Local Government Financial Reporting: Capital Assets, Debt, Pensions, and Revenue Recognition

Instructor:  Jennifer CruverKibi

Jenn CruverKibi, CPA, CGFM is a Partner at Maher Duessel with over 20 years of experience in governmental accounting and auditing. Known for her passion for the profession, Jenn brings deep technical expertise and a genuine love of teaching to every client engagement and classroom she leads.

This session is designed to be interactive. To encourage open discussion and active participation, this session will not be recorded. Come prepared to turn on your camera, share your thoughts, and participate in the conversation. Your experiences and insights will help make the learning meaningful for everyone.

Course Description

Beyond the Basics: GASB 34, Interfund Activity, Receivables, and Long-Term Liabilities

Governmental accounting professionals are expected to navigate increasingly complex reporting requirements while ensuring accurate, compliant financial statements. This course provides practical guidance on key accounting and financial reporting areas that often present challenges during financial statement preparation and audits, including revenues, capital assets, long-term debt, pensions, and OPEB liabilities.

Participants will gain a stronger understanding of how these transactions affect both fund and government-wide financial statements under current GASB standards. Whether you prepare financial statements, support the audit process, review accounting records, or want to deepen your governmental accounting knowledge, this course will help you improve reporting accuracy, strengthen compliance, identify common problem areas, and better understand the financial statement impacts of day-to-day accounting decisions.

Attendees will leave with actionable knowledge and practical insights that can be immediately applied to governmental accounting and financial reporting responsibilities.

Key Topics

• Fund types, basis of accounting, and GASB 34 financial statements
• Interfund activities
• Tax and utility receivables and related revenue
• Capital assets accounting and reporting
• Long-term debt and accruals
• Pension and OPEB liabilities

Who Should Attend

• Government Accountants & Finance Professionals
• Managers
• Controllers
• Fiscal Officers
• Auditor
• Others responsible for preparing, reviewing, or analyzing local government financial information

By the end of this course, participants can expect to be able to:

1. Apply GASB 34 reporting requirements
2. Account for receivables, revenues, and interfund activities
3. Report capital assets and long-term liabilities
4. List and define pension and OPEB reporting requirements
5. Identify common governmental financial reporting issues and their financial statement impacts

---

Registration

• Send a message to lla@pml.org for group rates for 10 or more registrants
• By registering for this course, you are authorizing the League Learning Academy to forward information to you at your email address related to educational offerings.
• Once your registration is completed, you should receive a confirmation email from The PA Municipal League. It contains the zoom link to the course. If you do not receive an email, check your spam folder.
• Participants must attend the entire 6-hour session to earn a course certificate.

Cancellation & No‑Show Policy

• Cancellations must be submitted in writing at least 72 hours before the class to receive a full refund.
• Cancellations after 72 hours may receive a partial refund, minus a processing fee.
• No‑shows or failure to cancel will forfeit the full registration fee