OASBO Miami Valley/Ohio Valley Joint Chapter Meeting

Joint local meeting of OASBO's Miami Valley and Ohio Valley chapters.

Host Organization: Ohio Association of School Business Officials (OASBO); Nadeen Askew, Events Manager; (614) 431-9116; [email protected]
Event Date: 1/27/2023
# of Hours Available: 2.25
Location: Public Safety Education Complex - Butler Tech
5140 Princeton-Glendale Road
Liberty Township , OH 45011
Onsite Contact: Michael Davis
Treasurer
Indian Hill EVSD
(419) 576-0630
[email protected]

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

Required Materials

MyCPIM Worksheet
Course Description Quick Guide

Friday 1/27/2023

10:00 AM - 10:45 AM

Course Name	Speaker(s)	Hours Available
Hot Topics in Debt	Andrew Laskey, Vice President, RBC Capital Markets, Heather Arling, Director-Public Finance, Bradley Payne Advisors, LLC	0.75	View

12:30 PM - 1:15 PM

Course Name	Speaker(s)	Hours Available
Capital Planning	Dan Schall, Municipal Advisor/Director, Bradley Payne Advisors	0.75	View

1:15 PM - 2:00 PM

Course Name	Speaker(s)	Hours Available
State Funding	Ernie Strawser, Senior Vice President, Frontline Education, Ryan Ghizzoni, Senior Analytics Advisor, Frontline Education	0.75	View

Course Details: Hot Topics in Debt

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Cash Management

This course will cover two borrowing related topics that have been significant areas of focus for our respective clients over the past year or so. We plan to cover the following topics:
Supplemental Borrowings for Rising Construction Costs – Most districts working through capital facilities projects are experiencing cost overruns, mainly due to the inflationary environment we are currently in. Many times solutions to these issues as they arise are a combination of value engineering and supplemental borrowings. We will discuss options available to school districts for supplemental financings and important items to consider before doing so.
Debt planning – Any district with debt outstanding should know the structure of that debt, the maturities of each outstanding bond issue and possible drops in debt service and millage. Many times it can be helpful to time new debt issues around the drop off of existing debt in order to possibly minimize the tax increase on residents. We will explain how to approach such decisions and the questions to ask your finance professionals so you know key dates and parameters around taking advantage of such opportunities.

School business officials should be able to understand options that exist for supplemental borrowings related to capital facilities programs, should they be required. This includes permissible security structures that do not require additional voter approval such as capital leases or COPS. We will also discuss methods of sale and the advantages and disadvantages of each.

When planning for larger facilities projects key considerations include how to minimize possible tax increases. This can help in gaining community support on the ballot and running a school district with tax rates that are competitive as compared to comparable and neighboring school districts.

Statement of Accreditation Rationale:
School business officials should be able to understand options that exist for supplemental borrowings related to capital facilities programs, should they be required. This includes permissible security structures that do not require additional voter approval such as capital leases or COPS. We will also discuss methods of sale and the advantages and disadvantages of each.

When planning for larger facilities projects key considerations include how to minimize possible tax increases. This can help in gaining community support on the ballot and running a school district with tax rates that are competitive as compared to comparable and neighboring school districts.

Course Material

N/A

Andrew Laskey, Vice President, RBC Capital Markets

[email protected]
212 East Fifth Street
Suite 1000
Cincinnati, OH 45202
Phone: (513) 826-0582

Mr. Laskey is a Director in the Cincinnati, Ohio Municipal Finance office of RBC Capital Markets and has worked at RBC Capital Markets since July of 2006. Andrew has worked with hundreds of local governmental entities throughout Ohio on debt offerings including school districts, cities, counties, townships as well as the State of Ohio. Additionally, Andrew has presented at numerous conferences on a variety of topics related to municipal bond issues and the bond underwriting process.

Andrew currently serves on the Board of Trustees for the Ohio Municipal Advisory Council, a repository of statistical information relating to Ohio municipal issuers and their securities. Mr. Laskey formerly served on the Board of Trustees for Clovernook Center for the Blind in Cincinnati but remains actively involved in the organization.

Andrew attended the University of Cincinnati and graduated Magna Cum Laude from the Honors-PLUS business program. He is a Registered Securities Representative, registered with the NASD and SEC.

Heather Arling, Director-Public Finance, Bradley Payne Advisors, LLC

[email protected]
11260 Chester Rd Ste 375
Cincinnati, OH 45246
Phone: 513.772.5597

Heather Arling is a Director in the Cincinnati office of Bradley Payne Advisors. Prior to joining Bradley Payne Advisors, Ms. Arling worked for William Blair & Company and Fifth Third Securities, Inc., where she was responsible for the analysis and execution of short term and long-term debt offerings for K-12 school districts, municipalities, higher education, non-profits and special districts. Ms. Arling has over 14 years of experience in public finance and has significant experience working with the region’s leading issuers and has structured an estimated 800 municipal bond financings.

As a Director, Ms. Arling’s primary responsibilities include completing debt overview profiles, performing credit and restructuring analyses, and providing deal execution support. Ms. Arling also focuses on clients’ debt profiles, advises them on refunding opportunities and creates structures to optimize savings. Ms. Arling plays an integral role during bond pricings by helping issuer ensure the best information is available to investors when a client’s bonds are being marketed to potential buyers.

Ms. Arling is a Registered Municipal Advisor, registered with the Municipal Securities Rulemaking Board (MSRB) and the Securities Exchange Commission (SEC). She currently holds a Series 50 license. Ms. Arling received a Bachelor of Science with a Major in Finance from Ohio State University, Columbus, Ohio.

Course Details: Capital Planning

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

This course will cover an overview of capital planning for schools.

The course will provide . . . . . .
Understanding what capital assets are
Revenue/Budget considerations associated with the maintenance of capital assets
Understanding financing capital assets and the impact on cash flows
How to assess and forecast needed cost of capital assets along with operation needs
Appropriately reacting to unexpected capital needs
Understanding the inclusion and integration of new capital projects with the maintenance of existing capital assets and existing debt structure.

Statement of Accreditation Rationale:
Planning for the cost of capital assets is critical to public financial leaders as the cost is often a large percentage of overall expenditures and requires in-depth understanding of public fund limitations, financing options, and proper debt/cash flow management to protect public entities and best utilize tax dollars.

Course Material

N/A

Dan Schall, Municipal Advisor/Director, Bradley Payne Advisors

[email protected]
171 Montclair Ave
Circleville, OH 43113
Phone: (937) 524-4217

Dan Schall joined Bradley Payne Advisors September, 2021. Prior to joining Bradley Payne, Mr. Schall lead the creation and build out of the Shared Resource Center, a council of governments designed to help public entities in Ohio develop and meet their financial goals. Dan started in corporate communication and finance before serving as a school treasurer for 22 years.

Dan specializes in long term financial planning for the public sector delivering creative and collaborative approaches to resourcing public projects and building sustainable capital plans.

Mr. Schall is a Registered Municipal Advisor, registered with the Municipal Securities

Rulemaking Board (MSRB) and the Securities Exchange Commission (SEC). He currently

holds a Series 50 license and is a licensed school Treasurer in the State of Ohio.

Mr. Schall received a Bachelor of Business Administration Degree from the University of Dayton with a concentration in Finance and a Masters in Business Administration from The Ohio State University.

Course Details: State Funding

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

The Fair School Funding Plan made dramatic changes to how per pupil funding was calculated for districts in Ohio. This session will explore:
• Retrospectively – how did your district fare over the past five years – using the FSFP methodology
• How does lack of year-over-year guarantees impact revenue for both formula and guarantee districts
• Local levy impact and understanding (and misunderstanding)
• What role will the economy play in state and local funding
• How to plan for uncertainty

Learn about your district’s state funding profile, and how knowing how knowing your state funding projection trends will:
• Provide better cash management opportunities
• Enable stakeholders to understand local funding status and potential need
• Empower CFO’s and Superintendents to be state funding advocates for their districts
• Build a financial basis for strategically planning the district’s operations

Statement of Accreditation Rationale:
Thorough understanding of a district’s finances, including where they have been and where they are projected to go, is critical for any district CFO or decision maker. Having tools, resources, and techniques to quickly get yourself up-to-speed when transitioning to a new district, or helping to communicate your district’s state of finances, can be important for continuity of leadership and making the best financial decisions for a district.

Course Material

N/A

Ernie Strawser, Senior Vice President, Frontline Education

[email protected]
8050 N High St, Ste 160
Columbus, OH 43235
Phone: 614-397-0231

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.

Ryan Ghizzoni, Senior Analytics Advisor, Frontline Education

[email protected]
8050 N High St, Ste 160
Columbus, OH 43235
Phone: (330) 207-6407

Ryan Ghizzoni, Senior Analytics Advisor for Forecast5 Analytics, began his career with the Ohio Auditor of State's Office and has served as Treasurer/CFO for Ohio schools for over 17 years. During his career, he has been the recipient of six Association of School Business Officials International Meritorious Budget Awards and was the recipient of the Ohio Association of School Business Officials 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.

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OASBO Miami Valley/Ohio Valley Joint Chapter Meeting ​

Friday 1/27/2023

OASBO Miami Valley/Ohio Valley Joint Chapter Meeting