County Treasurers 2017 Spring Continuing Education Training Conference

Host Organization: County Treasurers Association of Ohio (CTAO); Kevin Futryk, Executive Director; (614) 221-7157; [email protected]
Event Date: 5/16/2017 - 5/18/2017
# of Hours Available: 10.5
Location: Breakers Hotel, Cedar Point
One Cedar Point Drive
Sandusky, OH 44870
Onsite Contact: Tom Steenrod
Executive Director
County Treasurers Association of Ohio
614-517-5072
[email protected]

Conference Website
ohiocountytreasurers.org

Required Materials
Course Description Quick Guide

Other Event Materials
MyCPIM Worksheet

Tuesday 5/16/2017

1:00 PM - 2:00 PM

Course Name	Speaker(s)	Hours Available
Maximizing Yield and Maintaining Liquidity		1	View

2:15 PM - 4:15 PM

Course Name	Speaker(s)	Hours Available
Commercial Paper and Bankers Acceptances	Jason Headings, Vice President Public Funds, Meeder Investment Management	2	View

Wednesday 5/17/2017

8:30 AM - 10:30 AM

Course Name	Speaker(s)	Hours Available
Round Table Discussion Groups by population	Group Discussion leaders see below.	2	View

10:45 AM - 11:45 AM

Course Name	Speaker(s)	Hours Available
The Fed: What’s Next?	Jason Click, President Public Funds, Meeder Investment Management, Jason Headings, Vice President Public Funds, Meeder Investment Management	1	View

1:00 PM - 2:00 PM

Course Name	Speaker(s)	Hours Available
Markets: a View from Inside the Beltway	Josh Wilsusen, Morgan Stanley Government Relations	1	View

2:15 PM - 3:15 PM

Course Name	Speaker(s)	Hours Available
The Internet of Things - Local Government	Richard Sturgis	1	View

Thursday 5/18/2017

8:30 AM - 9:30 AM

Course Name	Speaker(s)	Hours Available
Designating Depositories and Developing Investment Policy	Dawn Cragon, County Treasurer, Ashtabula County	1	View

9:45 AM - 11:15 AM

Course Name	Speaker(s)	Hours Available
General Group Discussion	See below	1.5	View

Course Details: Maximizing Yield and Maintaining Liquidity

Course Description and Learning Objectives

Target Audiences: Counties

Category: Investments

A course to enable participants to gain working knowledge of how to maintain liquidity in a rising market.

The course will concentrate on the objective of maintaining full investment in the bond market while structuring the portfolio to meet operating needs. Emphasis will be placed upon implementing an effective cash management program, without overly compromising income (yield). A review of market yields over the past five years will illustrate how a public entity’s investment program should operate without undue risk [to the principal] and with adequate cash flow.

Course Learning Objectives:
- Calculating an adequate liquidity position without overly compromising portfolio income. Methods to consider when determining adequate cash flow and liquidity.
- Understanding the interest rate environment and shape of the yield curve when structuring your investment portfolio.
- Understanding the factors of both declining and rising interest rate markets, the portfolio’s average duration (average maturity), and the effect upon market value and cash flow.

Course Material

N/A

Course Details: Commercial Paper and Bankers Acceptances

Course Description and Learning Objectives

Target Audiences: Counties

Category: Investments

The course will focus on commercial paper and bankers acceptances as eligible short-term investment alternatives. Emphasis will be placed upon statutory and policy considerations, credit risk, price and yield comparisons relative to other short-term investments, and various methods of purchasing commercial paper direct from the issuers and through the secondary market. Commercial paper and bankers acceptances will be reviewed from an historical and current market perspectives.

The Ohio Revised Code requires public officials to receive training prior to investing in this asset class. Such a course is also necessary to understand how commercial paper and bankers acceptances may be used in the public funds portfolio and what risks are associated with such an investment(s).

Course Learning Objectives:
- Understanding commercial paper and bankers acceptances as defined in the Ohio Revised Code and how such investments are considered in the marketplace.
- Understanding and calculating liquidity and cash flow of the portfolio and how commercial paper may be used as a short-term investment.
- Understanding credit risk and credit analysis.
- Understanding issues regarding the suitability as an investment for your portfolio.

Course Material

N/A

Jason Headings, Vice President Public Funds, Meeder Investment Management

[email protected]
6125 Memorial Drive
Dublin, OH 43017
Phone: (614) 760-2111

Jason Headings holds a B.S. in Marketing and a B.S. in Finance from Miami University, Richard T. Farmer School of Business and is a Chartered Market Technician (CMT). He has over 12 years of investment experience. As Portfolio Manager of the Meeder Money Market Fund, he has been recognized with the Money Fund Intelligence Award by Crane Data in 2012 and 2013 and the “Top Manager Award” from iMoneyNet in 2011 and 2014. Each of those years the Fund ranked highest in the United States amongst all prime retail money market funds. He is an instructor at various educational seminars.

Course Details: Round Table Discussion Groups by population

Course Description and Learning Objectives

Target Audiences: Counties

Category: Miscellaneous

Course is designed to provide an open discussion and free exchange of information and ideals among counties of like sizes. Topics may include but are not limited the following: budget, staffing, unique practices during collection periods, foreclosures, delinquencies, board of revision, public record requests, record retention and land bank management.

This courses content, material and topic discussion make it a favorite among conference attendees because of of the discussions and information shared. Attendees can always get answers to questions and help problems from fellow treasurers. "ALWAYS A FAVORITE"

Course Material

N/A

Group Discussion leaders see below.

GROUP 1 1 TO 35,000 DIANE SARGENT, HOCKING COUNTY TREASURER

GROUP 2 35,000 - 55,000 DAVE KISER, MERCER COUNTY TREASURER

GROUP 3 55,000 - 95,000 BILL OGG, SCIOTO COUNTY TREASURER

GROUP 4 95,000 - 200,000 DAWN CRAGON, ASHTABULA COUNTY TREASURER

Course Details: The Fed: What’s Next?

Course Description and Learning Objectives

Target Audiences: Counties

Category: Investments

As we enter the first cycle of rising interest rates in more than a decade, this presentation will examine the new tools available to the Fed. Utilizing real life examples we will explore how this cycle may be different, including new ways to manage inflation, unemployment and control interest rates. Additionally, the presentation will cover other factors the Fed may take into consideration in the future.

The presentation will cover past examples of inflationary environments from around the globe and compare those to the current situation. We will also cover changes to how inflation is now evaluated, as well as potential headwinds going forward. With the greatly increased size of the balance sheet of the Federal Reserve, we will talk through the possible next steps for the Fed and how that may affect the economy going forward, including all of the new tools the Fed may use to control interest rates in the future. The presentation will also cover possible future headwinds and their possible effects on Fed policy. All of this will be tied together to help Treasurers decide how they should structure investments in the future

Course Material

N/A

Jason Click, President Public Funds, Meeder Investment Management

[email protected]
6125 Memorial Drive
Dublin, OH 43017
Phone: (614) 357-0934

Jason Click holds a B.S. in Business/Finance from The Ohio State University, Fisher College of Business and has obtained his Certified Financial Planner™ certification. He has extensive investment experience and brings over 18 years of industry experience to his position. He has served in various management roles and financial advisory capacities throughout his career, and is currently a member of the firm’s executive management team. As well as being an instructor for State Treasurer’s CPIM training, State Auditor’s training, and various educational seminars, Jason is also a published contributor to industry publications.

Jason Headings, Vice President Public Funds, Meeder Investment Management

[email protected]
6125 Memorial Drive
Dublin, OH 43017
Phone: (614) 760-2111

Course Details: Markets: a View from Inside the Beltway

Course Description and Learning Objectives

Target Audiences: Counties

Category: Investments

The course will provide an update on the financial markets and the US economy, with a particular emphasis on the impact of Washington politics on both. We will take a look a current Fed policy and the role of central bank involvement in managing the US economy. The course will discuss the factors impacting the Fed’s decision to raise interest rates and the likelihood of additional rate hikes in the coming months. The course will also address the current state of political affairs in the wake of the Nov Election with this new administration.

Information although looks political it is of vital interest to those in the investment market. Market conditions and the forces that drive them are a must to stay abreast of. This course is probably the most interesting and useful of all being proposed. A must for attendees.

Course Material

N/A

Josh Wilsusen, Morgan Stanley Government Relations

Josh Wilsusen is Executive Director of Morgan Stanley Government Relations and is responsible for federal securities and banking-related legislation and regulation. Josh has represented Morgan Stanley in Congress and the administration since 2007. Prior to his work at Morgan Stanley, he served as securities counsel to House Financial Services Committee Chairman Michael Oxley (R-OH), from 2005 to 2007. From 2001 to 2005, Josh was an associate in the New York law office of Baker and McKenzie and the DC office of Pillsbury Winthrop Shaw Pittman. Josh received his undergraduate degree in 1996 from Williams College and his J.D. from Georgetown University Law Center in 2001, and holds a Series 7 license.

Course Details: The Internet of Things - Local Government

Course Description and Learning Objectives

Target Audiences: Counties

Category: Miscellaneous

This course has two parts:

Part 1 (speaker - Richard Sturgis) Rick will cover research data on a variety of topics relevant to internet and mobile technology use in the local government space. Topics related to technology will include; demographics, PCI DSS compliance,
search evolution, and other relevant internet trends impacting local government.

Part 2 (speaker - Clam Lorenz) Clam will cover information security best practices. He will focus on the need for a strong cyber security initiative by agencies.

The course will give the attendees an understanding of internet and cyber trends that impact agency operations and insights into consumer preferences and trends when interacting in the E-commerce space. The course will inform the attendees of best practices around how to keep agency data safe from cyber-attacks.

Course Material

N/A

Richard Sturgis

Rick is a principal in Sturgis web services. Sturgis is a South Carolina based company that specializes in in online and mobile technology solutions for local government and providing citizens and third parties convenient and efficient access to data and secure payment options.

Course Details: Designating Depositories and Developing Investment Policy

Course Description and Learning Objectives

Target Audiences: Counties

Category: Cash Management

This course is designed to give an overview of the investment process in county treasuries including depository agreements, and investment policy development.The course looks at the procedures administered by county Treasurers' as driven by the counties portfolio requirements.

The overall objective is to give those attending a review of the background, procedures, process and requirements as outline by Ohio Law of the investment process and it's built-in safeguards. Samples of depository contracts and county investment policy will be used and reviewed. This course is a must as the time to review and renew the process is fast approaching.

Course Material

N/A

Dawn Cragon, County Treasurer, Ashtabula County

[email protected]
25 West Jefferson St
Jefferson, OH 44047
Phone: (440) 576-3735

Dawn has been Ashtabula County Treasurer since 2009

Course Details: General Group Discussion

Course Description and Learning Objectives

Target Audiences: Counties

Category: Miscellaneous

A course designed to combine the round tables groups that were divided by population and to bring them into a large discussion group let by a panel of the group leaders.Each group will bring back the most interesting discussion topics of each smaller group.

through our evaluation forms we have learned that there tends to be a topic or two discussed in each group that other groups did not discuss but would be beneficial to all counties. Topics include Tax Liens, investment policies and issues, pooled collateral.

Course Material

N/A

See below

DIANE SARGENT, HOCKING COUNTY TREASURER

DAVE KISER, MERCER COUNTY TREASURER

BILL OGG, SCIOTO COUNTY TREASURER

DAWN CRAGON, ASHTABULA COUNTY TREASURER

DAN TALAREK, LORAIN COUNTY TREASURER

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