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Annual Financial Reporting (Cash) Workshop, West Richland

Thursday, March 26, 2020
9 AM - 4 PM
West Richland City Council Chambers – address & directions below

$125/person – maximum of 55 attendees
Credits Available: 6.0 CPE credits – see below

 

REGISTER

Read about scholarship opportunities. Registration deadline: Wednesday, March 25. Cancellation policy: All cancellations through March 25 are subject to a $15 administrative fee; no refunds for same-day cancellations or no-shows.


Workshop Overview

MRSC’s full-day Annual Financial Report preparation workshop is designed for "cash basis" cities/towns, counties, and special purpose districts. The training has been developed to meet the need of those individuals responsible for the preparation and filing of the 2019 annual financial report.


Educational Objectives

Attendees will gain a complete understanding of the various steps needed to prepare the financial statements, notes, and supplemental schedules required for the 2019 financial reporting period. While the SAO online filing portal will generate a portion of your annual report, this class is geared to the steps needed to assure that the data you upload is accurate and supportable in addition to covering the supplemental schedules that must be prepared outside of the SAO filing system.

During the workshop, you will learn what the new reporting requirements are for the 2019 fiscal period,  how to analyze and classify your funds with attention given to special revenue and fiduciary fund types, how to determine fund balance classifications, how to reconcile financial transactions with an emphasis on bank reconciliations, calculate and report debt and liabilities, and best practices to document your financial preparation work papers. Course content and agenda will focus on the steps needed to prepare all of the required components of the annual report in compliance with the “Cash Basis” BARS manual.

NOTE: Focused attention and training will be given to the new reporting requirements associated with Schedule 06 (cities/towns) and reporting Other Post Employment Benefit liabilities.


Workshop Agenda

Beverages and light refreshments provided in the morning; lunch not included. We will take periodic breaks as needed.

8:30 AM—9 AM Check-in, coffee
9 AM—12 PM Changes to BARS affecting financial reporting
Reconciliation and analysis of funds
Schedule 1 (transaction detail)
Financial statements
Notes to financial statements
12 PM—1 PM LUNCH (on your own)
1 PM—4 PM Supplemental Schedules 06, 07, 09, 11, 15, 16, 17, 19, 20, 21, and 22

Who Should Attend?

Clerks, treasurers, clerk-treasurers, finance directors, and any administrative or finance staff responsible for preparing the cash basis annual financial report.


Presenter

  • Toni Nelson, Finance Consultant, MRSC. Toni has 30 years of local government experience, including joining MRSC in 2014. Previously, she worked for 11 years at the State Auditor’s Office where she established a focus for cash basis accounting and reporting. She additionally worked nine years as the Clerk/Treasurer for the Town of Twisp and four years as a private local government consultant specializing in cash basis accounting, reporting, and budgeting. She’s co-authored the MRSC Revenue Guides for cities and counties, the annual Budget Suggestions guide, and written numerous articles on local government finance topics.

Credits

  • Eligible for 6.0 credits of CPE for certified accountants

Location & Directions

West Richland City Council Chambers
3100 Belmont Blvd.
West Richland, WA 99353


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