Opioid Abatement Authority: Free webinar Sept. 12 - "Financial management of opioid settlement funds"

Wednesday, September 4, 2024/Categories: News Board

The financial management of your opioid settlement funds can be confusing! There are various different national settlements, specific state law requirements, different kinds of reporting requirements, and OAA terms and conditions that all must be understood by local government finance officials. In addition, because the payments will occur over a nearly twenty-year period, long-term planning for these revenues (and associated expenses) can be a budgeting challenge.

As part of the OAA’s award-winning “Abatement Academy” series, the OAA is hosting a free webinar on Thursday September 12 from 10:00-11:00am entitled, “Financial management of opioid settlement funds (including grants) for Virginia cities and counties.”

The presentation will feature Ms. Virginia Lovell, Director of Finance for the City of Newport News, and Mr. Adam Rosatelli, Director of Finance for the Opioid Abatement Authority. The presentation will provide an overview of the various types of settlements and grants that are available, and a case study of how Newport News created a long-term balanced budget that plans for the use of these funds over a period of multiple years.

 Register now to join this free webinar here >.

OAA Contact: Tony McDowell. tmcdowell@voaa.us