1. Government Finance Officers Association of Arizona 2007 Annual Report Thursday August 9, 2007 President Stacey Lemos

2. Notable Achievements Membership –Welcomed 79 new members (July 1, 2006 - June 30 2007) –403 members ListServ –Launched June 2007 to facilitate information exchange among our members –Since launch, over 70 members have since signed up for this opt-in service.

3. Notable Achievements Conference Attendance –189 members - 2007 Annual Conference –148 members - 2006 Summer Training Continuing Professional Education Program –69 members - Budget Forecasting Forum –66 members - Redevelopment Forum –85 members - ABC’s of Financing –220 members - Total Attendance CPFO Exam –GFOAz will be hosting the CPFO Exams for interested members at the League of Arizona Cities and Towns, November 2, 2007.

4. Scholarship Program & Awards Professional Development Scholarships –Last year, GFOAz doubled the number of professional development scholarships offered to members –Seven scholarships ($500 each) are available to members interested in continued professional development see website for details

5. Scholarship Program & Awards Advanced Government Finance Institute –GFOAz provides one scholarship each year for one of our members to attend this program in Madison, Wisconsin. –The 2007 AGFI scholarship recipient was Julie Buelt, Financial Analyst for the City of Chandler.

6. Highlighted Projects for 2007-2008 The Board of Directors is working to develop a partnership with ASU and GFOA to discuss the feasibility of creating an Arizona Government Finance Institute similar to the AGFI Program offered in Madison, Wisconsin.

7. Highlighted Projects for 2007-2008 GFOAz is looking to provide additional scholarship opportunities to our members to attend training sessions and conferences, expanding the information available on the GFOAz website and developing a two-year training plan for continuing professional education opportunities.

8. Highlighted Projects for 2007-2008 The Board of Directors authorized the development of the GFOAz Operations Handbook that will capture organizational knowledge and help GFOAz staff provide a consistent level of service to the association and to the membership.