AAFCPAs to Present Financial Changes, Challenges & Opportunities at CAFCA Conference

AAFCPAs Partner Robin Kelley, CPA, CGMA, in collaboration with the Connecticut Association for Community Action, Inc. (CAFCA), will present two interactive, finance best practices workshops for Community Action Agency Finance Directors and staff at CAFCA’s 2015 Connecticut Community Action Agency Conference on October 9, 2015 at the Hartford Marriott Farmington, Farmington, CT.

Liquidity and Organizational Stability | 9:00-10:30 am

Robin will analyze financial health through the lens of a CAA’s balance sheet. Using a sample set of nonprofit financial statements as a guide, participants will analyze the components of an organization’s capital structure, looking specifically at liquidity. We will include a focus on what liquidity is, how it is calculated, and what benchmarks CAAs should be working toward.

Cost Allocation Troubles and Tips | 1:45-3:15 pm

Navigating the cost allocation landscape can be extremely challenging, especially for CAAs who do not have a federally negotiated indirect cost rate. Robin will pinpoint common cost allocation mistakes, and offer practical strategies which may be implemented to avoid or correct them. Topics include: common cost allocation practices that may result in findings; what compliant plans contain; allowable and unallowable cost allocation methods; Personnel Active Reports (PARS); and dealing with administrative cost limits.
When:
October 9, 2015
8:00 am – 3:15 pm
Where:
Hartford Marriott Farmington
15 Farm Springs Rd, Farmington, CT 06032