OASBO Southern Valley Chapter Meeting

Host Organization: Ohio Association of School Business Officials (OASBO); Nadeen Askew, Events Manager; (614) 431-9116; [email protected]
Event Date: 5/11/2017
# of Hours Available: 3
Location: Athens City Schools Training Lab
25 South Plains Rd
The Plains, OH 45780
Onsite Contact: Melcie Wells
Treasurer
Warren Local School District
740.678.2366 ext. 114
[email protected]

Conference Website
https://oasbo-ohio.org/chapters-and-committees/chapters/southern-valley

Required Materials
Course Description Quick Guide

Other Event Materials
MyCPIM Worksheet

Thursday 5/11/2017

9:30 AM - 10:30 AM

Course Name	Speaker(s)	Hours Available
Principles of Investment Accounting	Dennis Yacobozzi, President & CEO, United American Capital Corporation (UACC)	1	View

10:30 AM - 11:30 AM

Course Name	Speaker(s)	Hours Available
Maximizing Yield and Maintaining Liquidity in Today's Market	Dennis Yacobozzi, President & CEO, United American Capital Corporation (UACC)	1	View

11:30 AM - 12:30 PM

Course Name	Speaker(s)	Hours Available
Economic Trends, Your Local Economy, Cash Flow, and School Funding	Mike Sobul, Consultant, Public Finance Resources, Inc. and Treasurer, Granville EVSD, Matt Bunting, Consultant, Public Finance Resources, Inc., Ernie Strawser, Consultant, Public Finance Resources, Inc., Stacy Overly, Consultant, Public Finance Resources, Inc.	1	View

Course Details: Principles of Investment Accounting

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Investments

The session will provide an overview of the components of an investment accounting system, including required reporting information as specified under certain sections of the Ohio Revised Code. The course will define and illustrate how the official records of a public entity should account for investments, the treatment of income, and other records reflecting investment activity.

Course Learning Objectives:
- Understanding the minimum reporting requirements of an investment program. Understanding the duties and responsibilities of the public official as the Investing Authority.
- Understanding the major components of an annual audit of your investment program.
- Understanding the functions of the custodian bank, broker/dealers, investment advisors, and the interaction with the public entity.
- Understanding the importance of the separation of duties and responsibilities.

Course Material

N/A

Dennis Yacobozzi, President & CEO, United American Capital Corporation (UACC)

[email protected]
75 East Wilson Bridge Road
Suite C3
Worthington, OH 43085
Phone: (614) 885-7596

Dennis Yacobozzi is the President and CEO of United American Capital Corporation (UACC), a registered investment advisor specializing in the management of public funds. Founded in 1991, UACC provides investment management services to public entities throughout Ohio. The firm’s managed assets include counties, municipalities, school districts, institutions of higher learning, and other public entities.

UACC is a recognized name in the area of public funds. With over $5 billion under discretionary management, UACC is the largest firm in Ohio to exclusively manage the investments of public entities.

Mr. Yacobozzi regularly participates as an instructor for many professional organizations including CTAO, OASBO, OAPT. He has authored several courses and continues to participate as an instructor for the Center for Public Investment Management.

Course Details: Maximizing Yield and Maintaining Liquidity in Today's Market

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

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

Dennis Yacobozzi, President & CEO, United American Capital Corporation (UACC)

[email protected]
75 East Wilson Bridge Road
Suite C3
Worthington, OH 43085
Phone: (614) 885-7596

UACC is a recognized name in the area of public funds. With over $5 billion under discretionary management, UACC is the largest firm in Ohio to exclusively manage the investments of public entities.

Course Details: Economic Trends, Your Local Economy, Cash Flow, and School Funding

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Cash Management

Ernie Strawser, Stacy Overly, Matt Bunting, and Mike Sobul, Consultants at Public Finance Resources, will provide an economic update and information on the current condition of Ohio’s finances. The team will use readily available data from the Ohio Department of Education, the Ohio Department of Taxation and the Ohio Office of Budget Management to help assess your local economy’s direction, state funding trends, property tax collections, and the impact those items can have on their district’s cash flow, Ohio schools as a whole, and the state. Specifically, sales ratio data, tax abstracts, the State Treasurers report, and home sales data from the Ohio Department of Taxation will be used in this session. Information will then be used by the treasurers to better prepare accurate financial projections by incorporating the variances and economic data in to their cash flow projections as the seminar progresses. Towards the end of the session the school funding formula will be discussed, including the underlying economic indicators used in the formula and the impact on Ohio schools.

Statement of Accreditation Rationale: This session will increase the attendee’s working knowledge of key economic indicators that should be incorporated in to the treasurer’s forecasted cash flow projections. Reliable cash flow projections are necessary for effective cash management by the school district, as treasurer’s need to ensure that they have enough cash on hand to meet expenditure or debt obligations throughout the fiscal year and identify available funds for investment purposes. District cash flow will also be discussed as it pertains to the new school funding formula, and what treasurers can expect.

Course Material

N/A

Mike Sobul, Consultant, Public Finance Resources, Inc. and Treasurer, Granville EVSD

Mike Sobul, Consultant, brings 31 years of experience in public finance and tax analysis. Currently a school district treasurer, Mike spent nearly 26 years with the Ohio Department of Taxation where he led revenue forecasting efforts and provided analysis, training, and fiscal services to schools and local governments. Mike holds a Master’s Degree in Public Policy from the University of Michigan and a Bachelor’s Degree in Economics and Political Science from Wittenberg University.

Matt Bunting, Consultant, Public Finance Resources, Inc.

[email protected]
PO Box 1822
Columbus, OH 43216
Phone: (614) 732-5948

Matt Bunting, Consultant, has over 30 years of experience in the public finance sector. This includes 20 years of experience serving as a school district treasurer, and 11 years with the Auditor of State where he led financial, legal compliance, and Federal single audits of government entities. Matt has 15 years providing instruction and training opportunities attended and used by over two hundred of Ohio’s public school treasurers. He holds a Degree in Accounting from Hocking College, and is a Certified Government Financial Manager.

Ernie Strawser, Consultant, Public Finance Resources, Inc.

[email protected]
2132 Williams Ave
Norwood, OH 45212
Phone: (740) 412-3498

Ernie Strawser, Consultant, provides direct services to public finance clients. He has over 30 years of public finance experience as a CFO, consultant, and developer and instructor of financial forecasting techniques and tools which have been used by over two hundred Ohio school district CFOs. Ernie works with clients to facilitate their understanding of local financial results, trends, and strategies. He holds both a Master’s of Science in Administration from Central Michigan University and a Bachelor of Science in Finance from Ohio University.

Stacy Overly, Consultant, Public Finance Resources, Inc.

[email protected]
385 Viking Way
Ashville, OH 43103
Phone: (740) 983-5012

Stacy Overly, Consultant, provides direct financial services to public entities. He has over 20 years of experience serving as school district treasurer, including 15 plus years of developing financial forecasting tools, and providing instruction and training opportunities attended and used by over two hundred of Ohio’s public school treasurers. Stacy works with clients to analyze trends and review local economic data to help determine a long-term operating strategy for the organization. He holds his Masters of Business Administration and his Bachelors of Business Administration in Finance from Ohio University.

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