May 21, 2025
8:30am - 4:00pm
100-200 Level

Okemos Conference Center
2187 University Park Dr.
Okemos, MI 48864
517-381-7300

More details to come!

Session Description:

I. Fundamental Elements of Governmental Accounting

This seminar will introduce the concepts of fund accounting with emphasis on Governmental GAAP and their applications, as well as the state mandated uniform accounting system for local units. Accounting for Governmental, Special Revenue and Proprietary Funds will also be covered, as will current issues in governmental accounting. The session will include a discussion of GASB 34, its background and elements needed to prepare the government wide financial statements.

II. Public Financial Statements

This program is designed for individuals in the field of public finance who are responsible for the financial reporting functions in their governmental units and those who would like to learn how to read and analyze a governmental financial statement. This seminar includes instruction and discussions about financial reporting in Michigan under the requirements of PA 2 of 1968, the Uniform Accounting Act for Local Units of Government. The Government Finance Officers Association (GFOA) criteria for achieving the Award for Excellence in Financial Reporting, including the requirements of clarity, comparability and completeness will be reviewed and demonstrated.

III. Governmental Budgeting

This seminar includes instructions, discussions and samples of governmental budgeting as practiced in Michigan under the requirements of PA 621 of 1978, the Uniform Budgeting and Accounting Act for Local Units of Government. Topics will include:

• The budget as a policy document
• The budget as an operations guide
• The budget as a financial plan
• The budget document as a communications device

Please note:

Those successfully completing all three Back to Basics sessions will be eligible to attend the Spring Seminar following their final Back to Basics course, complimentary. The courses do not have to be done in order, but must be completed within two calendar years. For example: you may take Sessions II & III one year and complete Session I the following year. The offer for complimentary Spring Seminar attendance is not transferable, and cannot be extended beyond the Spring Seminar following your completion of the Back to Basics series.