for this course.
Faculty Coordinator: Whitney Afonso, Assistant Professor of Public Administration and Government.
For more information: Contact Alycia Inserra, Program Management Team Lead, at 919.843.7736 or email@example.com.
As was announced in August, the first online offering for the NCGFOA Finance Officer Certification Exams was scheduled to be Thursday and Friday, September 27 and 28. Given the widespread impact of Hurricane Florence and the demands that are going to be placed on management and finance officials over the next weeks and even months, the Certification Committee believed it best to postpone the first offering. Also, the University has been closed since late last week and is now dealing with unexpected IT issues, thus this will give them time to approve the final platform, a task that was scheduled for this week. The first online exams are now scheduled for Thursday, October 25 and Friday, October 26. Afterwards, the online exams will be held on the final successive Thursday and Friday of January, May, and September each year. Continue reading
The Governmental Accounting Standards Board (GASB) recently released GASB Statement No. 87, Leases. This project is a bit unusual in that it basically mirrors a similar recent project of the Financial Accounting Standards Board. In the end, both the private sector and the public sector will be accounting for operating lease arrangements in basically the same way. When implemented, this standard will change how the accounting and financial reporting is done for most operating lease arrangements, with very limited exceptions. The standard will not affect, however, how capital lease arrangements are currently accounted for and reported.
By Zach Mohr and Madison Esterle
One of the fundamental problems for local government public budget and finance research in the United States is the availability of audited financial data in a format that is easy to collect and analyze. This is a problem for both researchers that are trying to assemble large data sets and for practitioners that live in states that do not have centralized collection of this data. It is also a problem for cross state data collection, which is quite common for local jurisdictions that live on the borders of states. Undoubtedly, there is much duplication of effort and a great need for local government financial information that is comparable for research and practice.
The Governmental Accounting Standards Board (GASB) apparently never slows down! The past several years have seen an explosion of activity that includes significant changes to governmental financial reporting – and there is MUCH more to come! A future blog post will focus on the most recently approved pronouncement – GASB Statement No. 87, Leases, which provides guidance for lease contracts for nonfinancial assets, and is consistent with private-sector lease requirements recently approved by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). This blog post, however, is a quick peek into the current GASB agenda and the expected timelines for those projects.
The UNC School of Government has just posted its most recent Local Finance Bulletin, the 2017-2018 Finance Calendar of Duties for City and County Officials, prepared by Gregory S. Allison. This annual publication is a monthly guide for finance and budgeting officials on all statutory and regulatory reporting and administrative responsibilities. The finance calendar has been a publication of the School of Government for decades and is an online, free resource for finance officers, budget officers, clerks, and other administrative officials.
Have you ever used the County and Municipal Fiscal Analysis tool that is housed on Treasurer’s website? It allows municipalities and counties in the state to see how they are doing with regard to financial condition and compare their performance to peers. It has recently become the focus of new research coming from colleagues at the University of South Dakota and Indiana University. Ed Gerrish and Luke Spreen presented their research on our benchmarking tool earlier this month at the Public Management Research Conference and it is forthcoming at the Journal of Public Administration Research and Theory. In this Research Review I am going to discuss their research and pull a few findings that are especially notable for those of you that work in budgeting and finance.
Yogi Berra said it best. “It’s déjà vu all over again.” That is what should come to everyone’s mind upon reviewing the third measurement focus and basis of accounting proposal from the Governmental Accounting Standards Board’s (GASB) recent Invitation to Comment (ITC), Financial Reporting Model Improvements – Governmental Funds. As was noted in the previous blog post You Are Doing WHAT to the Governmental Funds?? – Part 2, the Short-Term Approach, each proposal is moving further and further away from the current financial resource measurement focus and the modified accrual basis of accounting currently used in the governmental funds. Well, this is an all-out retreat!! In fact, it is also being referred to as the total financial resources approach.
In our last chapter, You Are Doing WHAT to the Governmental Funds?? – Part 1, The Near-Term Approach, we explored one of the three new measurement focus and basis of accounting (MFBA) options being considered for the governmental funds. These approaches are presented in the Governmental Accounting Standards Board’s recent Invitation to Comment (ITC), Financial Reporting Model Improvements – Governmental Funds. And you thought it was a scary chapter!?? The suspense continues with the second MFBA proposal – the short-term (or working capital) approach. One spoiler alert (but it is for your own good) – each approach goes further away from the current resource measurement focus and modified accrual basis of accounting currently used by the governmental funds. (Just wait until you read Part 3….)