Pre-Conference Sessions (You can only attend one Pre-Conference Session Track.)
• Session Track 1: Treasury Fundamentals & CCMT Specialized Training
April 30-May 1 (8 Hours) - Registration: $150
• Session Track 2: Session Track 2: Debt Training
May 1 (4 Hours) - Registration: $100
The California Municipal Treasurers Association (CMTA) is pleased to present the 2024 CMTA Annual Conference. This conference is designed to improve the treasury function in local government. Our organization continues to grow and evolve, offering current and relevant training to its members; as well as providing networking opportunities among both treasurers and industry partners. CMTA is excited for our conference and we look forward to connecting with friends and colleagues for networking, socializing, and quality education.
ONLINE REGISTRATION IS NOW CLOSED
• Government Member: $685*
• Government Non-Member: $810
• Commercial Member: $885*
• Commercial Non-Member: $1,000
*Members must sign in to their member profiles to view and receive member pricing.
DAILY REGISTRATION
(Includes all meals and social functions for the day.)
• Government Attendee
Wednesay: $325 / Thursday: $325
• Commercial Attendee
Wednesday: $525 / Thursday: $525
Cancellation more than 30 days before an event, a full refund minus a 25% administrative fee will be provided. Cancellation 15 days before an event, a 50% refund minus a 25% administrative fee will be provided. No refunds will be given for cancellations received within 14 days of an event or after the event.
Hilton Orange County/Costa Mesa 3050 Bristol Street Costa Mesa, CA, 92626
In order to receive full CPE credit for each eligible session you attend, you MUST complete the session surveys within the Guidebook app. Please note that these surveys must be filled out shortly after attending the session; you cannot complete surveys at a later date or time. To access the surveys, navigate to the bottom of the session's description under "Forms" within the Guidebook app. Should you have any questions or require assistance, please don't hesitate to visit our registration desk for support.
Program may be subject to change.
11:00 AM - 4:00 PM | Pacific Lobby Registration Open
1:00 PM - 5:00 PM | Exhibit Hall - Pacific 3/4 Exhibitor Set Up
1:00 PM - 2:00 PM | Balboa Bay TRACK 1 - Pre-conference Session 1: Investment Tool Kit: Fundamentals of Developing, Maintaining, and Monitoring Public Agency Investment Portfolios
Developing a successful investment program for a public agency will look different from one agency to the next. Still, there are fundamental requirements common to any investment program regardless of the size and complexity. In the session, successful learners will be equipped with the tools needed to customize an investment program suited to meet your agency’s unique needs.
Learning Objectives:
Identify best practices for acquiring information and resources for the development of an investment program aligned with the needs of the agency. Define the eligible investments options for public funds allowable under California State Code.
Name the key considerations for the ongoing oversight and fiduciary responsibility of local government boards, elected officials, and investment officers.
Speakers:
John Johnson, Jr., Asst. Auditor-Controller/ Treasurer/Tax Collector, San Bernadino County
Deborah Higgins, President, Higgins Capital Parth Bhatt, Deputy Treasurer, San Bernadino County
Moderator:
Susan Munson, Managing Director – Fixed Income Sales, Academy Securities, Inc.
CPE: 1.2
Program Level: Overview
Field of Study: Finance
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group Live
2:15 PM - 3:05 PM | Balboa Bay
TRACK 1 - Pre-conference Session 2:
Investment Policy Overview and CA Investment Code Update
Learn how California Government Code prescribes the authorized investments available to California public agencies and the importance of your investment policy in guiding your investment program within the legal parameters. Develop a better understanding of the Investment Policy through what is important to include while learning to identify common trouble spots.
Learning Objectives:
Describe the importance of the Investment Policy Statement as the foundation of any investment program. Demonstrate Investment Policy best practices.
Define upcoming legislative changes to Code and the importance of timing for board/ council approval.
Speakers:
John Johnson, Jr., Asst. Auditor-Controller/ Treasurer/Tax Collector, San Bernadino County
Deborah Higgins, President, Higgins Capital Parth Bhatt, Deputy Treasurer, San Bernadino County
Moderator:
Susan Munson, Managing Director – Fixed Income Sales, Academy Securities, Inc.
CPE: 1.0
Program Level: Intermediate
Field of Study: Specialized Knowledge
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
3:10 PM - 5:00 PM | Balboa Bay
TRACK 1 - Pre-conference Session 3: Investment Policy Workshop
Learn how to prepare your Investment Policy for CMTA certification with an exercise in reviewing, grading, and understanding a mock investment policy submitted for certification.
Learning Objectives:
Identify best practices for developing Investment Policy structure.
Name the eighteen (18) key areas found in a certified Investment Policy.
Describe the most common pitfalls uncovered throughout the review and certification process from the perspective of an evaluator.
Speakers:
John Johnson, Jr., Asst. Auditor-Controller/ Treasurer/Tax Collector, San Bernadino County
Deborah Higgins, President, Higgins Capital
Parth Bhatt, Deputy Treasurer, San Bernadino County
Moderator:
Susan Munson, Managing Director – Fixed Income Sales, Academy Securities, Inc.
CPE: 2.2
Program Level: Intermediate Field of Study: Specialized Knowledge
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
WEDNESDAY, MAY 1, 2024
7:30 AM - 5:30 PM | Pacific Lobby Registration Open
7:30 AM - 11:30 AM | Exhibit Hall - Pacific 3/4
Exhibitor Set Up
7:30 AM - 8:00 AM | Foyer
Continental Breakfast – Pre-conference Attendees Only
8:00 AM - 10:15 AM | Balboa Bay
TRACK 1 - Pre-conference Session 4: Protect Your Organization from Cybercrime Solutions
Operational disruption, reputational damage, lost revenue, and stole intellectual properties are just a few examples of the significant impact cybercrimes have on an organization. With rapid changing environment, finance officials need to stay up to date on the most current cyber threats and take an active role in safeguarding their organizations. Join us at this fast-paced session to learn about common data breach incidents and ways to prevent them. You will also see what actions finance officers can take to help improve cybersecurity of their organizations.
Learning Objectives:
Identify and implement procedures to prevent loss from cyber incidents. Describe and utilize strategies to enhance the cybersecurity efforts within an organization.
Speakers:
Katherine Yuen Krisch, CPA, CIA, CEO, Krisch & Company
Donald Hester, CISSP, Cybersecurity Advisor, CISA, City of Livermore
CPE: 2.6
Program Level: Intermediate Field of Study: Specialized Knowledge
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
10:30 AM - 11:30 AM | Balboa Bay
TRACK 1 - Pre-conference Session 5: New Developments in Treasury Management
Evolving constituent expectations, advancing technological capabilities, and increasing organizational demands challenge municipal treasurers to optimize their payables and receivables operations. Our panel will discuss leading practices by which governments can expand payment options, while maximizing operating efficiency and mitigating fraud risk.
Learning Objectives:
Identify and manage technology that influences the way agencies make and receive payments.
Describe methods to optimize an agency's payables and receivables by utilizing new technologies.
Apply the discussed methods of optimization to their own agency based on a live case study.
Speakers:
Oliver Mendoza, CTP, Treasury Analyst, Irvine Ranch Water District
Cory Jahn, Lead Treasury Management, Payables Consultant
Todd W. Reed, CPP, Lead Merchant Services
Product Sales Consultant, Wells Fargo
CPE: 1.2
Program Level: Basic
Field of Study: Specialized Knowledge
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group Live
8:00 AM - 11:30 AM | Emerald 2/3
TRACK 2 - Pre-conference Session 6: Municipal Debt Issuance: Building Fundamentals and Exploring Market Trends
Municipal debt has been a tool for public agencies to build infrastructure and improve facilities for over two centuries. Participants in this program will gain a better understanding of the fundamentals of municipal debt financing, from the core terminology to the types of debt state and local governments can issue as well as primary and continuing disclosure obligations of issuers. Additionally, this program will address current hot topics in the municipal market including ESG bonds, the Inflation Reduction Act, Build America Bond refinancings and other trends impacting municipal bond issuers.
Learning Objectives:
Explain the municipal debt issuance process from the planning stage through postissuance.
Identify the different types of debt commonly issued by California governmental borrowers and the benefits and considerations of each.
Review the current interest rate environment and identify the key drivers of state and local government borrowing costs.
Summarize the Inflation Reduction Act and provisions relevant to state and local government issuers.
Describe the integration of EnvironmentalSocial-Governance (ESG) principals into the municipal market, including background on ESG trends and the issuance of “designated” bonds.
Speakers:
Darren Hodge, Managing Director, PFM Financial Advisors LLC
Brian P. Forbath, Partner, Stradling Yocca Carlson & Rauth
Tyler Old, Executive Director, J.P. Morgan Chase
Edward Enriquez, Assistant City Manager and Chief Financial Officer/Treasurer, City of Riverside
CPE: 4.2
Program Level: Intermediate Field of Study: Finance
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
11:30 AM - 5:00 PM | Exhibit Hall - Pacific 3/4
Exhibit Hall Open
12:00 PM - 1:30 PM | Pacific Ballroom 1/2
Opening Remarks, Business Meeting, and Lunch
Special Guest Speakers:
Shari Freidenrich, CPA, Orange County Treasurer
Patrick Henning, Chief Deputy Treasurer, State Treasurer’s Office
1:30 PM - 2:00 PM | Exhibit Hall - Pacific 3/4 Dessert Break
2:00 PM - 2:50 PM | Pacific Ballroom 1/2
General Session 1: The Slow Path of PostPandemic Normalization and Implications for Rates
The dramatic imbalance between demand and supply in the aftermath of the pandemic recession triggered a wave of inflation that necessitated an aggressive monetary policy response. Fed officials responded by tightening monetary policy at the fastest pace since 1980, a process that is now believed to be concluded. Despite this tightening, the economy has continued to expand at a stronger rate than expected, driven at the core by an unusually resilient consumer. In this presentation, we will highlight the sources of the consumer strength and the implications for continued economic growth. We will also highlight the factors Fed officials are taking into account as they determine the appropriate path for interest rates going forward.
Learning Objectives:
List key factors affecting economic growth trends.
Evaluate and prioritize factors most important to policy makers. Attendees will analyze potential future rate paths.
Speaker:
Craig Dismuke, Managing Director and Market Strategist, STIFEL
CPE: 1
Program Level: Intermediate Field of Study: Economics
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
2:50 PM - 3:40 PM | Pacific Ballroom 1/2
General Session 2: Rethinking Reserves
Governments are subject to financial shocks, including natural catastrophes, recessions, and more. Financial reserves (a “rainy day” fund) are essentially a form of self-insurance that governments use to buffer themselves against these risks. But what are the risks governments should be concerned about and what size of reserves are appropriate to those cover risks?
Learning Objectives:
Determine how to frame reserves as an “insurance policy” to help stakeholders better understand the need for reserves
Identify and quantify risks that a reserve must cover
Describe the essential components of a reserve policy
Speaker:
Shayne Kavanagh, Senior Manager of Research, GFOA
CPE: 1
Program Level: Intermediate Field of Study: Accounting (Governmental)
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
3:40 PM - 3:50 PM Break
3:50 PM - 4:40 PM | Pacific Ballroom 1/2
General Session 3: What’s Happening at Farm Credit, FHLB and The World Bank: An Informal Discussion
Capital Markets senior representatives from the Federal Home Loan Banks (FHLB) Office of Finance, Federal Farm Credit and The World Bank will discuss the specific missions of their enterprises and other differentiating factors relative to other issuers in the high-grade markets. The three most dominant issuers in the Agency/Supranational sectors with 2023 non-overnight issuance exceeding $3 Trillion will provide details about their business results, as well as the impact of the transitioning interest rate environment and evolving Federal Reserve policy in determining funding needs and supply of AAA-rated securities to the marketplace.
Learning Objectives:
Identify the different Agency/Supra funding programs and business models
Explain the funding practices and supply dynamics of these high-grade issuers
Devise investment choices based on term, structure and duration
Speakers:
Denise de Bombelles, Senior Vice President/ Global Investor Relations, Federal Home Loan Banks - Office of Finance
Nish Kumar, Senior Vice President of Investor Relations, Federal Farm Credit Banks
Funding Corporation
Scott Cantor, International Bank for Reconstruction and Development, World Bank
Moderator:
Chris Ahrens, Managing Director, Stifel
CPE: 1.5
Program Level: Intermediate Field of Study: Finance
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
4:40 PM - 5:30 PM | Pacific Ballroom 1/2
General Session 4: Defending America's Critical Infrastructure: The Role of CISA
In this session, participants will gain valuable insights into the crucial role of the Cybersecurity and Infrastructure Security Agency (CISA) in safeguarding the United States' critical infrastructure. CISA serves as the operational lead for federal cybersecurity and the national coordinator for critical infrastructure security and resilience. Through a comprehensive overview, attendees will understand how CISA collaborates with stakeholders across industries and government sectors, forming partnerships aimed at fortifying the nation's cyber and physical infrastructure. Attendees will learn about CISA's mission, which centers on understanding, managing, and mitigating risks to both cyber and physical infrastructure. Through a layered approach, CISA works to reduce vulnerabilities and enhance resilience, ultimately ensuring a secure environment for the American people.
Learning Objectives:
Explain CISA's mission and vision for a secure and resilient critical infrastructure. Develop strategies for partnerships with critical infrastructure stakeholders and government agencies.
Identify free services and resources provided by CISA to enhance cybersecurity and resilience.
Speaker:
Donald Hester, CISSP, CISA, CGRC, CRISC
CPE: 1
Program Level: Basic
Field of Study: Specialized Training
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group Live
5:30 PM - 7:00 PM | Location TBD
Icebreaker Reception and Network with Industry Partners
THURSDAY,
7:30 AM - 5:30 PM | Pacific Lobby Registration Open
7:30 AM - 4:30 PM | Exhibit Hall - Pacific 3/4
Exhibit Hall Open
7:30 AM - 8:30 AM | Pacific Ballroom 1/2
Breakfast Buffet
8:25 AM - 9:15 AM | Pacific Ballroom 1/2
General Session 5: Geopolitical Update
Geopolitical events near and far affect your communities and the things you care about –jobs, interest rates, inflation. In this session, we will discuss today’s most pressing challenges impacting the interlocking gears of Geopolitics, Economics, and even Artificial Intelligence. Join us to glean insights gained through experienced “boots on the ground” with the opportunity to engage with one of the leading experts in the industry. General Marks is a dynamic speaker and questions from the audience are highly encouraged.
Speaker:
Major General (Ret.) Spider Marks, Consultant, U.S. Army
CPE: None
9:25 AM - 10:15 AM | Emerald 1
Roundtable 1: Career Advancement, Recruitment, and Retention: Challenges in this New World
Speaker:
Betsy McClinton, Management Services Director, City of Burbank
9:25 AM - 10:15 AM | Emerald 3
Breakout - Debt 1: Debt Policy As Guardrails To Keep Your Bond Issue On Track
This session will provide an introduction and practical guidance for developing a debt policy to protect your organization. An effective debt policy will assist your agency in determining appropriate uses of debt financing, establishing debt management goals, and setting criteria for selecting firms to provide financial services, while preserving your agency’s flexibility to finance future capital programs and requirements.
Learning Objectives:
Describe debt policy.
Recognize legal requirements and identify available guidance. Identify practical uses of policy, including overlap with other financial policies.
Speakers:
Dave Fama, President, Jones Hall
Dennis Kauffman, Assistant City Manager/ Chief Financial Officer, City of Roseville
Dennis McGuire, Managing Director, Piper Sandler
CPE: 1.0
Program Level: Intermediate Field of Study: Finance
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience. Advanced Preparation: None
Delivery Method: Group Live
9:25 AM - 10:15 AM | Balboa Bay
Breakout - Investments 1: Back to (Bond) School
This highly interactive session will discuss the following topics and more: structuring a portfolio to create a “stable’r” investment income, when swaps may enhance income and portfolio yield, the pros and cons of using book and total return, how to develop a robust cash flow model, tips and tricks of using callable securities, the primary drivers on shorterterm and intermediate term interest rates, top economic indicators to monitor, the importance of following GAAP (Generally Accepted Accounting Principles), developing a prudent balance between interest rate risk and credit risk, and day count conventions to ensure you are comparing apples-to-apples.
Learning Objectives:
Develop an investment program to prudently balance risks, while earning a market rate of investment income.
Evaluate the proper use of callable securities in an operating portfolio.
Compare and contrast the information presented with book and total return.
Calculate comparable yields with various day count conventions.
Speaker:
Rick Phillips, Chief Investment Strategist, Meeder Public Funds
CPE: 1.0
Program Level: Intermediate Field of Study: Finance
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
10:15 AM - 10:45 AM | Exhibit Hall - Pacific 3/4
Specialty Coffee Break
With our powerful Debt Management solution, you can:
Future proof your team
Have confidence in your data
Focus on what matters
Scan to Book a Demo!
Wells Fargo places special emphasis on relationships. We take the time to listen and learn about your business and its operations, growth opportunities, and challenges.
Let’s connect Zina Monroe monroez@wellsfargo.com 925-852-1061
Jeannie Kabilafkas jeannie.kabilafkas@wellsfargo.com 805-407-6174
10:45 AM - 11:40 AM | Emerald 1
Debt - Roundtable 2: Ask the Expert
Speakers:
Speaker information coming soon.
10:45 AM - 11:40 AM | Emerald 3
Breakout - Debt 2: Managing Variable Rate Debt – Non-Financial Considerations
With a normal interest rate environment, many issuers have been approached with proposals for issuing variable rate obligations. In many instances, the apparent terms can be very attractive. This session will explore the suitability of variable rate obligations for issuers – other than financial aspects.
Learning Objectives:
Identify financing language and terminology. Describe purposes of Variable Obligations. Appraise Risks.
Outline debt administration strategies.
Speakers:
Kim A. Byrens, Best Best & Krieger
Kevin Mascaro, Assistant General Manager/ CFO, Western Municipal Water District
CPE: 1.0
Program Level: Intermediate Field of Study: Specialized Knowledge
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
10:45 AM - 11:40 AM | Emerald 2
Breakout - Treasury Management 2: Operational Excellence: Best Practices in Cashiering
This session is designed to train government employees and officials on the best practices for cashiering operations. Finance officers, treasury officials, city clerks, and cash handlers are all encouraged to attend.
Learning Objectives:
Record cash and non-cash transactions efficiently and accurately. Explain the roles and responsibilities of the cashiering team.
Identify strategies for safeguarding funds, recording accurate records, detecting fraud, and improving customer service. Describe internal controls, their role in preventing fraud and financial loss in cashiering activities, and the implementation of best practices and automation for effective cash handling techniques.
Speakers:
Loretta Meng,Cashier Manager, San Francisco City and County Kent Morris, Treasurer
CPE: 1.0
Program Level: Basic
Field of Study: Accounting (Governmental)
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group Live
10:45 AM - 11:40 AM | Balboa Bay
Breakout - Investments 2: Small and MediumSized Portfolios: Fundamentals of Setting up an Investment Plan
Developing a successful investment program for a public agency will look different from one agency to the next. In the session, successful learners will be equipped with the tools needed to set up an investment program to meet the unique needs of agencies newer to investments and/or looking to refine portfolio strategies for portfolios of $100mm or less.
Learning Objectives:
Identify best practices for acquiring resources for the development and maintenance of an investment program. Compare and contrast benefits of the various investment vehicles allowable under California State Code including, money funds, investment pools, separate account management, and direct investing.
Name the key considerations for the ongoing oversight and fiduciary responsibility of local government boards, elected officials, and investment officers.
Speakers:
Shaun Farrell, CCMT, City Treasurer, City of Galt
Dan Matusiewicz, Sr. Public Sector Finance Consultant
Moderator:
Susan Munson, Managing Director – Fixed Income Sales, Academy Securities, Inc.CPE: 1.0
Program Level: Basic
Field of Study: Finance
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group Live
11:45 AM - 1:30 PM | Pacific Ballroom 1/2
Lunch Featured Speakers & CCMT Awards
Are You Running on Empty? Impact of Federal and State Directives at the Local Level
Is your agency overwhelmed by the edicts from regulations and market pressures to effectively manage through the challenges and opportunities ahead? As federal pandemic funding winds down and state budget pressures mount, many municipalities are facing stronger financial headwinds than in recent years. This session will cover what finance offers should know about new federal programs and how they can be leveraged for financing longterm projects; how to communicate about important finance issues to your Boards and constituents with declining local news coverage; and upcoming changes in the landscape of disclosure requirements, such as the Financial Data Transparency Act (FDTA). Join the conversation as the speakers share their perspectives in their role as a national federal liaison perspective and a nationally recognized journalist.
Learning Objectives:
Describe developments at the federal level that directly affect municipal finance. Discuss current debt and disclosure issues and trends.
Explain how economic trends and potential constraints may impact the state-local relationship.
Speakers:
Liz Farmer, State Fiscal Policy Officer, Pew Charitable Trusts
Emily S. Brock, Director, Federal Liaison Center, GFOA
CPE: 1.0
Program Level: Intermediate Field of Study: Finance
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
1:30 PM - 2:00 PM | Exhibit Hall - Pacific 3/4
Dessert Break
2:00 PM - 2:50 PM | Pacific Ballroom 1/2
General Session 6: Demographics, Inflation and Debt - The Latest Trends in Consumer Demand, Inflation, Debt and California Growth
The prior 30-year inflation cycle peaked in the early 1980s, reversing in 2020 after 40 years of disinflation. Are we entering a new prolonged inflationary cycle? Factors like money supply, federal debt, workforce dynamics, demographics, and global consumer growth influence inflation and interest rates. California faces distinctive challenges, including immigration patterns and workforce composition, impacting its future. Let’s delve into these and other intriguing trends shaping our lives and economy.
Learning Objectives:
Understand historical inflation trends, notably the peak in the early 1980s and the recent 2020 reversal.
Explore potential indicators signaling a new prolonged inflationary cycle and analyze contributing factors.
Investigate how factors like money supply, federal debt, workforce dynamics, demographics, and global consumer growth influence inflation and interest rates.
Examine California's unique challenges, such as immigration patterns and workforce composition, impacting its economic path. Gain insights into broader trends beyond inflation, encompassing demographic shifts and global consumption patterns, shaping our lives and economy.
Speaker:
Doug Robinson, Principal, RCM Robinson
Capital Mgt.
CPE: 1.0
Program Level: Basic Field of Study: Economics
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group Live
2:50 PM - 3:00 PM
Break
3
3:00 PM - 3:50 PM | Emerald 1
Treasury Management - Roundtable 3: Ask Anything About Treasury Operations and Managing Your Short-Term Cash
Speakers:
Jeffrey L. Weaver, CFA, Senior Portfolio Manager and Head of Global Liquidity Solutions, Allspring Global Investments
Riley Greenlee, CPA, Assurance & Advisory Manager, LSL
3:00 PM - 3:50 PM | Emerald 3
Breakout - Debt 3: Turbocharged Tactics: Dodging Potholes and Crossing the Finish Line with JPA Financing
While our agencies have jurisdictional boundaries, regional needs that require new regional infrastructure are best addressed through collaboration with neighboring municipalities and agencies, outside our own boundaries, toward a mutual goal. Forming a Joint Powers Authority (“JPA”) can be the best structure to facilitate the shared financing and operations of a critical regional project. Come learn some turbocharged tactics from municipal finance professionals about how to dodge potholes and cross the finish line with JPA financing. You’ll get a bonus lap learning about single-agency controlled financing JPA’s as well!
Learning Objectives:
Determine options on how to structure financing through a JPA.
Evaluate the risks and benefits of developing a JPA.
Apply tactics to successfully partner with agencies under varying financial situations.
Speakers:
Wing-See Fox, Managing Director, Urban Futures, Inc.
Jonathan Guz, Shareholder, Stradling Yocca Carlson & Rauth LLP
Nadia Feeser, City Treasurer, Administrative Services Director, City of Pismo Beach
CPE: 1.0
Program Level: Intermediate
Field of Study: Finance
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
3:00 PM - 3:50 PM | Emerald 2
Breakout - Treasury Management 3: Cashiering Do's and Don'ts
This session is designed to throw light on best practices in cashiering. Treasury and cashiering personnel will benefit from real life examples.
Learning Objectives:
Identify and describe best practices in cashiering including cash handling, security, insurance, banking requirements, fraud detection, automation, personnel training, and cash vaults.
Speakers:
Vishal Thacker, CMTA President, Assistant Treasurer and CIO, Alameda County
Loretta Meng, Cashier Manager, San Francisco City and County
CPE: 1.0
Program Level: Basic
Field of Study: Accounting (Governmental)
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group Live
3:00 PM - 3:50 PM | Balboa Bay Breakout - Investments 3: 53601 – A Deep Dive: Part A, More Commonly Used Options
California Code Section 53601 provides the investment framework for operating funds in the State of California. In this session, we will take a closer look at the more frequently utilized options by state and local investment officers, including but not limited to: US Treasuries,
US agencies, Commercial Paper (non-asset backed), Non-negotiable CDs, Various Deposit options, medium-term notes and Supranationals. We will discuss the risks and rewards associated with each asset class, and also delve into the role of each asset classes may play in an public agency investment program.
Learning Objectives:
Identify the most commonly used asset classes in local government investment programs allowed by Code, and discuss their risk and return characteristics.
Explain the role each of these asset classes may play in a local government investment program.
Utilize the resources needed to effectively employ these asset classes in their investment program.
Speakers:
Karl Meng, Portfolio Strategist, Chandler Asset Management
Carlos Oblites, Senior Portfolio Strategist, Chandler Asset Management
CPE: 1.0
Program Level: Basic
Field of Study: Finance
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group Live
3:50 PM - 4:30 PM | Exhibit Hall - Pacific 3/4 Prize Drawing & Refreshments!
BREAKOUT SESSIONS 4
4:30 PM - 5:20 PM | Emerald 1
Investments - Roundtable 4: Ask the Experts and Share Experiences
Speaker:
Hubert R. White, CFA, CTP, Chief Investment Officer, City & County of San Francisco
4:30 PM - 5:20 PM | Emerald 3
Breakout - Debt 4: Earning the Checkered FlagTailoring Your Credit Story to Your Audience
You and your financing team have finished designing your financing or structuring your bonds and are rev’d and ready at the starting
gate to bring your financing to market. How do you tell your credit story to rating agencies and other market participants? How do you convey your credit story to investors? How do you communicate what you’re doing to elected officials and your residents? One of the most critical functions any treasurer and their financing team plays is conveying the credit story to multiple audiences with varying levels of financial sophistication and goals. This panel will focus on tailoring the credit and financial messaging to each audience to optimize the impact of those communications and ultimately to achieve the most favorable financing outcome possible. Hear from both an experienced issuer and an experienced municipal advisor how to tailor your message to each audience and how to create impactful financing reports and presentations.
Telling your credit story in a financing begins with the crafting of your preliminary official statement. Hear tips on how to work with your financing team to tell the credit story in this document. We will also discuss how to tell the credit story for financing partners – like credit banks, federal and state lenders – who may not have access to an updated preliminary official statement. Then we will talk about how to translate that information for special audiences like rating agencies and bond insurers. We will discuss the difference in presenting the same information for the public officials and the general public who may have very different interests/goals and different levels of financial sophistication. And ultimately we will discuss how to communicate this to the final investors whose interest – or lack of interest – in your financing will determine your interest rates.
Learning Objectives:
Compose a credit story in a Preliminary Official Statement.
Adapt the credit story to rating agencies and bond issuers.
Communicate to Federal and State lending programs.
Communicate to the market and investors. Prepare bond and financing reports and presentations.
Speakers:
Nikolai J. Sklaroff, Capital Finance Director, San Francisco Public Utilities, Commission (SFPUC) and Commissioner, California Debt and Investment, Advisory Commission (CDIAC)
Frank Perdue-Rossi, Principal, Montague DeRose and Associates, LLC
CPE: 1.0
Program Level: Intermediate Field of Study: Finance
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
4:30 PM - 5:20 PM | Emerald 2
Breakout - Treasury Management 4: RFP or Negotiate for Bank Services or Custodial Services: Discussion
From drafting the initial RFP onto dissemination to prospective respondents and receiving and reviewing those responses, the RFP process can be rather daunting if not painful to navigate or should you streamline and choose negotiation the best way to proceed? This session is designed to allow attendees to interact with the presenters from both public and private sector entities that will share their experiences and lessons learned in their personal RFP experiences. Questions from the audience are highly encouraged as our experts share insight and suggestions to make the RFP process less painful and as efficient as possible.
Learning Objectives:
Identify negotiable and non-negotiable factors in contracting for banking and custodial services.
Summarize the most vital parts that need to go into a Request for Proposal (RFP) for Banking and Custodial services. Interpret the RFP Respondent’s perspective on RFP content and submission requirements and guidelines. Recognize providers in the Custodial services industry in California.
Compare and contrast successes and pitfalls and discover lessons learned to avoid common challenges.
Speakers:
Shaun Farrell, CCMT, City Treasurer, City of Galt
Mark Petrasso, Senior Vice President, Zions Bank Corporate Trust
CPE: 1.0
Program Level: Basic
Field of Study: Specialized Knowledge
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group Live
4:30 PM - 5:20 PM | Balboa Bay
Breakout - Investments 4: 53601 – A Deep Dive: Part B, Less Commonly Used Options
California Code Section 53601 provides the investment framework for operating funds in the State of California. In this session, we will take a closer look at the options less frequently utilized by state and local investment officers, including but not limited to: State and Local Agency Bonds; Asset Backed Commercial Paper; Negotiable Certificates of Deposit; Mortgage Pass-Throughs; Agency Commercial MortgageBacked Securities; Asset Backed Securities; and Public Bank Obligations.
Learning Objectives:
Identify investment code section 53601 and its connection to companion code sections. Name accredited sources for obtaining access to relevant code sections and the primary sources for best practice interpretation.
List the key considerations when determining which asset classes are most appropriate for your entity’s investment portfolio.
Speakers:
Parth Bhatt, Deputy Treasurer, San Bernadino County
Susan Munson, Managing Director – Fixed Income Sales, Academy Securities, Inc.
CPE: 1.0
Program Level: Intermediate
Field of Study: Finance
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience.
Advanced Preparation: None
Delivery Method: Group Live
4:30 PM | Exhibit Hall - Pacific 3/4
Exhibit Hall Teardown
6:30 PM - 8:30 PM | K1 Speedway Thursday Evening Event!
Get ready for an evening packed with excitement at K1 Speed in Irvine! Join us Thursday evening at 6:30 pm for the perfect opportunity to unwind, network and engage in some thrilling competition. Not interested in racing? No problem! Hang out in the facility with food and a fully stocked bar. As the night progresses, gear up for a thrilling competition where only the fastest will claim the top spot. Transportation will be available. Buses will depart the hotel around 5:45 PM (subject to change). Plus, for those eager to hit the track, we'll provide a link to sign the necessary waiver ahead of time to streamline the check-in process.
FRIDAY,
7:30 AM - 11:30 AM | Pacific Lobby Registration Open
8:00 AM - 9:00 AM | Pacific Ballroom 1/2
Breakfast Buffet
9:00 AM - 10:00 AM | Pacific Ballroom 1/2
General Session 7: Making Sense of Your
Investment Options: Not All Liquidity Funds Are Equal
There is no shortage of investment options beyond your traditional bank deposits. This session will review what is available and what questions you should ask and need answered before investing your cash in these funds.
Learning Objectives:
Define and explain money market funds. Summarize available options (SEC registered, CalTRUST, CAMP, LAIF, CLASS).
Identify critical questions to ask prior to investing in one of these funds. Identify eligible purchases and investments. Recognize how to measure and manage risk. Identify levels of transparency and accountability for managers.
Speaker:
William Goldthwait, Vice President, Portfolio Strategist, State Street Global Advisors
CPE: 1.2
Program Level: Intermediate
Field of Study: Specialized Knowledge
Prerequisite: Two years of treasury, finance, or capital markets education and/or experience. Advanced Preparation: None
Delivery Method: Group Live
10:10 AM - 11:30 AM | Pacific Ballroom 1/2
General Session 8: Presidential Pit Stop
A critical component of excelling on the fast track is making the appropriate pit stops along the way. Join your CMTA leadership team to discuss lessons learned through our recent strategic planning sessions as well as results of our member satisfaction survey. Think part peerto-peer, part game show, part brainstorming session - all geared towards honing our collective tools to keep all of us running at optimal speed!
Speakers:
Nadia Feeser, Administrative Services Director, City of Pismo Beach
Vishal Thacker, CMTA President, Assistant Treasurer, Alameda County
Laura Labanieh, CEO, CalTrust
Susan Munson, Managing Director – Fixed Income Sales, Academy Securities, Inc.
CPE: None
11:30 AM | Pacific Ballroom 1/2
Closing Remarks
In order to receive full CPE credit for each eligible session you attend, you MUST complete the session surveys within the Guidebook app. Please note that these surveys must be filled out shortly after attending the session; you cannot complete surveys at a later date or time. To access the surveys, navigate to the bottom of the session's description under "Forms" within the Guidebook app. Should you have any questions or require assistance, please don't hesitate to visit our registration desk for support.
THANK YOU TO OUR SPONSORS!
ANNUAL DIAMOND SPONSORS
ANNUAL PLATINUM SPONSOR
ANNUAL GOLD SPONSORS
California Asset Management Program (CAMP)
California Infrastructure & Economic Development Bank (iBank)
CalPERS
Can/Am Teller Cashiering
CSMFO
FHN Financial
HdL Companies
ANNUAL SILVER SPONSORS
Clearwater Analytics
Insight Investment
InspereX
JPMorgan Chase Bank, N.A.
Krisch & Company
Meeder Public Funds, Inc.
CONFERENCE SUPPORTER
ICD
Raymond James
Mischler Financial Group, Inc.
Multi-Bank Securities, Inc.
Piper Sandler & Co.
Stifel
UBS
Umpqua Bank
Stradling Yocca Carlson & Rauth LLP
U.S. Bank
