2011 Summer Training: Don't Miss Paul Mellor and Memory Magic!

The Education Committee has been hard at work putting the finishing touches on this year's upcoming Summer Training. Registration is open and can be found here: www.gfoaz.org/e/11st/.

This year's training was crafted to continue the tradition of providing valuable, informative and entertaining sessions and can't be missed! Of special interest, the Education Committee has booked Paul Mellor presenting his 'Memory Magic!' seminar. Read more

Excess Liquidity Can Cost You Money

For some public funds, the yield curve now trumps pools

By Girard Miller CFA, Ken Schiebel CFA and Craig Clifford CPA, CFGM

For the past three years, public cash managers have suffered through record low interest rates with few investment alternatives. To re-liquefy the financial markets, the Federal Reserve lowered short-term interest rates to nearly zero and has kept them there for over two years. During this period, the yield on short-term securities such as repos, T-bills, agency discount notes and commercial paper, have frequently fallen below the yield on local government investment pools (LGIPs). Some municipalities have therefore invested all or most of their funds in these pools rather than purchasing individual securities on their own or through a professional asset manager. In a nearly zero rate environment, they could have their cake and eat it too: immediate liquidity and higher yields. Read more

Government Finance Officers Association National Training

GFOA is set to host a national training August 15-18 in San Francisco. The training allows you to earn up to 32 credits and features topics covering Best Practices & Effective Budget presentation, Advanced Governmental Accounting, Basics and New Practices for Investing Public Funds, and more! Registration is open now and can be found here: www.gfoa.org. Check out the informational brochure for more details. Register today!

Fewer States Added Jobs in May

First Published: June 20, 2011 in Knowledge@W.P. Carey

By Lee McPheters

Have you heard? Economy-watchers (and incumbent office-holders) are saying the U. S. economy added nearly two million jobs in the past 15 months. Why focus on 15 months? Because that particular time frame produces the most favorable job-growth figure in an environment where everybody is looking for whatever scraps of good news they can find. Read more

Motivational Quote

"Inspiration and genius -- one and the same." - Victor Hugo

GFOAz Welcomes New Members

Dot Caton, Management and Budget Analyst, Town of Marana
Heather Neff, Sales Manager, Black Mountain Software Inc.

GFOAz Board of Directors

Brian Wright
President
Finance Director
City of Eloy

Vicki Rios
Immediate Past President
Deputy Finance Director
City of Phoenix

Joe Duffy
Member At-Large
Finance Dir./Assistant City Manager
City of Williams

Rudy Rodriguez
Member At-Large
Finance Director/Treasurer
City of Cottonwood

Barbara Goodrich
Member Services Chair
Management Services Director
City of Flagstaff
Scott Holt
President-Elect
Director - Financial Services
Yuma County

Diane Archer
Member At-Large
Finance Director
City of Casa Grande

Jerry Hart
Member At-Large
Financial Services Manager
City of Tempe

Mindy Russell
Education Committee Chair
Management Assistant
City of Peoria
May 20, 2011
Quarterly Training
ASU Mercado
Phoenix, Arizona

May 22-25, 2011
GFOA Annual Conference
Henry B. Gonzalez Convention Center
San Antonio, Texas

August 10-12, 2011
GFOAz Summer Training
Loews Ventana Canyon
Tucson, Arizona

August 30 - September 2, 2011
League of Arizona Cities and Towns Annual Conference
JW Marriott Starr Pass Resort
Tucson, Arizona
City of Chandler
Senior Accountant

City of Mesa
Chief Financial Officer

City of Flagstaff
Accountant I

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Contact Mary Vinzant at
(602) 258-5786 or
mvinzant@azleague.org


GFOAz News is published by the Government Finance Officers Association of Arizona. Forward your comments or suggestions to the League of Arizona Cities and Towns, Attn: Mary Vinzant, 1820 W. Washington Street, Phoenix, Arizona 85007, Phone: 602-258-5786, Fax: 602-253-3874, email: mvinzant@azleague.org

Government Finance Officers Association of Arizona
1820 W. Washington Street, Phoenix, AZ 85007     •     Phone: (602) 258-5786     •     Fax: (602) 253-3874     •     www.gfoaz.org