Georgia FMC Annual Conference September 13-16, 2015

SWAR update GASB update TeamWorks Other Agenda

Vision  What do we want to be? Trusted provider of enterprise business solutions. Values  How do we want to act getting there? Integrity - Do the right thing Accountability - Take ownership Reliability - Do what you say you will do Service Excellence - Exceed customer expectations SAO Vision & Values

Georgia won GFOA award for 3 rd straight year SAO policies for 30-day comment  Equity  Grants and Other Financial Assistance  Revenues, Receivables, Unearned Revenues and Unavailable Revenues – General  Accounts Receivable – Establishing and Managing a Receivable  Procure to Pay – Vouchers using SINGLEPAY1 vendor ID SWAR Update

General Info  Agency moves – documentation and guidance exists around moving of agencies/programs  CPF – working towards consistency in having all CPF budgeted by Also remind them that they need to be in a 5xxxxx fund  Prior Period Adjustments (trying to limit) SWAR Update

Upcoming GASB Statements  FY2015 No Accounting and Financial Reporting for Pensions No Government Combinations and Disposals of Government Operations No Pension Transition for Contributions Made Subsequent to the Measurement Date  FY2016 No. 72 – Fair Value Measurement and Application No. 76 – GAAP Hierarchy GASB Update

Upcoming GASB Statements  FY2017 No Accounting and Financial Reporting for Pensions and Related Assets That Are Not within the Scope of GASB Statement 68, and Amendments to Certain Provisions of GASB Statements 67 and 68 No. 74 – Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans No. 77 – Tax Abatement Disclosures  FY2018 No Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions GASB Update

 Exposure Drafts Accounting and Financial Reporting for Certain External Investment Pools Blending Requirements for Certain Component Units— an amendment of GASB Statement No. 14 Accounting and Financial Reporting for Irrevocable Split-Interest Agreements  Preliminary Views Leases Financial Reporting for Fiduciary Responsibilities GASB Update

Projects coming to completion:  JCCP  Infrastructure Projects about to begin:  ACA  HCM upgrade TW Update