Sessions

Efficient Management of the Public Funds Portfolio

  • Date: 9/17/2019
  • Track: Pre-Conference

Public funds investors are faced with a lot of nagging questions.  In this class, we will address a lot of them.

Is your entity better served by retaining an investment advisor or maintaining a DIY portfolio, utilizing brokers?  We will dig into the advantages and disadvantages of each.

Regardless of the approach (advisor or broker) your entity uses, the portfolio may have experienced unrealized losses.  We will discuss how to explain unrealized losses to your council, commissioners, etc.

Additional questions we will address include:

  • Now that corporate bonds are legal for public funds investing in Washington (within limited constraints), what are the advantages and risk of investing in them?
     
  • If you hire an advisor, does that shift bond default risk away from your entity? GFOA has the answer and we will discuss it.
     
  • Should you expect your advisor, broker or anyone else to accurately predict future interest rates and should you "reposition" the portfolio based on those predictions?

In addition, we will go through bond portfolio reporting slowly, page by page, so everyone can follow along.

This class is provided by the same folks that brought you "Public Funds Investing Made Easy", so you can expect us to begin at the most basic ("kindergarten") level, without any jargon, and work our way up from there.

If you are looking for answers to your public fund's investment questions without bias or jargon, this class is for you!

2019 BARS Cash Basis

  • Date: 9/17/2019
  • Track: Pre-Conference

2019 BARS GAAP

  • Date: 9/17/2019
  • Track: Pre-Conference

The Inner Workings of Indices, Benchmarks, and Composites

  • Date: 9/17/2019
  • Track: Pre-Conference

Benchmarks are chosen to measure performance and risk tolerance.Yield benchmarks are used to monitor income earnings on funds earmarked for liquidity, while market benchmarks are used to manage the risk and return of longer investment portfolios.Additionally, historic returns and volatility of returns can be used to gauge expectations going forward in various rate environments.Using benchmarks as part of your investment management program supports a more disciplined approach and minimizes behavioral factors when buying and selling securities.

Before selecting suitable benchmarks, take a step back to gain a more complete understanding of how bond indices and other measurement tools are best used in the process.

Learning objectives:

  • Unravel commonly used (and misused) terminology related to performance measurement tools

  • Compare and contrast primary differences of popular fixed income indices

  • Identify the differences between GIPS and non-GIPS compliance and performance composites

  • Understand the pros and cons for measuring returns on a yield versus total return basis

2019 Ethics in Washington State for CPAs

  • Date: 9/17/2019
  • Track: Pre-Conference

Introduction to Lean - What's in it for me?

  • Date: 9/18/2019
  • Track: Management & Emerging Issues

Steps to Take to Further Your Career in Government Finance

  • Date: 9/18/2019
  • Track: General Government

Starting a Career in Public Finance?  This session outlines steps you can take to advance your knowlege on government finance and leadership topics such as financial reporting, debt management, risk management, procurement, budgeting and forecasting, and leadership development. 

Public Works Contracting

  • Date: 9/18/2019
  • Track: Legislative Update

The Future of Banking Services - How Technology will Influence How Governments Operate

  • Date: 9/18/2019
  • Track: Banking

Roles of the Internal Auditor

  • Date: 9/18/2019
  • Track: General

Basic Budgeting

  • Date: 9/18/2019
  • Track: Budgeting

Process Improvement? Start the Journey With Leadership!

  • Date: 9/18/2019
  • Track: Management & Emerging Issues

Process Improvement, Lean, Total Quality Management, Kaizen - whatever you call it, it all starts with people. People who know and do the work. People who provide management and guidance.

In this session, Katie Moriarty will discuss the importance of leadership as a foundation to any improvement effort. Having a clear direction of goals and objectives. Trusting and empowering the people who understand and perform the work to try new and innovative approaches to that work. And how do you balance that desire to try new things in a government environment where mistakes are avoided at all costs? This session won't provide a 'magic potion', but it will provide some overarching concepts that you can take back to your workplace and use.  

Follow-up on Audit Recommendations – Evaluating & Redesigning Internal Controls

  • Date: 9/18/2019
  • Track: General

2019 Initiatives

  • Date: 9/18/2019
  • Track: Legislative Update

Merchant Services - PCI Compliance

  • Date: 9/18/2019
  • Track: Banking

Presenting & Communicating Budgetary Recommendations

  • Date: 9/18/2019
  • Track: Budgeting

Succeeding in Continuous Improvement II – the Importance of Performance Measures

  • Date: 9/18/2019
  • Track: Management & Emerging Issues

2019 Legislative update

  • Date: 9/18/2019
  • Track: Legislative Update

An Update on Real Time Payments

  • Date: 9/18/2019
  • Track: Banking

Things to Consider When Selecting an Approach for Your Budget

  • Date: 9/18/2019
  • Track: Budgeting

Paid Family Medical Leave

  • Date: 9/18/2019
  • Track: Legislative Update

AP Automation 101

  • Date: 9/18/2019
  • Track: Banking

Outcome/Priority Based Budgeting

  • Date: 9/18/2019
  • Track: Budgeting

Financial Sustainability - One City's Quest to Address Structural Imbalance in their 10 Year Forecast

  • Date: 9/18/2019
  • Track: Budgeting

Shoreline, like most Cities, faces a long term structural imalance where costs are rising faster than revenues - particularly given the 1% growth limit on property taxes.     In this session, you will hear how Shoreline engaged their community and Council to identify strategies and develop a 10 Year Financial Sustainability Plan.   The session will include a brief demo of their forecasting model, Municast, and plenty of time for questions.

New Trends in Taxes

  • Date: 9/18/2019
  • Track: Legislative Update

Bank Loans - Structure Matters - From Fixed Rate LOC's to 30 Year Amortizations

  • Date: 9/18/2019
  • Track: Banking

US Economic and Rates Outlook

  • Date: 9/19/2019
  • Track: General Session

Communicating with Council

  • Date: 9/19/2019
  • Track: Management & Emerging Issues

Bond Math & Other Analysis

  • Date: 9/19/2019
  • Track: Investments

Discussing valuable fixed income statistics and how to calculate them for your investment portfolio

Are People Really Difficult? Hummmm?

  • Date: 9/19/2019
  • Track: General

 

 

Inclusion in Hiring - Improving Access to City Employment

  • Date: 9/19/2019
  • Track: Management & Emerging Issues

The City of Renton Business Plan has five strategic goals.  Inclusion is one of them: Building an inclusive informed city with opportunities for all. The first Inclusion strategy in the 2019-2024 Business Plan is:  “Improve access to city services, programs and employment, and make residents and businesses aware of opportunities to be involved with their community.” 

This session will lead participants through the steps for creating a plan for creating/implementing an inclusive workforce through recruiting and hiring using the City of Renton’s HR Tactical Inclusion Plan as an example.  These steps will include a review of relevant data, community input and hiring/recruiting standards.  Ellen will also focus on several strategies designed to increase the diversity of the hiring pool of candidates.   

Update from the Office of the State Treasurer

  • Date: 9/19/2019
  • Track: Investments

Join State Treasurer Duane Davidson as he provides updates on the LGIP and Local Programs, the Treasurer's financial literacy program, developments on the cannabis banking front, his opposition to the formation of a state bank, a recap of the 2019 Legislative session, and a look forward to the 2020 session.

General Fund Forecast

  • Date: 9/19/2019
  • Track: General

Create Internal Training Programs

  • Date: 9/19/2019
  • Track: General

Internal trainings have great advantages. Time and talent can be used effectively to perform and share research and, for the investment of your time, you and your organization can get free CPE. But these presentations aren’t always stellar. Sometimes they may feel like a sleep aid and sound like Charlie Brown’s teacher.

 

From training large to small, this class focuses on both the practical requirements and skills to engage your audience.  

  • Identify training needs

  • Develop ideas start to finish

  • Move beyond PowerPoint

  • Give and claim CPE

  • Become a stronger presenter

Fixed Income Investing When the Fed is Done

  • Date: 9/19/2019
  • Track: Investments

The US economy is closing in on the end of the business cycle, a time when the Fed pivots from raising rates to less restrictive monetary policy.  This session will examine past episodes and explore what strategies generated better relative returns.  We will also examine how the easing cycle may look this time, what tools the Fed might use, and how best to position for a lower rates scenario.

Mindfulness versus Mindlessness: Where are you?

  • Date: 9/19/2019
  • Track: Management & Emerging Issues

Mindfulness and mindlessness are so common that few of us appreciate their importance or make use of their power to change our lives. Learn about the psychological and physical costs we pay because of pervasive mindlessness and about the benefits of greater control and powerful results that mindfulness can make possible. When mindless, people treat information as though it were context -free and true regardless of circumstances. Mindlessness is linked with uncertainty in the workplace and comes in three categories. First is entrapment by category, next is automatic behavior and finally it is acting from a single perspective. The creation of new categories of thinking is a mindful activity. Mindlessness is rigid, whereas mindfulness creates new categories, is open to new information and creates awareness of more than one perspective. Learn how to shift from mindless to mindful. Understand the benefits of being mindful in both your personal and professional life.

Write Effective Policies and Procedures

  • Date: 9/19/2019
  • Track: General

How good is your documentation? Or, should we say, how old is your documentation? After embarking on a massive, citywide policy project more than a year ago, I’ve been learning how to hurdle the pitfalls. Step number one is to have a policy about how to, well…make policies. Step number two, remember you’re not writing the sequel to War and Peace or the (possibly scandalous) tell-all memoir or your life. They should be easy to use.

 

In this class, learn to:

  • Establish consistent methods to create and maintain policies and procedures

  • Assign authority to create policies

  • Improve readability and document longevity

  • Identify your controls and determine which should have formal policies

  • Evaluate and translate activities you perform into internal controls

  • Create companion tools to improve compliance

Public Fund Investing: Value & Strategies in the Current Market

  • Date: 9/19/2019
  • Track: Investments

Volatility spiked and the yield curve inverted to end 2018 as investors appeared to increasingly question the durability of the current expansionary cycle.  The Fed appears to have pivoted to a more neutral stance on monetary policy in light of the latest market data, with “patience” being the key term from recent Fedspeak regarding how they will proceed from here.  This session will begin with an economic update and an outline on recent bond markets trends, and it will conclude with possible strategies for public fund investing in this flat curve environment.

The Mystery of Memory

  • Date: 9/19/2019
  • Track: Management & Emerging Issues

Memory is a result of where you place your attention and your ability to consciously focus on more than one thing at a time is limited. We can split our attention by alternating focus between details, however this comes at the cost of decreased awareness. Attention affects what we perceive and how we process, encode and recall memories. In addition, our brain rewires itself when it encodes and recalls information. Every thought and every stimulus we have rewires your brain and every thought changes your perception of reality.  This means what you remember is fallible and you cannot count on your memory to be the same per retrieval or as what someone else remembers. As a result, you can retrieve some memories and others are hard to retrieve and inaccurate. Learn how to improve your memory and how to increase successful recall. Learn when to count on from your memory and what might be your memory limits. Learn to protect your memory through self-care.

Approaches to Effectively Managing a Portfolio

  • Date: 9/19/2019
  • Track: Investments

This panel will focus on options available to managing governmental portfolios.Some entities manage their portfolios completely in-house, while others utilize outside firms to varying degrees to manage their portfolios.The panel will focus on the options available and the pros and cons to consider as decisions are made as to which approach to adopt.

Financial Education in Washington State

  • Date: 9/19/2019
  • Track: General Session

Learn about the work that is being done in Washington to expand financial literacy.  Understand the history, barriers, and progress in the K-12 space and adult-focused efforts to bridge the gaps in our communities.  The class will be a “bird’s eye” overview of what the State Treasurer’s office is doing, as well as the work of the partners in and around the state. 

Ask Me Anything: A Public Finance Roundtable

  • Date: 9/19/2019
  • Track: Debt Management

Have a random question about bond financing or debt management?  Wanted to ask a question in an earlier debt session but ran out of time?  This last session of the day will feature public finance experts, including speakers from earlier "debt track" sessions.  We'll cover emerging issues in municipal debt; topics that would have been covered in earlier sessions but ran out of time; and questions from audience members.  Attendees are encouraged to submit questions in advance to Duncan Brown (brownd [at] pfm.com).

Whether to Facilitate or Lead: Getting it Right!

  • Date: 9/19/2019
  • Track: Management & Emerging Issues

Today there are so many kinds of meeting types, outcomes, processes, facilitations and more, it is hard to know when to “facilitate” versus when to “lead” a meeting. In a facilitator role one creates space in which participants explore, sort and integrate information and final solutions.  The facilitator role is neutral in order to support unbiased results. A leader role requires providing direction and an agenda. Leaders often use a structured approach. Managed with a specific outcome in mind. The leader role controls the process and is invested in the results.  leader educates participants with specific information and a focused outcome. Join us to learn when and how to lead and when and how to facilitate. Learn how to make your meetings more engaging and when to invite whom.

Intro to Preparedness

  • Date: 9/20/2019
  • Track: Risk Management

Cash Flow Analysis & Portfolio Optimization

  • Date: 9/20/2019
  • Track: Investments

This session covers the management of a public entity’s cash requirements, including balancing revenues with monthly obligations, periodic debt-service payments, and other recurring or non-recurring cash demands.  In addition, speakers will introduce the practice for preparing and implementing a cash flow forecast, using the forecast to make investment decisions, and the difference between forecasting operating cash and bond proceeds.

The Art & Science of Data Storytelling - Part 1

  • Date: 9/20/2019
  • Track: General

In this two part hands-on workshop, you’ll learn to:

• Transform your reports into persuasive stories with data

• Create compelling interactive visuals highlighting data trends

• Structure your messages to educate your target audience

• Encourage positive behavior with clear calls-to-action (CTA)

• Walk away with real-life examples of successful data storytelling

This is the first session in a 2 part presentation:

<span roman";"="" new="" "times="">Part 2 is from  11-11:50

 

How to Analyze a Portfolio Using Excel

  • Date: 9/20/2019
  • Track: Investments

Walk through how to set up and maintain a fixed income portfolio in Excel

The Art & Science of Data Storytelling - Part 2

  • Date: 9/20/2019
  • Track: General

In this two part hands-on workshop, you’ll learn to:

• Transform your reports into persuasive stories with data

• Create compelling interactive visuals highlighting data trends

• Structure your messages to educate your target audience

• Encourage positive behavior with clear calls-to-action (CTA)

• Walk away with real-life examples of successful data storytelling

This is the Second session in a 2 part presentation:

<span roman";"="" new="" "times="">Part 1 is from  10-10:50