, 

I would just like to take a moment to tell you what a pleasure it is to have you as a member with CMRTA. At the State Board Meeting in March 2020 we were hopeful to put on our Annual Conference in November of this year. As you may have read in the last newsletter due to uncertain times we have cancelled the conference. I am hopeful that we will be able to stay connected through the year until we can all meet again in November 2021. I am proud and honored to be your President during these times and look forward to what is to come in the next few months.

The State Board will be meeting virtually in the coming weeks to determine our next steps. Since we will not have our conference this year that also means no annual meeting. There will be some business that needs to be voted on so we will be doing that via email. More details will come following the State Board meeting. In the meantime I hope you enjoy this issue of Revenues. 

Onward,

Ricky Hawblitzel
President, CMRTA

In This Issue...

Legislation Updates

MuniServices and HdL both provide periodic legislative legislative updates to share with CMRTA members. Please visit https://www.cmrta.org/legislation-updates to learn more about legislation and how it can affect our industry.

Free Webinars

Since we are limited on hosting in person meetings and conferences this year the State Board is looking to offer free webinars starting in October 2020. If you have any suggestions on topics please submit your suggestions https://forms.gle/TN7YrxxGY7xE1EcV8 and we will take all ideas into consideration.

The More You Know...

Government accounting refers to the process of recording and the management of all financial transactions incurred by the government which includes its income and expenditures.

Various governmental accounting systems are used by various public sector entities. In the United States, for instance, there are two levels of government which follow different accounting standards set forth by independent, private sector boards. At the federal level, the Federal Accounting Standards Advisory Board (FASAB) sets forth the accounting standards to follow. Similarly, there is the Governmental Accounting Standards Board (GASB) for state and local level government.

(source: https://en.wikipedia.org/wiki/Governmental_accounting)
California Municipal Revenue & Tax Association