KMAAG - Overland Park, KS

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Speaker:  Scot Loyd, CPA, CGFM, CFE, CGMA, CNC 

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Each KMAAG presentation will talk about Cities, Counties, Schools and Other governments.  Since this is only the second year following the Covid break of having KMAAG seminars, I have decided to conduct the seminars altogether again this year. There are so many new people to local governments in Kansas, we need to keep sharing the KMAAG message to all local government officials. Even if you are presenting your local government financial statement under GAAP, you are still required to follow KMAAG and certain sections of KMAAG. This will allow all of us to get caught up on KMAAG and the governmental knowledge it requires to understand how it works.  This will still allow each government entity the attention they deserve and still have a general understanding of all government entities across Kansas. This KMAAG seminar series qualifies those in attendance for 8 CPE units. 

Key aspects of KMAAG training include:

• Linking your records to your government’s financial statement (including the notes) – covering cash, depository coverage, investments, revenue, expenditures, payroll and debt…and YES, KPERS unfunded liability disclosure.  We try in a classroom setting to make this as practical as possible.
• Continuing study: REAL WORLD stories of Fraud that help you identify fraud risks in your government entity before it occurs. BE PROACTIVE!  This will tie into the Federal Funding that has occurred in local governments over the last three years. As we get towards the end of ARPA (RESCUE) funding expenditures, we will explore opportunities to get all your ARPA funds shown as expended and will allow your local government to have some flexibility in using the funds into the future.
• How to split up duties in a smaller government environment so there are not weaknesses in segregation of duties!
• How do you spot a Material Misstatement in your financial statements?
• Group exercises dealing with practical scenarios in your government throughout the day! We will be bringing back the group exercise of trying to find the errors in the government of example KMAAG financial statement, notes and schedules. Showing you some insights into spotting errors in your KMAAG statement, notes and schedules.
• Since we have had several bank failures that have occurred in the last year, we will take time to understand depository security, pledge security and how to make sure your bank deposits are protected and secured.