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'Developing Governmental and Financial Leaders'
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The
Virginia Government Finance Officers' Association shall
be the premier organization in developing leaders with
financial and management expertise, through education,
fellowship and professional development, to foster
excellence in government. |
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VGFOA News and
Events: |
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VGFOA Executive Board |
Officers 2012-2013:
President - Charles Ramsay
President Elect - Barbara Dameron
Past President -
Patricia Weiler
Treasurer - Karen Woodson
Board Members/Directors:
Greg Akers
Sharon Day
Renee Hoover
Jon Munch
Terrie Pyeatt
Kathy Seay
Kim Williams
Executive Secretary:
Steve Mulroy |
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VGFOA
Future Conferences |
Spring Conferences:
- May 22-24, 2013
Virginia
Beach Hilton
- May 28-30, 2014
Virginia Beach Cavalier Hotel
- May 20-22, 2015
Virginia Beach Cavalier Hotel
- June 1-3, 2016
Virginia
Beach Cavalier Hotel
Fall Conferences:
- October 7-9, 2013 (Mon-Wed)
Staunton Stonewall Jackson Hotel
- October 22-24, 2014
Hilton Richmond Hotel & Spa/Short
Pump
- October 21-23, 2015
Staunton Stonewall Jackson Hotel
- October 26-28, 2016
Hilton Richmond Hotel & Spa/Short
Pump
- October 24-26, 2018
Hilton Richmond Hotel & Spa/Short
Pump |
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Contact VGFOA |
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VGFOA
919 E. Main Street, Suite 1100
Richmond, VA 23219
Phone: 804-249-4525
Fax: 804-783-2286
Email
VGFOA |
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2013 Spring Conference Registration is Open
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GFOA Certificate of Conformance Program
- Free Training Opportunity Offers 1 CPE -
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The GFOA has
introduced a new program called the
"Certificate of Conformance Program for
Small Government Annual Financial
Reports." This program is designed for
small governments for which financial
reporting in conformity with GAAP is not
a viable option.
GFOA is holding a free group
internet-based course that offers 1 CPE
credit. The course will be available
from 2pm-3pm on May 7th, June 18th, July
11th and September 18th.
GFOA Training:
Certificate of Conformance (PDF)
GFOA Sample: GAFR
(PDF)
Visit GFOA.org to learn more or register
for this event. |
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VGFOA Responds to GASB Exposure Drafts
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VGFOA has released a response to FAF's
Request for Comment on GASB's Scope of
Authority: Proposed Changes to Agenda
Setting Process.
VGFOA has
released a response to OMB's Reform of
Federal Policies Relating to Grants and
Cooperative Agreements: Cost Principles
and Administrative Requirements
(Including Single Audit Act).
Copies of all the recent VGFOA responses
are available under
Association Positions.
VGFOA position statements are developed
by the Standards Setting Committee for
the signature of the VGFOA President. |
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May 29-30 Grants Training in Fredericksburg, VA
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Rappahannock Regional Criminal Justice
Academy and Grant Writing USA will
present a two-day grants workshop in
Fredericksburg, May 29-30, 2013. This
training is for grant seekers across all
disciplines. Attend this class and
you'll learn how to find grants and
write winning grant proposals.
Complete event details including
learning objectives, class location,
graduate testimonials and online
registration are
available here. |
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VGFOA Breakfast @ 2013 GFOA Annual Conference
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Please join us
for the VGFOA Breakfast during the
National GFOA Conference in San
Francisco.
 Monday,
June 3rd
Time: 6:30am - 9:00am
The
Intercontinental San Francisco
888 Howard Street, San Francisco,
California, 94103
Phone: 415-616-6500
Sponsored by:
Contact: Lynn Edris at
ledris@bbandtcm.com or (804)
649-3982
Not necessary to register,
but we would love to know if you plan to
join us.
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Applications Now Being Accepted!
2013 Innovations Award
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Request for Nominations:
VGFOA Officers & Board Members
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Nominations are now being accepted by the
VGFOA Nominating Committee for the
following positions:
President-Elect (October 2013 to October
2014)
Treasurer (October 2013 to October 2016)
Board Member (October 2013 to October
2016)
The VGFOA Nominating Committee will
develop a slate of Officers and Board
Members to present the Executive Board
for approval. The slate is then
presented at the Fall Conference during
the Annual Business Meeting on Tuesday,
October 8th, 2013, for vote by the
Membership.
Members are asked to use the nomination
form below to submit names to the
Nominating Committee for consideration.
2013
Nomination Form (PDF)
2013 Board Nomination Form
(Word)
The
deadline for nomination submissions is
August 5th.
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2013 Fall Conference Registration:
Sponsorships & Exhibit Booths Only
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Are you a sponsor
or exhibitor signing up for the 2013
Spring Conference? Why not go ahead and
register for your 2013 Fall Conference
sponsorship and/or exhibit booth at the
same time?
The 2013 Fall Conference will be held at
the Stonewall Jackson Hotel & Conference
Center from October 7-9, 2013. Please
note that unlike past conferences, the
2013 Fall Conference will be held on a
Monday, Tuesday and Wednesday.
Visit the
following link for additional
information.
2013 Fall
Conference - Vendor Information
Registration
for attendees is currently unavailable
for the 2013 Fall Conference and is
expected to open in mid-Summer 2013.
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Applications Now Being Accepted!
2014 Certificate Program Course Scholarship
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Sequestration Impact on
Federally Subsidized Bond Payments
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Due to the automatic
spending cuts (the “sequester”) that went
into effect on Friday, March 1st,
2013, Federally Subsidized Bond payments
will be cut by $171 million according to the
Office of Management and Budget. This
includes Build America Bonds (“BABs”),
Qualified Zone Academy Bonds (“QZABs”),
Qualified School Construction Bonds
(“QSCBs”), and Qualified Energy Conservation
Bonds (“QECBs").
The Internal Revenue
Service issued guidance on Monday, March 4th
that the exact percentage of cuts for BABs
and other direct-pay bonds will be 8.7%. The
IRS will process BAB payments manually for
two to three weeks in order to factor in the
8.7% sequestration cuts, but it is working
to ensure this does not delay the payment
process. The IRS hopes to get the processing
of the subsidy payments with the cuts
automated again within four to six weeks.
Issuers must continue to submit Forms
8038-CP for the full amount of their subsidy
payments. According to
Bond
Buyer, during the two-week period when
payments are being manually calculated,
issuers will receive a letter from the IRS
acknowledging their forms were received. The
request will then be processed, and payments
will be sent to the issuer with another
letter detailing why the payment was
reduced. This suggests that you may not
receive an advance notice that the subsidy
payment will be reduced.
After the IRS returns to automated
processing, only one letter will be sent to
the issuer acknowledging the form was
received and stating how much the payment
will be reduced.
Issuers of federally
subsidized bonds affected by sequestration
may be able to pay their bonds off early –
prior to maturity – by utilizing
Extraordinary Redemption Provisions included
in many bond issues.
It
is unclear how long the sequestration will
last, and what the impact to issuers will
be. Issuers should plan on reductions and/or
delays in payments should the sequestration
continue for an extended period of time.
For
more information on the effects of the
sequestration on federally subsidized bonds
payments, go to:
http://www.bondbuyer.com/issues/122_43/omb-details-sequester-impact-bab-payments-delayed-six-weeks-1049280-1.html
IRS Memo regarding
Sequestration
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Finance Officers' Association |
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