OASBO / Forecast5 Webinar: Shaping the Cash Balance Conversation
There seems to be a lot of buzz about cash balances lately – the union wants a raise, your taxpayers and the state think you have too much, and your Board wants to spend it on new turf. But as the district CFO, what can you do to help shape the conversation around cash balances, why you need it, what a reasonable balance is, and what strategically you can be doing with that money?
Ohio Association of School Business Officials (OASBO)
Course Details: Shaping the Cash Balance Conversation
Target Audiences: School Districts
Category: Cash Management
This course will provide learners with an overview of the following information, including how to best message these items to key district stakeholders:
Key cash balance metrics – what makes sense for your district?
Why cash balance is important, and what your board needs to know about cash balance leadership?
Why might you still need a levy even though you have a “healthy” cash balance?
Ways to use cash balance to strategically serve your students.
1Statement of Accreditation Rationale:
A CFOs thorough understanding of their district’s cash balance, its ebb and flow, and being able to understand and message key metrics related to their cash balance is imperative.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, as well as to identify available funds for investment purposes.They also need to be able to effectively message the need for a cash balance to internal and external stakeholders.
Mike Sobul, currently a consultant with Forecast5 Analytics, has been the Treasurer of the Granville schools since November 2011, retiring June 2019. 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 also served as a consultant with Public Finance Resources, Inc., which was recently bought out by Forecast5 Analytics.
Mike received his B.A. from Wittenberg University in 1980 and his Masters of Public Policy from the University of Michigan in 1982.
Ernie Strawser, Senior Vice President with Forecast5, has over 30 years of public finance experience as a CFO, consultant, and developer and instructor of forecasting techniques and tools. Ernie works with clients to facilitate their understanding of local financial results, trends, and strategies. Prior to joining Forecast5, Ernie was a consultant for Public Finance Resources, and Treasurer/CFO at Norwood City School District in Hamilton County. He holds both a Master’s degree in Administration from Central Michigan University and a Bachelor’s degree in Finance from Ohio University.