keeping state fiscal officials informed
Volume 28, Number 8
NASACT Meets in “Sweet Home Chicago” for 93rd Conference
By Glenda Johnson, Communications Manager range of topics of interest to state auditors, state treasurers and
state comptrollers and members of their ofﬁces. There were 296
N ASACT’s ninety-third annual conference was held August
9-13, 2008, in Chicago, Illinois, at the Marriott Magniﬁcent
Mile Hotel on Michigan Avenue.
attendees at the conference and 76 guests and youth program
participants. PowerPoint presentations from the sessions may
be downloaded from NASACT’s Web site at www.nasact.
The conference began with a number of meetings and special org/onlineresources/Presentations.html. A complete list of the
events. On Saturday, August 9, some attendees participated sessions and speakers can be found on page 3 of this newsletter.
in the annual golf scramble, which was held at the Rufﬂed Following the rousing opening ceremonies, the ﬁrst general
Feathers Golf Club. On Saturday evening, attendees were treated session, “Leadership Lessons From the Jazz Masters,” continued the
to refreshments after a day of golf or travel at the welcoming musical theme begun during opening ceremonies. Dr. John Hasse,
hospitality reception. The annual 5K fun run/walk was held Ph.D., curator of American music at the Smithsonian Institution,
Sunday, August 10, where participants enjoyed unseasonably cool used live piano interludes to help convey his message that leadership
weather and a spectacular view along the shore of Lake Michigan. and jazz have a lot in common. He compared legendary big band
Sunday afternoon, NASACT’s Executive Committee met from leaders to CEOs of corporations and heads of state government
1:00-4:30 p.m. and the Committee on Accounting, Reporting and enterprises, saying that the “craft” of leadership is the same
Auditing also met that day. Sunday night, NASACT President Vern regardless of the industry. His presentation was structured around
Larson, state treasurer of South Dakota, presided over a very special 10 lessons that today’s government leaders can take away from the
President’s Night Reception in the Signature Room on the 95th ﬂoor jazz masters. His advice to NASACT’s conference attendees: listen
of the John Hancock Center. closely, practice, ﬁnd your own sound, ﬁnd and nurture great talent,
On Monday morning, August 11, the conference’s opening take risks, improvise, innovate, collaborate, and jam.
ceremonies featured several special treats including a color The ﬁrst day of the conference ended with a general session
guard procession of the bagpipers and drummers of the Chicago featuring NASACT’s Illinois hosts who talked about “How to
Police Department’s Emerald Society and a performance by Attract, Involve and Retain the Next Generation of Leaders.”
the Trinity Academy of Irish Dancers. During the ceremonies, Mr. Holland moderated the session, and both Mr. Hynes and
attendees were welcomed by President Larson, as well as the Mr. Giannoulias provided examples from their own experiences
three conference hosts from Illinois: Auditor General William G. and strategies on how states can balance the intricacies of state
Holland, State Comptroller Daniel W. Hynes, and State Treasurer politics with the need to attract young, talented employees into
Alexi Giannoulias. careers in government.
The conference featured four general sessions and 19
concurrent sessions, with over 52 speakers covering a wide (continued, next page)
NASACT Visits the Windy City
N ASACT was graciously welcomed to Chicago by President
Vern Larson and the three host state principals. Shown at
left: President Larson, Auditor General William G. Holland, State
Comptroller Dan Hynes, and State Treasurer Alexi Giannoulias.
Over 50 volunteers from the three ofﬁces worked to make the
2008 NASACT Annual Conference a great success. NASACT
acknowledges with great appreciation the hard work of our hosts.
NASACT News − August 2008 page 1
NASACT Annual Conference Recap (continued from page 1)
Also on Monday, breakout meetings were held to allow the sound judgement and making ethical decisions for the greater
National Association of State Comptrollers and the National good. NASACT’s members are in positions of privilege and a
State Auditors Association to conduct brief business meetings. certain degree of inﬂuence, she contended. She implored the
NASACT’s treasurer constituency also met that afternoon. See audience to adopt a leadership style and philosophy that will
page 11 for a recap of the NASC business meeting. See page 12 serve the greater good.
for a recap of the NSAA business meeting. As customary, the conference ended on Tuesday night
On Monday night, conference participants attended a with State Night festivities, including dinner, dancing and the
reception at the world-famous House of Blues, where attendees presentation of several special awards, including awards for the
were treated to some authentic winners of the golf tournament and
Chicago-style blues. 5K fun run/walk (see page 18 for a
On Tuesday morning, the list of winners).
conference re-convened with NASACT acknowledges with
a session entitled “Financial great appreciation the many people
Accounting Foundation: A who helped make this conference
Challenging Environment Today such a success. Very special thanks
and Tomorrow.” Teresa Polley, go to William G. Holland, whose
FAF’s chief operating ofﬁcer, and ofﬁce served as the lead host
Robert Herz, chair of the Financial ofﬁce, and all his staff. Special
Accounting Standards Board, thanks also go to Daniel Hynes and
gave their perspectives on current Alexi Giannoulias and members of
challenges, stemming at least in their staffs, each of whom donated
part from international standards freely of their time and energy
convergence issues, within to help make the conference a
the U.S. accounting standards success. Carol Clarke from the
environment. Ms. Polley expressed Ofﬁce of the Auditor General
her appreciation to NASACT for served as the host state coordinator,
aiding in efforts to re-negotiate Above: President Vern Larson, SD, addresses and Joe Enright, Ofﬁce of the State
the 1984 structural agreement and attendees at the conference luncheon on Monday. Comptroller, and Cynthia DeWitt,
to ﬁnd a stable source of funding Below: NASACT’s Executive Committee met on Ofﬁce of the State Treasury, served
for the Governmental Accounting Sunday afternoon to go over a full agenda. as assistant coordinators. Without
Standards Board. She gave an their dedication and perseverance,
overview of events from the past the conference would not have
year-and-a-half that led to changes been possible. Many thanks go
this spring in the structure and to the speakers and moderators
governance of the FAF, GASB and who helped continue NASACT’s
FASB. She ended on a positive tradition of program excellence.
note by giving a brief overview Our survey responses continually
of the most recent meetings show that members want to learn
between FAF and its government from each other by example, so
constituents, which have resulted kudos to those who were willing
in general agreement on changes to share their experiences and
to the role of NASACT and the practical knowledge by giving
Government Finance Ofﬁcers presentations. Without the
Association as electors of the knowledge, expertise and ﬁnancial
FAF government trustees as well support of our corporate partners,
as a commitment by the National the conference would be truly
Governors Association and the lacking−we thank NASACT’s
National Conference of State corporate partners for their time
Legislatures to fund the GASB. and continued support. Finally, many thanks go to NASACT’s
Mr. Herz discussed the interplay between the FAF, FASB and committee chairs and members. It is their hard work throughout
GASB and gave his analysis of some of the bigger overall market the year that ensures that the organization is addressing
inﬂuences that are having an impact on accounting standards member concerns and working to improve the industry of state
setting in the U.S. government ﬁnancial management.
The ﬁnal general session on Tuesday afternoon was presented The next NASACT annual conference will be held in
by Marisa Rivera-Albert, president of Mpowerment Works, LLC. Dearborn, Michigan, August 15-19, 2009. We hope that you can
She gave an inspirational talk about the importance of using join us there next year!
NASACT News − August 2008 page 2
NASACT Annual Conference Recap
Download handouts and bios from NASACT’s annual conference at (GS #2) Future of Government Leaders: How to Attract, Involve
www.nasact.org/onlineresources/presentations.html. Please note that and Retain the Next Generation of Leaders
not all speakers make their presentations available for download. GS = Alexi Giannoulias, State Treasurer, IL
general session, CS = concurrent session. Daniel W. Hynes, State Comptroller, IL
MONDAY, AUGUST 11 TUESDAY, AUGUST 12
(GS #1) Leadership Lessons From the Jazz Masters (GS #3) Financial Accounting Foundation: A Challenging
John Edward Hasse, Ph.D., Curator of American Music, National Environment Today and Tomorrow
Museum of American History, Smithsonian Institution Robert H. Herz, Chairman, Financial Accounting Standards Board
Teresa S. Polley, Chief Operating Ofﬁcer, Financial Accounting
(CS #1) Increasing Transparency in State Government Foundation
Joe Enright, Director of Policy, Ofﬁce of the Controller, IL
(CS #11) GASB Update
April C.V. Gunn, Director of Data Analysis, Ofﬁce of the Auditor of
Robert H. Attmore, Chair, Governmental Accounting Standards
Public Accounts, VA
Suzy Whittenton, Director of Fiscal Management, Ofﬁce of the
David R. Bean, Director of Research, Governmental Accounting
Comptroller of Public Accounts, TX
(CS #2) Integrating Environmental Considerations Into Investment (CS #12) Economic Report for the States
Decisions Scott D. Pattison, Executive Director, National Association of State
Jonathan Naimon, Founder and Managing Director, Light Green Budget Ofﬁcers
Advisors Robin Prunty, Senior Director, Standard & Poor’s
(CS #3) Financial Management Issues (CS #13) Improving Performance Auditing and Performance
Christian Fuellgraf, Director, Grant Thornton, LLP Management
Tom Dale, Director, Grant Thornton, LLP Terry D. Hanson, Senior Manager, Ernst & Young
Aaron Erickson, Deputy Director, State Accounting, Ofﬁce of Chris Cortines, Deputy Director of Performance Audit, Ofﬁce of the
Budget and Management, OH State Auditor, WA
Gila Bronner, President and CEO, The Bronner Group, LLC Anne Spray Kinney, Research and Consulting Director,
Government Finance Ofﬁcers Association
(CS #4) Electronic Receipts/Payments
Kenyatta A. Chandler, Director, Strategic Market Development, (CS #14) Electronic Payments II
Elavon, Inc., a subsidiary of U.S. Bank Darren Muise, Director, Commercial Partnerships, Public Sector,
Rick Dakin, Co-Founder, President and Senior Security Strategist, Visa
Coalﬁre William Pierson, Vice President, Commercial Card Services, PNC
(CS #5) Working Effectively With Your Legislature Dwight L. Steinly, Jr., Accountant 3, PA
Robert Ortwein, State Relations Ofﬁcer, Ofﬁce of the Auditor
General, MI (CS #15) Financial Management Issues II
Robin L. Kelly, Chief of Staff, Ofﬁce of the State Treasurer, IL Adam Goldberg, Branch Chief, Financial Integrity and Analysis,
U.S. Ofﬁce of Management and Budget
(CS #6) Comprehensive OPEB Strategies: Financial and Chris M. Zitzow, Senior Vice President, MAXIMUS
Girard Miller, Senior Strategist, Public Financial Management (CS #16) Transformation and Reporting Initiatives
Christina Dorfhuber, Principal, National Public Sector Strategy and
(CS #7) Statewide Shared Services: Leveraging Technology and Operations Leader, Deloitte
Best Practices to Deliver Quality Government Services Sharon Minnich, Deputy Secretary for Financial Administration, PA
William Greer, Vice President, State and Local Sales, SAP Edward J. Mazur, Senior Advisor, Cherry, Bekaert & Holland
(CS #8) Using Economic Downturn as a Catalyst for Administra- (CS #17) Challenges of ERP Implementation
tive Transformation Gordon K. Nasta, Managing Director, BearingPoint
Jeffrey S. Rosengard, Senior Vice President, The Hackett Group Paula Searle, Associate Commissioner, U.S. Food and Drug
Mark Howard, Senior Manager, Accenture Administration
William Kilmartin, Senior Executive, Accenture Mitt Salvaggio, President, Salvaggio, Teal & Associates
(CS #9) Investment and Debt Management/Electronic Payments I (CS #18) Facing the Tough Issues
John S. Carter, Director, Global Liquidity and Investments, Citi Gary Lambert, Vice President, Spend Management Solutions
Mel Deane, Director, Product Specialist, Citi Practice, CGI
Jason Tiede, Director, Global Prepaid Services, Citi Edgar (Ed) Ross, Controller, KY
Jean Taplett, Vice President, Public Sector Payment Solutions, Charles “Chick” Steinberg, Senior Vice President, Employee
MasterCard Worldwide Beneﬁt Consulting Practice, AON
Faye Surrette, Public Sector Acceptance, MasterCard Worldwide
(CS #19) Information Security Governance: Managing Risk and
(CS #10) New Frontiers of High-Performance Government Access to States’ Critical Assets
Wayne Bobby, Vice President of Public Sector Industry Solutions, Lynnette A. Richmann, Partner, IT Advisory Practice, KPMG
Oracle Keith Sams, Compliance Specialist, IBM Tivoli Security
Aaron Erickson, Deputy Director, State Accounting, Ofﬁce of John J. Radford, State Controller, OR
Budget and Management, OH
(GS #4) Exercising Ethical Leadership
Marisa Rivera-Albert, President, Mpowerment Works, LLC
NASACT News − August 2008 page 3
NASACT Announces Audio Conference in September
“Implementing GASB No. 49: A Recoveries – Examining how potential recoveries from
insurers or from other responsible parties can reduce the
Cooperative Effort in New York” measurement of remediation obligations.
Join us for this audio conference to hear how one state, New
N ASACT’s next audio conference is scheduled for Wednesday,
September 24. It will address the key implementation issues
of GASB Statement No. 49, Accounting and Financial Reporting
York, has successfully addressed these implementation issues.
Wesley Galloway, GASB project manager, will also discuss the key
for Pollution Remediation Obligations. Issued in November 2006, implementation issues that he is hearing at GASB. You will also be
Statement No. 49 is effective for ﬁnancial statements for periods given an opportunity to ask questions and share experiences during
beginning after December 15, 2007, with measurement of pollution the last 25 minutes of the audio conference.
remediation liabilities required at the beginning of that period so This audio conference is sponsored jointly by NASACT, the
that beginning net assets can be restated. Association of Government Accountants, and the Association of
GASB No. 49 is designed to enhance comparability of ﬁnancial Local Government Auditors.
statements among governments by requiring all governments to
account for pollution remediation obligations in the same manner, General Information
including required reporting of pollution remediation obligations Date: Wednesday, September 24, 2008
that previously may not have been reported. It will also enhance
users’ ability to assess governments’ obligations by requiring more Time: 2:00-3:50 p.m., Eastern time
timely and complete reporting of obligations as their components Speakers:
become reasonably estimable. However, for many ﬁnancial
statement preparers and auditors, this standard is presenting more Suzette Baker, Assistant Director, Ofﬁce of the State
implementation issues than originally anticipated. Comptroller, Bureau of Financial Reporting (NY)
Among the key implementation issues that will be discussed are: Maria Moran, Senior Accountant, Ofﬁce of the State
Comptroller, Bureau of Financial Reporting (NY)
Assessment – Evaluating the impact of the statement on the Tim Reilly, Manager, Ofﬁce of the State Comptroller, Bureau
state’s remediation environment. of Financial Reporting (NY)
Outreach – Identifying potential state reporting entities A representative from KPMG
and increasing awareness of GASB No. 49 requirements Wesley Galloway, Project Manager, Governmental Accounting
and deadlines. Also, identifying state expertise and other Standards Board
CPE: Two credits
Methodology – Determining the acceptable methods to
estimate the liability relative to such factors as population Cost: $249.00 per site (unlimited attendance) if you register on or
size, which can vary greatly among reporting entities; before Friday, September 19, 2008, and $299.00 thereafter.
embedded pollution remediation related costs, which can To register: Visit www.nasact.org/conferences/events.cfm for
be difﬁcult to estimate in relation to total project cost; and, registration information.
limitations of the current accounting system, which require
combining information from multiple systems in order to This audio conference offers something for all government
calculate the outstanding obligation. auditors, ﬁnancial statement preparers, and ﬁnancial managers
Internal control – Determining what internal controls are who want to know more about GASB No. 49. Please share this
needed to ensure that obligating events are identiﬁed. opportunity with others in your government interested in this
Reporting – Determining when remediation outlays may be topic. If you have any questions, please call NASACT at (859)
capitalized instead of being reported as liabilities. 276-1147 or e-mail email@example.com.
Register for NSAA’s IT Workshop & Conference, Hotel Cut-Off Date: September 5!
Where: Reno, Nevada
D on’t miss this year’s NSAA IT Workshop and
Conference. The conference will offer topics such as
data protection practices, virtualization, using Microsoft
October 7-10, 2008
$350 for the conference, $150 for the workshop
SharePoint, future trends in information technology, CPE: 18.5 credits for the conference; 8 credits for the
the latest in wireless technologies, OWASP Top 10 workshop
vulnerabilities, practical applications in forensics for IS Hotel: Eldorado Hotel − $82.99 single/double
auditors, and much more. The topic for the workshop is (cut-off date for this rate is Friday, September 5)
application security. Register: www.nasact.org/conferences/events.cfm
NASACT News − August 2008 page 4
NASACT Business Meeting Highlights to states’ various concerns (see related article on page 8). Anyone
with input on implementation issues should send concerns
By Glenda Johnson, Communications Manager to Cornelia Chebinou, NASACT’s Washington director, at
N ASACT held its yearly business meeting at the recent
annual conference in Chicago, Illinois, on Tuesday, August
12, at 3:45 p.m. President Vern Larson, state treasurer of South
Financial Management and Intergovernmental
Affairs Committee (FMIAC)
Dakota, presided. Highlights from the meeting are detailed below.
Clark Partridge, state comptroller of Arizona and chair of
Complete minutes from the meeting will be made available soon
the FMIAC, reported on the committee’s various initiatives,
at www.nasact.org in the Members Only section.
one of which has been the three percent withholding initiative.
Additionally, FMIAC has been monitoring issues concerning
3% Withholding Update requirements of the Federal Funding Accountability and
Sunita Lough, director of Federal, State and Local Transparency Act of 2006 (FFATA). FFATA requires that states
Governments, Internal Revenue Service, was in attendance at and subrecipients of federal funds provide information on
the meeting to give NASACT members an update on issues contracts and spending. The manner of that reporting was to
surrounding the Tax Increase Prevention and Reconciliation be determined in a pilot that was supposed to begin in June but
Act of 2006, which contains a provision that will require state which has not yet commenced. Subsequently, new legislation
governments and their political subdivisions (with expenditures has been proposed, S. 3077, the Strengthening Transparency and
of more than $100 million) to withhold three percent on most Accountability in Federal Spending Act of 2008, which could
payments for property or services. The law is scheduled to be expand the current legislation even though it has not yet been
effective for expenditures made on or after January 1, 2011. tested because of delays in the pilot. NASACT solicited input
The business community and state and local governments are from members to craft a letter to Congressional leaders asserting
in agreement that implementation of the provision is fraught with that the proposed legislation needs further clariﬁcation and
problems and that repeal is the only sensible solution. Ms. Lough requesting a delay in the implementation of FFATA requirements.
explained, however, that FSLG must proceed with the assumption FMIAC has also provided input to the U.S. Ofﬁce of
that the rule will become effective. She reported that The U.S. Management and Budget on proposed FFATA guidance and an
Department of Treasury hopes to issue proposed regulations by the expansion of the existing policy regarding the use of Dun &
end of October. Right now, it is expected that the regulations will Bradstreet Universal Numbering System (DUNS) numbers for
be very skeletal, since the law does not provide much information federal awards and contracts. NASACT members have conveyed
on which to build the regulations. She said it is expected that there problems related to the DUNS system since its inception in 2003;
will be a 60-day comment period once the regulations are released, a number of concerns were again relayed to OMB.
with the goal of releasing the ﬁnal regulations at least a year in Finally, NASACT provided input to the IRS’s Advisory
advance of the implementation date. It is also likely that a hearing Committee on Tax Exempt and Government Entities regarding
will be held prior to the ﬁnalization of the proposed rules. a current onerous recordkeeping requirement for the treatment
While Treasury participated in a conference call with several of employer-provided cell phones. NASACT is encouraging
states regarding implementation issues just last month, ofﬁcials members to reach out to their Congressional delegations
there are still very interested in hearing from additional states regarding pending legislation (H.R. 5450 and S. 2668) to remove
on issues they may have with implementation of the provision; cell phones from the deﬁnition of listed property.
FSLG wants to develop the regulations with at least some regard
(continued, next page)
NASACT Elects FY 2009 Executive Committee Officers
A t the recent NASACT business meeting, association members
approved a new slate of ofﬁcers for FY 2009. Shown left to right,
William Raftery, former state controller, WI, who administered the oath of
ofﬁce; Thomas McTavish, MI, president; Marty Benison, MA, treasurer;
Nancy Kopp, MD, second vice president; and Glen Gainer, WV, ﬁrst vice
president. Not shown: Barb Hinton, KS, secretary. The next meeting of
NASACT’s Executive Committee will occur in March 2009 in conjunction
with the 2009 NASC Annual Conference in Denver, Colorado.
NASACT News − August 2008 page 5
Business Meeting Highlights (continued from page 5)
Governmental Accounting Standards and will be issuing an association response to the proposed rule
Market Oversight Committee (GASMO) changes. Your comments for inclusion in NASACT’s response
are requested by September 3, 2008.
Mr. Partridge also served as chair of GASMO. He asked
Kinney Poynter, NASACT’s executive director, to provide FAF/GASB Selection Task Force
an update on the committee’s recent activities. Mr. Poynter Mr. Poynter reported that the term of FAF government
reported that an important meeting was held in May between trustee Doug Ellsworth ends in December 2008. NASACT and
representatives of the Financial Accounting Foundation, GFOA are currently working with FAF to determine desired
NASACT, the Government Finance Ofﬁcers Association, the characteristics for a replacement and will begin the search for a
National Governors Association and the National Council of nominee to ﬁll the position. Additionally, he reported that there
State Legislatures. At the meeting, all parties agreed in concept is a current opening on the GASB, as Girard Miller resigned his
to several important items. First, the group agreed that NASACT position to pursue other interests.
and GFOA will give up their rights as “electors” of the FAF
government trustees. NASACT and GFOA, with input from Budget
the Big 7 and other interested parties, will nominate the FAF
government trustees. Authority to elect the trustees will reside Mr. Poynter gave a brief report on NASACT’s ﬁnances.
with the FAF board. Secondly, it was recognized that funding He reported that NASACT expects to be $257,703 over
the GASB is a responsibility of the states, which have ﬁnal budget for FY 2008. This proﬁt is due primarily to successful
authority to set accounting standards for themselves and the dues collections and revenues associated with the 2007 annual
local governments contained therein. Therefore, NGA and conference and the Corporate Associates Program. He cautioned
NCSL must take a lead role to work adequate funding for that FY 2009 will not result in such proﬁts for the association,
GASB into states’ budgets. since the 2008 annual conference is expected to meet but not
Agreement on these important concepts is now moving exceed budgeted revenues as in past years.
forward. It is expected that a memorandum of understanding
will be ﬁnalized soon to replace the 1984 structural agreement
Leadership Conference Task Force
and FAF is working with the government groups on acceptable Ernest Almonte, auditor general of Rhode Island and chair
changes to its bylaws to reﬂect the consensus positions. of the Leadership Conference Task Force, reported that the task
Mr. Poynter also reported that on January 31, 2008, the force has been examining possible formats, timing, costs and
Municipal Securities Rulemaking Board released notice topics for a potential leadership conference in 2009. The task
2008-005, MSRB Begins Planning for Continuing Disclosure force is recommending that the conference be geared towards
Component of the New Electronic Municipal Market Access new and experienced state auditors, state comptrollers and state
System (EMMA). This system will serve as a centralized Internet- treasurers and their deputies. The program will tentatively last
based system for real-time public access to all primary market, two days and will cost approximately $1,500. The tentative
secondary market, and trade price data for municipal securities timeframe for such a conference is April/May 2009.
submitted to the MSRB. On Wednesday, July 30, 2008, the
Securities and Exchange Commission voted to propose changes Time and Place Committee
to Rule 15c2-12 designating the MSRB as the sole repository
for ongoing disclosure information through the EMMA system. Glen Gainer, state auditor of West Virginia and chair of the
The SEC also voted to expose an MSRB notice which would Time and Place Committee, announced that the 2009 NASACT
designate EMMA as a continuing disclosure service. NASACT (continued, next page)
Thomas McTavish Elected President of NASACT
T homas McTavish, auditor general of Michigan (left), began his term
as NASACT’s 99th president on Tuesday, August 12. His ﬁrst ofﬁcial
act was to present a plaque of appreciation to Vern Larson (right) in
recognition of his service to the Association during his year as president.
President McTavish will be working in the coming weeks to ﬁnalize
NASACT’s committees for the upcoming year and to prioritize issues for
NASACT News − August 2008 page 6
NASACT Business Meeting Recap (continued from page 6)
annual conference will be held in Dearborn, Michigan, on contact him.
August 15-19. The 2010 conference will be held in Charleston, NASACT is working to upgrade its Web site. This is a project
West Virginia on August 7-11. Nancy Kopp, state treasurer of that will be ongoing over the next several months.
Maryland, will be NASACT’s president in 2011 and will have the In FY 2008, NASACT welcomed 17 new members: ﬁve state
right of ﬁrst refusal to host the conference. auditors, eight state comptrollers, and three state treasurers.
Finally, Mr. Poynter reported that NASACT has a new Web/IT
Resolutions Committee manager, AJ Puryear. AJ joined NASACT’s staff on April 3, 2008.
Resolutions Committee Chair Thomas McTavish, auditor
general of Michigan, put forth two resolutions for consideration Nominating Committee
by the membership: W. Daniel Ebersole, state treasurer of Georgia and chair of
(1) Thanking and commending Vern Larson for his year serving the Nominating Committee, put forth the following slate of
as NASACT’s president. Executive Committee ofﬁcers for FY 2009 for consideration:
(2) Thanking and commending the host state team for planning President: Thomas H. McTavish, auditor general of Michigan.
an exceptional annual conference in Chicago, Illinois. First Vice President: Glen B. Gainer, III, state auditor of West
A motion was made, seconded and approved unanimously to Virginia.
accept these two resolutions. Second Vice President: Nancy K. Kopp, state treasurer of
Association Report Secretary: Barbara J. Hinton, legislative post auditor of Kansas.
Treasurer: Martin J. Benison, comptroller of Massachusetts.
Mr. Poynter made several notes about internal association
operations. He reported that NASACT has participated in two Mr. Ebersole’s motion was seconded and unanimously
GASB hearings recently: on July 14, David McDermott, state approved. In his ﬁrst ofﬁcial act as president of NASACT, Mr.
controller of Colorado, testiﬁed on behalf of NASACT on Fund McTavish presented a plaque of appreciation to Mr. Larson for
Balance Reporting and Governmental Fund Type Deﬁnitions, his hard work, dedication and perseverance during his year as
and on July 29, Kim Thomspon, from the Washington Ofﬁce NASACT’s president.
of Financial Management, testiﬁed on behalf of NASACT on
Service Efforts and Accomplishments, an Amendment of GASB More Information/Next Meeting
Concepts Statement No. 2.
He reported that 12 states are currently participating in The next NASACT business meeting will be held at the
NASACT’s benchmarking program. NASACT is in the process 2009 annual conference on August 18 in Dearborn, Michigan.
of renegotiating its contract with The Hackett Group for the Complete minutes from this business meeting will be posted soon
program. He encouraged any states interested in participating to in the Members Only section at www.nasact.org.
NSAA to Hold November Business
Meeting in Crystal City, Virginia Committee Information
The following committees are tentatively scheduled to
T he National State Auditors Association will hold a business
meeting on November 20-21, in Crystal City, Virginia, at the
Doubletree Hotel. The business meeting will be held in conjunc-
meet on November 20. Agendas and meeting times will
be provided as they become available.
tion with the National Intergovernmental Audit Forum scheduled Audit Standards and Reporting
for November 19. Auditor Training
NSAA’s committees will meet on Thursday, November 20 E-Government
and will be followed on November 21 by a business meeting, Executive
which is tentatively scheduled to conclude by 1:00 p.m. that day. Human Resources
Hotel reservations may be made by calling the Doubletree Peer Review
at (703) 416-4100 and referencing the National State Auditors Performance Audit
Association. The room rate is $201/single. The cut-off date to
receive this rate is October 20, 2008. For more information contact Sherri Rowland, NSAA
Mark your calendar now for this meeting! Registration and association director, at firstname.lastname@example.org.
committee meeting agendas/information will be available soon
on NASACT’s Web site at www.nasact.org.
NASACT News − August 2008 page 7
News From Washington
Treasury and NASACT Discuss many states still undertake a manual process to conduct back-
up withholding. While Treasury thought that some of the larger
Proposal on Implementing the software providers such as Oracle/Peoplesoft were currently
3% Withholding Requirement considering amendments to their programs to accommodate the
impending implementation, it was apparent that several states
will have issues with system modiﬁcation, as several are still
S everal NASACT members and representatives from the
United States Treasury recently participated in a conference
call to discuss issues surrounding the implementation of Section
operating under out-of-date legacy systems.
Treasury is gathering information on current reporting
processes with the goal of issuing a proposed regulation prior to
511 of the Tax Increase Prevention and Reconciliation Act of
Thanksgiving. A hearing will likely follow the issuance of the
2005, which will require state governments and their political
proposal. (See the article on page 5 for more information on this
subdivisions (with expenditures of more than $100 million) to
withhold three percent on most payments for property or services.
NASACT and other concerned state and local groups continue
The law is scheduled to be effective for expenditures made on or
to seek a repeal of the onerous requirement and will distribute
after January 1, 2011. Treasury is seeking information on current
the proposed implementation guidance for comment as soon as it
state systems and how states undertake 1099 reporting.
Many issues arose during the call including the fact that
Help Repeal TIPRA Section 511!
States recognize that the three percent withholding requirement contained within Section 511 of the Tax Increase Prevention and
Reconciliation Act of 2005 is an onerous, unfunded mandate on states. Write to your state’s Congressional leaders today to urge
repeal of this provision, which will be very difﬁcult, if not impossible for some states to implement. Download a template letter for
this purpose from NASACT’s home page at www.nasact.org (look in the What’s New section).
SEC/MSRB Proposes Rule Change “...requires the broker, dealer, or municipal securities
dealer to reasonably determine that the issuer or obligated
to Designate EMMA as the Sole person has agreed: (1) to provide the information covered
Repository for Ongoing Disclosure by the written agreement to the MSRB, instead of to
multiple NRMSIRs and SIDs, as the rule currently
provides, and (2) to provide such information in an
O n July 30, 2008, the Securities and Exchange Commission
voted to propose changes to Rule 15c2-12 (on disclosure)
designating the Municipal Securities Rulemaking Board (MSRB)
electronic format and accompanied by identifying
information as prescribed by the MSRB.”
as the sole repository for ongoing disclosure information The referenced MSRB notice would establish EMMA as a
through MSRB’s Electronic Municipal Market Access System continuing disclosure service for accepting the submission of
(EMMA). The SEC also voted to expose an MSRB notice which continuing disclosure documents prescribed by SEC’s Rule 15c2-
would designate EMMA as a 12. The documents would have
continuing disclosure service. to be submitted electronically
NASACT and other Provide Your Input through password protected
state and local government Send your comments on the SEC’s proposed changes to accounts in a word-searchable
associations support the Kinney Poynter at email@example.com by Wednesday, PDF format. Electronic
development of a centralized September 3, 2008 submission would be either
system for the electronic through a Web-based interface
collection and availability of or an electronic computer-to-
information on outstanding municipal securities, particularly as computer connection. The issuer, obligated person or designated
a response to SEC Chairman Christopher Cox’s call for the need agent could make the submission.
for increased disclosure in the municipal market. NASACT distributed an e-mail to members on August 4
The proposed amendments to Rule 15c2-12 delete references requesting comment on the proposals. The SEC’s deadline for
to the Nationally Recognized Municipal Securities Information receiving comments is September 22, 2008, and the deadline for
Repositories, or NRMSIRs, and the State Information forwarding comments for inclusion in NASACT’s association
Depositories, or SIDs, and replace those references with the response is September 3, 2008. Questions or comments should
MSRB. In summary, the proposal: be forwarded to Kinney Poynter at firstname.lastname@example.org.
NASACT News − August 2008 page 8
News From Washington / Association Notes
NASACT, Government Groups Urge The letter further states that requiring the reporting of MVL is
inappropriate for governments and is inconsistent with the nature
Academy of Actuaries Not To and purpose of public retirement systems.
Endorse MVL Disclosure Speciﬁcally, the letter points out that MVL disclosure would
be harmful because (1) it could lead to the disclosure of plan
costs and liabilities that do not accurately represent the dynamics
N ine national organizations including NASACT ﬁled a
joint letter and statement with the American Academy of
Actuaries opposing the reporting of public pension plan liabilities
of governmental plans, and are therefore unnecessarily high; (2) it
could lead to the application of investment approaches that would
unnecessarily limit the asset allocation and investment returns
at so-called “market value,” often referred to as market value that can be earned by plans; and (3) it would create confusion
liability, or MVL. among decision-makers, taxpayers, and the media about the
Proponents of ﬁnancial economics theory argue that public funded levels of public pension plans, potentially leading to their
pension plans should operate in a manner similar to private sector disuse or abandonment.
pension plans by calculating and disclosing the “market value” NASACT Executive Committee members W. Daniel Ebersole,
of their liabilities. The joint letter states “serious concerns with state treasurer of Georgia, and Nancy Kopp, state treasurer of
mandating that governmental pension plans report their ﬁnancial Maryland, have both indicated their interest in testifying at an
condition as if they were able to be immediately terminated.” Academy public hearing on the matter in early September.
NASACT Welcomes New Executive Accountants, and the Virginia Government Finance Ofﬁcers’
Association. He serves on the Executive Committee of the
Committee Members National State Auditors Association.
He is the 2005 recipient of AGA’s William R. Snodgrass
T hree new members joined NASACT’s Executive Committee
following the NASACT business meeting on August 12:
Distinguished Leadership Award and the 2007 recipient of the
Outstanding Certiﬁed Public Accountants in State Government
from the American Institute of Certiﬁed Public Accountants.
Martin J. Benison has been comptroller The Virginia Society of Certiﬁed Public Accountants recently
of the commonwealth of Massachusetts recognized his 30 years of service to the society.
since 1999. He is a past president of the A certiﬁed public accountant, Mr. Kucharski holds a bachelor
National Association of State Comptrollers of business administration degree from Ohio University.
and has previously served on NASACT’s
Executive Committee. He is a public D. Clark Partridge has been with the
member of the Professional Ethics state of Arizona for 19 years, serving
Executive Committee of the American as a supervisor and manager in the
Institute of Certiﬁed Public Accounts. General Accounting Ofﬁce, the CFO for
He also serves on Suffolk University’s the Department of Commerce, deputy
Accounting Business Advisory Board, and is the former chair of the state comptroller, and currently as state
Customer Advisory Board for the United State Treasury’s ASAP comptroller.
payment system. He is a certiﬁed government ﬁnancial manager and Mr. Partridge is a member of the
is a member of the Government Finance Ofﬁcers Association and the Government Finance Ofﬁcers Association
Association of Government Accountants. and the Association of Government
Mr. Benison holds a B.A. in economics from Boston Accountants. He is currently serving on several committees
College and a master’s degree in public administration from including serving as secretary/treasurer of the National
Harvard University’s John F. Kennedy School of Government. Association of State Comptrollers. He has been a volunteer with
the March of Dimes for over 30 years, serving on the board in
Walter J. Kucharski has been the both Utah and Arizona. He attended Brigham Young University
auditor of public accounts for the on a leadership scholarship, graduating with a bachelor of science
commonwealth of Virginia since degree in accounting. He is a certiﬁed public accountant and
November 1984. He had been deputy certiﬁed government ﬁnancial manager.
auditor for the previous two years, and
joined the staff at the Auditor of Public Three state treasurers will also be named to NASACT’s
Accounts in January 1977. Executive Committee soon; they will be selected by the National
Mr. Kucharski is a member of Association of State Treasurers. Rolling off the Executive
a variety of ﬁnancial management Committee on August 12 were Paul Carlson, state accounting
organizations, including the National administrator, Nebraska; Bruce Myers, legislative auditor,
State Auditors Association, Association of Government Maryland; and Jan Sylvis, chief of accounts, Tennessee.
NASACT News − August 2008 page 9
News From Around the Nation / Association Notes
McCoy is Named He received his J.D. from the University of North Carolina
School of Law, his M.P.H. from the University of North Carolina
State Comptroller School of Public Health, and his M.Ed. and bachelor of science
in North Carolina degrees from the University of Georgia. He participated in
executive training at Harvard University’s John F. Kennedy
School of Government, The Council of State Government’s Toll
D avid T. McCoy was nominated by
North Carolina Governor Michael
Easley and conﬁrmed by the state’s
Fellows’ Program, and the Center for Creative Leadership.
Mr. McCoy has participated as a member of the National
Association of State Budget Ofﬁcers’ Executive Committee,
general assembly to serve as North North Carolina Federal Tax Reform Allocation Committee, North
Carolina’s next state controller. His Carolina Economic Investment Committee, North Carolina Debt
seven-year appointment is effective September 2. Mr. McCoy Affordability Advisory Committee, North Carolina Council of
replaces Robert Powell, whose term ends Friday, August 29. Internal Auditing, and has served as president of the Southern
Mr. McCoy previously served as director of the Ofﬁce of State Association of Highway and Transportation Ofﬁcials and
Budget and Management and as secretary of the North Carolina on the Board of the American Association of Highway and
Council of State. He also previously served as North Carolina’s Transportation Ofﬁcials.
secretary of transportation. He is admitted to practice in the North Carolina General
Before joining the Department of Transportation, he was Courts of Justice and the United States District Courts for the
Governor James B. Hunt’s deputy chief of staff. Mr. McCoy Eastern and Middle Districts of North Carolina.
also served as the chief deputy secretary of administration and Mr. McCoy was awarded the Order of the Long Leaf
as the department’s general counsel. During his career in state Pine for public service and was selected by the Council of
government, he has worked for three different governors crossing State Governments as a Henry Toll Fellow. He has been
political parties. recognized by the University of North Carolina at Chapel Hill
Before joining state government, Mr. McCoy was on the faculty as a Distinguished Graduate School Alumnus, is a member of
and staff at the University of North Carolina at Chapel Hill. Since UNC’s Order of the Golden Fleece, and was the recipient of the
1985, he has continued to serve as an adjunct assistant professor American Legion’s School Award.
teaching various courses and providing community service.
Griffin Appointed State Accounting as a senior accountant with Deloitte Haskins & Sells.
Jarnice L. Anderson, who has served as interim state
Officer in Georgia accounting ofﬁcer since April 2008, has been named deputy
director of the State Accounting Ofﬁce. Ms. Anderson joined
G reg Grifﬁn has been appointed as Georgia’s state
accounting ofﬁcer effective August 18. Mr. Grifﬁn
enjoyed an almost 25-year career with the AT&T organization
the State Accounting Ofﬁce in the summer of 2007 as director
of ﬁnancial systems. She has extensive experience in ﬁnancial
information systems assessment, business process optimization,
and its BellSouth and Cingular Wireless afﬁliates. During internal control assessment, and information security. She is
his career with AT&T, he held various director positions in a graduate of North Carolina A&T State University, and was
accounting policy and ﬁnancial reporting, beneﬁts ﬁnance most recently with BellSouth Corporation where she served as
and corporate accounting and beneﬁt plan operations. He is a director of IT audit.
graduate of Auburn University and worked earlier in his career
NASACT Welcomes NASACT, AJ worked for Diversiﬁed Recovery of Central Texas,
where he served as operations manager/IT administrator.
AJ Puryear, IT and He has a bachelor of science degree in telecommunications
Web Manager with an emphasis in network management from the University of
As NASACT’s IT/Web manager, AJ is responsible for
N ASACT is pleased to introduce
Adrian (AJ) Puryear, the association’s
IT and Web manager. AJ joined NASACT
overseeing maintenance, repairs and upgrades to NASACT’s
computer network. Additionally, he is responsible for managing
NASACT’s Web site, coordinating technical logistics for audio
on April 3, 2008. and other conferences, and making improvements to NASACT’s
AJ is experienced with a range of programming languages and data management systems. AJ can be reached at NASACT at
software platforms as well as advanced desktop, workstation, (859) 276-1147 or email@example.com.
terminal and server diagnostic and repair. Prior to joining
NASACT News − August 2008 page 10
State Comptrollers Plan New other intangible assets, such as easements and water, mineral and
timber rights will also be addressed. Statement No. 51 is effective
Information Sharing Groups and for ﬁscal year 2010, but beginning balances will be needed at the
Restructure Revenues start of FY 2010 (i.e., July 1, 2009, for most states).
John Reidhead, director of Utah’s Division of Finance and co-
chair of the Committee on Shared Practices (CSP), reported that
By Pat O’Connor, Association Director
the members of the committee are very pleased with the extent
of information sharing that goes on in NASC’s four information
A t their business meeting on August 11, 2008, the members
of the National Association of State Comptrollers heard
reports from the association’s committees, planned some new
sharing groups, the OPEB Implementation Network, the Statement
51 Work Group and the Multi-State Consortium on Internal Control.
technical activities and agreed to increases in the registration While there have been very few submissions to the Comptrollers
fee for NASC’s annual conference and in the annual fee for the Shared Practices Forum on NASACT’s Web site, clearly there
Comptrollers’ Technical Services Program, effective for FY 2010. is much information being shared in other ways. He encouraged
President Kim Garnero, director of Alaska’s Division of submissions of projects, practices, etc., for publication in the
Finance, opened the meeting by introducing the members of the Members Only section of the Web site, noting that the topic for the
Executive Committee and by recognizing several new members last two quarters of 2008 is transparency. (Submissions about any
who were attending their ﬁrst NASACT annual conference as topic related to comptrollers’ operations are always welcome.) The
state comptroller: CSP will also explore the possibility of establishing a transparency
information sharing group, which would have an anticipated life
Steve Censky, state controller, Wisconsin. span of one-to-two years.
Anna Maria Kiehl, chief accounting ofﬁcer, Pennsylvania. In the absence of both co-chairs of the Multi-State Consortium
David McCoy, state controller, North Carolina. (MSC) on Internal Control, Steve Funck, deputy comptroller,
David McDermott, state controller, Colorado. Oklahoma, informed the members that the MSC has published
Kent Olson, director, Division of Accounts and Reports, Kansas. on NASACT’s Web site a ﬁnal version of the Internal Control
Sadie Rodriguez Hawkins, senior assistant director, Ofﬁce of Guidebook as well as a draft of the payables section of the IC
Financial Management, Washington. questionnaire. The group is presently working on the cash and
payroll sections of the questionnaire and will post drafts in the next
Strategic Committees month or so.
Mr. McDermott, chair of the Committee on Accounting and Marty Benison, comptroller, Massachusetts, informed the
Financial Reporting, reported that the members of the CAFR had group about activities of AGA’s Partnership for Intergovernmental
worked on letters of comment about two exposure drafts from the Management and Accountability, of which he is a co-chair. The
Governmental Accounting Standards Board, one on fund balance partnership is working on two projects, improper payments and
reporting and one amending the concepts statement about service cost allocation (Circular A-87). Regarding A-87, there are speciﬁc
effort and accomplishments reporting. He added that sometimes concerns about intangible assets, subrecipient monitoring and
there are questions about the content of NASACT’s letter–whether consistency among the various regions. He added that the National
it should reﬂect a total consensus or whether some issues raised by a Association of State Chief Information Ofﬁcers is very concerned
minority of members should be included. In the case of the response about the ability of states to recover IT costs under A-87.
to the ED about fund balance reporting, a combination approach
Eric Berman, deputy comptroller, Massachusetts, chair of the Kim Wallin, state controller of Nevada and chair of the
OPEB Implementation Network, reported that the group’s quarterly Committee on Outreach, thanked those members who are serving as
conference calls continue to be well attended. There were guest mentors to new members. The committee will work on a reception
speakers at the meetings in April and July, and Karl Johnson and for new members at NASC’s annual conference in Annapolis in
Michelle Czerkawski of the GASB staff are also in attendance to March 2009.
ﬁeld questions from the group. As states complete implementation Calvin McKelvogue, chief operating ofﬁcer of Iowa’s State
of the new OPEB standards in their FY 2008 ﬁnancial statements, Accounting Enterprise, vice president of NASC, and co-chair of
the network will no longer be needed. There has been discussion the Task Force to Examine Revenues, reported that the task force
about establishing a Derivatives Implementation Network to assist had been organized last March in the wake of the association’s
members with implementing GASB Statement No. 53, Accounting approval of a FY 2009 ﬁnancial plan which showed a $52,000
and Financial Reporting for Derivative Instruments. Mr. Berman deﬁcit. The task force looked at NASC’s results of operations
has agreed to chair the new derivatives group. for the past several years. For FY 2008, the projection of
In the absence of Herb Maguire, Pennsylvania, chair of the NASC’s operations shows a deﬁcit of about $8,000, even with an
Statement 51 Work Group, Ms. Garnero reported that the group exceptional amount of revenue coming from the benchmarking
has held two conference calls and that half of the states have project. The task force found that NASC’s main sources of
members participating in the group. Discussion has centered on revenue have not been raised recently. The registration
issues related to identifying and classifying software costs, but (continued, next page)
NASACT News − August 2008 page 11
NSAA Business Meeting Highlights Conference as well as funds to provide full scholarships for new
state auditors to attend the 2009 NSAA Annual Conference.
By Glenda Johnson, Communications Manager In the absence of the Peer Review Committee Chair, Ms.
Rowland reported that the committee recently completed an
T he National State Auditors Association held a business
meeting on Monday, August 11, in Chicago, Illinois.
President Russell Hinton, state auditor of Georgia, presided.
extensive update to the Peer Review Manual. The committee
is now preparing to do further updates and will review changes
to the AICPA’s program to see if further changes to NSAA’s
Highlights from the meeting are detailed below. Complete program are warranted; NSAA has traditionally modeled its
minutes from the meeting will be made available soon at www. program after the AICPA’s.
nasact.org in the Members Only section. Debbie Davenport, auditor general, Arizona, and chair of
the Resolutions Committee, put forth three resolutions for
Committee Reports consideration by the membership:
Randy Roberts, professional practice director, Arizona, and chair Thanking Bruce Myers, legislative auditor of Maryland, for
of the Audit Standards and Reporting Committee, reported that his service during his year as NSAA president.
the committee participated in response letters to several standards Thanking and commending Bruce Myers and his staff for
setters, two from the Governmental Accounting Standards Board an excellent annual conference in Baltimore, Maryland, in
and four from the American Institute of Certiﬁed Public Accountants. June 2008.
The committee expects additional exposure drafts to be coming soon Recognizing Richard Fair, former state auditor of New Jersey,
from GASB and AICPA which will require input from members. for his service to the association and wishing him well in his
In the absence of the chair or vice chair of the Auditor retirement.
Training Committee, Tom Marks, deputy auditor general,
Pennsylvania, reported that the NASACT Training Forum will be These resolutions were unanimously adopted by the association.
held in Pittsburgh, Pennsylvania, on September 8-10. He invited President Hinton reported that the 2009 NSAA Annual
everyone to send appropriate staff from their ofﬁces to attend. Conference will be held in Savannah, Georgia, June 16-19. The
Mr. Marks, chair of the Performance Audit Committee, 2010 conference will be held in Scottsdale, Arizona.
reported that the committee is considering developing a document
that summarizes changes to standards that deal speciﬁcally with Other Business
performance audit. The committee will be meeting by conference
call to discuss this and other initiatives for the coming year. President Hinton reported that NSAA will hold a business
In the absence of the E-Government Committee chair, meeting on November 20-21 in Crystal City, Virginia, in
President Hinton reported that the committee has been conjunction with the National Intergovernmental Audit Forum
busy planning the upcoming NSAA 2008 IT Workshop and meeting. NSAA’s committees will meet on November 20 and
Conference, which will be held in Reno, Nevada, October 7-10. there will be a half-day business meeting on November 21.
He encouraged those present to send their IT staff to this very
worthwhile conference. More Information
Sherri Rowland, NSAA’s association director, reported that Complete minutes from this meeting will be posted to
the Auditor’s Education Foundation Committee is currently NASACT’s Web site in the Members Only section soon.
accepting scholarship applications for the IT workshop and Questions about the NSAA business meeting or the association’s
conference. Additionally, the committee will hold aside funds to activities may be directed to Sherri Rowland, NSAA association
provide several scholarships for the 2009 Middle Management director, at firstname.lastname@example.org.
NASC Business Meeting Recap these two fees; the change will be effective in FY 2010.
(continued from page 11) Donna Jones state controller of Idaho and chair of the Site
Committee, reported that after considering several options for
fee for the annual conference has been $250 since at least 1998, identifying sites for NASC’s annual conferences in 2010 and 2011,
and the fee for the Comptrollers’ Technical Services Program was the committee recommended to the Executive Committee that
last raised in 2002. The task force recommended and NASC’s the person who will be president of NASC in each of those years
Executive Committee approved the following increases: be offered ﬁrst refusal to host the conference in his home state.
An increase of $50 in the registration fee for NASC’s annual The Executive Committee agreed with the recommendation and
conference (from $250 to $300). accordingly invitations to host the conference have been extended to
An increase of $500 in the annual fee for the Comptrollers’ Mr. McKelvogue for 2010 and to Clark Partridge (AZ) for 2011.
Technical Services Program (from $1,500 to $2,000). Questions about any of NASC’s activities or requests to
join NASC’s committees or information sharing groups may be
The members voted unanimously to adopt the increases in addressed to Pat O’Connor at email@example.com.
NASACT News − August 2008 page 12
Calendar of Events Register for these events at www.nasact.org.
September 8-10 NASACT Training Forum, Pittsburgh, PA
September 24 Audio Conference: “Implementing GASB No. 49:
A Cooperative Effort in New York”
October 7-10 NSAA IT Workshop and Conference, Reno, NV
November 20-21 NSAA Business Meeting, Crystal City, VA R. Kinney Poynter
March 25-27 NASC Annual Conference, Annapolis, MD
Washington Ofﬁce Director
April 20-22 NSAA/NASC Joint Middle Management Conference, Nashville, TN
June 16-19 NSAA Annual Conference, Savannah, GA Glenda Johnson
August 15-19 NASACT Annual Conference, Dearborn, MI Communications Manager
September 29-October 2 NSAA IT Workshop and Conference, Harrisburg, PA
National Association of State
449 Lewis Hargett Circle, Suite 290
NASACT 2008 Annual Conference a Huge Lexington, KY 40503-3590
P (859) 276-1147, F (859) 278-0507
Success! By Donna Maloy, Conference Manager
444 N. Capitol Street, NW, Suite 234
T he success of this year’s annual conference would not have been possible without
the capable leadership of the host state volunteers. Illinois’ Auditor General
William G. Holland, State Treasurer Alexi Giannoulias, and State Comptroller Daniel
Washington, DC 20001
P (202) 624-5451, F (202) 624-5473
W. Hynes, and their staffs, worked very hard for months to plan and prepare for this
conference. Special thanks go to Carol Clarke, Cynthia Dewitt and Joe Enright, host www.nasact.org
coordinators of the conference. Their professionalism and amazing organizational skills
were evident in every aspect of this conference.
We would also be remiss if we didn’t recognize NASACT’s FY 2009 Corporate NASACT Officers
Associates. Their ﬁnancial support and technical expertise were invaluable.
Mark your calendars for the NASACT 2009 Annual Conference, scheduled for Thomas H. McTavish
August 15-19, 2009. The conference will take place at the elegant Ritz-Carlton Hotel President
Auditor General, Michigan
located in Dearborn, Michigan – just 13 miles from Detroit Metropolitan Wayne
County Airport. The conference will feature a full roster of technical sessions and Glen B. Gainer, III
provide a sampling of the diversity and excitement of Dearborn and Detroit. First Vice President
Thanks again to all the Chicago conference volunteers, and we’ll see everyone next State Auditor, West Virginia
year in Dearborn!
Nancy K. Kopp
Second Vice President
State Treasurer, Maryland
NASACT thanks its Silver Bronze (continued)
FY 2009 Corporate Accenture Coalﬁre
Barbara J. Hinton
Associates for their Bronner Group Electronic Knowledge
Deloitte Interchange (EKI) Secretary
support, at the confer- Legislative Post Auditor, Kansas
Grant Thornton LLP Ernst & Young LLP
ence and throughout The Hackett Group MAXIMUS
the year. IBM NACHA Martin J. Benison
KPMG LLP PNC Bank Treasurer
Platinum Master Card Salvaggio, Teal and Comptroller, Massachusetts
CGI US Bank Associates
Oracle VISA Standard & Poor’s
The next issue of NASACT News
Gold Bronze will be published in September 2008.
BearingPoint AON To submit articles, photos or ideas,
SAP Bank of America contact Glenda Johnson by September
Citi Bank of New York Mellon 12 at firstname.lastname@example.org or
Cherry, Bekaert & Holland phone at (859) 276-1147.
NASACT News − August 2008 page 13
NASACT Annual Conference Recap
Carol Clarke, Belinda Alvarez, Leslie Riegel Cully, and Lisa Joe Enright, from the Illinois Ofﬁce of the State Comptroller
Leonard, all from the Illinois’ Ofﬁce of the Auditor General, (center, with the bullhorn) provides instructions to 5K fun run/
sport the easy-to-spot turquiose volunteer shirts. walk participants on Sunday morning.
Conference attendees enjoy the view at the Sunday night Jim Schlouch (Illinois), Tom Barnickel, (Maryland), and Margarita
reception on the 95th ﬂoor of the John Hancock Center in the Fernandez (California), catch up at the Sunday night President’s
Signature Room. Reception at the John Hancock Center.
The Chicago Police Department’s Emerald Society served as Conference host William G. Holland (far right) introduced
the Color Guard during the opening ceremonies of the annual dancers from the Trinity Academy of Irish Dance during the
conference. opening ceremonies.
NASACT News − August 2008 page 14
NASACT Annual Conference Recap
President Vern Larson (left) awarded a President’s Award to Mike Fitzgerald, state auditor of Iowa (left), holds a plaque
William G. Holland during the Monday conference luncheon. recognizing him as a 2008 President’s Award recipient.
Bruce Myers, legislative auditor of Maryland (left), receives a President Larson also recognized Clark Partridge, state
plaque recognizing him as a 2008 President’s Award recipient. comptroller of Arizona (right), with a President’s Award.
President Larson presented Pat O’Connor, association director, Donna Maloy, NASACT’s conference manager, received a
with a pewter platter from the association, recognizing her 18-year plaque during the Monday luncheon recognizing 2008 as her
career with NASACT and her upcoming retirement next spring. 20th year of service with the association.
NASACT News − August 2008 page 15
NASACT Annual Conference Recap
Left to right: Host state principals William G. Holland, Daniel Ed Ross, controller of Kentucky, participated as a concurrent
Hynes and Alexi Giannoulias spoke during a general session session speaker.
about “The Future of Government Leaders.”
Sadie Rodriguez Hawkins (Washington) introduced Marisa Rivera- Left to right: April Gunn (Virginia), Suzy Whittenton (Texas),
Albert (right), the closing general session speaker of the conference. and Joe Enright (Illinois) share information about their states’
transparency initiatives during a concurrent session.
Robert Ortwein (Michigan) and Robin Kelly (Illinois) were intro- Left to right: Sherri Rowland (NASACT), Randy Roberts (Arizona),
duced by Tom McTavish (Michigan), NASACT’s incoming president, Robert Attmore (GASB) and David Bean (GASB) in a meeting of
during a concurrent session about dealing with state legislatures. the Committee on Accounting, Reporting and Auditing.
NASACT News − August 2008 page 16
NASACT Annual Conference Recap
Conference attendees get into the spirit of the State Night Thomas McTavish (at podium) drew names for prizes to
activities on Tuesday, which featured a “Blues Brothers” theme. promote the 2009 annual conference in Dearborn, Michigan.
Stephanie Roach, host state coordinator of the 2009 NASACT Brenda Vincent (Michigan) is presented with a medal for taking
annual conference, and Suzanne Kinney, both from Michigan. second place in the 5K women’s running category.
William G. Holland presented an award to Kim Wallin, state Left to right: The second place golf team, John Kunzeman
controller of Nevada, for her second place showing in the 5K (Illinois), Karen Hoppe (Nevada), Kim Wallin (Nevada), and
women’s walking category. Terry Hanson (Ernst & Young) (Joe Enright, Illinois, at podium).
NASACT News − August 2008 page 17
NASACT Annual Conference Recap
Golfers cheer on their teammate during the annual golf Left to right: Winners of the ﬁrst place golf team, Robert
scramble on Saturday. Ortwein (Michigan), Scott Strong (Michigan), John Carter
(Citi) and Tyler Covey (MGT Americas).
William G. Holland awards a medal to Bill Heavner William G. Holland awards Stephanie Roach (Michigan) a
(Pennsylvania), the ﬁrst-place winner in the 5K male walker medal for coming in third in the 5K female runner category.
Female Walkers Male Walkers
5K Fun Run/Walk Winners 1st − Barb Hinton 1st − Bill Heavner
2nd − Kim Wallin 2nd − Jim Schlouch
3rd − Karen Hoppe 3rd − Ken Welch
Female Runners Male Runners
1st − Lauren Russell 1st − Bill Cole
2nd − Brenda Vincent 2nd − Ray Hunthausen
3rd − Stephanie Roach 3rd − Kinney Poynter
Golf Tournament Winners 1st Place − Robert Ortwein, Tyler Covey, John Carter and Scott Strong
2nd Place − Kim Wallin, Karen Hoppe, Terry Hanson, John Kunzeman
3rd Place − Ken Baumann, Frank Bilecki, Joe Butcher and Joe Enright
NASACT News − August 2008 page 18