The Philadelphia Penn
Association of Government Accountants – Philadelphia Chapter
Volume 32, Issue 8 February 2005
February 16th Luncheon
Meeting AGA AWARDS
For the latest AGA awards information go to
This month’s Philadelphia AGA Chapter meeting National AGA web page, by accessing our
will be held on February 16th at Maggiano’s Little Chapter’s web page at www.agaphil.com.
Italy, 1201 Filbert St. Maggiano’s is located
directly across the street from the famous Reading
Terminal Market. The exquisite family style IMPORTANT NEWSLETTER NEWS
luncheon at this famous landmark is a bargain at Because just about everyone is now connected to
$10 for members. the world wide web, we are posting the monthly
chapter newsletters to our web site
Rich Furlong of the Internal Revenue Service will www.agaphil.com. We will also email a copy of
discuss current tax issues. the newsletter to those individuals that provide
their email addresses. If you want to have your
Make your reservations at www.agaphil.com prior copy of the newsletter e-mailed to you, send your
to noon the Friday before the meeting to be e-mail address to firstname.lastname@example.org.
included in the chapter’s reservation.
ANNUAL PROFESSIONAL DEVELOPMENT FREE CPE FOR MEMBERS
On March 2nd, the Chapter will be hosting an
The chapter’s Professional Development
audio conference. See page 8 for details.
Conference will be held on May 13, 2005.
Additional details will be provided at a later date.
SCHOLARSHIP APPLICATION DEADLINE
INSIDE THIS ISSUE NEARS
1 Chapter PDC Each year the Philadelphia Chapter awards one
$1,000 scholarship to a high school/college student
2 CGFM, National & Local AGA News
who is sponsored by a Philadelphia Chapter
3 Notice of Luncheon member "in good standing."
4 Chapter Activities
Visit the Chapter’s web site at www.agaphil.com
6 Chapter Officers to see the candidate’s application and submission
7 National Leadership Conference
All materials must be received by April 30, 2005.
7 Free CPE
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LUNCHEON MEETING PLACE CGFM NEWS
The monthly luncheon meetings this year will be
held at Maggiano’s Little Italy, 1201 Filbert CGFMs Get Leg Up On CIA Exam
Street. Maggiano’s is located directly across the
street from the Reading Terminal Market. The Institute of Internal Auditors' (IIA) Board of
Reservations must be made by noon the Friday Regents has recognized AGA's CGFM
prior to the meeting. Make your reservations at certification. Effective immediately, currently
www.agaphil.com prior to noon the Friday before registered and new CIA candidates who have
the meeting. Cost is $10 for members and $15 for successfully completed the requirements for the
nonmembers. CGFM designation are eligible to receive
Professional Recognition Credit for CIA exam
Part IV. If you hold the CGFM designation, and
WELCOME ABOARD are thinking of taking the CIA exam, one part of
Danielle Brown-Buzan has volunteered to be the the four-part exam is completed.
Chapter Recognition Officer. As part of her
duties she will be reporting chapter activities to
the National Office. NATIONAL AGA NEWS
For the latest National AGA News visit our web
AGA PHILADELPHIA CHAPTER site at www.agaphil.com and link into the AGA
COMMITTEE MEMBERS NEEDED National homepage.
The Philadelphia Chapter still has Directors’
positions available for the Membership and
Programs/Technical Meeting Committees. If you
are interested in filling one of the vacant positions,
contact Vince Gallo at (215) 814-5773 or at
FREE CPE FOR CHAPTER MEMBERS
On March 2nd, the Chapter will be hosting an
audio conference, worth 2 CPE hours, called,
“Key Reasons Why the Breakdown of Internal
Controls Contribute to Fraud.” The time is set for
2:00–3:50 P.M. The audio conference will be
held in room 415 at the Public Ledger Building,
150 S. Independence Mall West, Philadelphia,
PA. See Page 8 for additional details.
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NOTICE OF LUNCHEON
UPDATED SCHEDULE OF NEXT LUNCHEON MEETING
LOCATION: Maggiano’s Little Italy DATE: February 16, 2005
1201 Filbert Street COST: $15 non-Members
Philadelphia, PA 19107 $10 AGA Members
Maggiano’s is located across from the Reading Terminal Market.
TIME: Executive Committee Meeting begins at 11:15 A.M.
Pre-meeting refreshments are served at 11:50 A.M.
Lunch begins at 12 Noon
RESERVATIONS: Please make reservations at our web site, www.agaphil.com , by Friday, February 11,
2005, noon, to be included in our reservation with the restaurant. Please Call Dennis Zawacki at 215-861-
8576 for late reservations or to cancel reservations. Please leave your name, agency, and daytime telephone
number. If you need to cancel your luncheon reservation please call Dennis, this will help ensure that the
appropriate amount of food is prepared for those who do attend. Thank you for your cooperation.
SPEAKER: Rich Furlong, Internal Revenue Service
TOPIC: Current Tax Issues.
CPE: The training will qualify for one hour of continuing education credit.
State Sponsor Numbers
Pennsylvania State Board of Accountancy Sponsor Number - PX-000052-L
New Jersey State Board of Accountancy Sponsor Number - CE-00547
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The executive committee met on January 5th and January 19th to plan for the upcoming Professional
Development Conference on May 13th. Topics discussed were potential guest speakers, presentation topics,
social activities, and other professional activities for next year were discussed. At the January 5th meeting
the committee voted to make a contribution of $100.00 to the American Red Cross to help finance the
Tsunami relief efforts.
Dennis T. Zawacki, Treasurer, reports the chapter finances for the current fiscal year from May 1, 2004 to
December 31, 2005.
As of December 31, 2005
Cash in Bank $13,156.61
Total Other Assets 1,000.00
Total Assets $14,1566.61
Income & Expenses
Current Period – May 1, 2004 December 31, 2005
Net Income $ 294.73
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DECEMBER’S TAX SEMINAR
December’s Tax Seminar, Internal Revenue Service instructors Richard Furlong, Jr., Richard Costow and
William Lee addressed Internal Revenue Service’s current hot topics. Emphasized were the Electronic
Federal Tax Payment System, Power of Attorney, Car Donations (big change here so check the new
regulations), Enforcement Actions, and more. Joan Trump then followed-up with an overview of the 1040
process and upcoming changes for 2005. Almost all of the 40 attendees were Certified Public Accountants
and the presenters received high marks on their evaluations.
Office Officer Phone Number
President Bob Peterson, DCAA 215-861-4505 x 2027
1 Vice President Paul C. Teti, HHS 215-861-4505 x 2027
2nd Vice President Vacant
Treasurer Dennis T. Zawacki, U.S. Attorney 215-861-8576
Past President Paul Sager*, City of Philadelphia 215-686-3497
Committee Director Phone Number
Bylaws and Procedures Paul C. Teti, HHS 215-861-4505 x 2027
Web Master Bob Peterson, DCAA 215-597-7457
Public Service Vacant
Education Vince Gallo*, EPA 215-814-5773
Professional Certification John Carlucci*, HHS 215-861-4496
Newsletter Editor Robert Coyle*, DOL 215-446-3720
Awards Lisa Ferraro, HHS 215-861-4501 x 2006
Recognition Danielle Brown-Buzan, DOL 215-446-3705
Historian Charles Hoeger, DoD (Ret) 215-322-7190
UPCOMING FEDERAL HOLIDAYS
Washington’s Birthday, February 21, 2005
Memorial Day, May 30, 2005
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AGA's National Leadership Conference
If you have not yet registered for the 2005 National leadership conference, this is your opportunity. The
conference will be held on February 7th and 8th.
With 14 CPE Hours and an Outstanding Technical Program—This Year's Program is Not to be Missed!
With the federal government’s emphasis on linking budgets to agencies’ performance, financial managers
are providing timely information that can result in better management and evaluation of federal programs.
Conforming with the new requirements of the President’s Management Agenda, working within strict
budget constraints and adapting to a constantly new changing environment are mighty tasks for federal
State and local governments face similar challenges—performance reporting is coming to the fore in these
arenas, and as always, officials are seeking ways to stretch their dollars farther than ever before.
There is no better place to get the knowledge you need than at AGA’s 2005 National Leadership
Conference. This year’s sessions include:
Will There Be Joy in Mudville? D.C.'s CFO Office Will Make the Call—Deputy CFO N. Anthony
Calhoun, CGFM, discusses financial implications of bringing baseball to D.C.
The Evolving Role of the CFO: What Will the Future Hold?
Homeland Security: The Challenges of Keeping Our Cities Safe and Managing How to Pay for It
The Presidential Election & Its Impact on Managing Government Operations
Identity Fraud, A National Nemesis (Status & Outlook for Prevention)
And many more!
The NLC is an extraordinary educational and networking event designed for government financial managers
by government financial managers. You will come away with a better understanding of how you can work
more efficiently and to better serve your agency and government.
Visit the National Office’s web site www.agacgfm.org for additional details.
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Need Free CPE? Join Us for the Chapter's March 2 Audio
Conference on Fraud
Looking for a convenient way to earn CPE hours? Here's a convenient, inexpensive educational
opportunity—AGA, in conjunction with NASACT and the National Association of Local Government
Auditors, is producing an audio conference, worth 2 CPE hours, called, “Key Reasons Why the Breakdown
of Internal Controls Contribute to Fraud,” set for 2–3:50 p.m. EST March 2. This audio conference will
describe how specific “soft control” failures contribute to internal controls not working as intended. It will
also focus on how “strong controls” can sometimes leave the door open to fraudulent activities. Included
will be specific case examples and suggestions that all accountability professionals can use to reduce future
frauds. John Hall, a private consultant and nationally known speaker, and David Hancox, CGFM, a state
audit director and nationally known speaker and author, will join forces to describe their experiences in
examining and lecturing on internal controls and fraud for many years.
The training is free for members and $20 for nonmembers. We are limited by space so the first 40 people
that sign-up at www.agaphil.com will get seating. The training will be held in room 415 at the Public
Ledger Building, 150 S. Independence Mall West, Philadelphia, PA. It is at 6th and Chestnut Streets,
directly across the street from Independence Hall. This is the same location that the December Tax Seminar
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