Insights on Government Financial Management & Accountability Strategies

1. The AGA and the Government of the United States of America Thought Leadership in Action Relmond Van Daniker, DBA, CPA Executive Director AGA General title

2. Summary of Conclusions • Tackling inefficiency and waste is just part of the job • Performance management is important, but their roles varies in its implementation • The CAFR should be produced in a timely manner to be useful • The Cloud sounds great, but most don’t know what it is • Strategy, structure, culture and people drive the organization’s performance • Financial executives have aligned their offices with state missions • Views of leadership and trust vary amongst entities • The finance culture is strong and supportive • People are the key to success • Storms are already here and will continue General title

3. Summary of Conclusions • Reducing costs is a lot of work • Performance management is how agencies achieve results • CFOs have closely aligned their offices with agency missions, but they want more • CFOs and the workforce have different views of leadership and trust • The CFO culture is strong and supportive • People are the key to success • Storms will continue • CFOs have their work cut out for them General title

4. Overview • Where We Are Now • The Economy • What Came In and What Went Out • Cost vs. Deficit: What’s the Difference? • What We Own and What We Owe • Review of the Government’s Stabilization Efforts • Where We Are Headed • The Primary Deficit, Interest and the Debt • The Fiscal Gap and the Cost of Delaying Policy Reform • Conclusion • Looking Ahead • Find Out More • Government’s Financial Position and Condition 16 pages General title

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7. If citizens cannot connect government to the lives of their communities in a positive way, it becomes difficult for them to accept the authority of the government. -Ester FuchsColumbia University “The Future of the City : Governing the Twenty-First-Century City” Journal of International Affairs General title

8. Public Attitudes Toward Government • Accountability and Transparency • 75% of Americans believe that the availability of government financial management information is very important • The public is least satisfied with the financial management information they’re receiving from the federal government • After hearing a description of Recovery.gov, 76% indicated they would be likely to either visit or return to the site • Approximately 80-90% voted in the 2008 federal, state and local elections. Roughly 75% of these people say that financial management information was an important factor in their decisions • Overspending and/or wasting money is a top concern about government financial management across all levels • Reflecting the past two years, the public generally considers state and local government financial reporting to have stayed the same, and federal to have gotten worse

9. Constructing A Report Doesn’t Take a Super Human Effort! • Resources Available: • Content Guidelines • Design Guidelines • Media and Communications Templates • Completed Reports – Don’t Reinvent the Wheel! General paragraph

10. Page 2 – Goals & Performance General title Page 1 – Overview & Information

11. Page 4 – Future Challenges & Contact Information General title Page 3 – Financial & Audit Information

12. Audited financial statements, CAFR, PAR and other periodic accountability reports to the public General title

13. “I am only one; but still I am one. I cannot do everything; but still I can do something; and because I cannot do everything, I will not refuse to do the something that I can do.” Edward Everett Hale General title

14. AGA is the Thought Leader in Advancing Government Accountability and Transparency www.agacgfm.org General paragraph