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Review upcoming DPI School Finance Team report due dates and critical activities for the spring months ahead, including making adjustments to your PI-1504 Budget Report. Learn where to find pertinent information on the SFS Team’s website.
8:30 AM
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This is part of a series of sessions that were developed based the Government Finance Officers Association (GFOA) Best Practices.The GFOA Best Practices aim to promote and facilitate positive change and include proactive steps that a government should be taking. Episode 1 will focus on the policies, processes and procedures that contribute to improved financial management. We will look at these topics not only in the context of the GFOA Best Practices, but also from the perspective of credit rating agencies and financial market regulations.
8:30 AM
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This session will provide attendees with a recap of pertinent legal developments over the course of the past year. . .with a twist. The presenters will not only include an overview of the latest developments from the state and federal courts and legislatures, but attendees will leave the presentation with the understanding of, and tools necessary for, how to navigate the latest legal challenges facing schools.
8:30 AM
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* Discover effective cash management practices * Learn the basic components of an investment policy * Understand investment products, statuatory restrictions, terminology, and market players
8:30 AM
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DPI requires that districts report financial information using a specific coding system. Most districts use this for their day-to-day accounting. Learn what it all means and how the component parts fit together so that you can properly report out your information.
9:45 AM
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Governments are fundamentally different from for-profit businesses and therefore require different accounting and financial reporting standards to meet the needs of its stakeholders. In this session, we will discuss those differences, the financial reporting model for governments and the role of the business manager in the preparation and review of the annual financial statements. This session is geared toward new business managers or those new to governmental accounting and reporting.
9:45 AM
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How to account for a self-funded heath insurance plan, and some ideas for engaging staff in managing the plan.
9:45 AM
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This year, Wisconsin schools will split over $384 million in state special education aid. How do auditors help DPI ensure those funds are shared equitably? What issues have come up over the past year? This session will address these questions and walk through the what, how, and why of the state Special Education Audit Program.
11:00 AM
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The Governmental Accounting Standards Board (GASB) continues to issue significant guidance that districts must follow to conform with Generally Accepted Accounting Principles (GAAP). This session will provide a brief overview of recently issued GASB Statements, including Statement 84 (Fiduciary Funds), Statement 87 (Leases), and related Implementation Guides. This session will also review current GASB projects, including potential changes to the financial reporting model, revenue and expense recognition, and note disclosures.
11:00 AM
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Looking for a way to enhance your financial reporting and improve your financial transparency? Come to this session to find out how your financial report can be an award winning report through the ASBO International Certificate of Excellence program. Find out what is included in the Comprehensive Annual Financial Report and how it can take the financial reporting of your District to a new level.
11:00 AM
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Has your auditor suggested that you refine your cash reconciliation processes? Are your balance sheet accounts drawing attention from DPI? Do you have multiple operating and investment accounts that are out of balance? Electronic transfers causing errors? This presentation will include examples of cash reconciliation issues and offer advice on how to best manage this responsibility so that entries are timely, errors are found quickly, and records are accurate.
When
3/18/2020 1:00 PM - 3/19/2020 2:00 PM
1:00 PM
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Attend this session to learn the ins and outs of Open Enrollment, from the regular application period and the alternative application procedures for school districts, including the treatment of Open Enrolled pupils for General Aid and Revenue Limits.
1:00 PM
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This session will showcase some of the GASB 84 implementation practices and reporting tools already being utilized by the presenting districts. Speakers will also review definitions of GASB 84 accounts and what constitutes application of this pronouncement. The first half will have individual presentations of each district's implementation tools and hiccups they may have experienced along the way. The second half of the time will be devoted to questions from session attendees. Bring your list of agency funds to see how you compare!
1:00 PM
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For those of you that have been through it, the process of issuing debt seems onerous – meetings, conference calls, paperwork, signatures, and a mountain of paper. While the pre-issuance process certainly involves many steps, post-issuance compliance is multifaceted as well. In this session, we will discuss the essential aspects of post-issuance compliance including spend down requirements, arbitrage/rebate calculations, continuing disclosure, and ensuring timely payment of debt service to avoid default. These topics are particularly relevant in the rapidly changing interest rate and regulatory environment.
1:00 PM
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Not sure whether you need to know about some of those ‘other’ funds that you don’t hear about as much as Funds 10 and 27? Attend this session to learn what these funds are used for and whether they would be appropriate for your district.
2:15 PM
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Implementation of GASB Statement No. 87 will require a complete analysis of existing lease agreements, in addition to contacts that could include lease-like terms. This session will provide basics on how to determine the key factors in determining what is applicable under GASB Statement No. 87 and how to proceed with implementation. We will also discuss additional upcoming GASB pronouncements that may affect your organization.
2:15 PM
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Review tax requirements and best practices for providing additional employee compensation as well as wellness plan incentives and give aways. In this session specific situations will be reviewed with comments and feedback from the audience. The interactive session will provide discussion and a quality learning experience for everyone. Walk away with tips regarding the do’s and don’ts of offering additional compensation or cash-related benefits.
2:15 PM
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Most state school funding comes through equalization and other general aids, but not all! Wisconsin has a number of aid programs targeted at specific needs like special education, transportation, or school libraries. Some are automatic or formula-based; others require specific claims or reports. This session will try to help you make sense of these "categorical" programs.
3:30 PM
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Fund 73 is the place to fund post-employment benefits. The balance in this account must tie back to an irrevocable trust balance. However, over the last ten years, these trusts have become more complicated as districts benefits change from continued health care to HRA contributions, create actively-funded post-employment benefits, and/or add 403(b) contributions and matches. This is an interactive workshop that walks through some of the rules and guidelines for the trusts and accounting., followed by some real-life scenarios for the audience to review and determine what the district should and should not do.
3:30 PM
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The Wisconsin Alliance is a group of Districts that have joined the Student Data Privacy Consortium through the DPI. This consortium offers two tools at no cost to districts: 1) Sample contract language to use with vendors to provide a legal and consistent expectation for student data privacy and 2) A list of apps that meet the standards established and defined in the sample contract. You will leave this session knowing the criteria for selecting apps as well as who you can work with around the state when purchasing, selecting and negotiating software purchases. If you don’t already have access to the consortium, we will also help you gain access to the resources.
3:30 PM
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