IGFOA Downstate Chapter offers

SINGLE AUDIT/ARRA FUNDING AND GASB UPDATE SEMINAR

Who should attend:  Finance officers and other local government professionals involved in financial management. 

Learning Objectives: 

Single Audit / ARRA Funding - At this training session, participants will gain an understanding of Single Audit issues, specifically accounting and reporting requirements relating to the new American Recovery and Reinvestment Act funding. This Act, signed into law on February 17, 2009, included a goal of unprecedented levels of accountability and transparency in government spending. This session will discuss the requirements in place to achieve this goal.

GASB Update / GASB 54 – At this session, participants will gain an understanding of the new GASB pronouncements. This session will focus on GASB 54, Fund Balance Reporting and Governmental Fund Type Definitions, requiring changes to fund balance reporting in governmental funds for state and local governments. This statement substantially alters the focus and terminology used for fund balance reporting in governmental funds and will result in one of the most significant changes in financial reporting since the implementation of GASB Statement No. 34.

CPE Credits:  Earn about 4.5

Delivery method: Group-Live

Program Level: Overview

Prerequisites: None required

Advanced Preparation: None required

Instructors: 

Single Audit / ARRA Funding Instructor: Teri L. Taylor, CPA, is a Supervisor with Sikich LLP. Ms. Taylor has over five years of experience providing audit services in the local government and not-for-profit industries, specializing in Single Audits.

Ms. Taylor is a 2001 graduate of the University of Illinois at Urbana-Champaign with a B.S. in Accountancy and a 2003 graduate with a Master of Accounting Science. She is a licensed Certified Public Accountant in Illinois and a member of the American Institute of Certified Public Accountants and the Illinois CPA Society.

GASB Update / GASB 54 Instructor: Chad A. Lucas, CPA, is a Partner with Sikich LLP. Mr. Lucas has over fourteen years of experience providing audit and management consulting services in the local government industry. He is responsible for overseeing the day-to-day fieldwork and execution of audit services for local government clients.

Mr. Lucas is a 1995 graduate of Illinois State University with a B.S. in Accounting. He is a licensed Certified Public Accountant in Illinois and a member of the American Institute of Certified Public Accountants, the Illinois CPA Society, the Illinois Government Finance Officers Association and the Government Finance Officers Association serving on the Special Review Committee for the Certificate of Achievement for Excellence in Financial Reporting Program.

Seminar Times:

Check-in: 9:30 - 10 AM

Seminar: 10:00 AM - 3:00 PM

Agenda - click here

On-line Registration Forms:

  May 4th EDWARDSVILLE: Click here

July 15th MOLINE: Click here

Breaks, lunch, and course material is included in the fee.  Casual lunch will be catered by Bully’s Smokehouse in Edwardsville and by Dewey's Copper Cafe in Moline

*The member fee applies to IGFOA public sector members, IGFOA associate members, or IGFOA public sector member substitutes. If you have questions about your membership, contact IGFOA at 815-752-8941 or info@igfoa.org.

If you have questions regarding this seminar, cancellations, complaints, or refunds, contact the IGFOA at 815-752-8941 or info@igfoa.org.

The Illinois Government Finance Officers Association is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.  Web site:  www.nasba.org

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