GFOA Best Practices/Advisories
GFOA Best Practices identify specific policies and procedures that contribute to improved government management. They aim to promote and facilitate positive change or recognize excellence rather than merely to codify current accepted practice. GFOA has emphasized that these practices be proactive steps that a government should be taking. Best practices are applicable to all governments (both large and small). Best practices are approved by the GFOA executive board and represent the official position of the organization.
GFOA Advisories identify specific policies and procedures necessary to minimize a government’s exposure to potential loss in connection with its financial management activities. For many advisories, GFOA will be providing specific recommendations on how to avoid risk or loss, either proactively or retroactively, in response to current events or trends. Advisories are approved by the GFOA executive board and represent the official position of the organization.
Association of Public Treasurers of the US and Canada
APT US&C offers educational and certification opportunities to public sector treasury and investment professionals, including various ongoing accreditations such as the Certified Public Finance Administrator (CPFA) and the Certified Public Funds Investment Manager (CPFIM). APT US&C also provides certifications for organizations, not individuals. APT US&C certifies investment, debt, cash handling and disaster preparedness policies.
APT US&C policy certifications Going through a disciplined process to create your policies, and then having them reviewed and certified may show stakeholders that your organization is prepared and that you have policies in place that have received a national stamp of approval.
The Internal Revenue Service and the Treasury Department have issued final rules blocking certain states’ attempts to work around the new $10,000 cap for state and local tax deductions.Read more
"Fade the futures.” That’s market jargon for going against the financial futures market, in this case the contracts on what the federal-funds rate will be in months hence. The market is betting on multiple reductions in the Federal Reserve’s main interest-rate target later this year. The trouble is, the futures market was just as certain late last year that multiple rate increases were ahead.Read more