GFOA of N.J. 2016—2017 Leadership

Treasurer

John Antonides

CFO, Tax Collector,

QPA

Township of Colts Neck

Colts Neck, N.J.

Secretary

Gabriela V. Dos Santos

CFO

Town of Harrison

Harrison, N.J.

Northern Area Chair

Joseph A. Kovalcik, Jr.

County Treasurer

Morris County

Morristown, NJ

Central Area Chair

Natasha Turchan

CFO

Bridgewater Township

Bridgewater, N.J.

Southern Area Chair

Thomas Merchel

CFO

Moorestown Township

Moorestown, N.J.

Executive Director

Michael K. Drulis

President

Douglas A. Petix

CFO

City of New

Brunswick

New Brunswick, N.J.

Immediate Past President

Jason Gabloff

CFO

Millburn Township

Millburn, N.J.

1st Vice President

Jon Rheinhardt

Administrator/CFO,

QPA

Wharton Borough

Wharton, N.J.

2nd Vice President

Gerry Seneski

Treasurer

Cumberland County

Bridgeton, N.J.

3rd Vice President

Joseph Monzo

CFO/Dep Twp

Manager

Township of South

Brunswick

Monmouth Junction,

Since 1937, the GFOA of NJ has been a professional association of government

finance officers working together to enhance and promote professional

management of government for public benefit. The GFOA of NJ’s membership

includes those working in state, county, and municipal government, school

districts, the public employee retirement systems, libraries, federal agencies,

investment banks, and accounting, law, and consulting institutions.

GFOA of NJ | 308 West State St., Trenton, NJ 08618 | gfoanj.org |

info@gfoanj.org | P: 973.423.3415 | F: 973.778.0270

Government Finance

Officers’ Association

of New Jersey

2016

Annual Fall

Conference September 21-23, 2016

Welcome to the GFOA of NJ’s 2016

Annual Fall Conference

Thank you for participating in your Government Finance Officers’ Association of

NJ’s (GFOANJ) Annual Fall Conference.

Through member support the GFOANJ continues to thrive as New Jersey’s premier

statewide association of Finance Officers. The GFOANJ Conference Committee

went through incredible efforts to develop a completely new speaking program and

networking format for our members. Please take a moment to review all offerings in

advance as there is so much new to learn and do and I wouldn’t want you to miss a

thing!

Throughout the event please reference your conference course materials and the

GFOANJ.org website. Save this program as it contains important course information

that relates to your credits from this conference. Your profile will be populated with

credits based on your sign in over the next three days. On or before Friday, October

14, 2016, credits in your profile will be updated and you will receive a .pdf version of

your participation in a certificate form via email. Stay tuned for additional

membership benefit functionality!

The only way to receive credits for participation in classes is to scan your badge as

you enter the classroom. Mis-scans or no scans will not be credited and cannot be

adjusted after the conference. WE VALUE YOUR OPINION! Please visit gfoanj.org

following each presentation to provide your evaluation of each session.

This event and others only occur through our exhibitors’ generous support. And, our

exhibitors are very in tune with the needs of finance officers and provide cutting edge

and useful solutions. Please be sure to visit with them and participate in our exhibitor

game. All participants who complete the game win a prize!

We are standing by at the registration table to be of complete assistance.

Michael K. Drulis

Executive Director

GFOA of NJ

Page 2

Your GFOA Offers Scholarship Opportunities!

Each year the Government Finance Officers Association of New Jer-

sey (GFOA of NJ) offers scholarships to students based on financial

assistance and academic performance. GFOA of N.J. scholarships

are to encourage and promote the advancement of education by

providing scholarships and other assistance in institutions of higher

learning to children of deceased or disabled persons who have

worked in government within the State of New Jersey.

Students can receive up to $2,500.00 per individual, per year.

If you know someone that would be eligible please have them apply.

For more information and to apply online please visit our website at

gfoanj.org and click on keyword “scholarship.” Don’t hesitate, apply

today and encourage eligible family and friends to do so as well!

Page 3

WEDNESDAY, SEPTEMBER 21, 2016

Conditions of the NJ Pension System (13539-1)

CMFO—1 FDM, CCFO—1FDM, CTC—1 General, RMC—1 Finance, QPA– 1 Office

Admin, CPWM– 1Government, CPA/RMA/PSA—1 Management “How We Have Helped You” (13539-2) CMFO—1 OM, CCFO—1 OM, CTC—1 Legislative, RMC—1 PD, QPA—1 Office

Admin, CPWM—1 Government, CPA/RMA/PSA—1 Management, RPPO/RPPS—1

Mangt/Sup What to Expect Now that You’re a Finance Officer (13539-3) CMFO– 1 OM, CCFO—1 OM, CPA/RMA/PSA—1 Management True Best Practices (13539-4) CMFO—1 Budget, CCFO—1 Budget, RMC—1 Finance, QPA—1 OA, CPWM—1

Government, CPA/RMA/PSA—1 Acct/Auditing, RPPO/RPPS—1 Mangt/Sup What’s the Best Way to Get Your Message Across to the Public (13539-5) CMFO– 1 OM, CCFO—1 OM, RMC—1 PD, QPA—1 OA, CPWM– 1 Government,

CPA/RMA/PSA—1 Management, RPPO/RPPS—1 Mangt/Sup Ethical Pitfalls of Outside Employment (13539-6)

CMFO– 1 Ethics, CCFO—1 Ethics, CTC—1 Ethics, RMC—1 Ethics, QPA—1 Ethics,

CPWM—1 Ethics, CPA/RMA/PSA—1 Ethics, RPPO/RPPS—1 Ethics Prison Location Alternatives (13539-7) CMFO—1 Budget, CCFO– 1 County Fiscal Operations, RMC—1 Finance, CPWM– 1

Government, CPA/RMA/PSA—1 Management How to Make the Most of Excel (13539-8) CMFO—1 Info Technology, CCFO—1 Info Technology, CTC—1 Info Technology,

RMC—1 Info Technology, QPA—1 Info Technology, CPWM—1 Info Technology,

CPA/RMA/PSA—1 Specialized Knowledge, RPPO/RPPS—1 Mangt/Sup

THURSDAY, SEPTEMBER 22, 2016

Top 5 Areas CFO’s Need to Improve (13539-9) CMFO– 1Accounting, CCFO—1 Accounting, CPA/RMA/PSA—1 Acct/Auditing Fiscal Realities of Shared Services (13539-10) CMFO—1 Budget, CCFO—1 Budget, RMC—1 Finance, CPWM—1 Government,

CPA/RMA/PSA—1 Management Alternative Investments (13539-11) CMFO-1 FDM, CCFO—1 FDM, RMC—1 Finance, CPA/RMA/PSA—1 Management “My Software Does That?” (13539-12)

CMFO-1 Accounting, CCFO—1 Accounting, CPA/RMA/PSA—1 Management Enterprise Funds—Making Them Work For You (13539-13 CMFO-1 FDM, CCFO—1 County Fiscal Operations, CPA/RMA/PSA—1 Management How to Prepare for Arbitration (13539-14) CMFO-1 Budget, CCFO—1 Budget, RMC—1 Finance, CPWM—1 Government, CPA/

RMA/PSA—1 Management Ethical Issues with Redevelopment (13539-15) CMFO– 1 Ethics, CCFO—1 Ethics, RMC—1 Ethics, CPA/RMA/PSA—1 Ethics Tools to Modernize Your Office (13539-16)

CMFO—1 Info Technology, CCFO—1 Info Technology, CTC—1 Info Technology, RMC—1 Info Technology, QPA—1 Info Technology, CPWM—1 Info Technology,

CPA/RMA/PSA—1 Specialized Knowledge, RPPO/RPPS—1 Mangt/Sup

FRIDAY, SEPTEMBER 23, 2016

Current State of the Economy (13539-17) CMFO—1 FDM, CCFO—1FDM, CPA/RMA/PSA—1 Management Fema Purchasing Broken Down (13539-18)

CMFO—1 OM, CCFO—1 OM, RMC—Finance, QPA—1 Procurement Procedures, CPWM—1 Government, CPA/RMA/PSA—1 Mangt, RPPO/RPPS—1 Public Purchasing The Ins and Outs of Fema Reporting (13539-19)

CMFO-1 Budget, CCFO—1 Budget, RMC—1 Finance, CPWM—1 Management, CPA/RMA/

PSA—1 Management

Free WIFI will be available during classes. Presentations are available for viewing or to

download at http://www.gfoanj.org/?page=Conference

Page 4

Drawing on more than a century of experience, public finance professionals have widely come to

view the GFOA Annual Conference as the one truly “must-attend” professional development

event of the year.

WHY ATTEND?

Concurrent sessions. A rich array of concurrent sessions covering a broad range of topics

allowing participants to tailor their conference experience to their own needs and

circumstances.

Preconference sessions. Special preconference sessions provide an opportunity to explore

selected topics of special interest in even greater depth.

Discussion groups. Meet peers and discuss topics relevant to specific types of

organizations, such as school districts, utilities, large governments, small governments, and

the next generation of finance officers.

Networking opportunities. Make the contacts you need to build new relationships and

cement existing relationships.

CPE credit. Earn more than 20 CPE credits, most of it directly relevant to government, with

even more credits available for those who elect to participate in preconference sessions.

GFOA INTERNATIONAL—MAY 21-24, 2017

“ I just wanted to drop you a line to thank you for giving me an incredible experi-

ence. At the 2014 Fall Conference I was lucky enough to win registration to the

GFOA conference in Philadelphia in 2015. I had never been to a National GFOA

conference before and I thoroughly enjoyed myself. The attendees numbered in

the thousands. My guest Addie Schmidt and myself met people from all over, Texas, Alaska, Oklahoma, Virginia and even Canada. It was interesting speaking

to them and to learn how they do things in their own towns. The sessions were

interesting and informative and the speakers very good. I would highly recom-

mend attending by anyone who can spare the time and expense.”—Veronica M.

Gitto

Your GFOA has big plans in 2017!

Please plan to participate in the upcoming 2017 GFOA Member Events!

GFOA of NJ Mini Conference, Spring 2017 – A one-day highly topical

approach packed with CEU’s tailored to the needs of today’s Finance Of-

ficers.

NEW! GFOA of NJ Networking Activity, Summer 2017 – A networking

and information sharing event for Finance Officers and those who provide

the necessary support of their operations.

GFOA of NJ, 2017 Annual Fall Conference, September 20-22, 2017 –

Plan early and take advantage of early bird pricing and great room rates at

the Golden Nugget, Atlantic City, NJ.

Moody's Investors Service, Inc.

7 World Trade Center

at 250 Greenwich Street

New York, NY 10007

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the par-ent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $3.5 billion in 2015, employs approximately 10,800 people worldwide and maintains a presence in 36 countries. Further information is available at www.moodys.com.

Page 5

Page 6

President’s Message Members of the GFOA of New Jersey:

Welcome to the Golden Nugget Casino Hotel Resort for the 2016 GFOA of New Jersey Fall Conference! I hope that this new venue proves to be both an enjoyable

and educational experience for you.

If I had to pick an unofficial theme for this year’s conference, it would be a quote from the British Statesmen, Benjamin Disraeli, ”Change is inevitable. Change is

constant”.

As some of you may know, moving from the Sheraton Atlantic City Convention Center Hotel was not in the original “playbook” for this year’s conference. After 18

years of hosting our conference at the Sheraton, the Sheraton management made

changes that affected our conference date and overall higher pricing for this and for years to come. This required the Executive Committee to investigate other options.

As the Atlantic City market is constantly changing, the timing was fortuitous.

Under the direction of our Executive Director, Michael Drulis and the Chair of the Fall Conference, Jon Rheinhardt, the committee visited four comparable hotels to

see who could best accommodate our needs and who was the most interested in our business. The committee was most impressed with the Golden Nugget’s staff,

facilities, and prices. The owner of the Golden Nugget had recently upgraded the hotel rooms and meeting rooms and the hotel offered a number of additional

amenities at a fair price.

The Fall Conference Committee insisted on bringing the concept of “change” into all aspects of the 2016 Conference. As you can see, we have all new speakers and

topics scheduled, as well as, a new perspective on all of our social events.

Just as we are constantly pushed to adapt to changing regulations and requirements in our positions as Chief Financial Officers, we as an association are constantly

being called upon to assist with, and provide input into, changes in legislation and regulations and we are constantly challenged by changes in our roles as educators

and trainers.

The GFOA of New Jersey welcomes the challenges that change demands and we also encourage your suggestions for change. If you have suggestions, or wish to

become more active in the GFOA, please feel free to approach one of the Members of the Board or me throughout the conference.

I thank you for this opportunity to serve as your President for another year and I

look forward to the inevitable changes and challenges it will bring. Enjoy the 2016

Fall Conference!

Sincerely,

Douglas A. Petix President – GFOA of New Jersey

GFOA of NJ 2016 ANNUAL FALL

CONFERENCE EXHIBITORS

Action Data Service MGL Printing Solutions

Aflac Moody’s Investors Service

All Covered Municipal Software Inc.

Axa Advisors Munidex, Inc

Axa Equitable Nationwide Retirement Systems

BLX Group LLC NJEIT

Capital Benefits, LLC PFM Asset Management

Capital One Bank Phoenix Advisors

CASA Payroll PNC Bank

Cit-e-Net, LLC Primepoint HRMS & Payroll

Colonial Life Provident Bank

CSBK Real Auction.com

Edmunds & Associates Retirement Plan Advisors

Insync Municipal Systems-First

Byte

Rutgers University

Intersoft Technologies, Int’l Santander Bank

Investors Bank TD Bank

Invoice Cloud Valley National Bank

Lakeland Bank Wells Fargo Bank

Lincoln Financial Advisors Xtel Communications

Page 7

GFOA of N.J. 2015—2016 Leadership

President

Douglas A. Petix

CFO

City of New Brunswick

New Brunswick, N.J.

Immediate Past President

Jason Gabloff

CFO

Millburn Township

Millburn, N.J.

1st Vice President

Cynthia Lindsay

Comptroller/Assistant

CFO

City of Atlantic City

Atlantic City, N.J.

2nd Vice President

Jon Rheinhardt

Administrator/CFO/

QPA

Wharton Borough

Wharton, N.J.

3rd Vice President

John Antonides

CFO/CTC/QPA

Treasurer

Paula G. Doll

CFO, Treasurer

Sea Isle City

Sea Isle City, N.J.

Secretary

Catherine S. Hender-

son

CFO

Borough of Emerson

Emerson, N.J.

Northern Area Chair

Joseph A. Kovalcik,

Jr.

County Treasurer

Morris County

Morristown, NJ

Central Area Chair

Joseph Monzo

CFO/Dep Twp Man-

ager

Township of South

Brunswick

Monmouth Junction,

N.J.

Southern Area Chair

Gerry Seneski

Treasurer

“ The Report” is the published Quarterly Newsletter

of the GFOA. It is filled with timely discussions

around public finance, governmental budgeting and

many other topics! Members can find interesting and

pertinent articles as well as upcoming events, GFOA of

NJ news, and bylaws changes. The GFOA also publishes

an Annual Report which highlights the year’s activities

and achievements outlined through the many committees

within the organization.

Can you guess what it is?

New game this year. All submissions will receive a prize

The new game is called “What Am I?” Each vendor will have one hint that will help determine what the object in question is. Each registered CMFO attendee will receive a sheet where they can write down hints that they will have received from each vendor. In addition to providing the hint, the vendor will need to stamp the sheet. Conference registrants who fully participate in the GFOA Exhibitor Game,

and turn in their sheet to the registration table by Thursday at 12:30 PM,

will be placed in a drawing for a registration to the GFOA International

Conference in Denver, CO May 21-24, 2016! Two registrations will be made

available for this contest.