National Association of Auditors, Controllers and Treasurers

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National Association of Auditors, Controllers
and Treasurers
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Government Financial Literacy A 30,000 foot
view for Elected and Non Elected Officials, the
Media, and the Public

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Office of the Auditor General - State of Rhode
Island
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Financial Literacy
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Ernest A. Almonte CPA, CFE, CGFM Auditor
General
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Office of the Auditor General - State of Rhode
Island
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Financial Literacy Program
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• Target Audience
• FINANCE DIRECTORS AND STAFF
• ELECTED OFFICIALS
• MEDIA
• PUBLIC

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Office of the Auditor General - State of Rhode
Island
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Oversight/Accountability
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• Accountability, Accountability, Accountability
• Performance Audits
• Agreed upon procedure audits
• Financial Statement Audits
• Audit Committees
• Long Term Fiscal Challenges
• Goals and objectives tied to funding
• Public Hearings to address audit findings

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Office of the Auditor General - State of Rhode
Island
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Elected Officials
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• Certificate Program
• Budgeting
• Budget to Actual
• Bonding
• Pensions
• Internal Controls
• Accountability
• Audits

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Office of the Auditor General - State of Rhode
Island
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Media
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• Bonding
• Budgeting
• Budget to Actual
• Pensions
• Internal Controls
• Accountability
• Audits
• LONG TERM FISCAL CHALLENGES

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Office of the Auditor General - State of Rhode
Island
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Public
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Bonding Budgeting Budget to Actual Pensions Intern
al Controls Accountability Audits LONG TERM
FISCAL CHALLENGES

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Office of the Auditor General - State of Rhode
Island
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Other Finance Topics
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• Medicaid Funding
• Tax Collection Rate
• Pensions/Actuary Reports
• Rating Agencies
• Bond Issues
• School Funding
• Financial Review Boards
• Audit Committees
• COLAs/pension/OPEB

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Office of the Auditor General - State of Rhode
Island
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The Tipping Point Malcolm Gladwell
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• The Tipping Point is that magic moment when an
  idea, trend, or social behavior crosses a
  threshold, tips, and spreads like wildfire

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Office of the Auditor General - State of Rhode
Island
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The Tipping Point Malcolm Gladwell
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• Connectors
• Mavens
• Salespeople

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Office of the Auditor General - State of Rhode
Island
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Long Term Fiscal Challenges F/S/L
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• Compile list of challenges
• Develop white paper
• Develop power point presentation
• Develop speech
• Spread an educational program

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Office of the Auditor General - State of Rhode
Island
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AICPA 360 degrees of Financial Literacy
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• Life cycle financial issues
• Grassroots effort
• Great link for us to get involved

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Office of the Auditor General - State of Rhode
Island
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Conclusion
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THOUGHTS FOR YOUR CHECK OUT TODAY OR TOMORROW!
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Office of the Auditor General - State of Rhode
Island
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Questions?
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Office of the Auditor General - State of Rhode
Island
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Contact Information
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Ernest A. Almonte CPA, CFE, CGFM Auditor
General 1145 Main Street, Providence, RI
02860-4807 401-222-2435 email ernest.almonte_at_oag.
ri.gov website www.oag.ri.gov

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Office of the Auditor General - State of Rhode
Island