PROGRAM NASACT 2018 ANNUAL CONFERENCE August 11-15 | Salt Lake City, Utah TABLE OF CONTENTS CONTINUING PROFESSIONAL EDUCATION President's Message 1 Learning Objectives: At the conclusion of this conference, participants will be able to: Acknowledgments 3 • Recount changes to the roles and responsibilities of state auditors, state Association Leaders 5 comptrollers and state treasurers as these roles have evolved during the past year. Conference App 7 • Identify and discuss new standards and rules from the government standards General Info 9 setting bodies and regulatory agencies. Networking & Special Activities 11 • Apply practical information learned through case studies from peer offices and organizations. Daily Schedule 14 • Discuss state government financial management as it relates to the broader, Guest Activities 29 national fiscal outlook. Corporate Associates Directory 30 Level of Knowledge: Overview. Hotel Map/Information 32 Education or Experience Prerequisite: No prerequisites required. Advance Preparation: No advance preparation required. CPE: 15 credits have been recommended for the conference. Delivery Method: Group-Live. All sessions include Q&A opportunities. Attendance Requirements: In order to obtain CPE credit for this event, participants must submit attendance verification codes provided during each session. 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. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/. PRESIDENT’S MESSAGE Dear NASACT Members, Corporate Affiliates and Guests, It is my honor to be hosting the 103rd NASACT Annual Conference. On behalf of the NASACT Training and Professional Development Committee and our Utah hosts, State Auditor John Dougall, Division of Finance Director John Reidhead, and State Treasurer David Damschen, it is my pleasure to welcome you to Salt Lake City. The NASACT Annual Conference brings together state auditors, ROGER NORMAN comptrollers and treasurers from around the nation for in-depth education President of NASACT on government financial management issues. I am glad that you have made Legislative Auditor of Arkansas participating a priority and that you are here. This year we have some exciting general sessions. We will kick off the conference with a message from legendary football coach and ESPN analyst Lou Holtz. Medici Ventures President and Overstock.com Board Director Jonathan Johnson will discuss the hot topic of blockchain and how it is being used in the real world. New York Times bestselling author Lindsey Pollack will discuss our complex and multigenerational workforces and all the challenges (and opportunities) they present. We will hear from the National Governors Association’s executive director, Scott Pattison, on a range of issues that governors currently face. Breakthrough performance will be the focus of a session from Kristen Cox, executive director of the Utah Governor’s Office of Management and Budget. And lastly, Clark Partridge, state comptroller of Arizona and president-elect of NASACT, will lead the popular Emerging Issues Roundtable on the last morning of the conference. In addition to these keynote sessions, there are 26 concurrent sessions covering many different topics. The Grand America is a beautiful hotel, and we have several excellent networking activities planned here, as well as an excursion to the Utah Natural History Museum on Monday. On Tuesday evening, several deserving members will be honored with awards, and the 2018 Class of the NASACT Hall of Fame will be announced. I hope you find the conference to be stimulating and that you depart with new friends, new information and a renewed enthusiasm for serving the citizens of your states. 1 2 ACKNOWLEDGMENTS PLATINUM CORPORATE ASSOCIATES SILVER CORPORATE ASSOCIATES (cont.) NASACT wishes Accenture RSM to acknowledge CGI SAP Concur the supporters Deloitte Socrata of the 2018 NASACT Annual Oracle The College Board Conference. Wells Fargo GOLD CORPORATE ASSOCIATES Thank you for Workday ACL your support! Workiva EY Infor BRONZE CORPORATE ASSOCIATES KPMG LLP American Express SILVER CORPORATE ASSOCIATES BenefitScape Bronner Bank of America Merrill Lynch CherryRoad Technologies BerryDunn Mastercard CliftonLarsonAllen Metaformers Eide Bailley LLP MKinsight First Data Plante Moran ISG Public Sector S&P Global Ratings Kamakura Corporation Tyler Technologies OpenGov Willis Towers Watson MEDIA PARTNERS The Bond Buyer is the only independent information resource serving the municipal finance community. Its comprehensive paid-subscription news, analysis and data service is unique in the industry, meeting the needs of a full spectrum of senior industry professionals through its website, e-newsletters and alerts, and daily print edition. The Bond Buyer's 10 annual conferences offer in-depth education about cutting-edge public-finance topics, ranging from local government finance and budgeting to capital-raising to large-scale funding of the nation's transportation, health care, higher education and public utilities infrastructure. Governing is the nation’s leading media platform covering politics, policy and management for state and local government leaders. Recognized as the most credible and authoritative voice in its field, Governing provides the non-partisan news, insight and analysis state and local leaders need to make government work better. 3 Built-for-government ERP and collections CGI delivers economies of scale and flexibility to help government reduce cost, increase agility and drive innovation in their ERP and collections programs. Our unique strategy supports government’s current and future needs for deployment options and provider accountability—giving states the power to implement the solutions they truly desire. • Streamline and automate the budget process to improve efficiency and transparency • Managed services reduce risk and costs while improving cost predictability • Integrated debt collections to increase revenue while minimizing or even eliminating upfront investment Experience the commitment® cgi.com/stateandlocal 4 ASSOCIATION LEADERS 2017-18 EXECUTIVE COMMITTEE AUDITOR TREASURER REPRESENTATIVES REPRESENTATIVES Beth Wood Manju Ganeriwala State Auditor, North Carolina State Treasurer, Virginia PRESIDENT FIRST VICE PRESIDENT SECOND VICE Roger Norman D. Clark Partridge PRESIDENT Daryl G. Purpera Mike Frerichs Legislative Auditor State Comptroller Beth Pearce Legislative Auditor, Louisiana State Treasurer, Illinois Arkansas Arizona State Treasurer Suzanne Bump Steve McCoy Vermont Auditor of the Commonwealth, State Treasurer, Georgia Massachusetts COMPTROLLER REPRESENTATIVES Cynthia I. Cloud State Auditor, Wyoming Alan Skelton State Accounting Officer, Georgia Steve Barnett TREASURER SECRETARY IMMEDIATE State Auditor, South Dakota Elaine M. Howle Richard Eckstrom PAST PRESIDENT State Auditor Comptroller General David H. Lillard, Jr. California South Carolina State Treasurer Tennessee HOST STATE PRINCIPALS John Dougall John Reidhead David Damschen State Auditor Director State Treasurer Utah Division of Finance Utah Utah TRAINING & PROFESSIONAL DEVELOPMENT COMMITTEE Roger Norman (AR-A), Chair Clark Partridge (AZ-C), Vice-Chair Steve Barnett (SD-C) Sharon Elston (AL-A) Leanne McLaughlin (NC-A) Earle Powell (SC-A) Gerry Boaz (TN-A) Mike Frerichs (IL-T) Ron Knecht (NV-C) John C. Reidhead (UT-C) Pola Buckley (ME-A) Manju Ganeriwala (VA-T) James MacDonald (MA-T) Randy Roberts (AZ-A) Cynthia I. Cloud (WY-C) John Geragosian (CT-A) Kent McLamb (NC-A) Kirt Slaugh (UT-T) David Damschen (UT-T) Laura Glenn (GA-T) Rebecca Otto (MN-A) David A. Von Moll (VA-C) John Dougall (UT-A) Ian Green (OR-A) Jennifer Pacheco (NC-C) Brandon Woolf (ID-C) Richard Eckstrom (SC-C) Anna Maria Kiehl (PA-C) Beth Pearce (VT-T) 4 5 Ride the wave of opportunity Disruption as a catalyst for change Digital, automation, and cognitive technologies have potential to disrupt the status quo. But when you look again at disruption, you see its potential to drive positive change across government. Will you be ready to use it to your organization’s advantage? Deloitte can help you develop a digital strategy to integrate innovative technologies to improve compliance and reporting and make government more efficient. Seize your opportunity at www.deloitte.com/us/state Copyright © 2018 Deloitte Development LLC. All rights reserved. 6 CONFERENCE APP HANDOUTS Session handouts will not be provided at the conference. Presentations will be available via NASACT's conference app both during and after the conference (except in instances where the speaker does not provide the presentation to us in advance). If you do not wish to use the app on a mobile device, there is also a website version that can be accessed via a computer browser at https://event.crowdcompass.com/nasact2018. CONFERENCE APP The NASACT Annual Conference app will place networking tools, schedules and session materials in the palm of your hand. Everything you find in the program brochure you can find on the app – and more. How to Download Prior to the conference, you should have received an email invitation containing download links and login information. However, if you