The Michigan Department of Treasury is pleased to announce our next Chart Chat webinar on Thursday, October 15, 2020 at 2:00 p.m. The Chart Chat Webinar Series provides updates to local government officials on accounting related topics, updates from the Michigan Department of Treasury, and information on sound fiscal management. Participation is valuable for any local government employee, including but not limited to clerks, treasures, elected officials, finance directors, city, township or village mangers, auditors, and accounting staff.

This Chart Chat will cover changes to the Uniform Chart of Accounts, implementation dates for the Chart of Accounts, information about yearly qualifying statement submissions, and how to monitor fiscal health using cash ratio. 

To register for this event, please visit: https://chartchat.eventbrite.com.

We will be accepting questions for the Q&A portion of the webinar. To submit a question, please email LAFD_Audits@Michigan.gov by Friday, October 9, 2020.  

By clicking on the blue links at the bottom of this page, you will find the following documents for your reference:

• Exposure Draft Memorandum – “Exposure Draft Memorandum.pdf”
• Uniform Chart of Accounts (Clean Copy) – “UCA 202009 ED.pdf”
• Uniform Chart of Accounts marked up copy of the chart with changes clearly shown since last exposure draft – “UCA 202009 Marked Up.pdf”
• Revisions since the last exposure draft – “UCA 202009 Revisions.pdf”
• Implementation Dates (No changes) - “UCA Implementation Dates (April 2020).pdf”

Agenda:

Welcome & Introductions

Cary Jay Vaughn, Manager of the Audit Section, Community Engagement and Finance Division, Michigan Department of Treasury

Stacie Stonebrook, Auditor, Audit Section, Community Engagement and Finance Division, Michigan Department of Treasury

Uniform Chart of Accounts: Changes Since the Last Exposure Draft

Yongping McDonnell, Auditor, Audit Section, Community Engagement and Finance Division, Michigan Department of Treasury

Qualifying Statements Overview

Harlan Goodrich, Manager of the Municipal Finance Section, Community Engagement and Finance Division, Michigan Department of Treasury

Fiscal Indicators: Cash Ratio

Nick Brousseau, Departmental Analyst, Community Engagement and Finance Division, Michigan Department of Treasury

Question and Answer 

Closing Remarks

Cary Jay Vaughn, Manager of the Audit Section, Community Engagement and Finance Division, Michigan Department of Treasury

Additionally, the Michigan Department of Treasury has developed a webpage with numbered letters, memorandums, webinars, and resources regarding COVID-19 updates for local governments and school districts. This webpage was created to ensure that Michigan communities have access to the most up-to-date guidance and is updated frequently with information and resources as they become available.

Thank you,

Community Engagement and Finance Division

• Exposure Draft Memorandum.pdf
• UCA 202009 Marked Up.pdf
• UCA 202009 Revisions.pdf
• UCA Implementation Dates (April 2020).pdf
• UCA 202009 ED.pdf