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CC - Item 4D - Authorization to attend event - Box 070TO: HONORABLE MAYOR AND MEMBERS ROSEMEAD CITY COUNCIL FROM: BILL CROWE,eCITY MANAGER DATE: NOVEMBER 18, 2003 RE: AUTHORIZATION TO ATTEND NATIONAL LEAGUE OF CITIES LOCAL GOVERNMENT FINANCE: GUARDING THE PUBLIC CHECKBOOK, APRIL 22-24,2004, SAN ANTONIO, TEXAS Attached for your consideration is information regarding the aforementioned conference. There will be sessions on: Infrastructure Planning and Financing; Financial Accounting , Reporting, and Annual Audit; and Local Government Capital Financing Strategies. RECOMMENDATION It is recommended that the City Council authorize the attendance of any Council member and staff as assigned by the City Manager. GOUNC11. AGENDA N OV 2 5 2003 ITEM No. IT.L'C-16 NATIONAL LEAGUE OF CITIES * LEADERSHIP TRAINING INSTITUTE' caa Govern c onan,ce: T,. t u a:r ,~,n, the Public- Checkbi k i COSPONSORED BY THE FLORIDA LEAGUE OF CITIES AND THE TEXAS MUNICIPAL LEAGUE Understanding Your Role People often enter life as a local elected official with a pocketful of wonderful ideas to improve their city, school district, or county. It doesn't take long, however, before they hit a seemingly impenetrable barrier that frustrates their plans- a lack of understanding of their government's budget and finances. Overseeing finances is not an easy job. As a local official, you are ultimately held accountable for your city budget and finances. It is the responsibility of the local official to know and understand the city budget, capital improvement programming and prioritization, as well as develop effective fiscal policies and understand local government financial administration. Constituents expect their leaders to have integrity, along with the knowledge, skills, resources, and abilities to build a sound financial position for their city. Understanding Your Financial Oversight Responsibilities How do you live up to constituent expectations? There is a dearth of easily understood budget and financial information; much of the financial literature is written in a very technical and detailed manner. Yes, budgets, capital plans and financial reports can be intimidating. But they don't have to be. Take advantage of the opportunity to work in a small group setting and broaden your understanding of local government finance. Join leading trainers and experts who specialize in local government finance issues. Engage in a program where you can learn strategies and tech- niques to increase your proficiency and comfort in dealing with financial oversight responsibilities as an elected official. Gain knowledge of budget manage- ment, capital improvement planning, financial crisis warning signs and the perils of micro-management. Establish Accountability and Fiscal Responsibility As a leader, you must find effective solutions to emerging concerns and challenges in your commu- nity. Learn how to put capital facilities and infrastruc- tures into place Learn to develop strategies for establishing a policy framework for capital budgeting in an effort for maintaining adequate operating fund balances and funding capital reserves. Solve the mystery of local government accounting as you learn the whys, what's and how's of the annual financial report and understand its key elements. The National League of Cities Leadership Institute on 'Local Government Finance: Guarding the Public Checkbook' will broaden your understanding and ability in dealing with financial oversight responsibili- ties to help you better serve your community. Local Government Finance: Guarding the Public Checkbook The preliminary schedule of events for the seminar (subject to change/... Thursday, January 29th / April 22nd 1:00-6:00 pm REGISTRATION Exploring Clearwater, FL /San Antonio, TX (on your own) Friday, January 30th / April 23rd 800 am CONTINENTAL BREAKFAST 9:00-12:00 noon Dollars & Sense: Guarding the Public Checkbook * Len Wood 12:00-1:30 pm LUNCH 1:30-5:00 pm Dollars & Sense: Guarding the Public Checkbook * Len Wood 6:00 Pm RECEPTION Saturday, January 31st / April 24th 8:00 am CONTINENTAL BREAKFAST 8:30-10:30 am Infrastructure Planning and Financing for Local Elected Officials * Dr. A. John "Jack" Vogt 10:30-12:00 noon Local Government Capital Financing Strategies Roundtable * Ken Bacchus, Moderator, Panel: Councilmember Renee Flowers; Mayor Pro Tem Ralph McCloud; Mayor Pro Tem Jacob Montoya; Councilmember Greg Patton; and Mayor Dottie Reeder 12:00-1:30 pm LUNCH 1:30-3:30 pm Financial Accounting, Reporting, and Annual Audit * David Bean 3:30-5:00 pm Local Government Accountability and Fiscal Responsibility Roundtable * Ken Bacchus, Moderator, Panel: Councilmember Renee Flowers; Mayor Pro Tern Ralph McCloud; Mayor Pro Tem Jacob Montoya; Councilmember Greg Patton; and Mayor Dottie Reeder Core Competency: Competent Practitioner... 8 Credits in the Certificate of Achievement in Leadership program Focal Government Finance: Guarding the Public Checkl National League of Cities Institute 1301 Pennsylvania Avenue, NW Washington, DC 20004 Visit us at wvvw.nic.org Non-Profit Org. U.S. Postage PAID Permit No. 231 Merrifield, VA