OASBO Treasurer Hot Topics Seminar, Winter

Course Name	Speaker(s)	Hours Available
Bond Issuance 101	Samuel Adams, Vice President - Public Finance Group, KeyBanc Capital Markets, Inc., Charles Wise, Vice President - Public Sector Group, KeyBanc Capital Markets, Inc.	1	View

Course Name	Speaker(s)	Hours Available
Public Finance Best Practices	Michael G. Sudsina, Managing Partner, Sudsina & Associates, LLC	1	View

Course Name	Speaker(s)	Hours Available
Role of Bond Counsel & Preparing an Official Statement	Jennifer Blaser, Legal Counsel, Dinsmore & Shohl LLP	1	View

Course Name	Speaker(s)	Hours Available
Preparing and Responding to Rating Agencies	Kenton S. Cashell, Managing Director, RBC Capital Markets	1	View

Course Name	Speaker(s)	Hours Available
Bond Proceeds- Maximizing Your Investments	Ryan K. Nelson, CFA, Co-Founder/ Portfolio Manager, RedTree Investment Group	1	View

Course Name	Speaker(s)	Hours Available
Construction Management, Retaining and Ohio Facilities Construction Commission (OFCC) Close Out	Rebecca C. Princehorn, Esq., Partner, Bricker & Eckler LLP, Sylvia Gillis, Partner, Bricker & Eckler LLP	1	View

Course Name	Speaker(s)	Hours Available
Underwriter vs. Municipal Advisor - Roles and Responsibilities	Marvin L. Founds, Director of Ohio Education Finance, H.J. Umbaugh & Associates, CPA, LLP	1	View

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

This course covers the process a Treasurer would undertake in issuing bonds for their School District. Participants will learn about the differing parties involved in the transaction, the basics of the bond market, issuance strategies and how to communicate the process to other District stakeholders.

Statement of Accreditation Rationale: The course content relates to the issuance of municipal securities for Ohio School Districts. Primarily focused on the issuance process, this course will also provide attendees with fundamental principles to further develop their knowledge of the bond market.

Course Material

N/A

Samuel Adams, Vice President - Public Finance Group, KeyBanc Capital Markets, Inc.

[email protected]
88 E Broad St, 7th Floor
Columbus, OH 43215
Phone: 614-460-3416

Sam Adams joined KeyBanc Capital Markets Inc. in 2016. He was previously at PNC Capital Markets and Lancaster Pollard (a boutique mortgage and investment bank). He has been working with public finance clients for 6 years. Mr. Adams has experience structuring debt solutions for clients in public finance, including Municipalities, School Districts and project developments ranging from affordable housing to healthcare. Mr. Adams specializes in assisting school districts with structured debt solutions and credit rating analysis and optimization. He has been the lead banker on both publically offered issues, rated and unrated, as well as privately placed issues. His clients include school districts, state agencies, cities, counties, various not-for-profit entities and private developers.

Mr. Adams graduated from Northwestern University with a B.A. in Economics, from the Ohio State University Moritz College of Law with a J.D. and from the Ohio State University Fisher College of Business with an M.B.A. He holds the FINRA Series 7, 63 and 79 licenses. Prior to his career in finance, he worked in management consulting. He is a former Board Member of the Ohio Municipal Advisory Council.

Charles Wise, Vice President - Public Sector Group, KeyBanc Capital Markets, Inc.

[email protected]
88 E Broad St, 7th Floor
Columbus, OH 43215
Phone: 614.460.3479

Charles Wise is a Vice President in the Public Sector Group. In his role with Key, he oversees relationships and works on traditional bank type products, as well as lease and direct placement financings with state, county and municipal entities, k-12 school districts and higher education institutions. Charles began his career in the field of government by serving in the Ohio House of Representatives as a policy advisor to two former Ohio House Speakers working on a variety of issues dealing with commerce and labor, financial institutions, insurance, pensions, public utilities, transportation and public safety, and workers’ compensation. Charles was a member of the Ohio Homeland Security Advisory Council and was elected to the Gahanna Jefferson School Board. Mr. Wise holds a Bachelor of Arts degree in Communications from Ohio Dominican University and a Masters of Business Administration degree from Franklin University. He also holds his Series 52 and Series 63 license.

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

The recently proposed "Tax Cut and Jobs Act" calls for the elimination of tax-exempt advance refunding bonds which, if enacted, would reduce the number of opportunities for school districts to refinance their debt. This, accompanied with other regulatory changes coming out of the SEC require careful consideration for schools as they review their debt portfolios, consider refundings and move forward with new debt plans. Participants will receive an overview of these changes and be provided considerations for their on-going debt management and planning activities.

CPIM Track Learning Objective and Accreditation Rationale

The learning objectives provided by this session will include an overview of legislative and regulatory changes coming out of Washington that may impact school district debt planning and management activities. Participants will receive an overview of these changes and be provided considerations for their on-going debt management and planning activities.

Course Material

N/A

Michael G. Sudsina, Managing Partner, Sudsina & Associates, LLC

[email protected]
PO Box 230
Vermillion, OH 44089
Phone: (216) 215-7753

Mr. Sudsina, CEO of Sudsina & Associates, LLC, provides financial advisory and deal structuring services, plays an active role in the preparation of official statements for clients and regularly prepares issuers for credit rating presentations. His most critical role, however, is providing pricing and structuring oversight to ensure on-market pricing with the most flexible terms for clients' financings. He has served as financial advisor or lead banker to nearly 50 cities, counties, schools and special districts in Ohio and Pennsylvania. Overall, he has participated in more than 300 financings amounting to over $3 billion in par value.

Mike is one of only two Certified Independent Public Financial Advisors in the State of Ohio, a certification bestowed upon only highly qualified professionals by the National Association of Independent Public Financial Advisors (NAIPFA). He has published articles on the topic of municipal finance and lectured to numerous academic and professional organizations. He has served on the Debt Policy Committee of the Association of Public Treasurers of the U.S. and Canada, is a member of that organization of of the Government Finance Officers Association, the Cleveland Chapter of the Municipal Finance Officers Association, the Association of School Business Officials and Sudsina & Associates is a firm member of NAIPFA. Mike has served on NAIPFA's Board of Directors and currently serves as the organizations Treasurer.

Mr. Sudsina formed Sudsina & Associates in 2002, after 10 years with A.G. Edwards' Cleveland Public Finance group and as head of Fifth Third Securities Cleveland Public Finance practice. Prior to his investment banking career, he held positions with Price Waterhouse, the City of Cleveland's Finance and Economic Development Departments and the firm of Deloitte & Touche. He received his B.S. in Business Administration from The Ohio State University and MBA, with a concentration in finance, from Cleveland State University, holds a CPA certificate and has passed a variety of securities exams.

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

This course will cover the parties involved in the issuance of debt by a school district, specifically the role of bond counsel. Bond counsel is the legal entity that ensures when a school district issues debt it is in compliance with State, Federal and SEC rules and requirements. This course will cover legal issues in a debt financing that Bond Counsel must document along with an understanding of the approving opinion bond counsel is required to provide to the purchaser of debt at the closing that the school district debt is valid, binding and tax-exempt.

In connection with a district issuing bonds in the capital markets, bond counsel will assist the school district in preparing an Official Statement. This course will explain what an Official Statement is, the SEC rules with respect to preparing an Office Statement (Rule 15c2-12), and the items usually contained in an Official Statement (financials, operations, economic development, etc.). The course will also review the process, the time-line and parties involved in preparing an official statement.

Learning Objective: Increased understanding of the debt issuance process and the use of bond counsel. Understanding the components, process and timing of preparing an Official Statement.

Course Material

N/A

Jennifer Blaser, Legal Counsel, Dinsmore & Shohl LLP

[email protected]
191 West Nationwide Blvd
Suite 300
Columbus, OH 43215
Phone: (614) 233-5391

With experience in many aspects of public finance law, Jennifer Blaser serves as bond and underwriters counsel in numerous traditional governmental financing transactions. Specifically, her focus includes working with cities, counties, townships and school districts throughout the State of Ohio to finance their capital projects. As bond counsel, Jennifer has facilitated bond and note issues for traditional governmental projects such as primary and secondary education, fire and public safety buildings and equipment, building improvements and libraries. Jennifer also serves as special counsel in connection with lease and lease-purchase financings. Jennifer also assists a majority of the Columbus office's municipal clients with their SEC annual disclosure requirements. Ms. Blaser is a frequent speaker at firm-sponsored client seminars, as well as for the Buckeye Association of School Administrators, the County Auditor’s Association of Ohio, the Ohio Association of School Business Officials and the Ohio School Boards Association.

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

Presenting to rating agencies, whether you are preparing for a bond issue or simply undergoing routine surveillance, is one of the most important things that a CFO will do. Achieving and maintaining the highest credit rating translates into lower borrowing costs and also can serve as a source of pride for the Administration and the Board of Education. This presentation will walk through each area of focus in a rating presentation in detail, and provide numerous examples of how to present material in the clearest and most useful fashion. This presentation should result in treasurers having a much clearer picture of what is required in a rating agency presentation and how to best approach the process of presenting to the rating agencies.

At the conclusion of this session Treasurers will have a better understanding of the credit rating process for bond financings, the important factors and considerations of the rating agencies, and how to best present the District and management.

Statement of Accreditation Rationale: We believe this session should carry the CPIM accreditation because the topics covered are important to school district treasurers, timely, and provide in depth information on the topics covered. This presentation will cover the credit rating process in depth from beginning to end focusing on the specific factors that rating agencies evaluate when assigning a credit rating. Treasurers and School Business Officials will leave this session with a greater understanding of the value to obtaining the highest credit rating possible (in the form of lower interest rates) and real life strategies to present their District’s credit profile in a professional format that puts their best foot forward.

Course Material

N/A

Kenton S. Cashell, Managing Director, RBC Capital Markets

[email protected]
255 East 5th Street
Suite 1000
Cincinnati, OH 45202
Phone: (513) 826-0551

Mr. Cashell is a Managing Director in the Cincinnati, Ohio Municipal Finance office of RBC Capital Markets and manages Public Finance for Ohio.

Mr. Cashell joined RBC Capital Markets in 2002 after serving as Chief Operating Officer/Chief Information Officer for Cincinnati Public Schools. As COO/CIO, Mr. Cashell oversaw all non-instructional areas for the district. Prior to coming to Cincinnati, Mr. Cashell served for nine years in finance, policy and administrative positions in Delaware state government. His last position there was Associate Secretary of Education for Finance, Policy and Administrative Services. In the latter role, Mr. Cashell acted as the Chief Financial Officer for the State Department of Education.

Mr. Cashell specializes in education and local government transactions including tax increment financing (TIF). Mr. Cashell also administers several large structured pooled financing programs in the State of Ohio.

Mr. Cashell currently holds Series 7, Series 63, Series 53, Series 24 and Series 50 licenses. Mr. Cashell holds Bachelor of Science and Master of Science degrees in Economics from the University of Delaware, specializing in mathematical economics and econometrics.

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

One of the many aspects of issuing debt for construction projects is what happens once the funds arrive. This session will cover the steps Treasurers need to take in to account to safeguard and maximize the investment of funds over the life of the project.

Learning Objectives:

Discussion on steps Treasurers need to have in place before, during and after a construction project in order to make the most of the funds
Understanding of how to prepare the District’s investments for a fluctuating market and ever changing draw schedule
Discussion on how to best utilize allowable investment options to maximize interest earnings while mitigating investment risks

Statement of Accreditation Rationale:

Attendees will obtain information that will increase their knowledge of what happens once the District issues debt. There are many aspects of investing debt proceeds; Including understanding of allowable investments, draw schedules, setting expectations, working with professionals, and the importance of accurate investment reports. Attendees will gain a better understanding of how to prepare the District to accommodate a large sum of monies and build prudent investment strategies to fit their project needs.

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 Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

This course covers management of construction under the permitted construction delivery models: construction manager; construction manager at risk; design-build; and multiple prime. Related subjects of retainage, OFCC close out and OFCC maintenance will also be reviewed.

Statement of Accreditation Rationale: The course content will enable school treasurers to understand the best construction delivery model for the type of project under consideration and how to manage the model chosen. Additionally, end of project considerations regarding retainage accounts, proper fund transfers for remaining funds and OFCC close out requirements will be reviewed, as well as on-going OFCC maintenance requirements and applicable policies for expending maintenance funds.

Course Material

N/A

Rebecca C. Princehorn, Esq., Partner, Bricker & Eckler LLP

[email protected]
100 South Third Street
Columbus, OH 43215
Phone: (614) 227-2302

Becky Princehorn is a partner and co-chair of the Public Finance group at Bricker & Eckler LLP. Her practice emphasizes school and local government law. She served as bond counsel for the first Ohio income tax-backed school district bonds; for the first publicly offered PLF-backed library notes; for the first school district in the Extreme Environmental Contamination Program of the Ohio School Facilities Commission; for the first Ohio general obligation bond issue with a local government fund pledge; for the first Ohio municipal general obligation bond issue for housing; and for the first Ohio school district minibond issue. She also served as counsel on the formation of the first limited home rule township in central Ohio and has structured collaborations between local governments, particularly those involving school districts, and gifts to local governments.

Sylvia Gillis, Partner, Bricker & Eckler LLP

[email protected]
100 S 3rd Street
Columbus, OH 43215
Phone: (614) 227-2353

Sylvia Gillis has a practice emphasizing construction law and bidding and procurement issues for public and private sector clients, including schools, libraries and hospitals. She also has experience working on design-build and construction manager at risk projects. Many of the school clients she works with are participating in Ohio Facilities Construction Commission programs.

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

What is an underwriter? Why should I know about a municipal advisor? These are just a couple of questions that should be asked when coordinating a successful financing of any size. Whether a capital project is in the near future for a school district or not, the understanding of financing team members’ roles and responsibilities is essential when the time comes to enter into the municipal bond market. This session will use GFOA best practices and MSRB sources to provide understanding of this topic.

CPIM Track Leaning Objective and Accreditation Rationale

Participants will learn what roles and responsibilities an underwriter and a municipal advisor have in a debt financing. Government Finance Officers Association (GFOA) best practices and Municipal Securities Rulemaking Board (MSRB) publications will be used to provide description and detail for understanding of these topics. Participants will also gain better knowledge of roles of other financing team members, including their own.

Course Material

N/A

Marvin L. Founds, Director of Ohio Education Finance, H.J. Umbaugh & Associates, CPA, LLP

[email protected]
175 S Third St, Suite 1250
Columbus, OH 43215
Phone: (614) 264-3022

Mr. Founds joined H. J. Umbaugh & Associates in 2016 following twenty‐five years of combined experience in government finance and investment banking. His experience includes seventeen years as treasurer/CFO for various Ohio school districts and over nine years in public finance and municipal bond underwriting.

Mr. Founds has worked with school districts, municipalities, special taxing districts, and other municipal debt issuers. He has been involved in various types of financings including general obligation, certificates of participation (COPs), unvoted debt, bond anticipation notes (BANs), rolling note programs, and permanent improvement borrowing.

Mr. Founds has a Bachelor of Science degree in Business Administration from The Ohio State University. He also completed a Master of Business Administration and Master of Education from Ashland University. Mr. Founds is a Registered General Securities Principal (Series 24) Registered General Securities Representative (Series 7), Registered Municipal Securities Principal (Series 53), and Registered Uniform Securities Agent (Series 63).

OASBO Treasurer Hot Topics Seminar, Winter

Thursday 1/25/2018

Friday 1/26/2018