Executive-Level Federal Financial Management Seminar Explains Link Between Real Property and Fiscal Accountability Panelists Include Top Executives from GSA, DoD and Private Industry
Herndon, VA (3 MARCH | 2006) - On May 3 in Washington, DC, a professional development seminar geared toward senior federal financial managers will provide insight into current legislative and regulatory initiatives that demand a greater understanding of agencies' real property assets in the context of better financial reporting.
"Top Financial Performance: Real Property Management In the Era of Full Accountability" will be held Wednesday, May 3, from 8:00 AM to 10 AM, at the City Club of Washington at Franklin Square (1300 I Street, NW Washington, DC 20005).
Over the past 24 months, there has been a convergence of requirements and regulations related to financial disclosure controls and procedures. Executive Order 13327 (part of the President's Management Agenda), OMB Circular A-123, General Accounting Services Board Statement 34, and similar regulations require improved reporting on assets and their use - with an emphasis on fixed assets such as real property.
Government organizations must understand the role real property holdings play in their overall financial performance, and the full cost of implementing organizational missions. Real consequences will be imposed on those that cannot demonstrate that level of competence.
"This is a critically important topic for today's financial managers, for whom real property holdings have long been seen as nothing more than a bill to pay," said Ray Summerell, VP of Corporate Development for VISTA, a leading provider of real property asset management and consulting services. "Executives responsible for financial decisions across a broad federal organization will gain important professional development advice from the government and industry experts on hand at this informative seminar."
Confirmed panelist for the Top Financial Performance Seminar include:
- Stan Kaczmarczyk, Deputy Associate Administrator, Office of Real Property Management, General Services Administration
- Lora Muchmore, Deputy Director, Business Transformation, Office of the Deputy Under Secretary of Defense
- Joe Kull, Director of Federal Financial Management Services in the Washington Federal Practice of PriceWaterhouseCoopers
- David Baxa, President and CEO of VISTA
"Real property management is the foundation of full financial accountability," explained VISTA's Summerell. "A better understanding of how real property relates to financial operations can enable any organization to improve cash flow, minimize waste, and optimize workplace efficiency and utilization.
"Financial managers attending this seminar will learn what organizations like theirs are doing to comply with these federal initiatives," Summerell added. "Similarly, they will gain an understanding of how their agencies' budgets may be affected by new reporting requirements regarding real property holdings - and what Congress may be doing to help."
Seating for this May 3 seminar is limited to the first 50 people who respond. Reservations may be made by contacting kimberly.price@vistatsi.com.
About VISTA
VISTA transforms real property from a must pay bill to a bottom line benefit. VISTA eliminates unnecessary spending in real property, delivering at least 100-to-1 return on investment in its management, information technology and real property consulting services. By comparing an organization's mission, budgets, workforce trends and owned or leased property, VISTA creates solutions that cut costs, eliminate waste and improve workplace efficiency. For more than 20 years, VISTA has enabled its clients to become leaders in complying with real property regulations and legislation - protecting their cash positions while becoming more fiscally responsible. For more information, visit www.vistatsi.com.
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