June 09, 2022
On Thursday, June 9, the National Academy of Public Administration and Grant Thornton hosted a Working Capital Fund Symposium on the impact of the COVID pandemic and other existential threats on Working Capital Fund operations and successful mitigation strategies.
The quarterly WCF Symposium aims to develop discussions between a relatively new operation and one or more established operations. Agency leaders share their insights to implement and sustain Working Capital Funds.
Recurring Moderators and Presenters:
Holden Hoofnagel, (WCF Chairman) serves as Director of the Office of the Secretary Financial Management, Department of Commerce (DOC). He is responsible for the management of the Office of the Secretary budgetary functions including development and oversight of the budget submissions to the Department, Office of Management and Budget (OMB), and Congress.
Tony Scardino, Managing Principal, Grant Thornton, Tony Scardino is a Managing Principal in Grant Thornton’s Public Sector Advisory practice, where he leads a group of Former Government Executives (FGEs) that leverages the experience and expertise of the firm’s cadre of FGEs to help agencies work across the C-suite to improve mission outcomes, provide excellent service, and effectively steward taxpayer dollars.
The Symposium featured a moderated roundtable discussion with guest speakers including:
In the first part of the discussion, the panelists shared their experiences from the view of each specific agency. The WCFs of the Department of Commerce, the Census Bureau, and the Food and Drug Administration were presented by each respective panelist. The presentations included the impact of the pandemic on each WCF.
In the second part of the event, the panelists further discussed their reactions to the pandemic as well as other existential threats. This included discussion of the following:
Following the roundtable discussion, the Q&A session focused on lessons learned from the pandemic in more detail and how these lessons will be applied in the future.