A LETTER FROM THE PRESIDENT- December 2020

Dear Colleagues, I wanted to thank everyone for their participation in the Fall Virtual Conference. We had a turnout of nearly 300 members and the very active participation of our sponsors as well. I wanted to thank all our sponsors for their continued support and attendance at the Fall Conference. In particular I wanted to think our Palladium Sponsor Clifton Larsen Allen (CLA) who again allowed us to use their virtual platform for the conference and also provided their very talented staff Karen Jaquish, Tami Craig, and Julie Rubelowski to prepare for and support the production.

We are completing our preparations for the January 29th Virtual Winter Conference and have already secured the ever popular Anirban Basu who will provide us with his perspective for the 2021 Economic Outlook and, we hope, the post-Pandemic World and U.S. Economy. We will also have our annual GASB update and hear from Emily Brock, the Director of GFOA’s Federal Liaison Center, on the priorities and legislative outlook of the Biden Administration and the 117th Congress in 2021. We always strive to provide the best in continuing government finance education for our members, so we invite your active participation in the Program Committee and all our Affinity Groups.

At the last Maryland GFOA Board meeting on Friday November 6th we decided to explore the benefits of establishing a Budget and Fiscal Policy Affinity Group. If you are interested in participating in this Affinity Group or would like to be on the Committee that plans for the upcoming Affinity Group meetings, please contact me or Jane Ramsey from our contact information provided on our website.

Joe Beach, President

Maryland Government Finance Officer’s Association


Upcoming Quarterly Conferences

SAVE THE DATES!

January 29, 2021- VIRTUAL

April 30, 2021

October 29, 2021

CORONAVIRUS RESOURCE / POLICY SHARE

Policies regarding the Coronavirus from our membership for your resources

Send us your Press Release and we will post it to our Coronavirus Resource page mdgfoa@mdgfoa.org

A Discussion with Comptroller Peter V.R. Franchot

March 19, 2021

Join us for a virtual Discussion with Comptroller Franchot. Register and send us your Questions for the Comptroller.

Get More Information Here

Scholarship

Lloyd W. Jones Scholarship

The Maryland GFOA Executive Committee at its regular meeting on May 2, 1997, approved the establishment of the Lloyd W. Jones Memorial Scholarship Fund.

Lloyd Jones was a past president of the Maryland GFOA and held vital City, County and State finance posts in addition to the many other organizations which he served as a volunteer. He was a most exemplary public servant in his positions as Director of the Maryland Deposit Insurance Fund, Director of the Department of Assessments and Taxation, Director of the Maryland Lottery, Chief Accountant for Baltimore City and Director of Finance of Carroll County.To honor Lloyd and the principles he stood for, Maryland GFOA annually awards a scholarship grant to a government employee to attend the MDGFOA Summer Conference who otherwise would not be eligible to attend at their employer’s expense.

The scholarship consists of one Annual Summer Conference registration with 2- night, standard accommodations at the Conference Hotel,  plus $200 to help defray the cost of attending the conference. It also includes a one-year membership in the MDGFOA. The award items are subject to change.

To be eligible, nominees must be employed by the State or a local government in the practice of governmental financial management, who have made an outstanding contribution to their organization in the performance of their duties during the past year. Nominations may be made by any Active Member, with the final selection by the Maryland GFOA Executive Board.

To be considered for the 2021 Lloyd W. Jones Scholarship, you must submit the nomination form no later than April 1, 2021

Time to Renew

2020-2021 Membership Renewal / Acquisition

July 1 starts our new MDGFOA Membership year. Have you renewed your Membership? Just LOG IN, and renew.

New to MDGFOA and ready to become an active Member? We cannot wait to have you join us!!

MDGFOA BLOG

TD Bank presents….

Please join us on February 16 at 2:00 p.m. for this virtual event, Our Evolving Economy Amid COVID-19. This webinar led by Tom Gregory will feature key insights from TD Bank’s Director and Senior Economist, James Marple, and TD Bank’s Head of Government Affairs, Jim Johnson on important topics including overarching economic updates, how the…

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A Letter From Our President

Dear Colleagues, I wanted to thank everyone for their participation in the Fall Virtual Conference. We had a turnout of nearly 300 members and the very active participation of our sponsors as well. I wanted to thank all our sponsors for their continued support and attendance at the Fall Conference. In particular I wanted to…

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Fiscal First Aid- GFOA US & Canada

What is Fiscal First Aid? By: Mike Mucha, GFOA Deputy Executive Director Shayne Kavanagh, GFOA Senior Manager of Research Katie Ludwig, GFOA Senior Manager Jamie Porter, GFOA Program Associate COVID-19 and the associated recession has presented immediate financial difficulties and has also harmed the long-term financial outlook for local governments.   To help local governments deal…

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Many best practice articles suggest putting your best staff on the ERP implementation project, and then backfill for their ongoing day-to-day responsibilities. Do you find this practical; from your experience have you seen this actually carried out?

Yes. I think that it is practical and necessary to put your “best” on the project. The alternative is putting your “less than best” people on the project and setting up the system in a way that doesn’t set up that foundation for future success. We recommend that you don’t completely remove those individuals from…

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What is the typical life cycle of an ERP system?

What is the typical life cycle of an ERP system?From our research and experience, ERP systems need to be upgraded regularly. Most governments hold onto a system for 15-20 years between entire replacement projects. However, poor implementations, or lack of regular upgrades will require a shift much sooner (10-12 years is not unusual).

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What are the tell-tale signs that an ERP system needs to be replaced?

1) Current vendor no longer supporting system 2) Your business processes are fragmented, not consistent, rely on shadow systems or manual work 3) Your original system implementation did not fully implement the planned scope 4) The system itself presents business continuity risk from security issues, lack of internal support, or technology compatibility issues 5) Future…

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ERP- There seems to be a trend moving away from single integrated system (which may be good for some tasks and less than adequate for others) to selecting best-in-class and develop integrations. Thoughts on this trend?

Core ERP (finance, procurement, HR, payroll) should be part of one system. It creates too many issues if your split up this “integrated core” Extended functions however, which in the past may have been modules of an enterprise-wide system such as utility billing, permitting, recruiting, etc. can be (and in my opinion should be) evaluated…

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ERP- In my experience training always seems to fall flat in implementations – is there any proven fix to this issue?

Don’t limit training to only the system. Remember these are change projects and users must understand why they doing tasks in the way that is now required. Train on business process, train on chart of accounts, train on policies that are different. Also, assume training doesn’t end with go-live.

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Lauren Bierly, Accountant/Auditor for Montgomery County, receives the 2020 MDGFOA Lloyd Jones Scholarship Award

Lauren did not take the normal route to become an accountant. Lauren has a Bachelor of Science degree in Geology from Juniata College and a Masters of Science in Geology from Purdue University. After working in the geology field, Lauren then obtained a Masters in Accountancy from the University of Texas of the Permian Basin.…

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Intermediate Governmental Accounting Seminar slated for Spring 2021

MDGFOA will be hard at work over the Autumn and Winter updating our content for the Intermediate Governmental Accounting Seminar. The GFOA released a new Blue Book over the summer of 2020. As well, new uniform guidelines are rolling out. We will send out notification once a date is scheduled in the Spring for IGAS.

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Join the MDGFOA as an Associate Partner for our 2020-2021 Membership year. Support our Members in education, create new relationships with potential clients, build upon current business relationships.

Find out more here: MDGFOA 2020-2021 Partnerships

Thank you to our 2020-2021 Annual Partners

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