NAFCU talks CECL issues, implementation today

December 17, 2020 0 Comments

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » NAFCU today will participate in a discussion on the upcoming implementation and current issues regarding credit unions’ compliance with the current expected credit loss (CECL) accounting standard with the American Institute of Certified Public Accountants (AICPA). Of note, today’s meeting, with the AICPA’s Depository Institutions Expert Panel, will cover the recently clarified CECL effective date for non-public business entities, which includes credit unions.NAFCU Chief Economist and Vice President of Research Curt Long and Senior Regulatory Affairs Counsel Ann Kossachev will attend today’s meeting.In August, the Financial Accounting Standards Board (FASB) issued a request for feedback on its proposed update to the current CECL effective date for non-public business entities, making clear that the implementation of the standard is only required for fiscal years after Dec. 15, 2021. The FASB’s proposal would also clarify that operating lease receivables are not covered within the scope of CECL – a clarification welcomed by NAFCU.last_img read more

Endicott residents charged up over battery recycling facility awaiting permit

December 8, 2020 0 Comments

first_imgENDICOTT (WBNG) — As SungEel MCC Americas awaits an air permit from the Department of Environmental Conservation, residents are concerned about the facility’s possible impacts on human health. Public records about the facilty and its current operations in South Korea show dozens of toxic chemicals could be involved in the recycling process. After repeated requests to speak with SungEel, 12 News was not granted an interview. Local and state leaders see the battery recycling facility as a way to help bring new jobs and boost the economy. The project was spearheaded by the state back in 2018 to help bring new industry to part of the former IBM campus. “Why is Endicott the guinea pig for this?” asks retired St. Lawrence Chemistry Professor and Binghamton resident Dr. Paul Connet. “If there are not many of these facilities around the world then it makes the question why Endicott? Why us?” Assemblywoman Donna Lupardo says she’s been working with the DEC to make sure the facility operates safely and meets code. “Anytime a new manufacturer comes to Endicott we want to make sure that everything is done properly given the history in that community,” she said. “We’ve been in touch with the DEC. Obviously any manufacturer is going to have emissions.” SungEel applied for an air permit with the DEC to operate on Clark Street in Endicott. The company claims to be the United States’ first and only chemical based recycler of lithium ion batteries. The DEC says like all environmental permit applicants, there is a rigorous review process to ensure protection of public health. The DEC’s public comment period ended about a month ago on Dec. 5. A spokesperson tells 12 News they’re still reviewing comments before they make a decision to hold a hearing or grant the air permit.last_img read more

Conference schedules announced for Bearcats basketball

December 8, 2020 0 Comments

first_imgFans will not be allowed at America East competition through January 1, 2021. Protocols will be revisited as the season goes on. The women will begin conference play on the road, at Stony Brook December 19. For the women’s full conference schedule, click here. The conference schedule format consists of a double round-robin schedule, with a total of 18 games. VESTAL (WBNG) — The America East has released its conference schedule for men’s and women’s basketball. The non-conference portions of the Bearcats’ schedules are still being finalized. All 10 members of the America East will play nine weekend series with games on back-to-back days at the same site. The Binghamton men’s team will open the conference portion of its schedule at the Events Center December 19, hosting Stony Brook. For a full look at the men’s conference schedule, click here. last_img read more

Fan reactions to Syracuse’s 60-55 win over Pittsburgh

September 16, 2020 0 Comments

first_img Facebook Twitter Google+ Published on January 27, 2018 at 6:05 pm [View the story “Fan reactions to Syracuse’s 60-55 win over Pittsburgh” on Storify] Commentslast_img

BiH’s Football Team to gather Today in Vienna ahead of Two important Matches

August 16, 2020 0 Comments

first_imgBosnia and Herzegovina’s (BiH) football team will meet today in Vienna ahead of upcoming matches with Austria and Spain.Robert Prosinecki, head coach of BiH’s team, should have available at players he counted on in the previous two games, except for Asmir Begovic, who injured leg and Goran Zakaric who injured his shoulder.A subsequent call was sent to Kenan Piric from Maribor.Earlier in November, Prosinecki announced a list of names of the players he has called for the upcoming matches against Austria and Spain.On November 15th at the Ernst-Happel Stadium in Vienna, BiH national team will be a guest to the selection of Austria within UEFA’s League of Nations. Three days later, there will be a friendly match with Spain at the Gran Canaria Stadium in Las Palmas.The list includes 24 players, namely: Ibrahim Šehić (Erzurumspor), Asmir Begović (Bournemouth) and Vedran Kjosevski (Željezničar) as goalkeepers. Ognjen Vranješ (Anderlecht), Toni Šunjić (Dinamo Moskva), Ermin Bičakčić (Hoffenheim), Ervin Zukanović (Genoa), Eldar Ćivić (Sparta Prag) and Bojan Nastić (Genk) as defense.Amer Gojak (Dinamo Zagreb), Muhamed Bešić (Everton/Middlesbrough), Gojko Cimirot (Standard Liege), Miralem Pjanić (Juventus), Elvis Sarić (Suwon Bluewings), Rade Krunić (Empoli), Goran Zakarić (Partizan), Haris Duljević (Dynamo Dresden), Edin Višća (Basaksehir), Deni Milošević (Konyaspor) and Sanjin Prcić (Levante) as midfielders.Edin Džeko (Roma), Kenan Kodro (Copenhagen), Rijad Bajić (Basaksehir) and Ermedin Demirović (Sochaux) as forwards.In Group 4 of the UEFA Nations League, BiH is ranked first with a maximum of nine points, the other is Austria with three, while Northern Ireland has zero points.Match with Austria will start at 20:45 in Vienna, while in the Las Palmas, the match will start at 19:45. Gathering the Dragons is planned for November 12th  in Vienna.last_img read more

Parks wants to raid trash fee intended to hire police officers

December 30, 2019 0 Comments

first_imgDespite vowing that a trash-fee hike last year would be used only to hire more police officers, Los Angeles City Councilman Bernard Parks is suggesting reducing officer hiring and diverting the funds to balance a shaky city budget. Citing overspending by the Los Angeles Police Department, Parks said Monday that he plans to suggest the moves to Mayor Antonio Villaraigosa as a way to rein in spending and balance the city’s budget. “This is one of the things that happens when departments don’t live within their budget,” said Parks, a former LAPD chief and one of the department’s sharpest critics. “I want to talk to the mayor that if we keep spending at the rate we are, how does he expect to hire as many new officers as he plans this year. How do we bring (spending) back in line?” AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREStriving toward a more perfect me: Doug McIntyre The call comes as projections are grim for next fiscal year’s budget. Some city departments – including the LAPD – already have overspent their budgets this year and the city recently approved a five-year salary deal with six Los Angeles unions that includes incentives that could boost the cost of the contract to nearly $300million. The move to divert funds raised from the trash-fee hike is the second effort to tap into that pot of money. Late last year, the City Council moved to use some of the money for anti-gang programs. But that effort was blocked by Villaraigosa, whose office said he would fight any effort to use the money raised from the trash-fee hike for anything but police hiring. On Monday, the mayor reiterated his stance. “The mayor is drawing a line in the sand,” said spokesman Matt Szabo. “He strongly opposes the council putting any arbitrary caps on police hiring.” The trash-fee hike, which is now $26 a month and brings in about $150million a year, was pushed by Villaraigosa with promises that all of it would go to offset the cost of hiring new officers. Villaraigosa’s office said plans are on track to hire 780 new officers this year toward his goal of expanding the force by 1,000 officers. But when the hike was imposed, it was not earmarked for a specific purpose in the budget – raising concerns even at the time that it could be diverted for other uses. “The money was designed to offset the cost of trash collection with the idea that would free up money to hire police officers,” City Administrative Officer Karen Sisson said. “If there is any change in that policy, it would require a decision by the mayor and City Council. At this point, we are not changing how we budget.” But Parks, who chairs the council’s Budget and Finance Committee, said the city’s economic condition has deteriorated so significantly that it has virtually no contingency fund for emergencies. Meanwhile, he said, the LAPD reported that it expects to exceed its $86million overtime budget by $13million this year. “And that’s their estimate after only two months into the year,” Parks said. “This department has a history of overspending, no matter what the budget is for them.” The city might not need to hire as many new officers this year because of the reduced rate of attrition among veterans, he said. The city had anticipated upward of 500 officers leaving this year, but now estimates that it could be just 300 or 400. The LAPD is the biggest department in the city, with a budget of $1.9billion. “A department that large can throw the whole city budget off if it overspends,” Parks said. “In the past, other departments have been able to come up with money to help the LAPD. Now they can’t afford to do it. “Do we cut out services at parks because the LAPD can’t manage its budget? Do we reduce library hours? These are all important services.” Councilman Jack Weiss, who chairs the council’s Public Safety Committee, said he believes that the LAPD should not be punished because the council did not give it enough money to operate. “I don’t see what the problem is,” Weiss said. “If we are paying more in overtime, that means there are more cops on the street. I think that’s good. We should have budgeted more for the LAPD in the first place and we wouldn’t be having this argument now. “The highest priority in this city should be funding new cops,” Weiss said. “Part of that priority is to fund the cops that exist and part of that priority is to hire new cops. I think we should do both.” LAPD officials said the overtime is primarily for expanding patrols and court time. The department is budgeted for 1.2million hours of overtime even as it is on track to work 1.5million hours – about the same as last year. The issue of police overtime developed after concern that the department was reducing its patrols of housing projects in the city. The department estimates it will need upward of $6million to keep the patrols operating. “I don’t understand what the department doesn’t understand,” Parks said. “It has to reduce its overtime by 300,000 hours to live within its budget.”160Want local news?Sign up for the Localist and stay informed Something went wrong. 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