California Society of Municipal Finance Officers
Abbreviation | CSMFO |
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Formation | 1958 |
Legal status | Association |
Purpose | Government Finance in California |
Location |
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The California Society of Municipal Finance Officers (or CSMFO) is a
The Challenge to Excellence in Government Finance
The
The chief financial officer (CFO) of a public agency is the corporate officer primarily responsible for managing the financial risks of the business or agency. This officer is also responsible for budgeting, financial planning, record-keeping, cash flow management, higher management. communicating financial performance and forecasts to the community. The title may vary, such as finance director or treasurer, from agency to agency. The CFO typically reports to the city manager or other chief executive officer.
Financial reporting has multiple audiences, with a responsibility to citizens, taxpayers and voters to provide transparent accountability for use of public funds (taxes). Additionally, financial reporting must provide internal guidance to program managers to maintain budgetary control and to governing city councils and boards of directors to provide adequate financial policy guidelines.
The United States government in general has sought to improve the quality of financial reporting. The Government Accounting Standards Board (GASB) has a stated mission to "establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users of financial reports and guide and educate the public, including issuers, auditors, and users of those financial reports."[1] Pronouncements in particular have trended to incorporate more comparable elements of business-sector.
Role of CSMFO Membership
Members are finance directors and treasurers of municipalities and other local government agencies, whether elected or appointed, having responsibility for collection, receipt, reporting, custody, investment or disbursement of municipal funds. Municipal funding sources are commonly property tax, sales tax, income tax, utility users tax (UUT), transient occupancy tax (hotel occupancy), and user fees such as licensing and permit fees.
Michael Genest is the
Professional Standards Setting
Certification is a guide for municipal finance directors and treasurers to become valued administrators in local government. CSMFO encourages
CSMFO Code of Ethics
Members are enjoined to adhere to legal, moral and professional standards of conduct.[6]
Training and Education in California Finance and Treasury
CSMFO has technical and professional committees that deal with financial issues facing government and the public. CSMFO also provides web-based technical support resources, educational material, conferences and technical publications for its members. CSMFO's annual statewide conferences provide an array of education across many topics and alternate annually between various northern and southern cities.
Standing Committees
Financial Leadership is furthered by engaging in efforts to assist statewide finance officers to develop the skills and capabilities necessary to enable them to become organizational leaders as well as technical experts.
Committee | Chair |
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Administration | Robert Burns, City of Chino
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Annual Seminar | Janet Salvetti, City of Stockton
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Budget and Management Reporting | Pamela Arends-King, City of Santa Ana
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Career Development | Dennis Danner, City of Newport Beach
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Fiscal Policy | Josh Betta, City of Glendora
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Membership | Steve Chapman, City of Moreno Valley
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Professional and Technical Standards | Jesse Takahashi, City of Campbell
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Technology | John Adams, City of Thousand Oaks
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Resources
The CSMFO website is a statewide resource for a variety of documents relevant to local government. CSMFO's library of resources includes sample RFPs, job descriptions, and a variety of documents and information relevant to local government. Categories of posted information include Accounting/Financial Reporting, Budgeting, Consultants, Investments/Cash Management, Job Descriptions, Payroll, Human Resources, Policies & Procedures, Revenue Management, RFPs/RFQs, and Technology.
See also
- American Institute of Certified Public Accountants (AICPA) Private Sector Accounting
- California Municipal Treasurers Association (CMTA)
- Certified California Municipal Treasurer (CCMT)
- Certified Government Financial Manager (CGFM)
- Certified Public Accountant (CPA)
- Government Finance Officers Association (GFOA)
- Government Finance Officers Association of Texas (GFOAT)
- List of post-nominal letters
- Professional certification
References
- ^ Government Accounting Standards Board
- ^ State of California, Cities Archived 2012-04-28 at the Wayback Machine
- ^ State of California, Counties Archived 2010-05-27 at the Wayback Machine
- ^ A Citizen's Guide to Special Districts in California Archived 2011-07-04 at the Wayback Machine Retrieved 2009-04-04
- ^ Institute for Local Government, Ethics Codes
- ^ CSMFO Code of Ethics Archived 2006-09-26 at the Wayback Machine Retrieved 2009-04-08