When

Monday, June 19, 2017 from 9:00 AM to 2:00 PM EDT
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Where

Worcester Community Action Council
Denholm Building
484 Main Street, 2nd Floor Board Room
Worcester, MA 01608

Driving Directions

Contact

Jess Benedetto
Massachusetts Association for Community Action (MASSCAP)

jessbenedetto@masscap.org

Uniform Financial Report: Insights, Strategy, and Preparation Techniques

Cost: $75

Target Audience: CFOs, fiscal staff, executive directors, deputy directors

The Uniform Financial Report (UFR) is filed by all non-profits providing social services which are funded directly or indirectly through state sub-contracts, and provides a public profile of the agency’s operations. Preparing and submitting the report is time consuming and requires compliance with state regulations and ever-changing instructions. Participants in this session will learn:

� The types and definitions of UFR programs based on regulations, Chapter 257, and express EEC

instructions for child care.

� Correct presentation of child care related food service and voucher revenue.

� Need for correlation of chart of accounts segment structure to UFR programs

� POS revenue classification and related contract information

� Proper presentation of restricted contribution revenue

� Best practices for presenting cost reimbursement programs

� Correct treatment of temporarily restricted net assets

� The requirement for allocating administrative non-reimbursable expense

� Relationships between program revenue and service statistics

� Available analytical tools (the Excel Add-in) and the UFR areas it checks

� Trial balance preparation methods using standard Excel procedures such as coding, pivot tables,

departmental allocations, and adjustments

� Availability of special UFR preparation tools

Presenter: Claude Boudwin, UFR Consultant

Cost: Free

Target Audience: Program directors, asset development staff

Join the MASSCAP Asset Development Round-table for a special presentation by the SeedMA program on Children's Savings Accounts and learn about exciting initiatives happening around the state.

Over 1.3 million American children born each year – and more than half of minority children – are born into families with negligible savings to invest in their futures. Children’s Savings Accounts (CSAs) have the potential to expand educational and economic opportunity for low- and moderate-income families. Research indicates that low- and moderate-income children with college savings of just $500 or less are three times more likely to enroll in college and four times more likely to graduate! Moreover, family ownership of assets can give children a transformative sense of possibility and hope for the future.