Library Fiscal Officer 102

When:
September 10, 2021 @ 9:00 am – 1:00 pm
2021-09-10T09:00:00-04:00
2021-09-10T13:00:00-04:00
Where:
Ohio Library Council via Zoom

Sponsored by: Ohio Library Council

Register at my OLC  | Registration Deadline: 9/5/21

Registration Fees:
Member: $30* | Non-member: $60

*OLC Individual members or staff of OLC Institutional Member Libraries

Program Overview:
This virtual workshop is primarily designed for new public library fiscal officers, deputy fiscal officers, and directors, but it can also serve as a valuable refresher. You will gain a better understanding of the main duties of a public library fiscal officer and get the latest information on fund accounting, budgeting, reporting, OPERS, library funding and key legislative issues impacting public libraries. This is an opportunity to learn from and share ideas with other public library fiscal officers from around the state.

Intended Audience: New public library fiscal officers, deputy fiscal officers, directors, or anyone who would like an overview of the functions performed by public library fiscal officers.

What’s Included: Participation in the live, online workshop and/or access to the archived version, resources (if applicable) provided by the presenters.

NOTE: Workshop invitation and access information will be sent via e-mail. Please check that your correct e-mail address is listed in your my OLC profile page.

Continuing Education Credits: For those working toward their Ohio Public Librarian or Ohio Public Library Staff re-certification, this webinar counts as (3) continuing education contact hours of credit.

CPIM Credit: This workshop qualifies for 3.25 hours of continuing education credit for the Ohio Treasurer’s Center for Public Investment Management (CPIM). You must report your hours to MyCPIM.

Ohio Public Library Core Competencies AddressedFiscal Operations and Organizational Awareness


AGENDA:

9 a.m. | Join the Zoom Classroom (The link will be emailed to you two days prior to the workshop). We will test audio and video connections to ensure all attendees can see and hear the presenters.

9:10 a.m. | Welcome and Introductions

9:15 a.m. | OPERS Reporting and Library Policies

Presenter: Abby Chaffin, Employer Compliance Specialist, OPERS

Gain a better understanding of a library fiscal officer’s responsibilities with respect to OPERS reporting and applicable library policy. You will learn what comprises earnable salary, how to properly handle a retire/rehire, how to navigate the Employer Contribution System, and how to meet the requirements for the PEDACKN Independent Contractor Forms. This session will use real-life scenarios and examples to assist you along the way.

10:30 a.m. | Break

10:45 a.m. | History of the PLF – How Library Funding Works

Presenters: Michelle Francis, Executive Director; and Jay Smith, Director of Government and Legal Services, Ohio Library Council

Gain a better understanding of how the Public Library Fund (PLF) has historically been funded and distributed to counties and how current state revenues affect recent distributions. You will also learn more about the various resources that the OLC provides to fiscal officers and directors.

11:45 a.m. | Break

12 p.m. | Funds and Beyond

Presenter: Joey Jones, Chief Auditor, Ohio Auditor of State Keith Faber’s Office

This training session is designed to provide information on:

  • Fund Accounting – Understanding the basis for this method of accounting.
  • GASB 54 – Fund balance classification and financial statement presentation.
  • Audit types – Different audit options for different entities.
  • Budgetary statements – Understanding how your working budget and budgetary statements should be prepared.
  • Ohio Compliance Supplement matrix –  Learn what the auditor is going to ask you and what records the auditor is going to request.

1 p.m. | Adjourn