Management’s Role in Preparing Form 990

• The new rules for Form 990
• What management should be prepared with
• How to avoid being publically embarrassed
• Policies and procedures you should have in place (along with samples of each)
• Other potential problem forms that you need to be in compliance with

Board Member Responsibilities

Besides all the fun, do you know that there are legal responsibilities and financial liabilities associated with being on the Board of a nonprofit organization? Do you know what your responsibilities are?

Audit Committees

Many Boards are finding that their members are passionate about their mission, but not so passionate about fulfilling their required role as “audit committee”. The failure of many publicly traded companies in recent years has highlighted the failure of Boards to handle both tasks. To solve this dilemma many Boards are thinking of establishing a separate audit committee in their nonprofit organization.

The Internal Control Framework: The Foundations of an Accounting Manual
• The Control Environment
• Risk Assessment
• Control Activities
• Information and Communication
• Monitoring and Audit Committees

CT’s Fiscal Crisis: A countdown to 2012

This symposium was for 22 governments that we are associated with. We took an apolitical view of the State’s shocking financial condition, followed by discussions of what the Towns are doing, should be doing, and could be doing to prepare.

How to prepare Management’s Discussion and Analysis (MD&A)

• Who should prepare the MD&A
• What needs to be included in the MD&A
• Learning the terms and relationships to analyze the statements for the MD&A
• Reviewing a sample MD&A
• Checklist for required elements

The Internal Control Framework: The Foundations of an Accounting Manual

• The Control Environment
• Risk Assessment
• Control Activities
• Information and Communication
• Monitoring and Audit Committees

Capital Improvement Planning & Budgeting

• Setting the foundation
• Administrative structure
• Policy framework
• Capital project evaluation criteria
• Capital needs assessment
• The actual plan
• Identifying projects for the CIP
• Financial capacity analysis
• Evaluating funding options
• Evaluating and financing projects
• The CIP document

Finance Seminar: For New Elected Officials

• Connecticut municipal governments
• Selectmen’s financial duties
• Treasurer’s financial duties
• Board of Finance’s financial duties
• Overview of the financial statements
• Budgeting for the General Fund
• Capital budgeting
• Financing capital projects

Preparing the ED001 (Board of Education)

Municipal Bookkeeping – Understanding:
• Accts receivable, revenue, deferred rev.
• Accts payable, expenditures, encumbrances
• Payroll, accrued payroll, compensated absences, and OPEB (GASB 45)
• Capital Assets & Municipal Reserve Funds

Board Member Responsibilities

Besides all the fun, do you know that there are legal responsibilities and financial liabilities associated with being on the Board of a nonprofit organization? Do you know what your responsibilities are?

Audit Committees

Many Boards are finding that their members are passionate about their mission, but not so passionate about fulfilling their required role as “audit committee”. The failure of many publicly traded companies in recent years has highlighted the failure of Boards to handle both tasks. To solve this dilemma many Boards are thinking of establishing a separate audit committee in their nonprofit organization.

Accounting for Capital Assets under GASB 34

• What constitutes a capital asset
• Determine capital assets in unusual circumstances
• Setting thresholds and categories
• Establishing useful lives
• Gathering data for the first time
• Depreciation
• Infrastructure