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DESCRIPTION:Refresher on Capital Assets under GASB 34\nJoin us for a relaxe
 d and engaging Lunch & Learn session offering a refresher on capital asset
 s and capital asset policies under GASB Statement No. 34.\nThis session wi
 ll be led by Lindsey Fish\, CPA\, Sikich\, and Kim Falco\, Asset Control S
 olutions\, who will share practical reminders and insights into maintainin
 g and applying capital asset policies.\nThe discussion will be conversatio
 nal and interactive\, with an emphasis on:\n\nReviewing the fundamentals o
 f GASB 34 as they relate to capital assets.\nReinforcing best practices fo
 r capitalization thresholds\, valuation\, and depreciation.\nAddressing co
 mmon FAQs and real-world considerations in asset reporting.\nOffering prac
 tical reminders on policy development and application.\n\n Bring your ques
 tions and experiences for an open conversation.\nLearning Objectives:\nBy 
 the end of this session\, participants will be able to:\n\nExplain the fun
 damentals of GASB Statement No. 34 as they apply to capital assets in gove
 rnmental financial reporting.\nIdentify appropriate capitalization thresho
 lds and valuation methods and apply them consistently in accordance with p
 olicy and best practices.\nDifferentiate among depreciation approaches and
  recognize their impact on financial statements and asset management.\nRec
 ognize common challenges and FAQs in applying capital asset policies and r
 eporting requirements\, and evaluate practical solutions.\nApply policy re
 minders to strengthen the development\, implementation\, and monitoring of
  capital asset policies in day-to-day practice.\nEngage in informed discus
 sion about real-world considerations and share experiences in maintaining 
 compliance with GASB 34 standards.\n\nSpeakers:\nLindsey Fish\, Principal\
 , Sikich. Lindsey Fish\, CPA\, is an audit principal at Sikich where she b
 egan her career in 2013. Lindsey provides assurance and advisory services 
 to a variety of municipalities\, counties\, community colleges\, park dist
 ricts\, school districts and other special districts. Lindsey is a member 
 of the Illinois Government Finance Officers Association\, serving as the R
 egional Coordinator for the Rock River Chapter\, the Illinois Association 
 of School Business Officials\, and the Illinois Association of County Offi
 cials. She frequently speaks to these organizations on a variety of accoun
 ting\, auditing and internal control topics.\nKim Falco\, National Directo
 r of Sales\, Asset Control Solutions. Kim Falco serves as National Directo
 r of Sales for Asset Control Solutions for the last 13 years. Kim consults
  with Public Sector clients Nationwide for GASB 34 Compliant Capital Asset
  Inventory\, Reporting and Insurance Valuation. She is responsible for bui
 lding relationships\, promoting the company’s brand and exposure in affili
 ate organizations\, procuring new clients and negotiating contracts for AC
 S. Prior to her tenure at ACS\, Kim worked as a Chamber of Commerce Execut
 ive and also worked in the Residential Real Estate Field. She is entrenche
 d in industry associations\, organizations and served on the Partners Foru
 m Committee at IGFOA and WASBO Conference Planning Committee. Kim currentl
 y serves her County as a Precinct Committeeman and was a former Elected Of
 ficial.\nDelivery method: Group-LiveProgram Level: BasicPrerequisites: No 
 prerequisites requiredAdvanced Preparation: No advanced preparation requir
 edField of Study: Accounting (Governmental)Last review/Revision/Update: De
 cember 16\, 2025NASBA CPE Credits: Earn about 1.0 CPE Credits
DTEND:20251216T133000
DTSTAMP:20260426T233211
DTSTART:20251216T113000
LOCATION:Tavern on Clark\, 755 Clark Dr\, Rockford\, IL 61107
SEQUENCE:0
SUMMARY:Rock River Region Holiday Luncheon
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