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: 10/15/2021
# of Hours Available: 3
Location: ESC of Northeast Ohio
6393 Oak Tree Blvd
Independence, OH 44131
Onsite Contact: Rob Showalter
Treasurer/CFO
Fairview Park City SD
440-331-5500 ext. 1119
[email protected]

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

Required Materials

MyCPIM Worksheet
Course Description Quick Guide

Friday 10/15/2021

10:30 AM - 11:30 AM

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

12:00 PM - 1:00 PM

Course Name	Speaker(s)	Hours Available
To Refund or Not to Refund, That is the Question	Andrew Laskey, Vice President, RBC Capital Markets, Michael Prcela, Senior Vice President - Public Finance, Sudsina & Associates	1	View

2:00 PM - 3:00 PM

Course Name	Speaker(s)	Hours Available
State Funding & Other Five Year Forecast Challenges	Chris Mohr, Consultant, K-12 Business Consulting	1	View

Course Details: Investment Update

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Investments

1 The course will provide a review of various types of investments available to public school districts. The presentation will also discuss the pros and cons of the various investment types.

This course will provide attendees with an overview of a variety of methods for investing excess funds. There are specific investments permitted by Ohio law allowed for school districts. Understanding the various investment types available to school districts is critical for school treasurers.

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 Details: To Refund or Not to Refund, That is the Question

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

School district treasurers are often confronted with the opportunity of refunding an existing prior bond issue. Treasurers and business officials should be equipped with a basic understanding of common metrics and tools to assist in analyzing these refunding opportunities. The more informed a treasurer can be about the various tools and techniques that are used to evaluate a refunding, the better that treasurer can represent their constituents.

This session will cover various methods for examining the refunding option. Included will be a discussion of net present value savings, opportunity cost index, option value, and negative arbitrage. The session will also discuss alternative payment structures that may be created through the refunding option.
The treasurer should come out of the session with a deep understanding of not only how a refunding works, but also how to evaluate a refunding for efficiency and timing. The treasurer will be armed with a much greater skill set around this topic and will be in a position to insure that industry professionals are providing a full and thorough analysis before proceeding with a refunding bond issue.

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.

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.

Course Details: State Funding & Other Five Year Forecast Challenges

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

This course will cover an overview of HB110 and the new state funding, the changes that will affect district state aid and the importance of capturing costs back into the General Fund that have been charged to Student Wellness and Success Fund 467 and ESSER Funds.

The course will provide essential information about the new state funding that will be used for forecasting of revenue and expenditures, along with projecting returning costs to the five-year forecast.

Understanding the changes that occurred in the state funding formula is very important for every school business official. Understanding the need to capture accurate returning general fund costs and the fiscal year they are returning is crucial to an accurate five-year forecast.

Course Material

N/A

Chris Mohr, Consultant, K-12 Business Consulting

[email protected]
P.O. Box 476
New Albany, OH 43054
Phone: ( 614) 580-8544

Chris has a Masters of Business Administration, major in finance, a Bachelors of Science in Business Administration, major in accounting from Miami University, Oxford, Ohio, and Associate of Science, major in Business Administration from Edison State College, Piqua, Ohio.

Chris holds the following licenses, registrations and certificates:

Ohio Public School Treasurer
Ohio Public School Business Manager
Ohio Health, Life, and Variable Annuity Insurance Products
Registered School Business Administrator
Certified Government Financial Manager
Ohio Financial Accountability Certificate

Chris has over 35 years of successful leadership and management experience, with 28 years as an Ohio public school treasurer/CFO and 15 years as president/CEO of K-12 Business Consulting, Inc. specializing in forecasting services, treasurer and superintendent searches.

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