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Task force approves CFO survey draft; members set aggressive distribution timeline
Summary
Task force reviewed a CFO survey to collect narratives and definitions about reserves and days cash on hand; members urged a mid-September response target to compile preliminary findings for an October legislative briefing and the Nov. 30 statutory report.
Task force members reviewed a draft CFO survey designed to collect narrative context for dashboard numbers and standardize definitions (unrestricted cash and cash equivalents, days cash on hand, change-in-net-position). The survey includes open-ended questions about trends, drivers (federal stimulus, interest income), and forecasts over the next three years.
Members warned that the term "unrestricted" is not uniformly used across government types and asked auditors to provide clear definitions and to pull as many objective data fields as possible from audited financial statements to reduce respondent burden. The group discussed deadlines: members proposed a requested submission date in mid- to late-September so auditors and the study team can synthesize responses for an October interim legislative briefing; the group reiterated a statutory Nov. 30 reporting deadline to the executive appropriations committee.
Task force staff agreed to distribute the survey from the auditor's office, pursue outreach to large CFOs and provide follow-up to non-responders; members accepted that some smaller entities may respond late but emphasized getting the largest-balance entities' input.
