ICGFM Promotes Knowledge Transfer Among Public Financial Management Experts
Working globally with governments, organizations, and individuals, the International Consortium on Governmental Financial Management is dedicated to improving financial management by providing opportunities for professional development and information exchange.
Monday, September 26, 2016
ICGFM DC Forum Luncheon, October 5, 2016 - How a Deficit-Plagued District of Columbia was Transformed
A first-hand account of:
· How the District was transformed from a deficit-plagued, junk bond rated jurisdiction with $550 million negative fund balance into a financially healthy municipality with a string of balanced budgets and a fund balance of $1.5 billion at the end of 2013, and
· How the District secured multiple rating upgrades (a total of 13 rating steps since FY2000) from the major rating agencies for its general obligation bonds, which are currently rated A+ by Standard and Poor’s, AA- by Fitch Ratings and Aa2 by Moody’s Investors Service.
1779 Massachusetts Ave., NW