The Island Government Finance Officers’ Association (IGFOA) has met at least annually every year since 1999 to participate in professional development and networking activities and to advance an agenda for financial management improvement. IGFOA Meetings also provide a forum for participants to discuss common issues and strategies, and to develop a shared agenda for training, organizational development, and technical assistance.
The 2018 IGFOA winter conference presented trainings on acquiring a new financial management information system (FMIS), developing cybersecurity plans, and identifying obstacles to measuring performance. In addition, participants were updated on new GASB accounting standards and FY17 Performeter scores. Finally, the forum provided each participating government with the opportunity to update their government-specific action plans to address ongoing issues, including audit performance, new accounting standards, FMIS procurement and implementation, and finance office performance measurement.
The agenda for the conference was developed following feedback from previous conferences, and current issues in government accounting. The goals of the December 2018 IGFOA conference were to:
- Share the status of each government’s single audits, finance office operations, performance measures, and other initiatives completed since the May 2018 IGFOA conference in St. Louis;
- Present and discuss best practices in single audit improvement, finance office performance improvement, unfunded pension liabilities, cyber-security plans, and FMIS systems acquisition;
- Exchange information on the latest Performeter analyses;
- Build government-specific plans to address emerging GASB standards, enhance finance office performance measures, address unfunded pension liabilities, and continue corrective action planning for single audits.