OASBO Northeast Chapter Meeting

Local meeting of the OASBO Northeast Chapter.

Host Organization: Ohio Association of School Business Officials (OASBO); Nadeen Askew, Events Manager; (614) 431-9116; [email protected]
Event Date: 2/24/2023
# of Hours Available: 2
Location: ESC of Northeast Ohio
6393 Oak Tree Blvd
Independence, OH 44131
Onsite Contact: Sean Nuccio
Treasurer/CFO
Parma City School District
440-885-2324
[email protected]

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

Required Materials

MyCPIM Worksheet
Course Description Quick Guide

Friday 2/24/2023

10:00 AM - 11:00 AM

Course Name	Speaker(s)	Hours Available
Fixed Income Market Effects and Economic Derivation of Inflation	Michael Prcela, Senior Vice President - Public Finance, Sudsina & Associates, Greg Van Wagnen, Senior Advisor, Sudsina & Associates, LLC, Phil Weisshaar, Vice President, Stifel	1	View

12:45 PM - 1:45 PM

Course Name	Speaker(s)	Hours Available
The Fair School Funding Plan - What You Need to Know	Ryan Ghizzoni, Senior Analytics Advisor, Frontline Education	1	View

Course Details: Fixed Income Market Effects and Economic Derivation of Inflation

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Investments

The course will cover an overview of the economic concepts behind inflation and its effects on the fixed income market. Information will include the relationship between inflationary control methods and interest rates. The course will also highlight the role of the Federal Reserve’s monetary policy methods and their effect on borrowing for issuers in the current capital market.

The objective of providing the information will allow for individuals in attendance to be aware of current market rates, as they have been dramatically effected through the course burgeoning inflation. This effect has had a two-fold impact for issuers, as they embrace the role of both investor and borrower. The concepts discussed will establish best practice scenarios for short-term investing and adequately preparing for current, and more importantly, future capital projects for which financing will be needed/required.

Statement of Accreditation Rationale:
School business officials must rely on the expertise of its financing teams to properly prepare for any type of financing for their district. The information provided will generate an outline of integral decisions to be made considering rising construction costs coupled with rising borrowing rates. District officials will be informed on methods to counteract higher borrowing rates with an established investment strategy targeting short term rates, while properly budgeting for extraordinary inflationary construction costs.

Course Material

N/A

Michael Prcela, Senior Vice President - Public Finance, Sudsina & Associates

[email protected]
PO Box 230
Vermilion, OH 44089
Phone: (216) 288-3983

Michael Prcela has moved to Sudsina & Associates from previous biography.

Greg Van Wagnen, Senior Advisor, Sudsina & Associates, LLC

[email protected]
PO Box 230
Vermillion, OH 44089
Phone: (440) 320-7656

Mr. Van Wagnen provides analytical support for all clients including debt service structuring, actively assisting in the preparation of official statements and credit rating presentation and market research in advance of pricing and post-pricing.

Prior to joining Sudsina & Associates Greg worked in various roles at JP Morgan Chase. There he ran the technology aspect of their Wealth Management trading desk. He has also served as a risk management analyst for the JP Morgan Institutional Bond department where corporate client accounts ranged from $100 million to $12 billion. He has spent time in multiple equity research roles in Columbus and Chicago and in a more analytical role he researched trading slippage costs of different brokers. Between undergraduate and graduate school Greg worked as an accountant for JP Morgan Chase’s mortgage department.

Greg received a Bachelor of Science in Business Administration, Finance, and Economics from The Ohio State University and went on to attain a Master of Finance degree, also at OSU. He is continuing his education in the Chartered Financial Analyst program and is planning to sit for the MSRB’s Series 50 exam. Before attending college Greg worked at his family’s Cleveland based school bus and coach bus company running their payroll department and filling their general accounting needs. Greg has also has passed the new Series 50 Pilot Exam for Municipal Advisors.

Phil Weisshaar, Vice President, Stifel

[email protected]
200 Public Sq Ste 2955
Cleveland, OH 44114
Phone: (866) 457-1954

Philip Weisshaar joined Stifel’s Cleveland office in 2016 after previously holding public finance positions in Stifel’s San Francisco office and with Davenport & Company in Richmond, Virginia, where he started his public finance career. Mr. Weisshaar has served as underwriter for cities, counties, school districts, and universities in Ohio and across the country, representing a total par amount in excess of $4 billion. He received a B.A. in Economics and Spanish from Denison University, where he graduated cum laude and was elected to Phi Beta Kappa, and an M.S. in Management from Wake Forest University. His securities registrations include Series 7, 50 and 63.

Course Details: The Fair School Funding Plan - What You Need to Know

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

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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