2019 COLOTRUST Public Funds Seminar

We are excited to host the fifth annual COLOTRUST Public Funds Seminar on October 24, 2019, at the Fossil Trace Golf Course in Golden from 9:00 a.m. – 4:00 p.m. Join us for an informative day of learning; this is a great opportunity to enhance your knowledge of managing public funds, governmental accounting, and leadership. The overall program knowledge level for this group live seminar is intermediate, and there are no prerequisites or advanced preparation necessary. Lunch will be provided, and the seminar is free of charge! There are limited seats available, so save your spot today.

Agenda

9:00 a.m.
Registration & Breakfast

9:30 – 10:30 a.m.
The Big Issues Facing Colorado’s Local Governments

Speaker: Sam Mamet, Retired Executive Director – Colorado Municipal League 

Field of Study: Leadership | CPE Credit(s): One | Program Level: Basic

Short Description: This session will examine the big issues facing local governments in Colorado, led by one of the preeminent and most respected observers of state public policy. This session will ask you to think past the day-to-day business of your own world and look at the emerging public policy challenges affecting counties, municipalities, school districts, and special districts. Topics will include fiscal policy, infrastructure, citizen engagement, and TABOR.

Learning Objective: Attendees will be asked to ponder the subjects covered as relating to their own local government and how they can become more involved in developing solutions and approaches to significant matters connecting local governments with each other and with the state itself.


10:30 – 11:30 a.m.
Anticipating and Managing Short-Term Credit Risk During a Recession

Speaker: Kevin Berents, Head of Credit – Public Trust Advisors, LLC

Field of Study: Finance | CPE Credit(s): One | Program Level: Intermediate

Session Description: This session will provide attendees with the framework to understand, evaluate, and manage money market credit risks. A brief review of the interpretation of important macroeconomic indicators will segue into a more robust discussion of the analytical tools used to manage money market risks with a focus on security selection.

Learning Objective:  At the end of this session, attendees will gain a stronger understanding of the importance of macroeconomic indicators and the impact of both idiosyncratic and systemic risks in the money markets. 


11:30 a.m. – 12:30 p.m.
How to Communicate With Your Stakeholders (Panel)

Speakers: Scott Wright – Chairman of the COLOTRUST Board of Trustees; Mayor Stephanie Piko – Mayor of Centennial; Heather Deckard – Controller at Parker Water & Sanitation District

Field of Study: Finance | CPE Credit(s): One | Program Level: Overview

Short Description: In this session, a panel of government officials will discuss their best practices for communicating with stakeholders. Topics will include communication management, public perception, how to determine the right level of communication, how to avoid oversharing, transparency, and more. We will also examine how finance professionals are communicating with their stakeholders, what they want to know, and what information does and does not belong on your website. 

Learning Objective: At the end of this session, attendees should be well equipped to confidently and appropriately communicate with stakeholders. 


12:30 – 1:30 p.m.
Lunch 

1:30 – 2:30 p.m.
Complying with GASB Statements No. 40, 72, 79 and Why We Care

Speaker: Allison Slife, Principal – CliftonLarsonAllen LLP

Field of Study: Accounting | CPE Credit(s): One | Program Level: Intermediate

Session Description: This session will walk through governmental accounting standards for cash and investments including GASB Statement No. 40, 72, and 79 and its relevance to your governmental organization. This session will include examples of these accounting standards and required disclosures in Colorado government financial statements.

Learning Objective: At the end of this session, attendees should be able to understand the history and “the why” around the governmental accounting standards for cash and investments, discuss GASB 40, 72, and 79 and walk through examples of these accounting standards in Colorado government financial statements.


2:30 – 3:30 p.m.
Colorado State Economic and Budget Update

Speaker: Kate Watkins, Chief Economist – Colorado State Legislature’s Nonpartisan Research Agency

Field of Study: Economics | CPE Credit(s): One | Program Level: Update

Short Description: This session will provide an overview of the most recent economic and revenue forecasts for the state of Colorado and expectations for the state budget in coming years. Additionally, this session will address the evolving fiscal policy landscape for state and local governments including impacts from the measures on the 2019 ballot and constitutional requirements under the TABOR and Gallagher Amendments.

Learning Objective: At the end of this session, attendees will be able to understand the current state budget situation in the context of a dynamic economic and policy environment and apply this knowledge towards planning for local governments.


3:30 – 4:00 p.m.
Reception

CPE credits will be distributed via email within one week of the seminar. Presentations will be available for download and distributed via email. 

Speaker Biographies

Sam recently retired as the Executive Director of the Colorado Municipal League (CML) after spending 14 years in this role and a total of 40 years with CML. Prior to becoming Executive Director, Sam served as Associate Director and oversaw CML’s state legislative and Federal lobbying. His professional experience has included Management Analyst for Clark County, Nevada and the Nevada Association of Counties; Research Analyst for the Pennsylvania Local Government Commission of the Pennsylvania Legislature; and Research Analyst for the Governmental Research Institute of Cleveland, Ohio, among other roles. Sam received a Bachelor of Arts in Political Science from Albright College and a Master in Public Administration from the University of Colorado, Boulder. Sam co-chaired the Government Affairs Policy Committee of the International City/County Management Association, served on a wide variety of boards, and currently serves on the Board of Directors for the Center for the American West as well as the Colorado Coalition for the Homeless.

Kevin is the Head of Credit for Public Trust where he is responsible for team management as well as issuer research and selection, macroeconomic research and analysis, and issuer and investor communication. Prior to joining Public Trust, Kevin worked in sell-side equities and institutional asset management. He also spent seven years as a Senior Legislative Staff Member in the U.S. Congress before transitioning to the investment sector. Kevin received a Bachelor of Arts in English Literature from the University of Colorado, Boulder, a Master of Science in Finance from the University of Colorado, Denver, and completed studies toward a Master of Business Administration from the University of Virginia. He has passed Level II of the CFA program and is a member of the CFA Society of Colorado.

Mayor Piko has been involved with the City of Centennial since 2007, as a member of Centennial’s Open Space Advisory Board, Planning and Zoning Commission, and City Council. She brings a broad background to her role as Centennial’s third mayor. As mayor, she is involved with many state, regional, and local committees and boards such as the National League of Cities, Denver South Economic Development Partnership and Transportation Management Association, Centennial’s FiberWorks Commission, Chair of the Cherry Creek Basin Water Quality Authority, Centennial’s Audit and Budget Committee, and others. She and her husband Jim have lived in Centennial since 2001. Their two sons, Austin and Conner, are both graduates of the Cherry Creek School District where Mayor Piko taught technology for ten years. In her free time, she enjoys being a substitute teacher for the Cherry Creek School District and both hiking and skiing in the mountains.

Scott is the Assistant Town Manager and Finance Director for the Town of Avon, where he has been employed since 1996. He is responsible for all financial support services and information technology functions for the Town. Prior to joining Avon, Scott served as the Chief Financial Officer for the City of Northglenn and as the Chief Accountant for the Irving Independent School District in Texas. Scott received a Bachelor of Arts Degree in Accounting from the University of Northern Iowa and is a Certified Public Accountant, a Certified Public Finance Officer, and a Certified Public Funds Investment Manager. Scott has served on a number of boards, including the Colorado Government Finance Officers Association and the national Government Finance Officers Association Committee on Treasury Management and Investments. He currently serves as COLOTRUST Board Chairman.

Heather has more than seven years’ experience working in state and local government. She has extensive experience working with various stakeholders and Boards of Directors as the Finance Manager for the Denver Union Station Project Authority, the Senior Finance Analyst for the Regional Transportation District, and most recently as Controller for Parker Water and Sanitation District where she oversees the accounting and finance operations of the District. Heather received a Bachelor of Science in Political Science from the University of Colorado, Denver and a Master of Accountancy from Metropolitan State University of Denver. She received her CPA license in 2015. Heather is a Colorado native and a travel enthusiast. She has visited 15 states, 14 countries, and more than 50 cities worldwide. When she’s not traveling, she spends time wither her dog, her partner, and her family and friends.

Allison is a Certified Public Accountant and Principal at CliftonLarsonAllen LLP. She has twelve years of public accounting experience and has focused on serving state and local governments by providing financial statement audits, single audits, and consulting services in Colorado and across the country. She is an instructor for CGFOA classes and a regular presenter at the annual CFGOA conferences. She presented at a variety of conferences in Colorado and nationally on governmental accounting, internal controls, the Uniform Guidance, and single audits. Allison graduated from Xavier University with a degree in accounting and finance.

Kate is the Chief Economist for the Colorado state legislature’s nonpartisan research agency, Legislative Council Staff, where she leads a team of economists who provide economic, revenue, and caseload forecasts as well as fiscal policy analyses that inform the state budget and school finance funding model. Prior to this, Kate served as a Regional Economist at the Denver branch of the Federal Reserve Bank of Kansas City and as a Consultant with Booz Allen Hamilton where she provided economic and business analysis for various federal government agencies. Kate received a Master of Arts in Global Finance, Trade, and Economic Integration from the University of Denver and a Master of Arts in Sociology from Cornell University. She is actively pursuing a PhD in Economic Sociology at Cornell University.

Registration

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Public Trust Advisors, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/complaint-process.