Financial Management, Auditing and Accounting (FMAA)

The Financial Management, Auditing and Accounting (FMAA) Workshops are developed for School Business Officials and auditors of public schools by NYSASBO in cooperation with the State Education Department, Office of the State Comptroller and members of the Public Schools Committee of the NYS Society of CPA’s, and offers updates on issues affecting the financial operations and reporting requirements of public schools in New York State.

Dates & Locations • Schedule


Dates & Locations

Western - Thursday, May 4, 2017
*date changed as of 1/13/2017*

Erie I BOCES
Building B, Room 2B
355 Harlem Rd
West Seneca, NY 14224

Central - Wednesday, May 3, 2017
*date changed as of 1/18/2017*

Craftsman Inn & Conference Center
Mission Ballroom
7300 East Genesee St.
Fayetteville, NY 13066

Capital - Thursday, May 18, 2017

Capital Region BOCES
Albany Room
900 Watervliet-Shaker Road
Albany, NY 12205

Westchester - Tuesday, May 9. 2017

So. Westchester BOCES
Center for Career Services
Conference Room D
65 Grasslands Road
Valhalla, NY 10595

Long Island - Wednesday, May 10, 2017

Western Suffolk BOCES
Large Conference Room
31 Lee Avenue
Wheatley Heights, NY 11798


Schedule (from 2016)
2017 schedule will be updated by March 15, 2017

Session order may vary by location.

 

Session 1: Fund Balance and Financial Management

8:00 a.m. - 9:00 a.m.

As school districts recover from a prolonged economic recession, there is an increasing focus on bringing fund balance back to a healthy level and maintaining the financial stability to support quality educational programs. In order to save where necessary and make the most of every education dollar, it is essential to practice good accounting, auditing, and reporting and know how to identify and respond to signs of fiscal stress. This session will go over best practices in fund balance and financial management and focus on timely topics that are posing challenges for business officials and auditors.

2015-2016 Presenters:
Long Island, Westchester: Marianne Van Duyne, R.S. Abrams & Co., LLP
Western, Central, Capital: Tom Zuber, Raymond F. Wager CPA, P.C.

 

Session 2: GASB and Single Audit Update

9:00 a.m. - 10:00 a.m.

A number of changes took place in recent years that have an impact on accounting and reporting for school districts. This session will go over current, upcoming, and proposed GASB pronouncements. It will provide an overview of key elements of the Uniform Grant Guidance as well as the 2015 Compliance Supplement.

2015-2016 Presenters: 
Long Island, Westchester, Capital: Victor Churchill, Sickler, Torchia, Allen & Churchill CPAs PC & Tim Doyle, The Bonadio Group

Western, Central: Leslie Spurgin, Ciaschi, Dietershagen, Little, Mickelson & Company, LLP &  Randall Shepard, The Bonadio Group

 

Session 3: Preparing for Your Audit (External and OSC)

10:00 a.m. - 11:00 a.m.

Proper planning and preparation can greatly increase audit efficiency and minimize audit adjustments.  This session will outline steps to take, by fund, to help you prepare for your audit.  It will include common audit mistakes, errors and omissions to avoid when preparing financial statements.  It will review the top 10 audit findings and recommendations from the Office of the State Comptroller.

2015-2016 Presenters: 
Long Island, Westchester: Alexandria Battaglia, R.S. Abrams & Co., LLP

Western, Central, Capital: Kathryn Barrett, Freed Maxick CPAs, P.C.

 

Session 4: Smart Schools Bond Act Accounting and Auditing

11:00 a.m. – 12:00 p.m.

The Smart Schools Bond Act of 2014 provides $2 billion for classroom technology and internet connectivity, among other purposes, but comes with a slew of questions for business officials and auditors. Accounting requirements, long-term planning, and the interface between technology and capital construction are all topics of interest as districts decide how to handle this money. This session will shed light on the procedures and practices that should be used in dealing with Smart Schools funds.

2015-2016 Presenters: 
Long Island, Westchester, Western, Central, Capital (tentative): Christina Coughlin, New York State Education Department & Carl Thurnau, New York State Education Department

 

Lunch

12:00 p.m. - 1:00 p.m.

 

Session 5: Data Collection, Reporting and other ACA Issues

1:00 p.m. - 2:00 p.m.

With the passing of the Affordable Care Act, applicable districts are required to file information returns with the IRS and to provide statements to full-time employees about health coverage. This session will address ACA reporting and data collection responsibilities, necessary forms, deadlines, and procedures as well as other obligations of districts under the ACA.

2015-2016 Presenters: 
Long Island, Westchester: Michael Grinnell &  Kirsten Tudman, CPI-HR
Western, Central, Capital: Jennifer Boll & Michael Flanagan, Hodgson Russ, LLP

 

Session 6: Maximizing Special Education Aid

2:00 p.m. - 3:00 p.m.

As the field of special education evolves, it is increasingly important to maximize the value of special education aid in order to best meet the needs of students. It can be a challenge to manage these finances when dealing with the nuances of the state’s System to Account for Children. Building positive relationships with special education staff is a challenge and opportunity for school business staff. This session will address these topics in addition to maximizing aid for summer placements, high cost public excess cost aid, and private excess cost aid.

2015-2016 Presenters: 
Long Island, Westchester, Western, Central, Capital: State Aid Planning Questar III BOCES

 

Session 7: Legislative Update

3:00 p.m. - 4:00 p.m.

This session will provide a summary of the 2016-17 State Budget relating to state aid to school districts and other potential legislative changes. It will include changes to general purpose aid, grants, and education reform initiatives that have been enacted or are being discussed in the 2016 Legislative Session.

2015-2016 Presenters: 
Long Island, Westchester: Kimberly Shannon, NYSASBO
Western, Central, Capital: Deborah Cunningham, NYSASBO


 

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Cancellation Policy:
Cancellations must be received in writing (or by email at asbomail@nysasbo.org) three full days prior to the start of the program and are subject to a cancellation fee. There are no refunds for cancellations received less than three business days prior to the start of the program.
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