New CPE Rules for CPA's 

FOR CPAs: The North Carolina State Board of CPA Examiners changed the CPE rules effective January 1, 2020 for CPE completed in 2020 for the 2021-2022 license renewal that begins April 1 2021.

Big picture, two key messages:

1. CPE is now recorded in minutes rather than hours. Instead of 40 hours at 50 minutes each, the requirement is for 2,000 CPE minutes. This allows licensees to claim credit for all CPE minutes instead of having to round down time of less than half-hour increments. Nano Learning is a new thing!

2. The annual ethics minimum requirement has been reduced from two hours (100 minutes) to 50 minutes.

If you missed your January bulletin from NC State Board of CPA Examiners, there are details about these rule changes at nccapaboard.gov

NCGFOA is planning a 50 minute ethics session instead of a two hour session for the Spring 2020 Conference, and this session will start our day on Thursday instead of Wednesday. Watch for the registration announcement shortly!

Karen Mills
 

 

Profession related conference:

2020 ElectricCities Connections Summit (February 17th to 20th)

My Fellow Finance Directors,

I realize it can be hard to take time away from the office, but I wanted to be sure each of you have had the opportunity to check out the 2020 ElectriCities Connections Summit agenda, especially the Finance & Customer Service topics. It is my hope that you can join me at this event, this is a unique opportunity to gather with colleagues across the area.

There are five tracks (Finance & Customer Service, IT, Operations, Management & Workforce) plus some excellent general sessions. The full agenda is available online HERE, and the finance & customer service track features:

  • Financial Assessment for Sustainability A utility’s overall financial health can help ensure its current and future ability to provide reliable service to customers.
  • The Newest Strategies for Optimizing Collections Customer engagement plays a significant role in collections.
  • What’s in Your Piggy Bank? This session discusses the importance of a formal cash reserve policy and how it can relate to the overall health of the electric fund.
  • Key Lessons for Key Accounts In this session, attendees will hear more about this critical customer segment, including important components of a key accounts program and tried and true methods for effectively managing these most valuable accounts.
  • Leveraging Technology to Improve Customer Service and Efficiency More and more organizations are using technology to improve customer service and efficiency. In this session, attendees will learn how municipalities large and small are doing just that.

It has been a pleasure working as co-chair for the Finance & Customer Service track, and I hope that you find the agenda and topics timely and relevant!  The full conference details and registration information is on the ElectriCities website, but also linked here: https://www.electricities.com/news-events/connections-summit/

Sincerely,

Vance Holloman

Finance Director

Town of Apex