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.
During recent conferences, the IGFOA has focused on improving financial, accounting and budgeting practices. The current conference presented training on strengthening federal
grants coordination and leadership skills. Participants were also updated on new GASB accounting principles and exchanged best practices on improving finance office performance,
cash management and single audits. Finally, the forum provided the opportunity to develop action plans for implementing the new accounting standards and enhancing communication
and fiscal capabilities, office performance and financial oversight.
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 2013 IGFOA conference were to:
- Present and discuss best practices in federal program coordination, finance office performance improvement, single audit improvement, and cash management;
- Review new GASB accounting principles and standards and develop a plan for the implementation of these principles;
- Provide training to IGFOA members on leadership skills and federal program coordination;
- Exchange information on the latest “Performeter” analysis; and
- Build government-specific plans to implement new GASB standards, improve communication and fiscal capabilities with federal program managers, enhance finance office performance measures, and develop cash-management plans.