SCHOOL DISTRICTS CONFERENCE SHERATON GRAND SACRAMENTO MAY 8, 2015
SACRAMENTO & WEBCAST
CONFERENCE OVERVIEW Overview: Financial professionals handling internal or external audits of school districts must be aware of the current accounting and auditing challenges. Key government speakers and industry experts will bring you the latest developments surrounding the OMB Omni-Circular and pension reporting, as well as lead two boot camps covering financial reporting and school district compliance. Join your colleagues and industry leaders for practical guidance, real-life examples and insights into the biggest topics impacting school districts. Designed for: Senior level staff and partners responsible for school district audits, large district business staff, school district fiscal directors, county office business officials and school board members. Credit Information: CPE: 8 Hours AA: 8 Hours GT: 8 Hours YB: 8 Hours
AGENDA AT-A-GLANCE 08:30
Welcome
08:35
Are you Prepared for the OMB Omni-Circular?
10:05
Break
10:15
Concurrent Sessions (Choose One): GASB 68: Implementation or Boot Camp: Financial Reporting
12:15
Lunch (Plated lunch provided)
01:15
State Audit Guide Update
02:30
Break
02:40 CDE Update 03:40
Concurrent Sessions (Choose One): Charter School Rules and Regulations or Boot Camp: Case Studies in Compliance Workshop
04:30 Adjourn
SCHOOL DISTRICTS CONFERENCE SHERATON GRAND SACRAMENTO & WEBCAST
MAY 8 2015
1230 J Street Sacramento, CA 95814-2907
CONFERENCE PLANNING COMMITTEE Shilo F. Gorospe, CPA Conference Co-Chair Vavrinek, Trine, Day & Co., LLP Jamie A. Matthews, CPA Conference Co-Chair Gilbert Associates, Inc., CPAs and Advisors Michael Ash, CPA Christy White & Associates Brenda A. Daddino, CPA M. Green & Company LLP, CPAs Jeffrey A. Jensen, CPA Crowe Horwath LLP
Aubrey W. King, CPA Wilkinson Hadley King & Co. LLP Peggy O’Guin, CPA California Department of Education Royce E. Townsend, CPA Vavrinek, Trine, Day & Co., LLP Taylor Ulrich, CPA Vicenti Lloyd & Stutzman CPA Kevin Sproul, CPA Wilkinson Hadley King & Co. LLP
SESSION DETAILS 08:30
Boot Camp: Financial Reporting • Long term debt instruments • Capital assets accounting • GASB conversion entries • Fund financial statements vs. government-wide financial statements
Welcome Shilo F. Gorospe, CPA Vavrinek Trine Day & Co., LLP Conference Co-chair Jamie A. Matthews, CPA Gilbert Associates, Inc., CPAs and Advisors Conference Co-chair
08:35
Are you Prepared for the OMB Omni-Circular? • Overview • Significant features • Reforms 12:15 • What auditors need to know • Differences from current practice 01:15 Ellen Safranek Financial Improvement Operations Deputy Director Office of the Chief Financial Officer U.S. Department of Education
10:05
BREAK
10:15
Concurrent Sessions (Choose One)
Cheryl Eason, RPA, DMC Chief Financial Officer CalPERS Robin Madsen Chief Financial Officer CalSTRS Kristin Montgomery Controller CalPERS - OR -
P. Robert Wilkinson, CPA Wilkinson Hadley King & Co. LLP LUNCH (Plated lunch provided) State Audit Guide Update • Updates to the 2014-15 Audit Guide • Proposals for the 2015-16 Audit Guide • Hot topics and lessons learned from 2013-14 • State compliance report – when is it Yes, No or N/A • Avoiding rejections: How to do it right the first time? • Common deficiencies • What the SCO wants you to know
GASB 68: Implementation • Overview and update • Note disclosures • Required supplementary information (RSI) • Where will the numbers come from? • Impact on the financial statements • Step-by-step calculations David R. Bean, CPA Director of Research and Technical Activities GASB
Aubrey W. King, CPA Wilkinson Hadley King & Co. LLP
Arlene Matsuura Administrator, School Fiscal Services Division California Department of Education Matthew A. Nethaway, CPA Crowe Horwath LLP Kirk H. Ochoa, CPA Senior Management Auditor California State Controller’s Office 02:30
BREAK
02:40
CDE Update • California School Accounting Manual (CSAM): Upcoming revisions • Local Control Funding Formula topics and tips • Observations for auditors on the Standardized Account Code Structure • Other current topics and emerging issues Peggy O’Guin, CPA Administrator, Financial Accountability & Information Services California Department of Education
REGISTRATION INFORMATION 03:40
Concurrent Sessions (Choose One) Charter School Rules and Regulations • How they apply • Charter schools and school districts: common differences • Reference Guide/Auditor’s Reference– listing of laws applicable to charter schools Eric Premack Executive Director and Founder Charter Schools Development Center, Inc. - OR Boot Camp: Case Studies in Compliance Workshop • Introduction to state compliance • Introduction to federal compliance • Case studies in compliance • Common problem areas in compliance Aubrey W. King, CPA Wilkinson Hadley King & Co. LLP P. Robert Wilkinson, CPA Wilkinson Hadley King & Co. LLP
04:30
ADJOURN
Register Online www.calcpa.org Conference Registration May 8, 2015 | Sacramento | 5151445A Member $325 l Nonmember $425 l VP $0 l Coupon $0 May 8, 2015 | Webcast | 5151445B Member $325 l Nonmember $425 l VP $0 l Coupon $0 Discount Programs Save hundreds with Value-Priced Education (VPE) and Coupons. VPE 80 $1,295 CalCPA Member VPE 40 $795 CalCPA Member VPE 24 $675 CalCPA Member Coupon 10 $2,495 CalCPA Member Learn more about discount programs (800) 922-5272 or www.calcpa.org/ discount Contact CalCPA Education Foundation P.O. Box 45066 San Francisco, CA 94145-0066 (800) 922-5272 Fax (888) 868-8558 calcpa.org Materials for this conference are provided in PDF format. Three business days before the conference, they will be accessible online via calcpa.org/MyEvents.
Registration Policy All registrations are taken on a firstcome, first served basis. The CalCPA Education Foundation reserves the right to refuse admission to any individual whose behavior it deems inappropriate. Cancellation Policy If you need to cancel your registration, you must cancel four business days prior to the event to receive a full refund. After that time a refund will be given less a $125 cancellation fee. No refunds will be given for no-shows. VPE no-shows will have the number of registered CPE hours deducted from their VPE credit. Coupon no-shows will forfeit the coupon used to register. For registration policies please go to calcpa.org/policies. Note: Topics and speakers are subject to change. For up-to-date information, please go to calcpa.org CalCPA Education Foundation is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 372192417 or www.learningmarket.org.