Sponsored by: Ohio Library Council

Register at my OLC | Registration Deadline: 8/31/20

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

*OLC Individual members or staff of OLC Institutional Member Libraries

Program Overview:
This half-day, online workshop is primarily designed for new fiscal officers, deputy fiscal officers, and library directors who want to learn more about the roles and responsibilities of fiscal officers in a public library setting. This education can also serve as a valuable refresher for more seasoned fiscal officers. You will gain a better understanding of some of the duties of a public library fiscal officer and receive the latest information on library funding and key legislative issues impacting public libraries.

Topics include:

• OPERS definition of earnable salary
• How to properly handle a retire/rehire
• How to navigate OPERS employer contribution system
• How to meet the requirements for the PEDACKN Independent Contractor Forms
• How current state revenues affect recent Public Library Fund (PLF) distributions
• History of the PLF
• Legislative issues that impact public libraries
• Fund Accounting
• GASB 54
• Different audit options for different entities.
• How your library’s working budget and budgetary statements should be prepared.
• Ohio Compliance Supplement matrix — know what the auditor is going to ask you and what records the auditor is going to request
• Ensure compliance with laws and regulations that apply to public libraries.

Learning Objective:
Learn the latest information from OPERS and the Ohio Auditor of State Keith Faber’s Office as well as library funding and key legislative issues impacting public libraries.

Intended Audience: Public library fiscal officers, deputy fiscal officers and library directors.

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 no later than Sept. 10 (a password will be provided at the end of each session).

Ohio Public Library Core Competencies Addressed: Fiscal Operations and Organizational Awareness

Agenda:

9:00 – 9:10 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 -10:30 a.m. | OPERS Reporting and Library Reporting

Presenter: Ruth Morrison, 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 – 10:45 a.m. | Break

10:45 – 11:45 a.m. | History of the PLF – How Library Funding Works

Presenters:  Michelle Francis, Executive Director, Ohio Library Council; 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. – Noon | Break

Noon – 1:00 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.

1:00 p.m. | Adjourn