Performeter and GASB Updates

The Performeter is an analytical tool that takes a government’s financial statements and converts them into useful and understandable measures of financial performance. The Performeter uses financial ratios and a copyrighted analysis methodology to arrive at an overall rating of 1-10, which indicates the overall financial health and performance of a government. Since 2002, PITI-VITI has been developing Performeters annually for each of the insular areas. As a result, multiple years of cumulative data is now available for each government. In addition to being able to track overall scores, the Performeter can also be used to track individual trends within ratios: Net Position, Fund Balances, Revenue Dispersion, Intergenerational Equity, etc. This session will describe the Performeter tool, highlight recent results by insular area, and consider next steps for island governments' financial health and performance.

 

This session will also take a detailed look into more recent GASB standards that have been issued and are either applicable or will be in the near future, including GASB 87 on Leases, GASB 96 related to Subscription-Based Information Technology Arrangements (SBITA), Statement 94 on Public-Private or Public-Public Partnerships (P3s), Statements 100-103, and including the financial reporting model improvements. In addition, this session will take a look at the future of standard-setting and where the GASB will most likely be going next.

What You Will Learn

Learning Outcomes:

• Describe the Performeter tool
• Review recent results by insular area
• Review next steps for island governments'  financial health and performance.
• GASB Updates! In addition, participants will take a look at the future of standard-setting and where the GASB may be going next.

Who Should Attend

APIPA conference sessions are intended for island government accountability professionals.  Audit, budget, finance, accounting, and related management and staff members will find interest and value in this presentation.

Health & Safety Protocols

For all on-site training in the insular areas, the Graduate School USA's Pacific and Virgin Islands Training Initiatives (PITI-VITI) works closely with local training hosts to ensure that participants, instructors, and training support staff enjoy a safe learning experience. Please note the following:

• Full details of PITI-VITI's health and safety guidelines are available here.
• Local health and safety guidelines for the government of Palau, which will be hosting this training, is available at http://www.palauhealth.org/.
• Please contact PITI-VITI Admin at [email protected] with any questions or concerns.