GFOA Triple Crown Winners
Congratulations to Montgomery County and The City of Rockville!! GFOA’s Triple Crown recognizes governments who have received GFOA’s Certificate of Achievement for Excellence in Financial Reporting, Popular Annual Financial Reporting Award, and the Distinguished Budget Presentation Award. https://www.gfoa.org/gfoa-triple-crown-winners?utm_source=newsletter&utm_medium=email&utm_campaign=7_15_2021_Newsletter_Kitchen&utm_content=3rd_Story%20
Read MoreDistinguished Budget Presentation Winners Announced
Distinguished Budget Presentation Award winners though March 31, 2020, are now listed. Click here to view the award winners. Also, a special congratulations to the following jurisdictions who have received the award for 35 years or more: Cadillac, MI (37), Farmington Hills, MI (37), Montgomery County, MD (37), Cambridge, MA (36), Gladstone, MO (36), Roanoke,…
Read MoreAnne Arundel County Receives Budget Award
Annapolis, Md (March 19, 2021) Today, County Executive Pittman announced that Anne Arundel County has received the Distinguished Budget Presentation Award from the Government Finance Officers Association for its Fiscal Year 2021 budget. The award is based on nationally recognized guidelines and demonstrates a commitment to meeting the highest principles of governmental budgeting.
Read MoreTD 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…
Read MoreA 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…
Read MoreFiscal 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…
Read MoreMany 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…
Read MoreWhat 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).
Read MoreWhat 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…
Read MoreERP- 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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