Coachella Valley Mosquito and Vector Control District Board of Trustees Meeting September 11, 2007

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Agenda Item:  Consent Calendar

Approval for Finance Administrator David I’Anson to attend the Government Finance Officers Association (GFOA) Training - Intermediate Governmental Accounting, October 3- 5, 2007, in Sacramento, CA in an amount not to exceed $1500 from Fund #7600.01.225 –  Staff Training.

Background:

This seminar is designed to provide participants with a solid working knowledge of the specialized accounting and financial reporting used for state and local governments.  Emphasis is placed throughout on differences between private- and public-sector theory and practice.  The seminar is aimed at mid-level finance officers, accountants, independent auditors, and other persons with a basic knowledge of private-sector accounting and is a pre-requisite to Advanced Governmental Accounting.  The seminar will cover all of the following topics:

•           GAAP and the governmental environment

•           Fund accounting and the governmental financial reporting model

•           Specialized public-sector classifications and terminology

•           Measurement focus and basis of accounting

•           Defining the financial reporting entity

•           Accounting for governmental funds

•           Accounting for proprietary funds

•           Accounting for fiduciary funds

•           Converting from fund accounting to government-wide accounting

•           Relationship between budgeting and financial reporting

•           Financial reporting overview

Staff Recommendation:

Approve Finance Administrator’s attendance at the GFOA Training - Intermediate Governmental Accounting, October 3- 5, 2007, in Sacramento, CA in an amount not to exceed $1500 from Fund #7600.01.225— Staff Training

Fiscal Impact:

Current funds available from Fund #7600.01.225— Staff Training are $28,750, which is 100% of the budgeted amount for this line item. This expenditure is approximately 5% of the available balance.