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A NASACT Training Webinar
Tuesday, March 15, 2011
2:00 - 3:50 Eastern Time
The National Association of State Auditors, Comptrollers and Treasurers (NASACT), in conjunction with the Association of Government Accountants and the Association of Local Government Auditors, is pleased to announce the latest in its series of events addressing timely issues in government auditing and financial management.
Budget shortfalls are requiring states to fundamentally re-assess their approaches to the delivery of public services. At the same time, increasing investment in the nation’s critical infrastructure is required to maintain and enhance economic competitiveness.
An increasing number of state and local government agencies are now turning to the private sector to assist in the financing and delivery of public infrastructure through the use of “Public Private Partnerships” (P3). Under these P3 models, consortia of private companies assume responsibility for the design, construction, financing and operation of new or existing public infrastructure under a variety of different models. The Port of Baltimore will be discussed as a successful P3 case study during the webinar.
Recognizing the increased usage of P3 models, in November 2010 the Governmental Accounting Standards Board (GASB) issued Statement No. 60, Accounting and Financial Reporting for Service Concession Arrangements. Common examples of service concession arrangements discussed in GASB No. 60 include long-term arrangements involving toll roads, hospitals, and student housing. The statement provides guidance on transferor accounting and financial reporting for facilities and related payments from an operator and how to record the associated obligations of the government.
This webinar will:
- Outline the drivers for P3 projects.
- Identify sectors where P3 delivery models have been used or potentially could be used.
- Describe a number of P3 delivery models,
- Provide case studies of recent P3 transactions, the practical implications of each and the lessons learned for future projects.
- Highlight specific examples and identify considerations for states considering future P3 projects to improve infrastructure delivery.
- Discuss the accounting and financial reporting for different P3 models in the context of GASB Statement No. 60.
Neil McMonagle, Grant Thornton; James White, Maryland Port Administration; and Todd Webster, GASB, will share their knowledge and experiences during this event. In addition to hearing scheduled segments from our speakers, you will be able to ask questions during a live Q&A session.
This webinar offers something for all government auditors, comptrollers and other government officials with a role in delivering public infrastructure. Please feel free to share this opportunity with others within your government that might be interested in this topic.
| Date: |
Tuesday, March 15, 2011 |
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| Time: |
2:00 - 3:50 p.m. ET |
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| Speakers: |
Neil McMonagle, Senior Manager, Grant Thornton LLP
Todd Webster, Practice Fellow, GASB
James J. White, Executive Director, Maryland Port Administration |
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| CPE: |
Two credits |
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| Cost: |
$249.00 per group (unlimited attendance); $50 per person; or $0 if no CPE is requested |
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Agenda: |
2:00 - 2:05 |
Welcoming Remarks - Kinney Poynter, Executive Director, National Association of State Auditors, Comptrollers and Treasurers |
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2:05 - 2:40 |
Planning and Implementing P3 Projects
Neil McMonagle, Senior Manager, Grant Thornton LLP |
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2:40 - 2:55 |
Port of Baltimore - A Successful Case Study
James J. White, Executive Director, Maryland Port Administration |
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2:55 - 3:20 |
GASB No. 60, Accounting and Financial Reporting of Service Concession Agreements
Todd Webster, Practice Fellow, GASB |
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3:20 - 3:45 |
Live Q&A - moderated by Kinney Poynter |
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3:45 - 3:50 |
Wrap-up - Kinney Poynter |
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| Register: |
Register HERE |
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Instructions and Materials: |
An email will be sent Friday, March 11, by 4:30 p.m. ET to all who have registered for this conference with the instructions on how to join the webinar and a link to the materials. Please note the instructional email will be sent only to the email address attached to the registration. |
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Learning Objectives: |
Following this webinar, attendees will be able to:
- Identify opportunities in state and local government for public private partnerships
- Understand key planning elements
- Recognize risks associated with these projects
- Apply the provisions of GASB No. 60
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Delivery Method: |
Group-Live (for group settings) or Group-Internet Based (for individuals) |
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Level of Knowledge: |
Overview |
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Experience Prerequisite: |
All government officials and employees are encouraged to attend. No prerequisites are required. No advance preparation is necessary. |
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The National Association of State Auditors, Comptrollers and Treasurers is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Â Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting the web site www.nasba.org. |
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Speaker Bios: |
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| Neil McMonagle, Senior Manager, Grant Thornton LLP |
Bio |
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| James J. White, Executive Director, Maryland Port Administration |
Bio |
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| Todd Webster, Practice Fellow, GASB |
Bio |
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Presentations: |
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| Neil McMonagle, Senior Manager, Grant Thornton LLP |
PPT |
PDF |
| James J. White, Executive Director, Maryland Port Administration |
PPT |
PDF |
| Todd Webster, Practice Fellow, GASB |
PPT |
PDF |
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(Attending as Individuals) |
| CPE Request Form |
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CPE Request Form |
| Evaluation Form |
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Evaluation Form |
| Sign-In Sheet |
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Sign-In Sheet |
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