News Release 12/18/18

FAF Trustees Reappoint GASAC Chair, Announce New Members and Reappointments

Norwalk, CT—December 18, 2018—The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the reappointment of Robert W. Scott as chair of the Governmental Accounting Standards Advisory Council (GASAC).
The FAF Trustees also appointed 11 new members and reappointed 7 members to the GASAC.
The GASAC advises the Governmental Accounting Standards Board (GASB) on strategic and technical issues, project priorities, and other matters that affect standards setting. The GASAC provides the GASB with diverse perspectives from individuals with varied governmental and professional backgrounds.
“We are grateful for Robert’s outstanding leadership as GASAC chair and are very pleased he has agreed to serve another term leading the Council,” said Charles H. Noski, chairman of the FAF Board of Trustees.
The new GASAC members will serve two-year terms beginning January 1, 2019, and are eligible to be reappointed for up to two additional consecutive terms. They are:
  • Duncan Baird, State Budget Administrator, Office of Budget, Department of Finance & Administration, State of Arkansas
  • Joel Black, Partner, Mauldin & Jenkins
  • Eric Bringardner, Fixed Income Research Analyst, Fidelity Investments
  • Kristen Fontana, Vice President, Public Finance Investment Banking, Credit Strategies, Wells Fargo Securities
  • Matthew Harvey, Investment Professional, Municipal Bonds, State Farm Insurance
  • John Hutchinson, Deputy Superintendent for Business Operations, Olathe Public Schools, Olathe, Kansas
  • John Kinnaird, City Council Member, City of Waco, Texas
  • Nadina Paisano, Controller–Special Projects, Indian Pueblos Marketing, Inc.
  • Lise Valentine, Office of Inspector General, City of Chicago
  • Lisa Washburn, Managing Director, Municipal Market Analytics, Inc.
  • Michael Weinstein, Chief Surveillance Officer, Build America Mutual. 
New two-year terms of the reappointed members begin January 1, 2019. The reappointed members are:
  • Robert Balducci, Comptroller, New York City Bond Financing Entities
  • Patsy Brown, Director of Accounting, Chesterfield County, Virginia
  • Wayne Gerhold, Principal, Law Offices of Wayne D. Gerhold
  • Brian Green, Partner, Healthcare Audit and Reimbursement Services, Seim Johnson
  • Demitria Hanna, Branch Chief, Economic Stastical Methods Division, U.S. Census Bureau
  • Shirley Hughes, Retired City Administrator, City of Liberty, South Carolina
  • Phyllis Resnick, Lead Economist and Deputy Director, Colorado Futures Center. 
Ten members will depart from GASAC on December 31, 2018: Alan Conroy, James Lanzarotta, Gerard Lian, Sue Osborn, Mark Pepera, Robert Reardon, Tasha Repp, Larry Stafford, Gilbert Southwell III, and James Wells.
For a full listing of current Council members, visit the GASAC webpage.

About the Financial Accounting Foundation

Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB establish and improve financial accounting and reporting standards—known as Generally Accepted Accounting Principles, or GAAP—for public and private companies, not-for-profit organizations, and state and local governments in the United States. For more information, visit

About the Governmental Accounting Standards Board

Established in 1984, the GASB is the independent, private-sector organization based in Norwalk, Connecticut, that establishes accounting and financial reporting standards for U.S. state and local governments that follow Generally Accepted Accounting Principles (GAAP). These standards are recognized as authoritative by state and local governments, state Boards of Accountancy, and the American Institute of CPAs (AICPA). The GASB develops and issues accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to taxpayers, public officials, investors, and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the GASB. For more information, visit