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 provide 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 and has provided workshops on topics such as ethics and political transitions. This year’s winter conference presented trainings on developing effective corrective action plans; acquiring a new financial management information system (FMIS) and obstacles to measuring performance. In addition, participants were updated on new GASB accounting standards. Finally, the forum provided each participating government with the opportunity to develop government-specific action plans to address ongoing issues, including audit performance, new accounting standards, FMIS procurement and finance office performance measurement.
- The IGFOA Executive Committee built the agenda for the conference based on input solicited from IGFOA members, feedback from previous conferences, and current issues in government accounting. The goals of the December 2016 IGFOA conference were to:
- Share the status of each government’s single audits, finance office operations and performance measures, and other initiatives completed since the June 2016 IGFOA conference;
- Present and discuss best practices in single audit improvement, finance office performance improvement, and FMIS systems acquisitions;
- Determine best practices for investigating and developing corrective action plans and develop plans to address current and prior audit findings;
- Exchange information on the latest Performeter analysis;
- Build government-specific plans to implement new GASB standards, improve communication and fiscal capabilities with federal program managers, enhance finance office performance measures, prepare for FMIS acquisition, and improve corrective action planning for single audits.
The 2016 IGFOA participants represented all of the US-affiliated insular areas.