GASB Statement will require State & Local Disclosure of Tax Abatements

Contributed

NewGASB(Norwalk, CT) The Governmental Accounting Standards Board (GASB) has issued final guidance that requires state and local governments for the first time to disclose information about tax abatement agreements.

The disclosure requirements in GASB Statement No. 77, Tax Abatement Disclosures, are designed to provide financial statement users with essential information about these agreements and the impact that they have on a government’s finances.

Governments often agree to abate or reduce the taxes of individuals and entities to promote economic development, job growth, redevelopment of blighted or underdeveloped areas, and other actions that are beneficial to the government or its citizens. Many state and local governments have tax abatement programs in place and the effects of tax abatements on their financial health and ability to raise revenue can be substantial. However, until now it has been difficult to determine the extent and nature of these effects from financial statements.

“This new guidance will result in people who use governmental financial statements having access to essential information about the tax abatements governments enter into,” said GASB Chair David A. Vaudt. “Not only will this mean that they’ll have access to information that will allow them to better assess a government’s financial health, but it will also make the impact of these agreements much more apparent.”

Statement 77 requires governments to disclose information about their own tax abatements separately from information about tax abatements that are entered into by other governments and reduce the reporting government’s tax revenues. The new disclosures about a government’s own tax abatement agreements include:

  • The purpose of the tax abatement program
  • The tax being abated
  • Dollar amount of taxes abated
  • Provisions for recapturing abated taxes
  • The types of commitments made by tax abatement recipients
  • Other commitments made by a government in tax abatement agreements, such as to build infrastructure assets.

The new disclosures about tax abatements that are entered into by other governments and reduce the reporting government’s tax revenues include:

  • The name of the government entering into the abatement agreement
  • The tax being abated
  • Dollar amount of the reporting government’s taxes abated.

The full text of the Statement is available on the GASB website, www.gasb.org.

About the Governmental Accounting Standards Board

Established in 1984, the GASB is the independent, private-sector organization based in Norwalk, Connecticut, that establishes accounting and financial reporting standards for U.S. state and local governments that follow Generally Accepted Accounting Principles (GAAP). These standards are recognized as authoritative by state and local governments, state Boards of Accountancy, and the American Institute of CPAs (AICPA). The GASB develops and issues accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to taxpayers, public officials, investors, and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the GASB. For more information, visit www.gasb.org.

2016 WSSA Issues CFP, Proposals Due December 1st

Click Here for PDF of Call for Proposals and Participation

Call for Proposals

58th Annual WSSA Conference

April 13-16, 2016 – Grand Sierra Resort & Casino – Reno, NV

PUBLIC FINANCE AND BUDGETING

15th Annual Meeting

A Section of the Western Social Science Association

Coordinators: Thad Calabrese and Christopher Goodman 

Public Finance and Budgeting (PFB) is a section of the Western Social Science Association (WSSA) created to provide a friendly and scholarly environment for sharing research in the areas of public finance, public budgeting, and public financial management as they are broadly defined. Paper and panel proposals are welcome on all topics in public finance, financial management, budgeting, and public economics. The association also offers sections in public administration, economics, political science, urban studies, and many other social science disciplines.

Continuing a sectional tradition of journal symposia, papers that are accepted and presented will be eligible to be included in a symposium in the Municipal Finance Journal. The symposium will be peer reviewed and the usual standards and topical considerations for publication in the Municipal Finance Journal apply.

The section also offers a Best Manuscript Award as well as a Runner-Up Award. Papers are self nominated following the completion of the conference. The 2015 winner was Professor Soomi Lee for her paper “Do States Circumvent Supermajority Vote Requirements to Raise Taxes? Examining Time Varying Effects of Supermajority Rule.” Dr. Lee is Visiting Assistant Professor at the College of Business and Public Management, University of La Verne. The author of the runner-up paper this year and Professor John L. Mikesell for his manuscript titled “Dynamic Performance Of State Tax Revenues: Growth And Reliability Of Major State Taxes.” Dr. Mikesell is Chancellor’s Professor at School of Public and Environmental Affairs, Indiana University. The PFB section will recognize the winners at the WSSA’s Annual Meeting next year.

Please check the conference website regularly for registration and hotel reservation details: http://www.wssaweb.com/conferences.html.

For students: Students affiliated with WSSA can win $500, a free one-year subscription to the Social Science Journal, and free conference registration at the conference in Reno, NV. Each winning paper will also receive one room/2 nights free lodging.

Completed papers are generally due by mid-January. As soon as your proposal is accepted, please consider submitting your completed paper to this student paper competition.

To Submit a Proposal, Include the Following:

  • Indicate if you are proposing a Paper or organizing a Panel.
  • ***(Indicate whether you wish to serve as a panel chair. In advance, many thanks!)
  • Name, Title, Affiliation, Address, Telephone Number, and E-mail Address for Author(s)
  • Abstract(s), Not to Exceed 200 Words

Each Proposals must be received by December 1, 2015.

Sullivan Elected 2016 Vice-Chair

Dr. Bryan Sullivan was elected to serve as the 2016 Vice-Chair of ABFM during recent elections, putting him in position to be Chair of our organization in 2018.

Bryan is the Director of Management Efficiency for the State of Delaware Office of Management and Budget. He is the first practitioner to be elected to the Chair track in ABFM leadership since Dr. Carol Ebdon, who was elected while she was CFO for the City of Omaha, NE.

Bryan has a long history in ABFM service and leadership, including prior terms on the Executive Committee and as the organization’s Treasurer. He was elected back to the Executive Committee last year.

Bryan has worked in public budgeting for more than 20 years and holds an MPA and PhD from University of Delaware.

Bryan will service as Chair-Elect and Conference Chair in 2017 before becoming ABFM Chair in 2018, then Immediate Past Chair in 2019.

In addition, three ABFM members were elected to positions on the Executive Committee for terms beginning January 1, 2016, and ending December 31, 2018:

Dr. Benjamin Clark was reelected to the Executive Committee for a second term. Ben is the Executive Director of the Great Lakes Environmental Finance Center and Associate Professor of Public Budgeting and Finance at Cleveland State University. Ben earned his MPA from Syracuse and a PhD from The University of Georgia.

Dr. Sharon Kioko is a new member to the ABFM Executive Committee and has been involved in the organization the past nine years. Formerly an Associate Professor at Syracuse University, she is now an Associate Professor of Public Administration at University of Washington in Seattle.

Peter Van Der Hoek is one of ABFM’s most active international members and a past member of the Executive Committee. Retired from Erasmus University in Rotterdam, Netherlands, Peter is Professor of Privatization, Management and Finance at the University of Economics in Bucharest, Romania, and External Examiner at Ternopil National Economic University in Ternopil, Ukraine.

PA Times requests Articles on Private Delivery of Public Services

Contributed

In the era of declining budgets and shrinking staff, governments have adopted a number of strategies to maintain efficient delivery of services. From outsourcing to public private partnerships (P3) and cooperatives, a range of options have been adopted by public managers.

The October issue of PA TIMES explores Public Services through Private Delivery and the different models used. In addition, PA TIMES will examine the role and use of technology in delivery services. From e-government to the increasing use of mobile applications and programs, how is citizens’ relationship with government changing because of technology.

Among the questions PA TIMES will examine:

  • How are transparency and accountability built into the process?
  • Is private delivery cheaper than public organizations providing that same service?
  • What promotes legitimacy for non-government agencies to provide public services?
  • How do public manager determine when this is the best model?
  • What challenges are associated with private delivery of public services?
  • What role does technology play?

ASPA invites articles that discuss the relationship between private delivery and public services.

Please take a moment to review our submission guidelines before submitting. A few highlights:

  • PA TIMES follows AP format.
  • Articles should be no more than 900 words
  • References and citations are not published.
  • A 25 word author bio and contact email must accompany the submission.

Send your articles for consideration via email to patimes@aspanet.org by Monday, August 24th.

 

Call for Proposals for Handbook on Sub National Governance

Contributed

Call for Chapter Proposals

For the Handbook on Sub National Governance and Development

 

Editors

Eris D. Schoburgh, University of the West Indies, Mona Campus, Jamaica West Indies

Roberta Ryan, University of Technology, Sydney (UTS), Australia

 

Introduction

The intersecting factor in the post-2015 development debates and domestic policies is that institutions have a positive role in a country’s quest for economic prosperity. There are renewed efforts to decentre development strategies as alternative solutions to development problems are being sought. Development is once again being associated with different types of geographies, viz, regional and local and as a consequence political and civil institutions are aligned to place-making. In this milieu, sustainable development efforts are necessarily linked with local and regional governments with a local economic development strategy as a basis for enhancing economic prosperity, arresting growing unemployment levels and improving standard of living and general welfare.

The primary objective of this handbook is to amass a wealth of research and social inquiry into global experiences with sub national governance and development into one volume to enrich the development discourse in the area of alternative approaches to development.

The target audience of this book will be composed of professionals and researchers working in the field of public policy and management, local and regional governance, local economic development, and community development. The book will provide new insights about the theory and practice of sub national governance and development from an international perspective to aid knowledge transfer. The book will be a useful source of policy relevant information for policy officials at all levels of government.

Papers may deploy any appropriate theoretical lenses and methodological approaches and might consider questions relating, but not limited to, the following sub-themes:

  1. Local/regional economic governance
  2. Local/regional economic development
  3. Local/regional government in rural development
  4. Community development and governance structures
  5. Public-private-partnerships; co-production in sub national government
  6. Cities as cites of economic and social development
  7. The role of the business sector in local/regional economic development
  8. Strategies for third sector integration in local and regional governance
  9. Locating international technical assistance in sub national development policy and strategy
  10. Climate change adaptation and sub national governance
  11. Public financial management and systems of accountability in sub national government
  12. Fiscal responsibility frameworks and sub national governance
  13. Managing the local commons – the informal economy and sub national government
  14. Performance management in sub national government
  15. Organisational change for managing local/regional economic development
  16. Organisational change for effective and efficient service delivery in sub national government
  17. Local/regional economic development capacity requirements – institutional/organisational; leadership/managerial; policy/political
  18. The political economy of local and regional economic development – central-local and intergovernmental relations
  19. Innovations in sub national governance and development
  20. The post-2015 development agenda and sub national government/governance
  21. Theorizing sub national politics/policy, government/governance, development/economic development

Submission Procedure

Researchers and practitioners are invited to submit on or before September 1st, 2015, a chapter proposal of 1,000 to 2,000 words clearly explaining the mission and concerns of his or her proposed chapter. Authors will be notified by September 15, 2015 about the status of their proposals and sent chapter guidelines. Full chapters are expected to be submitted by November 30, 2015, and all interested authors must consult the guidelines for manuscript submissions at http://www.igi-global.com/publish/contributor-resources/before-you-write/ prior to submission. All submitted chapters will be reviewed on a double-blind review basis. Contributors may also be requested to serve as reviewers for this project.

Note: There are no submission or acceptance fees for manuscripts submitted to this book publication, The Handbook of Research on Subnational Governance and Development. All manuscripts are accepted based on a double-blind peer review editorial process.

All proposals should be submitted through the E-Editorial DiscoveryTM online submission manager or via the link: http://www.igi-global.com/publish/call-for-papers/call-details/1888.

Publisher
This book is scheduled to be published by IGI Global (formerly Idea Group Inc.), an international academic publisher of the “Information Science Reference” (formerly Idea Group Reference), “Medical Information Science Reference,” “Business Science Reference,” and “Engineering Science Reference” imprints. IGI Global specializes in publishing reference books, scholarly journals, and electronic databases featuring academic research on a variety of innovative topic areas including, but not limited to, education, social science, medicine and healthcare, business and management, information science and technology, engineering, public administration, library and information science, media and communication studies, and environmental science. Foradditional information regarding the publisher, please visit www.igi-global.com. This publication is anticipated to be released in 2016.

 Important Dates

September 1st, 2015: Proposal Submission Deadline
September 15, 2015: Notification of Acceptance
November 30, 2015: Full Chapter Submission
February 25, 2016: Review Results Returned
March 31, 2016: Final Acceptance Notification
April 30, 2016: Final Chapter Submission

Inquiries can be forwarded to:

Co-editor Dr. Eris Schoburgh: Eris.schoburgh02@uwimona.edu.jm

Co-editor Associate Professor Roberta Ryan: roberta.ryan@uts.edu.au

Proposed papers must not be under consideration by other publication

MSRB CONSIDERS CREATING MUNICIPAL MARKET DATA PRODUCT FOR ACADEMIC RESEARCHERS

Contributed

msrbLogoAlexandria, VA – The Municipal Securities Rulemaking Board (MSRB) is requesting comment on a proposal to support academic research on municipal market trading practices with the creation of a new historical trade data product for higher education institutions.

The MSRB collects trade data from dealers through its Real-Time Transaction Reporting System (RTRS). Certain RTRS data are disseminated to the public through the Electronic Municipal Market Access (EMMA®) website and made available in a real-time feed on a paid subscription basis. In both dissemination methods, identifying information about dealers involved in transactions is exclusively for regulatory purposes.

Academic researchers have requested access to trade data containing dealer identifiers to gain a better understanding of secondary market trading practices in the municipal securities market, including issues related to intermediation costs, dealer participation and liquidity previously explored in the MSRB’s 2014 study on secondary market trading. The MSRB’s proposal for a historical data product for academics includes anonymous dealer identifiers to assist researchers in distinguishing transactions executed by specific parties, while still protecting their actual identity.

The MSRB is requesting input from researchers, dealers and other market participants about appropriate parameters for this new historical trade data product. Comments should be submitted to the MSRB no later than September 14, 2015. The Financial Industry Regulatory Authority (FINRA) is also soliciting comment on a similar proposal that would apply to other areas of the fixed income market.

Call for Papers: Public Policy & Public Administration Track, WDSI Annual Meeting

Contributed

Call for Papers

Public Policy and Public Administration Track

WESTERN DECISION SCIENCES INSTITUTE

45th Annual Meeting
April 5th – 9th, 2016, Las Vegas, NV, USA

Submission Deadline: October 1, 2015

The Public Policy and Public Administration track of the WDSI focuses on developing research in the areas of leadership and decision-making processes within the context of federal, state and local governments as well as non-profit organizations. It also addresses topics related to governmental budgeting and financial management at all levels of government.

We invite you to submit a full paper or a research abstract in the above listed subject areas. All manuscripts and proposals must be submitted online at  www.wdsinet.org. Accepted papers and abstracts of authors who have registered for the conference will be published in the Proceedings and scheduled for presentation at the 2016 WDSI annual meeting.

For further information on how to submit a paper or abstract, please see the attached conference Call-for-Papers or visit the WDSI websitewww.wdsinet.org.

In addition, we would like to encourage you to serve as a paper reviewer or panel discussant. If you are interested, please let us know by September 15, 2015.

Should you have any questions, please feel free to contact us at the emails listed below.

Best,

Theodore Byrne (tbyrne@csudh.edu)

Rui Sun (rsun@csudh.edu)

Co-Chairs, Public Policy and Public Administration Track

2016 WDSI Annual Meeting, Las Vegas, Nevada

Draft Agenda for 2015 ABFM Conference Available

By Carolyn Bourdeaux and Amber Slyter

Although summer may be coming to a close, the 2015 ABFM conference is starting to heat up. We have a full program of panels covering topics from fiscal health to education finance to pension management to environmental budgeting and finance to nonprofit finance to tax policies. Among all of the wonderful panels planned, there are also two great plenaries and a round table discussion that we would like to highlight.

Click Here to View the Draft Conference Agenda

Thursday afternoon’s plenary is entitled “Income Inequality: Causes, Response, and Fiscal Implications”. Speakers are Len Burman, director of the Urban-Brookings Tax Policy Center, Doug Holtz- Eakin, President of the American Action Forum and former CBO director, and Heather Boushey, Senior Fellow at the Center for American Progress.

Friday morning brings another plenary, “The 40th Anniversary of CBO: A Conversation with Alice Rivlin, Robert Reischauer, and Rudy Penner”.  All three speakers are former directors of the CBO, and bring some significant insight to our current fiscal challenges.

Another highlight of this year’s conference is the Municipal Securities Rulemaking Board Roundtable. Titled “The Past and Future of Municipal Securities: 40th Anniversary of the MSRB”, the speakers will discuss what the MSRB has done and what role it will play in the future. We expect a lively debate. Speakers include Rick A. Fleming, Investor Advocate of the U.S. Securities and Exchange Commission; Lynnette Kelly, Executive Director of the MSRB; Christopher “Kit” Taylor, former MSRB director; and Robert Doty, AGFS Municipal Advisor.

This year’s conference is not one that you will want to miss! Click here to check out the program draft on the ABFM website to see what else is in store for this conference.

Faculty Opportunity: Assistant Professor, Cleveland State University

Cleveland State University are seeking a tenure-track assistant professor to invest in our nationally ranked program in urban policy/city management, with research and teaching expertise in either local government finance/budgeting or in local government operations (service delivery and evaluation).

The successful candidate will contribute to our graduate public administration program, including the Master of Public Administration, the public administration track in the Ph.D. in Urban Studies and Public Affairs, and the undergraduate track in public management in the BA in Urban Studies and/or the proposed BA in City Management.

The start date is August 15, 2016.

Apply online and find more info on the opening here:

https://hrjobs.csuohio.edu/postings/3329

Questions can be directed to the Search Committee Chair, Ben Clark, b.y.clark@csuohio.edu, (216) 687-2497.

Job Opportunity: Financial Analyst, Restricted Funds – Columbia College Chicago

Financial Analyst – Restricted Funds

Office of Budget, Planning & Analysis – Columbia College Chicago

Columbia College Chicago is an urban institution that offers innovative degree programs in the visual, performing, media and communication arts for nearly 10,000 students in 120 undergraduate and graduate programs. An arts and media college committed to a rigorous liberal arts curriculum, Columbia is dedicated to opportunity and excellence in higher education.

Position Summary

Job ID: 900303

Coordinates the management of functions related to sponsored programs and other restricted accounts. Propose policies and procedures related to restricted funds for review by management and implementation by program managers. Assist program managers in the financial- reporting and other administrative requirements of their grants/contracts, Memorandum of Agreements, or other sponsored funds. Monitor/track the status of each program through its program life cycle. Responsibilities include performing professional accounting activities for grants, restricted gifts, endowment income, and institutional projects requiring expert knowledge and professional application of accounting principles, practices and techniques in accordance with industry standards, current Jaws and college policy; assuring accounting for grants, gifts, and endowment income complies with GAAP and government requirements and other grant sponsor requirements.

Duties & Responsibilities

  • Prepare all applicable fiscal reports for sponsored programs and ensure the timely submission thereof.
  • Attend professional development training and stay abreast of compliance applicable to grants management and restricted fund accounting.
  • Assist in the closing of the books and the various audits as needed.
  • Write, update, and maintain the Restricted Funds Accounting Handbook, which will serve as the policies and procedures manual for all program managers over special programs and grants/contracts for the college.
  • Maintain the grant/gift/institutional funds set up structures in the ERP to assure appropriate accounting and reporting. The position requires working closely with IT functional and technical staff to streamline and improve business processes.
  • Directly consult with all stakeholders (program managers, principals, finance staff, etc.) concerning assigned programs and other restricted accounts as they relate to financial administration of restricted funds. This includes interpreting federal requirements and granting agency guidelines of such grants.
  • Provide support and training to all grant stakeholders on how to more efficiently and effectively manage their respective grants in following board policy, granting agency guidelines, and all applicable federal regulations related to special programs.
  • Assist in budget preparation for anticipated fiscal year activity along with overall budget of multi-year programs.
  • Review and approve expense and payroll vouchers based on available budget.
  • Review expenditures for accuracy and compliance with federal regulations or donor requirements, will assure the ERP application is structured to reflect encumbrances, accurately track grant expenditures and revenue, apply the appropriate burden rates (indirect cost and benefit rates), and properly reflect revenue in the financial statements.
  • Perform other duties as assigned.

Job Requirements

Qualifications

  • Bachelor’s degree in accounting or a related area with accounting course work – minimum 5 years’ work experience in financial management environment.
  • Knowledge of accounting principles, practices and procedures.
  • Knowledge of computerized accounting systems and applications to include general ledger, report writing applications, testing procedures and general software applications.
  • Experience with PeopleSoft ERP experience and Raiser’s Edge software a plus preferred.
  • Knowledge of OMB Uniform Guidance (Omni Circular) and federal funding agency award administration policies.
  • Knowledge of Fund Accounting practice by not for profit organizations.
  • Strong analytic, oral and written skills.
  • Strong computer and software skills such as Microsoft Office Suite
  • The ability to work independently as well as with other College personnel, students, vendors and clients.
  • Grant application and reporting experience preferred.

Association Status: This is a non-union position.

To view the complete job description and apply, please visit jobs.colum.edu (Job ID 900303). To browse through the job openings, please click Next at the navigation menu.

Application Guidelines:
Please submit cover letter, resume, and the names and contact information for three professional references as ONE document (.doc .docx or .pdf). Have a short title of the document, letter characters only. Upon successful submission, an e-mail notification will be sent to the e-mail provided in your application. If you experience difficulties, please check the Applicant FAQs at www.colum.edu/careersatcolumbia or email Careers@colum.edu.

Equal Employment Opportunity
Columbia College Chicago is an Equal Opportunity Employer. Columbia has a strong commitment to diversity and does not discriminate on any protected basis. Qualified candidates of diverse backgrounds are encouraged to apply.

www.COLUM.edu

Apply Here: https://jobs.colum.edu