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Building a Foundation for Fiscal Oversight

Tuesday, February 25, 2020
11 AM - 12 PM
Cost: $35
Credits Available: CPE, CML - see below


Registration closes Monday, February 24 at 12 PM. This webinar will be recorded, and all preregistered attendees will receive a link to view the recording. Read about scholarship opportunities.

Webinar Overview

The evolution of financial reporting requirements and auditing standards for all forms of local government requires oversight by those charged with governance. What should an elected official be looking for in the financial reports that are presented at each council or commission meeting? How can staff be sure to present the right information in the best way to help elected officials (and other staff) understand the financial picture of an agency? 

Educational Objectives

The webinar will present basic financial concepts used by local government to assist with your understanding of the complex world of governmental accounting. Discussion areas include:

  • Terminology unique to government financing
  • Fund accounting
  • Restricted revenues and how can they be used
  • Best practices for financial reporting and fiscal oversight
  • How the contributions of elected officials can help them and their communities be more successful (and avoid pitfalls at the same time!)

Who Should Attend?

Local government elected officials, administrators/ managers, and staff in the finance department.


  • Mike Bailey, Finance Consultant, MRSC. Mike Bailey joined MRSC in September 2018. He has worked in local government finance since 1980. He is a former president of the Washington Finance Officers Association (WFOA) and served on the Government Finance Officers Association’s (GFOA) Executive Board. He was chair of the GFOA Budget and Management Committee and is the local government representative to the Streamlined Sales Tax Project. Mike conducts workshops on local government financial management, budget, and financial leadership and leads council retreats and strategic planning processes.
  • Toni Nelson, Finance Consultant, MRSC. Toni began working for MRSC in 2014. Her background in governmental accounting is extensive with over 24 years in the public sector, including time at the Washington State Auditor’s Office and service as the Clerk/Treasurer for the Town of Twisp. She established a focus for "Cash Basis" accounting and reporting while with the State Auditor’s Office that carried into educational classes and on-site training. She is a speaker for state organizations such as AWC, WFOA, WMCA, and WMTA on topics pertaining to budgeting, cash basis accounting and reporting, and the application of Washington State B.A.R.S. requirements.


Refund policy: Refunds of the webinar fee will be provided minus a $5.00 administrative fee if registration is canceled by 12 PM on Monday, February 24. If you are registered for the webinar and unable to attend, you will still be able to view the recorded webinar afterwards. However, if you cancel your registration, you will not receive a link to the recording.