Annual Spring Meeting — 2007

Thursday, April 5 at the Basketball Hall of Fame
100 West Columbus Avenue, Springfield
 
Dear Member:
 
We put spring flowers on the April Meeting Program to remind us all that Spring is really on its way, and also to appeal to the weather gods in hopes that we will not have a late snow this year. Do plan to join us on Thursday, April 5, to learn about Municipal Financial Statements. Invite your auditor, accountant and other partners in municipal financial management to this important meeting.
 
You understand that Assets on the balance sheet should equal the sum of the Liabilities and the Fund Balances. But do you really understand your community or district's financial statements? Could you explain different components to the general public if asked? Have you ever been stumped by a rating agency's question about your financials? Do you smile politely but without true understanding at the annual review of your financial statements? Do you know what your fund balance is and what it should be? Do you know what comprises your Restricted Net Assets as opposed to your Unrestricted Net Assets? If you have concerns about any of these questions, come to this meeting.
 
We have invited the team that made a very well received presentation on this topic to the Massachusetts City Solicitors and Town Counsels Association last fall to share their insights with Collectors and Treasurers. With the new GASB rules, understanding your municipal financial statements has become both more necessary and more complex, and this presentation will unlock the information that you need to extract from your statements.
 
A continental breakfast will be provided during registration, and we will have a break at mid-morning. The luncheon buffet will offer your choice of freshly made wraps – Turkey BLT; Ham with Swiss Cheese; Roast Beef; Tuna Salad – accompanied by Terra Chips, Assorted Whole Fruit, Caesar Salad and Field Green Salad, and finished off with a selection of Cookies and Brownies, all provided by Hartford/Springfield’s well known Max’s Restaurant Group.
 
After lunch, we have set aside time for you to tour the Basketball Hall of Fame, and have made special arrangements for discounted ($12 vs. $16.99) tickets. This new museum opened in 2002 and is recognized as the finest sports museum in the country. To get the group rate, order your ticket when you make your reservation.
 
Fax or mail your reservations to the MCTA office as soon as possible or register on-line(*). We look forward to seeing you at another full morning of educational material.
(*) Registration is closed.
 

Nils

Nils L. Nordberg
Executive Director

Ellen

F. Ellen McKay
President