PFR 5-Year Financial Forecasting Seminar

PFR 5-Year Financial Forecasting Seminar - Athens CSD #1

Host Organization: Ohio School Boards Association (OSBA); Jeff Chambers; (614) 540-4000 ext 271; [email protected]
Event Date: 9/7/2017
# of Hours Available: 3
Location: Athens CSD - BOE Annex
25 South Plains Road
The Plains, OH 45780
Onsite Contact: Matt Bunting
Treasurer/CFO
Athens CSD
740-797-4506
[email protected]

Conference Website
http://pfrcfo.com/forecasting-seminars/

Required Materials
Course Description Quick Guide

Other Event Materials
MyCPIM Worksheet

Thursday 9/7/2017

8:30 AM - 10:00 AM

Course Name	Speaker(s)	Hours Available
Local Revenue Projections	Matt Bunting, Consultant, Public Finance Resources, Inc., Ryan Ghizzoni, Consultant, Public Finance Resources, Inc., Stacy Overly, Consultant, Public Finance Resources, Inc.	1.5	View

1:00 PM - 2:30 PM

Course Name	Speaker(s)	Hours Available
State Formula Funding	Matt Bunting, Consultant, Public Finance Resources, Inc., Ryan Ghizzoni, Consultant, Public Finance Resources, Inc., Stacy Overly, Consultant, Public Finance Resources, Inc.	1.5	View

Course Details: Local Revenue Projections

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Tax Collection

Local funding, i.e. property and income taxes, is one of the two major sources of revenue that Ohio school districts receive and need to manage their cash flow to – especially given the cyclical nature of this type of revenue source. In this session, Ernie Strawser, Stacy Overly, Bryan “Matt” Bunting, Mike Sobul and Ryan Ghizzoni, consultants at Public Finance Resources, will provide information on local economic indicators and assist school district treasurers in making reliable property tax estimates for the fiscal year. Items to be covered in this session are:

¬ Real estate tax abstract – overview and what story is it telling for your district?
¬ Valuations – what’s going on around the state and locally? How will the changes to the CAUV program impact you? What to model going forward.
¬ Tax rates – what has been happening to your tax rates? HB 920 impact, and how tax rates respond to modeled valuation changes. How do thinks looking in future years, and overall impact to revenue?
¬ Tax settlement sheets – what are your tax settlement sheets telling you, or omitting? – advances, delinquencies, refunds, exemptions, rollback and homestead reimbursement, and year-over-year change analysis.
¬ Putting it altogether – making future year projections, including impact analysis and modeling.
¬ Public utility and property tax allocation – review and revenue projections
¬ Income tax – review and revenue projections, plus statewide and local trend discussion

Tax revenue estimates are then used to update cash flow projections for current and future fiscal years, which will then give the district treasurers a reliable picture of the ‘ebb and flow’ of their revenue in which they need to manage their districts to. This data will also lend well to income tax cash flow projections to be discussed later on in the seminar.

Course Material

N/A

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.

Ryan Ghizzoni, Consultant, Public Finance Resources, Inc.

[email protected]
390 Fair Street
Berea, OH 44017
Phone: (216) 898-8300 Ex 6204

Ryan Ghizzoni began his career in finance at the Auditor of State’s Office, and has served the last 10 years as a school district treasurer. During his career, he has been the recipient of several Ohio Association of School Business Officials (OASBO) International Meritorious Budget Awards and was the recipient of the OASBO 2011 Outstanding Treasurer of the Year Award. Ryan holds a Bachelors of Business Administration from the Youngstown State University, and is a Certified Administrator of School Finance and Operations.

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.

Course Details: State Formula Funding

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Cash Management

State funding is one of the two major sources of revenue that Ohio school districts receive and need to manage their cash flow to. With a new biennial budget set for release for the FY 2018/2019 school year, it is essential that treasurers understand all the pieces of the funding formula and how the interaction of those pieces impact the cash they receive as circumstances change throughout the year. In this session, Ernie Strawser, Stacy Overly, Bryan “Matt” Bunting, Mike Sobul and Ryan Ghizzoni, consultants at Public Finance Resources, will analyze the components of the funding formula and how changes in enrollment and economic factors could have a major impact on projected funding and district wealth ranking. Information to be covered in this session includes:

¬ What changed from the prior formula?
¬ Enrollment – overall trends, counting kids and projecting
¬ State funding components – discussion of each funding component, and what’s important to calculating and projecting.
¬ The cap, guarantee and formula – strategic concept, including risk and exposure
¬ Your district’s state funding message
¬ Economic disadvantaged funding
¬ Unrestricted and restricted aid wrap-up
¬ Tangible personal property reimbursement phase-out

Knowing the factors that impact funding, the district CFO will be better prepared to project current and future year cash flow revenue.

Course Material

N/A

Matt Bunting, Consultant, Public Finance Resources, Inc.

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

Ryan Ghizzoni, Consultant, Public Finance Resources, Inc.

[email protected]
390 Fair Street
Berea, OH 44017
Phone: (216) 898-8300 Ex 6204

Stacy Overly, Consultant, Public Finance Resources, Inc.

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

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