August 2017  

The Treasury

September 2017 | Volume XXII Issue X




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President's Report

The mission of AGA is to be the premier professional association in the advancement of accountability, transparency and leadership by promoting education, certification, innovation and collaboration across all levels of government and to stakeholders.

As the 2017-2018 AGA Montgomery Chapter President, I have the privilege of leading an extraordinary group of professionals in the execution of this mission. Together, we are working to “Serve OUR AGA with passion and purpose.”

During the summer planning meeting, the Chapter Executive Committee (CEC) came together to identify objectives and strategies that align with the AGA mission and serve the needs of our members. Please take a moment to review the list of CEC members and the calendar of events included in this month’s newsletter.

We are already off to a great start:

· Over 10 college students have joined AGA since July.

· Over 15 volunteers helped with the Lanier High School Clean-up Day.

· Over 25 participants attended the August Workshop on “The Generational Divide.”

· Over 70 people attended the September Luncheon.


Additionally, the Membership Committee participated in AUM’s annual “Meet the Firms” event.

The remaining months of 2017 are filled with exciting opportunities as well:

· In October, we have visits scheduled to Carver High School and Huntingdon College.

· We are kicking-off our annual Food Bank and Toys-for-Tots drives.

· In November, members will have the opportunity to earn 16 hours of CPE at our annual Fall Professional Development Training. This year’s training is being co-sponsored with the Institute of Internal Auditors (IIA).

· In December, the IIA and AGA are collaborating again to present an exciting professional development opportunity to our members.

In addition to schedule activities and programs, the chapter is making several administrative and support changes:

· The Executive Board updated policies and procedures and implemented new technology platforms.

· The Webmasters are working with the CEC directors to update the website.

· The Communications Director has enhanced the chapter’s social media platforms.

I am truly blessed to have such an amazing CEC board. We are working hard to ensure that everything we do is purposeful. It is important that the chapter’s objectives and strategies are aligned with the AGA mission. We are committed to executing our roles with passion. We love what we do and we want to demonstrate a genuine commitment to our stakeholders.

I look forward to a great year. Please feel free to contact me. Your membership matters.



Emma Cole

Montgomery Chapter AGA President

Serving OUR AGA with purpose and passion.

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CEC - Chapter Executive Committee

We want to congratulate all of our newly appointed Chapter Executive Committee (CEC) members for the new year and welcome our new Directors.

Meet your AGA Montgomery 2017-2018 Executive Committee!**


Emma Cole, President

Courtney E. Bruce, President-Elect

Marcus A. Johnson, Immediate Past President

Latreeka D. Williams, Treasurer

Ann Marie Franklin, Financial Secretary

Dixie Black, Secretary

Nicole Boswell, Assistant Secretary

Carmen Y. Leonard & Rosa Robinson, Co-Directors of Accountability

Natasha Jackson, Director of Audit

Kizzy Williams, Director of Awards & Nominations

Robert D. Smith, Director of Business Analytics

Alea DePaola & Margie R. Toney, Co-Directors of Bylaws and Procedures

Saketa Wilkerson Moore, Director of Career Opportunities and Resources

Yeteva M. Johnson, Director of Communications

Ashley T. McTear & Nakia E. Tetter, Co-Directors of Community Service

 Varee LaShawn Pierce & William Goodwin, Co-Directors of Education

Keren Deal, Kathleen Baxter, & Sandra SteeleCo-Directors of Leadership Engagement

Wanda M. Dillard & Tashundrea B. Patterson, Co-Directors of Meetings & Registrations

Vee Mosely & Jonathan L. West, Co-Directors of Membership

Abel Abebe & Mia Johnson, Co-Directors of Mentorship

Pamela R. Hill & Marcus A. Johnson, Co-Directors of Professional Certification

Nicole Boswell & Elizabeth James, Co-Directors of Programs

Carolyn P. Rhodes & Gregory T. Sims & Mary K. Wilson, Co-Directors of Scholarships

Roshanda A. McKinnon Raven McKinnon, & Tameka Weathers, Webmasters & Co-Directors of Technology


  **All contact information can be found on the chapter website,

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AGA Montgomery Chapter hosted a workshop titled Coexistence of Diverse Age Groups in the Workplace: Crossing the Generational Divide on August 24, 2017. The 4 hour workshop, held at the ABC Board on Gunter Park Drive, provided insight on how to bridge the generational divide through effective communication, team engagement, and other best practices.

To better engage and collaborate with the 5 different generations currentlyat work, attendees learned a few general descriptions and expectations from each generation.
  • Traditionalists (pre-1946) 
  • Baby Boomers (1946 – 1964) 
  • Generation X (1965 – 1976) 
  • Millennials or Generation Y (1977 – 1997) 
  • Generation Z (after 1997) 

The workshop atendees used interactive learning activities and dynamic presentations in order to learn the tools necessary to overcoming multi-generational challenges while championing collaborative work environments in their organizations.



On August 30, 2017, members of the Membership Committee participated in the Accountancy Day hosted by Auburn University Montgomery (AUM).  Facilitators Courtney Bruce, Harvey Farrior, Vee Mosely, Chad Counts, and Jonathan West spoke with roughly 50 students about the benefits of an AGA membership and also handed out multiple membership applications. This outreach was used as a means to recruit new members and market the Montgomery AGA Chapter. Jonathan West commented, " We were happy to see that multiple students were interested in State Government and AGA. There were also some that were already familiar with AGA."

Membership is the lifeblood of the chapter. In an effort to ensure we are meeting the needs of our members, please submit questions, comments, ideas, etc to the Membership Committee at


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 Nicole Boswell, Co-Director of Programs and Assistant Secretary, accepted the Chapter Recognition Award from Immediate Past President, Mr. Douglas A. Glenn. The Montgomery Chapter was awarded the Platinum Plague, the highest category. Each chapter president whose chapter reaches its goals is recognized during the Professional Development Training event held every year with a plaque denoting status attained for the year, among: 

Bronze: 12,000–14,500 credits 

Silver: 14,501–17,000 credits 

Gold: 17,001–19,500 credits 

Platinum: 19,501–25,000 credits

The purpose of these designations is to encourage chapters to participate in the Chapter Recognition Program at the level they feel comfortable with and to develop a continuity of sound leadership and programs. 

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                AGA Montgomery started with a BANG! at our first meeting on September 13, 2017. As we introduced (or re-introduced) the chapter and some of its programs to a crowd of over 70 attendees, included invited guests and partners. Guests were treated to words from Chapter President-Elect Courtney Bruce and insights from current AGA committees led by Co-Director of Programs, Nicole Boswell.  The group was also privy to some of the plans the Chapter Executive Committee (CEC) has been working hard on over the summer for the year ahead. AGA President Emma Cole closed out the event with a charge to the group and her mission for the year "Serve OUR AGA with Purpose & Passion!"                        

Special thanks to the following members for sharing their insights and committee presentations will us: Pamela R. Hill, Co-Director of Certifications; Ashley McTear, Co-Director of Community Service; Roshanda McKinnon, Co-Director of Webmaster and Technology and Latreeka Williams, AGA Treasurer.




Remember: There will be no meeting/luncheon in October!!!

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Calendar of Events



Upcoming Calendar of Events



•Carver High School Workshop

•Food Bank Drive Kick-off


•11/2 - 11/3 AGA Montgomery’s Fall PDT

•Toys for Tots Kickoff


•12/14 – GAFF

•12/14 – Joint Luncheon with IIA


•1/11 Joint Luncheon with ASMC

•AGA Workshop (TBA)

 February – Early Career Month

•Young Professionals Networking Event

•Navigation 2018 Conference

March – CGFM Month

• Chapter Luncheon

•CGFM Month Events


•Year-end Chapter Celebration


•Spring PDT Luncheon

(Includes Awards & Scholarship)


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Community Service






“Service is the rent we pay for the privilege of living on this earth.” 

Shirley Chisholm

The Community Service committee participated in a Campus Clean-Up event at Sydney Lanier High School on August 5, 2017.  The sixteen dedicated workers in attendance cleaned all the trophy cases in the main foyer, organized classrooms, cleaned the auditorium dressing rooms, etc. as we prepared the school for students and teachers alike. Due to the good AGA participation, the crew was able to make a very positive impact in the 3 hour period we were there.  But we could always use more help for this project in 2018 and others we have planned. 

The Community Service Committee is seeking members to participate in the committee’s projects and events. We are planning various projects around the river region and would love to have more helping hands. Future events and projects can be found on the Montgomery AGA website. If you would like to participate and become an active member in the committee, please contact Co-Directors Ashley McTear or Nakia Tetter at


View the complete calendar here:




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CGFM Committee


The CGFM Committee will meet via Skype on Tuesdays beginning September 26, 2017 at 7:30 PM to begin reviewing study guide 3, Governmental Financial Management and Control. We will start with Section 1, Financial Management Functions. The chapters we will review are Chapter 1, Cash Management, and Chapter 2, Investment Management. The tentative schedule is below. Remember, if you have not purchased your study guides yet, you can still attend the group.

You can search for Montgomery Chapter’s CGFM Skype profile by searching for the following email address, Please send us a message via Skype to let us know that you have selected the correct profile. If you have any trouble searching and friend requesting us, please contact me.

Additionally, if you know anyone who is interested in becoming a CGFM do not hesitate to have them contact us. If you have any questions or concerns, please contact us at .

Tentative Schedule

Tuesday, September 26, Section 1, Chapters 1 & 2

Tuesday, October 3, Section 1, Chapters 3, 4 & 5

Tuesday, October 10, Section 1, Chapters 6 & 7

Tuesday, October 17, Section 2

Tuesday, October 24, Section 3

Tuesday, October 31, No Class

Tuesday, November 7, Section 4

Tuesday, November 14, Section 5, Chapter 1

Tuesday, November 21, Section 5, Chapters 2 & 3

Tuesday, November 28, Review Sections 1, 2 & 3

Tuesday, December 5, Review Sections 4 & 5 

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Early Career

7 ways financial planners can better help Millennials

This generation seeks a blend of automation and a human element.

By Allan Kunigis 

July 17, 2017

With tech-savvy Millennials tending to take a self-directed approach with their money, many financial planners are adopting a service model that pairs automation with a human element, according to a recent report from Accenture.

Millennials are used to gathering information from multiple sources, known as crowdsourcing, and rather than just rely on expert advice, they value partnership in decision-making. This makes the "hybrid model" of service described in the report, The New Face of Wealth Management: In the Era of Hybrid Advice, a good fit, with its combination of access to automated information and consultation with a financial planner.

Along with different planning preferences, Millennials have different goals from earlier generations—a distinction financial planners should keep in mind.

"Our vision of wealth is the freedom to enjoy fulfilling, meaningful experiences, not the acquisition of expensive homes, cars, or other material goods," said Mark Astrinos, CPA/PFS, 33, of Libra Wealth in San Francisco.

So what should financial planners do to serve this important demographic? We asked a few experts for their advice:

Assess and bolster your technological capabilities. "To equip yourself to better serve self-reliant, tech-driven Millennials, do an assessment of your technology and automate anything that doesn't require judgment," Astrinos said. "This can free up your time to do higher-value activities that lead to better client service for Millennials and all clients."

Chris Benson, CPA/PFS, 35, of L.K. Benson & Co. in Towson, Md., prioritizes a nice website, videoconferencing capability, and a portfolio management system that can facilitate real-time instant access while meeting with clients.

"Automation can be a huge timesaver for you and support a better experience for the client, which is critical for financial planners," he said.

Digital technology––including web-based tools and applications––enables quick access, greater transparency, and self-service. That can complement the added value provided by human advisory services.

"When it comes to their money, people will always feel the need to talk to someone and be assured when things get scary," Benson noted.

Toss away old assumptions and paradigms. Millennials are different from previous generations in a number of fundamental ways, according to Kendra Thompson, managing director and head of Accenture's global wealth management practice.

"They look at friction points and move around them. While previous generations sat and listened to and respected an adviser's expertise, Millennials don't have the same respect for that power paradigm. They see an adviser in the same way they see anyone else serving them, and they want to be able to dip in and out of that with no long-term commitment," she said.

"Don't try and enforce yesterday's planning paradigm––designed for the Boomers––on Millennials, or you won't be in the conversation because they're playing by different rules."

Understand Millennials and their aspirations more deeply. We're witnessing a shift in consumption preferences, among other things.

"Millennials, including myself, no longer value the major big-ticket material items previous generations valued and sought," Astrinos said. "We're less interested in the million-dollar homes, large boats, and cars, and we put greater value on experiences, such as travel, recreation, self-development, and other personal interests."

These experiences may require less capital resources, but call on more personal resources, such as time, energy, skills, education, and health. Millennials tend to want to leverage both kinds of resources. To help Millennial clients, find ways to support them in their efforts to reach any goal, material, or experiential. For example, a special fund could be used to pay for a house down payment or an early career sabbatical or special vacation.

Shift your role from adviser to consultant/partner. To serve Millennials well, given all these factors, advisers should shift from the role of authoritative expert to more of a partner or mentor, collaborating rather than dictating. As such, a financial adviser's listening skills and sensitivity to individual client needs and priorities are more important than ever.

"You need to move to the same side of the table as them, be much more transparent, and be ready to dial up or down the level of service to meet the needs of your clients at that moment," Thompson said. "Also understand that you might be one of several sources of information as Millennials follow their familiar crowdsourcing or consensus-building pattern."

To become more of a sounding board or consultant, Astrinos suggested using more open-ended and collaborative questions, such as "What do you think we should do?" and "What are some possible solutions?"

Hone new skills, including empathy, creativity, and motivation. While financial skills will always be important, this brave new world of collaboration and letting Millennials drive the conversation underscores the need for advisers to polish and practice softer––but equally important––skills, including putting yourself in the client's shoes, finding creative solutions, and motivating and inspiring them.

Broaden focus to include more of the here and now. Honoring Millennials' priorities and perspective can mean putting retirement planning, while important, on the back burner initially as you build a relationship and address myriad other goals, Astrinos said. This is especially true for clients who are still in debt, may face cash flow issues, and may not have bought their first house yet, started a family, or reached other critical early adult milestones that call for financial planning. With more pressing needs, they think: "Why should I care about a financial goal 60+ years away?"

"Other generations focused a lot more on planning for the future and ended up forgoing many of the things Millennials are reluctant to give up," he said. "Millennials are less willing to defer their lives for some distant, unknown future."

But, of course, you shouldn't put off retirement planning forever. The Accenture report found that although Millennials were less concerned than Boomers and Gen Xers with "retiring comfortably," they still ranked it as their second-highest priority among 10 investment goals. But reflecting their more diverse goals, Millennials were more inclined than older investors to prioritize "having funds for important events in my life," and they said they are more willing to pay for the best advice possible.

Adapt to rapid change as an organization. With the changes being driven by Millennials, whose aggregate net worth globally could top $20 trillion by 2020, according to a Deloitte study, all financial planning and wealth management organizations must evolve or face the risk of being left behind.

Accenture's Thompson said the entire wealth management industry is moving rapidly. "The key is understanding how to stop doing things that are no longer valuable. The winning firms will be those with aggressive, differentiated strategies that are well-executed. In every interaction, you have to offer value, and that value must be mutually agreed upon by the firm and the investor."

Allan Kunigis is a freelance writer in Shelburne, Vt. To comment on this article, contact Chris Baysden, senior manager of newsletters at the AICPA.

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Education Committee



Montgomery AGA Training Events





November 2-3, 2017


16 Hours of CPE



RSA Activity Center

201 Dexter Ave, Montgomery, AL 36104

Registration Opening on September 27th





The Association of Government Accountants and The Institute of Internal Auditors

at this great training opportunity guaranteed to leave you changed.



Check our website for more details


National AGA Training Events


Members-only webinar:

Leverage LinkedIn to Up Your Reputation & Relevance

Sept. 28 | 2–3 p.m. ET | 1 CPE

Learn how to leverage LinkedIn to communicate your value, standout and do it

in a way that’s not bragging.

LinkedIn Webinar

Webinar: Auditing Relevance and Reliability of Performance Information

Oct. 11 | 2–3:50 p.m. ET | 2 CPEs

Learn criteria and best practices to assess relevance and methods that can be used to audit or assist an organization in ensuring they are using the right performance measures.

Auditing Webinar



Additionally, there is a new resource available for members


Enterprise Risk Management (ERM) has been considered a game-changer in how government agencies operate and are regulated.  AGA has compiled a list of resources and documents designed to give federal, state and local government officials a complete picture of ERM's past and present, and a glimpse at its future in government.

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Brain Candy

If Teresa's daughter is my daughter's mother, what am I to Teresa?


a. Grandmother
b. Mother
c. Daughter
d. Granddaughter
e. I am Teresa

Puzzle Icon


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Treasurer's Report

The Treasurer & Financial Secretary have introduced new procedures for AGA Montgomery funds:


·  Checks received will be recorded by the Secretary before being given to Treasurer to properly maintain written evidence.

·  Financial Secretary will approve ALL disbursement requests before routing to President for approval and Treasurer for payment. Final receipts must be submitted to Treasurer.

· The purchase of an additional laptop was recommended to allow for more effective and efficient AGA Montgomery use. One laptop will be dedicated strictly to financials and the other will be available for CEC members for AGA business. There will be a sign-in/out property receipt.

·  All committees are required to submit a budget.


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Until Next Time...

"Serving Our AGA with Purpose and Passion"

Emma Cole

 2017-2018 President



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