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 More

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 More

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 More

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 More

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…

Read More

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.

Read More

Montgomery County earned a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for its 2019 Comprehensive Annual Financial Report (CAFR). The County has received this award 50 times since 1951 and for 48 consecutive years since 1972 – more than any other County in the nation. The Certificate…

Read More