PIE Webinar: Go Green With GASB 62!
Thursday, April 25, 2019
1 p.m. - 2:30 p.m. CDT
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Investments in distributed water strategies, including conservation/restoration projects and green infrastructure, can generate both water quality and flood loss reduction benefits. However, these initiatives are usually limited in scope and scale as they are funded as "annual expenses" in accordance with conventional accounting rules. Recently, those accounting rules have been expanded to make it easier for cities, towns, and other public entities to finance decentralized projects. The General Accounting Standards Board (GASB)'s Statement 62, along with the new 2018 Implementation Guidance, provides a path forward for public utilities opting to capitalize expenses in distributed infrastructure. This new guidance has the potential for unlocking millions in new investment for funding green infrastructure and stormwater solutions, jumpstarting greater community resilience.
ASFPM Executive Director Chad Berginnis, will moderate as Cynthia Koehler, executive director of the Water Now Alliance, and Janet Clements, an economist with Corona Environmental Consulting, discuss this new implementation guidance and its potential impacts. Specifically, the webinar will discuss:
- How the new GASB Guidance can support green stormwater infrastructure
- What you need to know to take advantage of the opportunity to use capital to scale up investment in decentralized projects
- Case studies from around the country where communities are starting to invest in decentralized systems
- Tap into Resilience, WaterNow's new website dedicated to helping communities and practitioners learn about and implement onsite, localized water strategies with tools, resources, and connections to experts
Meet the Presenters
Cynthia KoehlerCynthia Koehler is the co-founder and executive director of the WaterNow Alliance, a nonprofit network of water leaders dedicated to catalyzing sustainable water solutions in communities across the West. She is an environmental attorney and water policy expert with 20 years of experience working on California and federal water policy, and was previously the Legislative Director for California water issues for the Environmental Defense Fund, and Legal Director for Save San Francisco Bay Association. Koehler has also served on the Board of the Marin Municipal Water District Board for the last decade and is currently Board President. She is the recipient of various awards, including The Bay Institute's Hero of the Bay Award, and serves on the Board of the Water Education Foundation among other organizations. Koehler holds a BA from Pomona College in Claremont, California, and JD and Environmental Law Certificate from the University of Oregon School of Law.
Janet ClementsJanet Clements specializes in water resources planning and natural resource and environmental economics. She conducts benefit-cost, triple-bottom line (TBL), and economic impact analyses to evaluate the economic, social, and environmental implications of policies and programs. Clements is a noted economic expert in the water sector, specifically in the fields of integrated water resource management, water supply planning, green infrastructure, and affordability of water and wastewater services. She also works on climate vulnerability and adaptation planning in relation to water resources, assesses the value of climate services and information, and has extensive experience analyzing water use and trends across sectors. Clements has led several studies to assess the non-market benefits of water resources and related programs.
Chad BerginnisChad Berginnis became executive director of ASFPM in July 2012 after joining the organization in 2011. Since 2000, he has served ASFPM as insurance committee chair, mitigation policy committees' coordinator, vice chair, and chair. Berginnis received his Bachelor of Science in natural resources from Ohio State University. Since 1993, his work has focused on floodplain management, hazard mitigation, and land-use planning at the state, local, and private sector level.
Chad Berginnis became executive director of ASFPM in July 2012, after joining the association staff as associate director in 2011. Since 2000, he served the association as Insurance Committee chair, Mitigation Policy Committees' coordinator, vice chair and chair. He has a Bachelor of Science in natural resources from Ohio State University. Since 1993, his work has focused on floodplain management, hazard mitigation and land use planning at the state, local and private sector level. As a state official, Berginnis worked in the Ohio Floodplain Management Program and was Ohio's state hazard mitigation officer. As a local official, Berginnis administered planning, economic development and floodplain management programs in Perry County, Ohio. In the private sector, he was the national practice leader in hazard mitigation for Michael Baker Jr. Inc.