GASB Disclosures: Risks to Cover in an Investment Policy

Presented by the Downstate chapter

Downstate chapter

Tuesday, February 19, 2019, 12:00 PM–1:00 PM

Location

Tavern on Clark
755 Clark Drive
RockfordIL 61104

Map and directions

  • Members $ 20.00 Before Feb 18, 2019 Members $ 20.00
  • Government / Partner Colleagues $ 20.00 Before Feb 18, 2019 Government / Partner Colleagues $ 20.00
  • Non-members $ 25.00 Before Feb 18, 2019 Non-members $ 25.00

Registration for this event has closed.

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Description

GASB Disclosures: Risks to Cover in an Investment Policy

Illinois Compiled Statutes (ILCS) require most units of government to adopt an investment policy.  The Governmental Accounting Standards Board (GASB) requires disclosures related to deposit and investment risks based on the components of your investment policy. 

This session will provide an overview of the different risks that an investment portfolio of a government may be subject to and how to address those risks with an investment policy.

Learning Objectives: Participants completing this session will be able to:
1. Identify the difference between a deposit with a financial institution and an investment;
2. Understand custodial credit risk for deposits with financial institutions;
3. Understand custodial credit risk for investments; and
4. Understand disclosures related to other investment risks

Speaker: Frederick G. Lantz, CPA Partner-in-Charge of Government Services, Sikich LLP

Intended Audience: Finance Professionals
Delivery Method:
 Group-Live
Program Level: Overview
Prerequisites: No prerequisites required
Advanced Preparation: No advanced preparation required
Field of Study: Finance - Technical
Earn About 1.0 CPE credit

CPE hours: 1.00

For more information

IGFOA
info@igfoa.org
630-942-6587

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 info@igfoa.org as soon as possible.  A $10 cancellation fee will be charged for cancellations up to February 14, 2019.  Cancellations after February 14, 2019 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 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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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