Downstate Chapter Central Region Professional Education Training

Presented by the Downstate chapter

Downstate chapter

Wednesday, March 28, 2018, 9:30 AM–2:30 PM

Normal City Hall, 11 Uptown Circle, Normal, IL Map »

  • Members $25.00 Before Mar 28, 2018
  • Government staff members $25.00 Before Mar 28, 2018
  • Non-members $35.00 Before Mar 28, 2018

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Downstate Chapter Central Region Professional Education Training 

9:30 – 10:00 AM                   Check-in and Networking

10:00 – 11:15 AM                 Prepping for the World of Tomorrow: Automation in Local Government
                                                       Speakers: Scott Shamberg and Jeff Delwiche, Azavar Government Solutions
The world is moving faster than ever in the age of technology.  Every day we hear more and more about automation in the workforce and how it will revolutionize the way people conduct business and upend entire industries. But what about government?  Government often has the reputation for being slow and inefficient, so how can local governments counter this view and show that government can work efficiently?  Enter automation for local governments.  This session will discuss the reasons local government leaders should automate, including efficiency, accuracy, and best practice leadership.  You will learn the benefits of automation to taxpayers and municipal staff and learn several ways to automate processes within your organization.  By the end of the session you will understand how easily you can take advantage of automation opportunities not previously considered.
Learning Objectives:  Participants completing this session will be able to:  
- Understand what automation is doing in the world and why it is important in government     
- Learn how to automate finances in organizations
- Understand automation benefits for local governments & taxpayers

11:15 – 11:25 AM                 Break 

11:25 AM – 12:15 PM          Impact of GASB Statement No. 87, Leases
                                                       Speaker: Brent Lake, CPA, Manager, Sikich, LLP
In June of 2017, the Governmental Accounting Standards Board (GASB) issued Statement No. 87, Leases to improve accounting and financial reporting for leases by governments. The guidance in this Statement is based on the principal that leases are financings in which a lessee receives the right to use an underlying asset, and in exchange, promises to make payments over the time for the right to use that underlying asset. On the other hand, a lessor receives payments over time for transferring the right to the underlying asset to the lessee. The requirements of this Statement are effective for reporting periods beginning after December 15, 2019 with earlier application encouraged. This session will look at the various requirements under the new lease standard and its impact on governments’ financial accounting and reporting.
Learning Objectives:  Participants completing this session will be able to:  
- Define what a lease is under the new standard
- Understand the impact the new lease standard will have on governments’ financial accounting and reporting
- Understand how governments’ existing leases will be handled under the new standard

12:15 – 1:00 PM                  LUNCH

1:00 – 2:15 PM                     Regulatory (and Other) Changes Impacting the Municipal Bond Market
                                                      Speaker: Andrew Kim, Director, Public Finance, PMA Securities, Inc.
This session will review the various regulatory changes that impact your government’s outstanding and future bond issues. It will also shed light on other market changes of which issuers should be aware.
Learning Objectives:  Participants completing this session will be able to: 
- Understand how MSRB rule changes affect how you do business and with whom you do business
- Gain knowledge from case Studies on SEC enforcement action
- Learn about the pitfalls to avoid in your private placements
- Understand how state and national politics are impacting interest rates

2:15 – 2:30 PM       DISCUSSION AND WRAP UP


Delivery method:               Group-Live 
Program Level:                    Overview
Prerequisites:                       No prerequisites required 
Advanced Preparation:    No advanced preparation required 
Field of Study:                     Accounting (Governmental) - Technical,  Finance - Technical
CPE Credit:                            Earn about 4.0 hours CPE credit


CPE hours: 4.00

For more information


Registration and cancellation policy

Registrations are accepted on a first-in, first registered basis. Payments by check should be mailed in advance or made at time of registration by credit card. Payments will not be accepted the day of the event.

IGFOA Members are those Public Sector and Associate individuals specifically listed in the IGFOA Membership Application or Renewal. IGFOA Government non-member rate applies to staff, appointed officials, and elected officials of a government with a current IGFOA membership.  The IGFOA reserves the right to apply the non-member fee to any individual or government that has not paid dues for the current year.  If you have questions about your membership, contact IGFOA at 630-942-6587.

If you are unable to attend, please contact IGFOA at 630-942-6587 or as soon as possible.  A $20 cancellation fee will be charged for cancellations up to March 21, 2018. Cancellations after March 21, 2018 and no-shows are responsible for the full fee.

IGFOA reserves the right to modify the agenda, cancel the event due to low enrollment, or to close registration if full. Should IGFOA Downstate Chapter cancel an event, cancellation notice will be sent to the email address provided by each registrant and prominently posted at the IGFOA website page announcing the event. By submitting this registration, the applicant agrees to the registration and cancellation policy above.

Approved by the National Registry of CPE Sponsors

CPE RegistryIllinois Government Finance Officers Association is registered with the National Association of State Boards of Accountanc (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 submitted to the National Registry of CPE Sponsors through its website:

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