OASBO Essentials of Financial Management & Administration

OASBO Essentials of Financial Management & Administration - Part I

The Essentials of Financial Management and Administration seminar is a three-day in-depth look at the role of the Treasurer as an SBO and addresses critical issues facing new or intermediate Treasurers. In addition to the topics in the agenda, attendees have an opportunity to ask specific questions they may have and network with a core of veteran treasurers who are willing to share their expertise and experiences. The first two days take place Feb. 7-8, 2018. The final day is scheduled for March 19, 2018.

Host Organization: Ohio Association of School Business Officials (OASBO); Nadeen Askew, Events Manager; (614) 431-9116; [email protected]
Event Date: 2/7/2018 - 2/8/2018
# of Hours Available: 8.75
Location: OASBO Administrator's Board Room
8050 N High Street Suite 170
Columbus, OH 43235
Onsite Contact: Nadeen Askew
Events Manager
Ohio Association of School Business Officials
6144319116
[email protected]

Conference Website
https://oasbo-ohio.org/professional-development/training-opportunities/upcoming-events#/detail/1/1145

Required Materials

MyCPIM Worksheet
Course Description Quick Guide

Wednesday 2/7/2018

11:00 AM - 12:30 PM

Course Name	Speaker(s)	Hours Available
Mechanics of Bonds and Bond Markets	Ryan K. Nelson, CFA, Co-Founder/ Portfolio Manager, RedTree Investment Group	1.5	View

1:00 PM - 2:30 PM

Course Name	Speaker(s)	Hours Available
Official Statement	Kathleen R. Clark, Principal, Fifth Third Securities, Inc.	1.5	View

Thursday 2/8/2018

8:30 AM - 11:00 AM

Course Name	Speaker(s)	Hours Available
Levies, Taxes & Debt	Rick Manoloff, Partner, Squire Patton Boggs LLP	2.25	View

11:00 AM - 12:30 PM

Course Name	Speaker(s)	Hours Available
Property Tax Income, Millage Rates, Dept of Taxation	Mike Sobul, Consultant, Public Finance Resources, Inc.	1.5	View

1:15 PM - 3:15 PM

Course Name	Speaker(s)	Hours Available
Five Year Forecasting	Chris Mohr, Consultant, K-12 Business Consulting	2	View

Course Details: Mechanics of Bonds and Bond Markets

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

Background of bond market, types of bonds, bond structure, security and trading of bonds, analysis, risk measurement and tools to find value when looking at multiple bond offerings.

Statement of Accreditation Rationale: The course will improve the participants’ knowledge in bonds and the bond markets. The focus of this session will be on the market itself, types of bonds, what to look for with investments, risks of owning bonds and how to measure those risks, as well as where to purchase and what to look for. The session will culminate with an exercise in calculating the purchase price and accrued interest of an investment and a discussion of how to handle premiums or discounts and to identify risks and calculate the total return of a given scenario.

Course Material

N/A

Ryan K. Nelson, CFA, Co-Founder/ Portfolio Manager, RedTree Investment Group

[email protected]
4016 Allston Street
Suite 4
Cincinnati, OH 45209
Phone: (513) 758-8494

Ryan has over 25 years of experience in the investment industry with extensive knowledge concerning fixed income markets. For the last 18 years, he has specialized in assisting public entities and other agencies with their fixed income needs. Ryan leads business development at RedTree and oversees the firm’s investment process. His dedication to delivering unmatched service is evident by the many long-standing client relationships he maintains.

Prior Experience
• Baird Public Investment Advisors, Director and Portfolio Manager
• Seasongood Asset Management, LLC, Chief Investment Officer
• Fort Washington Investment Advisors, Inc., Fixed Income Portfolio Manager

Speaking Engagements
Ryan speaks regularly at professional development and continuing education training events, including those offered by the Ohio Treasury’s Center for Public Investment Management (CPIM). He is a sought-after speaker on financial topics and frequently presents to industry groups across the midwestern U.S. Ryan’s speaking topics include: Economic outlook, Interest rates, Ohio Revised Code (ORC) Chapter 135 Allowable Investments, and The Federal Reserve.

Education

Master of Business Administration, Xavier University

Bachelor of Science in Accounting, University of Kentucky

Certifications

Chartered Finance Analyst (CFA)

Series 7, 24, 65 (inactive)

Course Details: Official Statement

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

The presentation is a discussion of the process and specific steps for accessing the lending and investment community that provide money needed for borrowing

Statement of Accreditation Rationale: The course will improve the participants’ knowledge in debt issuance and debt management and administration. The focus is specifically on municipal bonds and stepping through the official statement, reviewing its purpose and benefits. Discussion of the structure of the debt issue, type of offerings, as well as bond rating services will round out this topic.

Course Material

N/A

Kathleen R. Clark, Principal, Fifth Third Securities, Inc.

[email protected]
21 East State Street
Columbus, OH 43215
Phone: (614) 744-5410

Ms. Clark joined the Public Finance group at Fifth Third Securities in 1999. She began her career with Fifth Third Bank one year earlier in the Public Funds department. Currently she provides both technical and analytical assistance in the preparation of both long-term and short-term municipal debt. She has worked on many different types of bond issuance throughout the state such as Ohio school district and municipal issuance of voted general obligation issues, un-voted general obligations, collaborative financings, private placements and certificates of participation.

She has worked with entities to prepare for the rating process as well as analyze the value of additional credit enhancement in the form of bond insurance or the State of Ohio Credit Enhancement Program. Overall, Ms. Clark has worked with issuers on over $750 million of bond and note issues.

Ms. Clark earned a Bachelor of Arts degree from Miami University in 1997. She also earned a Masters of Business Administration degree from Ohio Dominican University in 2008. She is licensed as a FINRA Registered Representative (Series 7 license) as well as a FINRA Uniform Securities for State Law Agent (Series 63 license).

Course Details: Levies, Taxes & Debt

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Tax Collection

There is a 15-minute break from 9:45 am - 10:00 am

Review Ohio Revised Code limitations on levying taxes

Review types of levies

Procedural steps for placing a levy on the ballot and various deadlines

Review sample ballot language

Discuss levy planning for district needs

Statement of Accreditation Rationale: This course will enhance the audience’s working knowledge of levy alternatives, legal restrictions and election proceedings. A sound understanding and knowledge of levies is imperative for financial planning and management of a school district. Review Ohio Revised Code limitations on levying taxes

Course Material

N/A

Rick Manoloff, Partner, Squire Patton Boggs LLP

[email protected]
4900 Key Tower
127 Public Square
Cleveland, OH 44114
Phone: (216) 479-8331

Richard D. Manoloff is experienced as bond counsel in general obligation and special obligation bond financings and as general counsel for Ohio political subdivisions, particularly school districts.

His representation includes counseling public sector clients regarding financings, public records, open meetings, real estate, construction, elections and tax levies. He is frequently invited to make public presentations on these topics. As a co-author, Mr. Manoloff has contributed to Thomson/West’s Ohio School Law.

Mr. Manoloff is listed in The Best Lawyers in America.

Mr. Manoloff is a member of the Board of Trustees of the Children’s Museum of Cleveland, past president of the Board of Trustees of the Cleveland Metropolitan Bar Foundation, former member of the Board of Trustees of the Ohio State Legal Services Association (which provides direct legal services to the poor of Southeastern Ohio and supports legal aid societies statewide), former chair of the city of Lakewood Community Governance Task Force (which rewrote the city’s charter approved by the voters in 2000), former member of the Rocky River Charter Review Commission, past president of the Board of Trustees of the Cleveland Association of Phi Beta Kappa, 2003 recipient of the Crain’s Cleveland Business 40 Under 40 distinction, member of the Cleveland Bridge Builders class of 2002, and member of Leadership Cleveland’s class of 2006.

Course Details: Property Tax Income, Millage Rates, Dept of Taxation

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Tax Collection

The presentation is an overview of the property tax system. It will include a description of the property valuation process and methodology for forecasting changes in values going forward. Following that will be a discussion of the tax reduction factors and floors and how those affect levies. Also discussed will be ho to forecast residential values, new construction, county auditor abstracts, reappraisal and triennial updates CAUV, Income tax, and DOT forms .The final portion of the presentation will marry the two concepts above to show how changes in valuation impact tax rates and how the changes in rates are calculated. The goal of the course is to give the participants a better understanding of the property tax system so they can more accurately forecast property tax revenues when doing budgets and five-year forecasts.

Statement of Accreditation Rationale: The course will improve the participants’ knowledge in cash management directly and investments indirectly. Since the goal of the course is to improve the ability to forecast tax revenues, such additional knowledge will hopefully allow the participants to more accurately forecast cash flow and overall cash balances. This will help with both cash management and with decisions on lengths of investments based on available cash.

Course Material

N/A

Mike Sobul, Consultant, Public Finance Resources, Inc.

[email protected]
130 N. Granger St.
Granville, OH 43023
Phone: 740-587-8116

Mike Sobul has been the Treasurer of the Granville schools since November 2011. Prior to joining the district, he was the Section Chief for Forecasting and Special Projects at the Tax Analysis Division of the Ohio Department of Taxation. He had served at the Department of Taxation from December 1986 until his retirement in July 2011. Prior to joining the Department of Taxation, Mike served for two and one-half years as research associate at the Urban Center at Cleveland State University and two years as a budget analyst for the city of Cleveland.

Mike received his B.A. from Wittenberg University in 1980 and his Masters of Public Policy from the University of Michigan in 1982.

Course Details: Five Year Forecasting

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Cash Management

The presentation is detailed look at the five year forecast line by line. What is that and where do I find that information

Statement of Accreditation Rationale: The course will improve the participants’ knowledge in forecasting, cash flow forecasting, and cash flow management.

Course Material

N/A

Chris Mohr, Consultant, K-12 Business Consulting

[email protected]
P.O. Box 476
New Albany, OH 43054
Phone: ( 614) 580-8544

Chris has a Masters of Business Administration, major in finance, a Bachelors of Science in Business Administration, major in accounting from Miami University, Oxford, Ohio, and Associate of Science, major in Business Administration from Edison State College, Piqua, Ohio.

Chris holds the following licenses, registrations and certificates:

Ohio Public School Treasurer
Ohio Public School Business Manager
Ohio Health, Life, and Variable Annuity Insurance Products
Registered School Business Administrator
Certified Government Financial Manager
Ohio Financial Accountability Certificate

Chris has over 35 years of successful leadership and management experience, with 28 years as an Ohio public school treasurer/CFO and 15 years as president/CEO of K-12 Business Consulting, Inc. specializing in forecasting services, treasurer and superintendent searches.

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