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									                                                Maryland Government Finance Officers Association

           Summer 2009

Inside this issue:

News Briefs                   2
Dates to Remember

Report of the                 3     Letter from the President
                                                   Spring is in                 and        networking                      addition, I would like to
SPOTLIGHT                     4                    the air and                  opportunities           the                thank our sponsors for their
Speaker Bios                  5&6
                                                   those warm,                  conference offers. Look in                 in-kind assistance and
                                                   relaxing days                this newsletter for the                    financial support, which
Session Descriptions          7     of summer will soon                         conference agenda and                      help to keep our continuing
Sponsors                      8     follow.     We are looking                  registration information.                  education conferences,
Conference Agenda             9     forward to our summer                       This is my last newsletter                 training courses, and
                                    conference with great                       message for the fiscal year.               membership dues very
Registration Form             10    anticipation. I am happy to                                                            inexpensive and affordable.
                                                                                My term as president has
Hotel Information             11    announce that the Board                     been both challenging and                  I hope to see you all at the
Pre-Conference                12    voted to offer a $50                        rewarding. I am fortunate                  summer conference in June
Activities                          discount off the member                     to be surrounded by a team                 where we can increase our
                                    and       non-member                        of remarkable individuals
                                    registration fees this year to                                                         professional     knowledge,
Board of Directors                                                              who devote their time and                  share our ideas, and enjoy
                                    make the conference more                    efforts to ensure that you
Officers                            affordable in these difficult                                                          the sights and sounds of the
                                                                                receive the highest quality
Mary Allen, President               economic times.            As                                                          beautiful    Ocean     City,
                                                                                services and finest benefits
Jennifer Barrett, President-Elect   additional savings, our                     from your membership in                    Maryland beaches.
Joe Zimmerman, Treasurer            facilities manager informs
Patrick Fannon, Secretary
                                                                                this association. In this
                                    us that the Clarion will not                regard, I would like to
                                    only hold the line on the                   expr ess m y utmost
Directors                           room rates this year, it will               appreciation to the board
Sharon Greisz                       offer sl ight l y l ower                    members, officers, affinity
Martin G. Jacobs                    weekday room rates than                     group volunteers, our
Jag Khuman                          last year.          So, the                 management company, and
Ted Zaleski, III                    conference will cost you
                                                                                especially the conference
Patricia Barney                     less this year than it has                  program co-chairs for their
Terry L. Shannon                    cost for a number of years.                 hard work and dedication to
Harold L. Higgins                                                                                                        The Baltimore Checkerspot Butterfly (Euphydryas
                                    This is a terrific bargain for              our organization.        In              phaeton) has been the official arthropodic emblem of the
Richard J. Duthoy                   the continuing education                                                             State since 1973
Timothy E. Elliott
Jeannine Ravenscraft
Kathryn L. Hewitt
                                     MDGFOA News
Ed Bianchi                            We hope you will be able to join us       discounted by $50. The Board of           Drawings will again be held at the
Christina Osborne                     for the Pre-Conference events on          Directors has authorized this discount    conference at various times. The
                                      June 3 and the Summer Conference          in order to make the conference more      Board has also tried to get the best
William Early, Jr.
                                      to be held on June 4 & 5 at the           affordable for our members during         possible room rates for the conference.
Charles Curtis, Jr.
                                      Clarion, Ocean City. Pre-Conference       these challenging budget times. Your
Michael Broache                                                                                                           The conference should prove to be
                                      activities will include the fishing and   association has healthy reserves and
                                                                                                                          educational, informative, and provide
Executive Staff                       golf tournaments.                         excellent sponsors that make this
                                                                                                                          one of the best settings in Maryland.
Program Co-Chairpersons               The summer registration fees will be
                                                                                                                                    See you in Ocean City!
Jason Zimmerman
Leah Metzger
 Journal                                                                                                                                            P age 2
                                                                                                           News from GFOA
  GASB Clarifies How to Report the Cost of
  Termination Benefits – Statement No. 47.                                Use of Cash Flow Forecasts in Operations

                                                  Background: Cash flow forecasting is an estimate of cash receipts and cash disbursements during a
 A well used device as government’s attempt       given period. When used as a cash management guide, it can lead to the optimization of funds as well as
 to close budget gaps is the offering of early    insure sufficient liquidity. Cash flow forecasting can determine what dollar amount of the portfolio
 retirement incentives.     Early retirement      needs to remain liquid to meet disbursement obligations, generally within a six-month period. Also, it
                                                  can identify core funds, or those funds available for longer-term investing. For instance, cash flow
 incentives are attempts to encourage             forecasts can help identify reasonable maximum and weighted average maturities of investments. Cash
 employees to retire or end employment            flow forecasting is distinct from governmental accounting and budgeting. It is a forecast to measure the
 earlier than they otherwise would have. In       organization’s ability to meet liquidity needs. The ultimate goal of this forecast is to mitigate the need
 theory, the government is able to reduce the     for short-term borrowing or liquidation of securities before maturity. Forecasting should be done
                                                  organization-wide. This allows spending patterns to be coordinated to mitigate potential shortfalls and
 size of its workforce, and thereby cut           balance the flow of funds.
 spending, in return for a cash payment,
 increase in retirement benefits, or other        Recommendation. The Government Finance Officers Association recommends that state and local
 enticement.                                      governments take into account the following considerations when undertaking cash flow forecasting:

 Such incentives are one type of termination           1.    All operating departments should be involved in developing reasonable expectations of
                                                                  planned expenditures.
 benefit. Termination benefits may also be
 given to employees when a government                  2.    The organization’s goals should drive the prioritization of expenditures.
 reduces its workforce through lay-offs (for           3.    Historical data should be used to measure activity of a cyclical nature, both for receipts and
 example, severance pay or continued access                       disbursements.
 to health insurance coverage), and some are           4.    A forecast for receipts should include expected inflows and investment maturities.
 given in the normal course of business when           5.    A forecast for disbursements should include regular expenditures such as payroll and
 an employee decides to end employment.                           recognize non-repetitive expenditures.
                                                       6.    Cash flow forecasts should be used to recognize the items and controls that influence the
 Until recently, determining the cost of                          organization’s cash position.
 termination benefits has been challenging in          7.    Forecasts should be made conservatively.
 the absence of clear guidance on how to do            8.    Forecasts should be updated on a regular basis.
 so. However, with the issuance of its
 Statement 47, the Governmental Accounting        For more information on the use of cash flow forecasts see the web site.
 Standards Board (GASB) has established
 standards that specify how the various kinds
 of termination benefits should be accounted
 for and reported in audited annual financial
                                                                                 Dates to Remember

 GASB Statement No. 47, Accounting for                               October 30, 2009                   Fall Conference
 Termination Benefits, essentially answers                                                              Turf Valley Resort, Ellicott City
 two questions – how should governments
 measure the costs and liabilities related to
 termination benefits, and when should they                          January 29, 2010                   Winter Conference
 be recorded? The answers depend of the type                                                            BWI Marriott, Baltimore
 of benefits offered and whether employees
 leave voluntarily or involuntarily.                                 April 16, 2010                     Spring Conference
 For more on Statement No. 47 see the web site.
                                                                     June 16, 2010                      Summer Pre-Conference
                                                                                                        Clarion Hotel, Ocean City

If your organization has an employment posting…                      June 17 & 18, 2010                 Summer Conference
Don’t forget to contact the MDGFOA Headquarters                                                         Clarion Hotel, Ocean City
          to have it placed on our website.
               MDGFOA Job Posting
                                                                                                         P age 3
                                  2009 Business Meeting

                            Report of the Nominating Committee

As authorized by the Constitution and Bylaws, the president appointed the Nominating Committee, comprised
of Sharon Griesz, Ted Zaleski and Kathryn Hewitt

Two positions are automatic according to the Constitution and Bylaws.

               President             Jennifer E. Barrett
               Past President        Mary P. Allen

The Committee nominated the following candidates for officers of the association.

               President-elect       Joseph Zimmerman
               Treasurer             Patrick Fannon
               Secretary             Patricia Barney

In addition, the committee nominated 5 candidates as directors of the Association for the three-year terms
expiring June 2012.

               State                 Janet Irvin
               Public Education      Jeannine Ravenscraft
               Eastern Region        Michael Spears
               Western Region        Richard Duthoy
               Associate             Christina Osborne

Under the terms of Article VII, Section 2, of the Constitution and Bylaws, the Nominating Committee shall
notify the membership of their nominations no less than 10 nor more than 60 days prior to the Annual
Business Meeting. Other nominations may be made from the floor at the Annual Business Meeting in
accordance with the provisions of Article VII, Section 2, of the Constitution and Bylaws.
Journal                                                                                                    P age 4

                          "What is Possible…Going for the Gold".
                                     Theresa Andrews

                     Theresa Andrews, Olympic Gold Medalist in LA and Consumer Market Executive Global
                     Consumer & Small Business at Bank of America, says the success she has achieved in the
                     Olympics and at Bank of America share a common theme. “Whether it is achieving an
                     Olympic Games gold medal or another measure of success, it is not about winning, but
                     staying focused on the process. If you break the goal down into parts, the ultimate goal will
                     be achieved.”

                     Theresa Andrews is a consumer market executive in Global Consumer & Small Business
                     Banking at Bank of America, and a 1984 Olympic double gold medalist.

                     In her current banking role, Andrews is responsible for overseeing sales, service and
                     operations for multiple banking centers in Pennsylvania and Delaware. She has worked for
Bank of America, starting with predecessor company MBNA, since 1999.

As an elite athlete, Andrews was a three-time NCAA champion and 18-time all-American swimmer at the
University of Florida, where she helped the school win its first NCAA women’s swimming and diving national
championship in 1982. She also captured back-to-back Southeastern Conference titles in the 50-yard and 100-yard
backstroke, and was part of four conference title-winning relay teams in 1982 and 1983. As a member of the
Indiana University Bloomington squad during the 1980-81 season, Andrews won six Big Ten titles and participated
in six events at the 1981 Association of Intercollegiate Athletics for Women championships. Andrews went on to
earn gold medals in the 100-meter backstroke and as part of the 400-meter medley relay team at the 1984 Olympic
Games in Los Angeles.

Recently, Andrews was awarded the 2008 National Collegiate Athletic Association (NCAA) Silver Anniversary
Award. The award recognizes former student-athletes who completed successful collegiate careers in various sports
and have excelled in their chosen professions. The Silver Anniversary Award acknowledges the former student-
athletes on their 25th anniversary of completing their athletic eligibility. Recipients were chosen by the NCAA
Honors Committee, which is composed of athletic administrators and nationally distinguished citizens who also
were former student-athletes.

                    Thursday, June 4, 2009
                              9:30 a.m.
                                                                                                                                                 P age 5
                                                SUMMER CONERENCE SPEAKER BIOS

James Krieser, CFSA, CISA, SAS 70 Specialist, Senior Information Systems Audit Manager
Jim is a Certified Financial Services Auditor and Certified Information Systems Auditor with over 13 years experience in the areas of information technology
audit, business process and controls, third party reporting, and risk advisory services. Jim’s experience also includes ten years experience with a Big 4 firm,
over two years experience with Citibank and AMP, Inc. in the Business Systems Review groups. Jim helps lead our Commercial IT Assurance group, and has
significant information system auditing experience, and has led and managed over 40 SAS 70 examinations, several focused on state agencies – including
pension boards, and was the Third-Party Reporting (SAS 70) Service Leader for the Mid-Atlantic region of a Big 4 firm for over three years. He was also the
senior manager in charge of various process and internal controls evaluations for the Commonwealth of Pennsylvania (including SAP, Lottery,
MMIS/Promise, UC, etc.), audit related activities for the General Assembly of Pennsylvania, and has worked leading various IT engagements and projects
with the Pennsylvania Employees Benefit Trust Fund, Pennsylvania Municipal Retirement System, and the Public School Employees Retirement System. Jim
has led various training seminars for the National Association of State Auditors Comptrollers and Treasurers and the Pennsylvania State Association of
County Controllers in the areas of Enterprise Resource Planning (ERP) system implementation processes and impacts and privacy considerations such as

Ted Zaleski, Director of Management and Budget for Carroll County
Ted has worked for the Carroll County for fifteen years, currently as the Director of Management and Budget where he is responsible for budget, grants, and
risk management functions. Ted obtained his undergraduate degree from Towson University and his masters degree from Western Maryland College, now
McDaniel College. Ted served for six years on the Government Finance Officer’s Association (GFOA) Budget and Fiscal Policy Committee and is currently
on the Board of Directors Maryland Government Finance Officers Association. He has presented at the National GFOA and Maryland GFOA conferences.

Joseph Mason, Vice President Davenport and Company LLC
Joseph Mason joined Davenport after working as a Senior Director and Credit Analyst for Fitch Ratings in the Mid-Atlantic Region. He covered issuers in
Virginia, Maryland, District of Columbia, Delaware, Kentucky and Pennsylvania. Prior to joining Fitch Ratings, Mr. Mason was a senior bond analyst for the
State of Illinois, Bureau of the Budget, where he was responsible for debt issuance and administration.

William L. Henn, Jr. , Partner, McKennon Shelton & Henn LLP
William represents a number of Maryland political subdivisions in connection with the financing of their capital programs. Mr. Henn is a frequent speaker on
tax-exempt finance matters before the National Association of Bond Lawyers and other groups, and is a member of the Committee on Tax-Exempt Financing
of the Section of Taxation of the American Bar Association. He is a member of the American College of Bond Counsel and is listed in Maryland Super
Lawyers 2009. In addition to his undergraduate and law school education, Mr. Henn has also studied at the Public Policy Analysis Program at the University
of Pennsylvania.

Kimberly C. Betterton, Partner, McKennon Shelton & Henn LLP
Kimberly has practiced in the municipal finance area for over thirteen years, focusing on federal tax laws and regulations pertaining to tax-exempt bonds.
Ms. Betterton is a frequent speaker at professional and educational seminars. She currently acts as First Vice-Chairperson for the 2009 Bond Attorney’s
Workshop held in association with National Association of Bond Lawyers (NABL) and was the 2008 Editor-in-Chief of Federal Taxation of Municipal
Bonds. Ms. Betterton has chaired panels on both Tax Due Diligence and Hedging Transactions for the Bond Attorneys’ Workshop and lectured on Post-
Issuance Tax Compliance at the 2007 Summer Conference of the Maryland Government Finance Officers Association.

Catrese Brown, Consultant with Transition Guides
Catrese has been a consultant with TransitionGuides since 2002. She leads executive transition and search projects, provides related
organizational planning and post-hire services, and presents and facilitates workshops nationally on Executive Transition Management and
Succession Planning. With over 20 years experience in nonprofit organizations, Catrese’s diverse experience includes organization
development consulting, including board development, serving as an interim executive director, education and training, facilitating strategic
planning processes, and managing leadership transitions.
 Catrese’s current volunteer activities include membership on the Development Advisory Board for the Sisters of St. Joseph of Philadelphia
(2000-2006), Chair (2006-2009) and Board development advisor for the YWCA of Greater Baltimore. Catrese earned her BA in Sociology
from Chestnut Hill College and her Masters in Human Resource Development from what is now Towson University. She is also a certified
Myers Briggs Personality Type Indicator.
                                                                                                                                              P age 6
                                              SUMMER CONERENCE SPEAKER BIOS

Dean Meade, Research Manager, Governmental Accounting Standards Board
Dean Mead is Research Manager at the Governmental Accounting Standards Board. Dean is lead methodologist for the GASB, responsible for overseeing
project managers in the planning, design, and administration of the GASB’s research agenda, managing external research, and interfacing with the
academic community. In addition to coordinating the GASB’s constituent outreach and communication efforts and acting as staff liaison to the
Governmental Accounting Standards Advisory Council, Dean led the GASB’s projects on the statistical section (which resulted in GASB Statement 44)
and net asset reporting (Statement 46). Dean is the author of the GASB’s seven-volume User Guide Series—non-technical, plain-language introductions to
government financial statements for non-accountants. He has published articles in journals such as Public Budgeting & Finance, Journal of Policy Analysis
and Management, State and Local Government Review, Journal of Government Financial Management, Journal of Public Affairs Education, and Journal of
Public Health Management and Practice. He has recently contributed chapters to Public Financial Management, The Handbook of Municipal Bonds,
Handbook of Employee Benefits and Administration, and Encyclopedia of Public Administration and Public Policy. Prior to joining the GASB, Dean was
the Deputy Research Director at the Citizens Budget Commission in New York City. Dean also is an adjunct professor in the governmental accounting
masters program at Rutgers Business School, Rutgers University.

Marcus E. Pollock, Operations Officer at FEMA
Marcus E. Pollock has over thirty years of experience as an analyst for government and nonprofit organizations within the fields of community and
workforce development, program evaluation and disaster preparedness. He spent several years as an evaluator with the General Accountability Office
examining housing, transportation, agricultural and environmental programs. He is currently the Operations Officer for the National Integration Center,
National Preparedness Directorate of FEMA. In this capacity his focus is integration of organizations and related processes to improve performance and
using technological solutions to support decision-making.

John Hammond, Budget Officer for Anne Arundel County
Mr. Hammond has been the Budget Officer for Anne Arundel County since December of 1993. He oversees the development and implementation of the
County’s $1.2 billion operating budget and $900 million capital budget and program. Mr. Hammond serves as Chairman of the Anne Arundel County
Retirement and Pension System Board of Trustees, and is also Chairman of the Board’s Investment Committee. Prior to joining the management team of
Anne Arundel County, Mr. Hammond served as an institutional money manager, capital manager, and a government affairs officer in the property/casualty
insurance field. Also, prior to his appointment, he served four terms as an elected alderman for the City of Annapolis and Chaired the City Council's
Finance Committee which is responsible for the review of the City’s annual operating and capital budget and program. Mr. Hammond holds a Bachelor's
degree in business and industrial management from the Johns Hopkins University, and a Master's degree in business administration from the Wharton
Graduate Division of the University of Pennsylvania.

Tim Elliott, Finance Director for the City of Annapolis
Tim Elliott has been the Finance Director of the City of Annapolis since January, 2002. Prior to that he served as Assistant Finance Director and has been
with the City for 25 years. As Finance Director, he is responsible for all financially related business of the City and supervisors the Information
Technology section. Mr. Elliott has responsibility for the formulation and financial management of the City’s $81 million operating budget, which includes
all services except schools and the $220 million capital improvement program. His office also handles bond sales, a self insurance program, revenue
collection, and billing operations for all constituent services. Mr. Elliott holds a BS in Financial Management from the University of Maryland and lives
in Annapolis.

John Markowski, Chief Financial Officer for Harford County Public Schools
John Markowski has been the CFO for Harford County Public Schools for over nine years. He has worked in public education and government since 1987,
spending most of that time in Maryland having brief forays into Virginia and the District of Columbia. For five years prior to 1987 he supported local
governments in the United States in the financial application software industry. Public accounting and industry experience are also included in his
background. John has been active in numerous professional organizations during his career. He is a past president of the Maryland GFOA (Md. GFOA),
the Association of School Business Officials of Maryland and the District of Columbia (ASBO-MD&DC), and the Council of Educational Administrative
and Supervisory Organizations of Maryland (CEASOM). He completed two tours of duty as program chairman for the Maryland GFOA and served on,
and sometimes chaired, numerous committees of these organizations. In addition, John served on the Boards of the GFOA Washington Metropolitan Area,
the Local Government Insurance Trust, and the Maryland Association of Boards of Education (MABE) Group Insurance Pool. For two years he chaired
the Maryland Association of CPA's Members in Government Committee during which Government Day was created. He also served on the Continuing
Professional Education Committee of that association and chaired the Professional Development Committee of ASBO MD-DC. John was a member of the
GFOA Committee on Retirement and Benefits Administration for six years and a budget reviewer for GFOA for four years. Currently he is Chairman of
the Board of Trustees of the MABE OPEB Investment Trust of which he is a founding member.
                                                                                                                                              P age 7
                                                                   Session Descriptions

Technical Session I: Identify Theft and the New FTC Red Flag Rules
Do you know if your government is subject to the Federal Trade Commission’s “Red Flag” rules? James Kreiser, Senior Information Systems
Audit Manager for Clifton Gunderson LLP will discuss the specific criteria and definitions that will help you determine if you are required to
develop and implement written identity theft prevention programs under the Fair and Accurate Credit Transactions Act. He will identify program
components, practices, and approaches to addressing identity theft risks. He will also provide statistical analysis and survey results regarding fraud
attempts and incidents, and also will include some case studies of actual identity fraud incidents.

Technical Session II: Financial Presentations People Actually Want to Hear
Ted Zaleski, Director of Management and Budget for Carroll County, shows that contrary to popular belief presentations about numbers and
financial information don’t have to be boring. Dos and don’ts for getting comments like, “Wow. That was a lot more interesting than I expected”.

Technical Session III: Debt Capacity: Setting the Right Standards for Your Government
Uncle Sam is borrowing trillions to shore up the economy and to fund budget priorities. Is this too much and, if so, how can we tell? Who are the
arbiters of debt capacity? Wall Street? The taxpayers? The Legislative body? While the feds play by a different set of rules than local
governments and the number of zeros is certainly fewer, many of the same questions apply. Statutory limits on debt for Maryland local
governments are a starting point, but they are not necessarily “real world” parameters. This session will explore how debt capacity is defined,
measured, and used in the capital planning process. We will also discuss how external parties influence the development of debt capacity
guidelines and parameters. Lastly, a debt capacity forum can not be considered complete without a discussion of its twin sister, debt affordability.

Technical Session IV: Public Finance Developments
William Henn and Kimberly Betterton, at McKennon, Shelton & Henn LLP, will provide an update on IRS enforcement efforts and recent
Congressional actions relating to tax-exempt and tax advantaged municipal bonds. There will be a focus on understanding how these new bonds
may be a substitute for traditional tax exempt bonds in certain situations and identifying specific substantive projects/ purposes that can be financed
with these credit bonds (and can’t be financed with traditional tax-exempt bonds).

Technical Session V: Succession Planning
Many Maryland jurisdictions are facing the possibility of a large number of employees retiring within the next couple of years. What kind of
succession planning should be done to continually serve the public and fill their needs despite a personnel issue or the absence of an agency leader?
This workshop will review best practices in succession planning and provide a framework and tool to begin working on your plan through the
review of a sample emergency succession plan.

Technical Session VI: Fund Balance Reporting
GASB Statement 54 will completely change the way fund balance is reported in the governmental funds. Reserved, designated, and unreserved
fund balance will give way to non-spendable, restricted, committed, assigned, and unassigned fund balance. This presentation will cover the basic
requirements and explain how the Statement will affect issues such as encumbrances, rainy day funds, and the reporting of special revenue funds.

Technical Session VII: Technology as a Tool for Decision Making
Marcus E Pollock, Operations Officer for FEMA, will discuss that recent years have seen an increase in the importance and visibility of disaster
preparedness as a national priority. Following the catastrophes of September 11, 2001 and Hurricane Katrina in 2005, substantial efforts have been
made by the federal government to understand and prepare for all manner of disasters. Given the range of disasters that could occur, and the reality
of limited resources to address the range of hazards, information technology is required to support decision making regarding capabilities the nation
must build and maintain according to risk and cost and benefit of mitigating those risks. The presentation will explore the complexities of
preparedness and the utility of information technology in informing decisions about capabilities planning and assessment for all hazards

Technical Session VIII: Fiscal First Aid: Strategies for Handling Budgetary Stress.
During this roundtable representatives from various levels of local government will discuss strategies and tactics for addressing immediate budget
problems while also keeping an eye on long-term financial sustainability. The focus will be on practical approaches attendees can apply to their
own situations.
                        P age 8
                                                                                                                                     P age 9
                                              SUMMER CONFERENCE AGENDA

Wednesday, June 3, 2009              Pre-Conference Events
11:00 a.m.                           Golf Tournament
                                     Ocean City Golf Club
                                     11401 Country Club Drive, Berlin, Md (410) 641-1779

12:30 p.m.                           Fishing Tournament
                                     Vessel: TBD

Thursday, June 4, 2009               CONFERENCE ACTIVITIES
                                                                                                                    8 CP
8:00 a.m.                            Registration                                                                        ts
8:00 a.m.                            Coffee Service and Light Continental Breakfast in Registration area
9:15 a.m.                            Introduction and Welcome– Mary Allen, President MD GFOA
                                     Opening Remarks– Ocean City MD Convention and Visitors Bureau
9:45 a.m.                            What is Possible...Going for the Gold
                                     Theresa Andrews, Olympic Gold Medalist/Consumer Market Executive in Global
                                     Consumer & Small Business at Bank of America
10:20 a.m.                           Technical Session I: Identity Theft and the New FTC Red Flag Rules
                                     James Krieser, Senior Manager, Clifton Gunderson LLP
11:10 a.m.                           Break
11:25 a.m.                           Technical Session II: Financial Presentations People Actually Want to Hear
                                     Ted Zaleski, Director of Management and Budget for Carroll County
12:15 p.m.                           Networking
12:45 p.m.                           Lunch
1:15 p.m.                            Technical Session III: Debt Capacity: Setting the Right Standards for Your Government
                                     Joseph Mason, Vice President Davenport and Company LLC
2:05 p.m.                            Technical Session IV: Disaster Preparedness-Technology as a Tool for Decision Making
                                     Marcus Pollock, Operations Officer at FEMA
2:55 p.m.                            Break & FABULOUS PRIZE GIVEAWAY!
3:25 p.m.                            Technical Session V: Succession Planning
                                     Catrese Brown, Consultant, TransitionGuides
4:25 p.m.                            Annual Business Meeting
4:45 p.m.                            Adjourn
6:00 p.m.                            Reception & Dinner

Friday, June 5, 2009                 CONFERENCE ACTIVITIES

7:00 a.m.                            Registration and Breakfast
9:00 a.m.                            Technical Session VI: Fund Balance Reporting
                                     Dean Meade, Research Manager at Governmental Accounting Standards Board
9:50 a.m.                            Technical Session VII: Public Finance Developments
                                     William Henn and Kimberly Betterton, Partners, McKennon Shelton & Henn LLP
10:40 a.m.                           Break
11:10 a.m.                           Technical Session VIII: Fiscal First Aid-Strategies for Handling Budgetary Stress
                                     John Hammond, Budget Officer for Anne Arundel County
                                     Tim Elliott, Finance Director for the City of Annapolis
                                     John Markowski, Chief Financial Officer for Harford County Public Schools
12:00 p.m.                           Networking Reception and Lunch

                                                        SUMMER CONFERENCE
              Clarion Fountainebleau Hotel * 10100 Coastal Highway, Ocean City, MD 21842 (410) 524-3535 * http://www.clarionoc-com
                                             SUMMER CONFERENCE                                                                P age 10

                                 Clarion Resort Fountainebleau Hotel, Ocean City, MD
                                                    June 4-5, 2009

                                              Registration Form (Return with Payment)

To register: pay online at, or
                 Mail this page with check payable to MD GFOA (Tax ID #20-3047808) to the address listed below, or
                 Fax this page with credit card payment to 301-306-7603

All cancellations are subject to a $25 administrative fee. Refunds must be requested at least 7 business days prior to
conference. No refunds will be issued after that date. Special accommodations due to disability or dietary need must be
requested at least 10 business days prior to the conference. For additional information please call 301-306-7604.

Form of payment: _____ Check
                    _____ Credit Card (please circle)
Amount of payment: $__________
Credit Card No:___________________________________________
Cardholder’s Name (Print): ____________________________________
Expiration Date: ______/______
Cardholder’s Signature: _______________________________________
Please fill in your contact information below. Please PRINT CLEARLY. Missing information will delay your registration.
Member status:      Member      Non-Member       Retiree      Honorary        Student      Scholarship   Sponsor

Print Full Name                                                       Organization

Street Address                                      City                                 State                     Zip Code

Daytime Tel. #                     Fax #                                        E-mail

Name of Guest(s):

Conference badge required to attend any MD GFOA reception or buffet.

                                   Registration Fees
                       Early                  Late
Membership          Registration           Registration*
Member                       $100              $125
Non-member                   $150              $175
Spouse/Guest                 $65               $90
Retiree                      $10               $35
Honorary                     N/C               N/C
                                                                                                    9901 Business Parkway
Student                      N/C               $5                                                   Suite J
Scholarship                  N/C               N/C                                                  Lanham, Maryland 20706
Sponsor                      N/C               N/C (see sponsor guidelines)                         301-306-7604
* Registrations received after 05/28/09
                                                                                                    301-306-7603 fax
                                                         Clarion Resort Fountainebleau Hotel
                                                               10100 Coastal Highway
                                                             Ocean City, Maryland 21842
                                         800-638-2100 / 410-524-3535/ Fax 410-524-3834/

                  Attendees are responsible for their hotel reservations. To make a
                  room reservation please call the hotel directly. The Maryland
                  GFOA has a block of rooms available at the reduced rates listed.

                                       WEEKDAY                                  WEEKEND
Double/Double                             $138.00                                    $178.00
Executive King                            $158.00                                    $198.00
Studio King                               $168.00                                    $208.00
Cabana                                    $188.00                                    $228.00
1 Bdrm Condo                              $168.00                                    $178.00
2 Bdrm Condo                              $248.00                                    $258.00
Guest room rates are based on single or double occupancy, while condominium rates are based on a
maximum of two adults per bedroom. Children 17 and under stay free in their parent’s room using
existing bedding while each additional adult per room is $15.00 per night. All rates are subject to state and
local taxes. Condominium rates do not include daily maid service. Advance Deposit: A one-night deposit
is required to guarantee reservations at the Clarion Resort Fountainebleau Hotel. Credit cards will be charged
for one night, plus tax upon reservation request.

                        There are a limited number of rooms
                        available, so we urge you to make your
                        reservations as soon as possible. The
                        hotel will hold the MD GFOA block of
                        rooms until May 5, 2009.
                        RESERVATIONS RECEIVED AFTER
                        MAY 5, 2009 WILL BE ON A SPACE
                        AND RATE AVAILABILITY BASIS.
Get into the swing of things at the Ocean City Golf Club, 11401 Country Club Drive, Berlin MD (410) 641-1779. Shotgun start at
11:00 a.m. Format will be a Florida Scramble, which is a combination of Captain’s Choice and play-your-own ball. Golfers will play
their own ball on par threes, after the first shot on par fours and after the second shot on par fives. Net and gross prizes, which will be
awarded immediately after play at the Golf Reception in the club house, will be based upon player handicaps (or the last 3 scores
from each player). Register early, space is limited to 72 golfers. Contact the MD GFOA Management office at 301-306-7604.
                                   Registration for each golfer must be received by May 5, 2009.

                                            12:30—5:30 p.m.
                                            Catch some fun and excitement as we cruise Assawoman Bay fishing for that elusive
                                            flounder. We’ll shove off around 12:30 p.m aboard the BayBee (weather permitting) and
                                            we’ll dock around 5:30 p.m. Just bring your angling skills; everything else is provided including
                                            boat, first mate, bait, tackle and refreshments. Prizes will be awarded at dockside immediately after
                                            docking. Limited space available. Contact Ron Kruppa 410-244-4594 for more information.
                                                                     Registrations must be received by May 5, 2009

       PLEASE PRINT CLEARLY AND FAX TO: 301-306-7603 or Email to

Print Full Name -Organization __________________________________________________________
Street Address City State Zip Code ___________________________________________________________
Daytime Tel. # ___________________________Fax # ________________________E-mail:_______________________________
Name of Guest (s) or Foursome (Golf):
Form of payment: _____ Check _____ Credit Card (please circle)
Credit Card No:
Cardholder’s Name (Print): ______________________________ Expiration Date: ______/______
Cardholder’s Signature: __________________________________
Golf # ______ x $70 = $______
Fishing # ______ x $40 = $______

Amount of check or credit card $___________

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