Fund Accounting and Municipality Analysis:
Part II of II
4.56
532 Reviews
In this 2nd course of the Non-Profit & Municipality Analysis Skill Series, participants will explore financial risk issues in two case studies, focusing on revenue trends, expenses, profits, and cash flow statements, and assess GASB 68's impact on operating results and balance sheets.
Certificate
1 credit or $295
Cost
1.5 - 2 Hrs.
Duration
1 hr.
Prep Time
1
Quiz
Overview
Participants explore risk issues emerging from the comprehensive financial reports for the City of Calistoga, California and the City of Central Falls, Rhode Island. They focus on and assess a) trends and developments in revenue streams, expense categories, and bottom line "profits" and b) cash and near-cash flow statements for governmental and business-type activities. Participants identify the difficulties that confront analysts and lenders in assessing municipal activities reported on a fund accounting basis and business-type activities reported on an accrual accounting basis. Further, they examine the impact of GASB 68 implementation on reported operating results and balance sheet obligations.
Who Should Take This Course
This Course is ideal for participants currently in or aspiring to enter the following job functions:
- Credit Management
- Commercial Credit Administration
- Commercial Loan Administration
- C & I Lending
- Corporate Lending
- Non-Profit Lending
- Loan Review
- Special Assets
- Non-Profit and Municipality Lending
- Health Care Provider Lending
- Private Banking
- Credit Analysis
Prerequisites
Participation in the Fund Accounting and Municipalities: Part I of II webinar and familiarity with accrual financial statements, common performance ratios, and a sound working knowledge of the construction and use of the Uniform Credit Analysis (UCA) cash flow statement.
Objectives
By the end of the webinar, participants will be able to:
- Identify and assess information in the comprehensive financial report about trends and developments in specific tax revenue streams and service charges for both governmental and business-type activities.
- Identify and assess information in the comprehensive financial report about trends and developments in expense categories for both governmental and business type activities and their resulting impact on bottom line "profit".
- Use information in budget vs. actual schedules for governmental and business-type activities to identify areas of greatest weakness in revenue generation and areas of greatest resistance to cost containment in estimating a municipality's prospects for meeting its financial and non-financial obligations.
- Use information in the fund accounting statement of activities to identify the sources of cash to meet interest-bearing debt service for governmental activities.
- Use information in the statement of cash flows in identifying the sources of cash to meet interest-bearing debt service for business-type activities.
- Identify differences between the repayment sources for general obligation and revenue bonds and the relevance of the differences between the sources in both good and bad economic times.
Materials(access provided with registration)
- Credit Refresher on Fund Accounting Basics
- Exercise and Solutions for the Fund Accounting and Municipalities: Part I of II Webinar
- Excerpts from the Comprehensive Annual Financial Report for the City of Calistoga, California
- Excerpts from the Basic Financial Statements for the City of Central Falls, Rhode Island
- Exercise for the Webinar
- Webinar Presentation Slides
- Webinar Poll Questions
- Webinar Poll Solutions
- Exercise Solutions
This is Course 2 of 3 in the Non-Profit & Municipality Analysis Skill Series
Fund Accounting and Municipality Analysis: Part I of II
Fund Accounting and Municipality Analysis: Part II of II
Not for Profit Analysis
