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 establish an agenda for financial management improvement. The conferences also provided a forum for participants to discuss common issues and strategies, and to develop a shared agenda for training, organizational development, and technical assistance.
For the past few conferences IGFOA has focused on improving accounting and financial practices in the governments. The current conference presented information about budgeting and how to improve the budget process, reviewed new GASB accounting standards, and exchanged information and best practices on finance office performance measures, cash management, and single audits. The IGFOA Executive Committee built the agenda for the conference based on input solicited from IGFOA members, feedback from previous conferences, and current issues facing government accounting. The goals of the December 2012 IGFOA conference were to:
• Review new GASB accounting principles and standards and develop a plan for the implementation of these principles.
• Exchange information on the latest Performeter analysis.
• Present and discuss best practices in finance office performance improvement, single audit coordination, and cash management.
• Provide training to IGFOA members on budget projections, communicating financial information, and the development of cash management plans.
• Update the performance measurement action plans for finance office operations.
• Build government specific plans to implement new GASB standards, develop strategies for communicating financial information to elected officials, enhance finance office performance measures, and develop cash management plans.