California Debt and Investment Advisory Commission
2007 Debt Issuance and Public Investment Seminars and Conferences
CDIAC and the California Association of School Business Officials: ABCs of School Debt Financing
January 11, 2007, Hilton Arden West, Sacramento, CA
January 18, 2007, Marriott Ontario Airport, Ontario, CA
CDIAC provides a daylong debt issuance seminar in Northern and Southern California. The program is tailored to new school business officials or staff members involved or interested in understanding the mechanics of school debt financing.
Participants will generally earn 6.25 hours of continuing education credit for attending this seminar.
Speakers:
Robert Whalen, Stradling Yocca Carlson & Rauth
Ruth Alahydoian, Kelling, Northcross & Nobriga
Ted Rozzi, Corona - Norco Unified School District
Dawn Vincent, Stone & Youngberg LLC
Denise Wakefield, Tracy Unified School District
- Sources of School Financing and Considerations
- Statewide Financing Programs
- Basic School Financing Techniques - Part One & Two
- The Mechanics of School Debt Financing
- On-Going Debt Administration
Fundamentals of Land-Secured Financing
February 15, 2007, Sutter Square Galleria Classrooms, Sacramento, CA
This is a one-day workshop focusing on Mello-Roos and Assessment District Financings.
Participants will generally earn 6 hours of continuing education credit for attending this seminar.
Speakers:
Joan Cox, P.E., Harris & Associates
Robert Davis, County of Sacramento
Susan Goodwin, Goodwin Consulting Group, Inc.
Larry Rolapp, Fieldman, Rolapp & Associates, Inc.
Nelson Smith, City of Bakersfield
Sam Sperry, Orrick, Herrington & Sutcliffe LLP
CDIAC at the California Society of Municipal Finance Officers Annual Conference
March 6-9, 2007, Doubletree Hotel and Centre Plaza Convention Center, Modesto, CA
CDIAC will provide a session on interest rate swap pricing at the CSMFO Annual Conference.
Participants will generally earn 1.25 hours of continuing education credit for attending this seminar.
- Creating an Effective Swap and Building the Risk Management Process
Timothy Hsu, CA Housing Finance Authority - Swap Math and Procurement
Jim Murphy, Swap Financial Group
Mechanics of a Bond Sale
March 22-23, 2007, Hilton San Diego Mission Valley, San Diego, CA
This one and one-half day debt management seminar is the second course in a series of CDIAC debt issuance seminars. This seminar covers topics such as the methods of structuring a debt financing, selecting a financing team, preparing legal documents, working with rating agencies, marketing and pricing a debt issue, understanding federal arbitrage rules and regulations, and investing bond proceeds.
Participants will generally earn 9.75 hours of continuing education credit for attending this seminar.
- Developing A Debt Management Policy
Jay Goldstone, Chief Financial Officer, City of San Diego
Emad Mirgoli, Vice President, Stone & Youngberg LLC - The Plan of Finance
Kimberly Quinones, Managing Director, Ramirez & Company
Janice Mazyck, Managing Director, Public Finance Management - Structuring the Financing
Scott Nagelson, Principal, Banc of America Securities LLC - Approaches to Credit Enhancement
Dennis Coleman, Director of Finance/Treasurer, City of Solana Beach
Nikolai Sklaroff, Director, Citigroup Global Markets Inc. - The Legal Documents
Lisa Greer Quateman, Managing Partner, Quateman, LLP - Marketing and Pricing an Issue
John Bonow, Managing Director, Public Financial Management - Understanding Arbitrage
Anne Pelej, Vice President & Division Manager, MuniFinancial
Carol Lew, Shareholder, Stradling Yocca Carlson & Rauth - Investing Bond Proceeds
Craig Underwood, Managing Director, Bond Logistix LLC
Danny Kim, Partner, Fulbright & Jawrowski LLC
Living with an Issue: On-Going Debt Administration Seminar
April 19-20, 2007, Renaissance Long Beach Hotel, Long Beach, CA
This one and one-half day debt management seminar is the third course in a series of three CDIAC debt administration seminars and is designed to provide issuers with the information and the steps necessary to develop a systematic on-going debt management system. The main example is the administration of fixed-rate general obligation bonds. However, the course will highlight important considerations for land-secured financing and include information on variable-rate financing and swaps and the on-going administration related to these instruments. In addition, other important matters related to post bond issuance are covered, such as arbitrage rebate, refundings, and continuing disclosure.
Participants will generally earn 10.0 hours of continuing education credit for attending this seminar.
- SESSION I
- The Roles and Responsibilities of the Trustee
Esther Cervantes, Vice President Global Compliance, The Bank of New York Trust Company, N.A.
- The Roles and Responsibilities of the Trustee
- SESSION II
- Issuer Roles and Responsibilities: Part 1-Before the Closing
- Issuer Roles and Responsibilities: Part 2-After the Sale
Moderator and Speaker: Stuart M. Weiss, Vice President Business Development, Wells Fargo Bank
Speaker Panel:
Dave Persselin, Debt Administrator, City of San Jose
Eric Sandler, Deputy Director of Finance, San Diego County Water Authority
Tim Seufert, Managing Director, NBS Local Government Solutions
- SESSION III
- Arbitrage Rebate/Continuing Disclosure Reporting/Compliance Monitoring
Anne Pelej, Vice President, Munifinancial
- Arbitrage Rebate/Continuing Disclosure Reporting/Compliance Monitoring
- SESSION IV
- Refundings
Gary Hall, Vice President, J.P. Morgan Securities Inc.
- Refundings
- SESSION V
- Introduction to Variable-Rate Financing 1
- Introduction to Variable-Rate Financing 2
Natalie Brill, Chief of Debt Management, City of Los Angeles
Lisa Schieffelin, Vice President, JP Morgan Chase
- SESSION VI
- Introduction to Interest Rate Swaps 1
- Introduction to Interest Rate Swaps 2
Moderator and Speaker: Peter Shapiro, Managing Director, Swap Financial Group LLC
Speaker Panel: Keith Norris, Metropolitan Water District of Southern California, Manager of Treasury and Debt Management
- SESSION VII
- Managing On-Going Responsibilities for Variable-Rate Financings and Interest Rate Swaps - Agenda
- Case Study: Metropolitan Water District of Southern California
- Case Study: City of Los Angeles
Moderator: Peter Shapiro, Swap Financial Group LLC
Natalie Brill, Chief of Debt Management, City of Los Angeles
Keith Norris, Manager of Treasury and Debt Management, Metropolitan Water District of Southern California
Lisa Schieffelin, Vice President, JP Morgan Chase
- Speaker Responses to Participants Questions
CDIAC Pre-Conference at The Bond Buyer's 17th Annual California Public Finance Conference
September 10, 2007, Carlsbad, CA
This will be the sixth consecutive year that CDIAC has hosted the pre-conference. This program will highlight continuing disclosure practices and the role of technology in providing good disclosure.
- Current Issues in Disclosure Compliance - No Slides
- Challenges in Disseminating Disclosure Information
- John Deleray, Vice President, Wells Fargo Bank
- Leslie Norwood, Vice President and Assistant General Counsel, The Securities Industry and Financial Markets Association
- Laura Slaughter, Deputy Executive Director, Municipal Advisory Council of Texas
- Odile Disch-Bhadkamkar, Director of Finance and Bondholder Relations, Stanford University
- Keynote Speaker: Jay Goldstone, Chief Financial Officer, City of San Diego and CDIAC Commission Member
- Establishing Issuer Due Diligence and Disclosure Programs
- Moderator: Robert Doty, President, American Governmental Financial Services Company
- John Driscoll, City Manager and City Attorney, City of Placerville - No Slides
- Eric Tashman, Partner, Sidley Austin LLP
- Robert Olson, Partner, Squire Sanders & Dempsey LLP
Fundamentals of Debt Financing
September 20-21, 2007, Concord, CA
The first in a series of three debt issuance courses, this one and one-half day seminar is designed to provide participants with fundamental terms, concepts and processes relating to debt issuance. Topics covered in this course include: roles and responsibilities of the issuer as well as other members of the financing team, types of long-term financing, an overview of initial and continuing disclosure, how credit ratings and investor needs can be incorporated into an issuer's bond structure, and the fundamentals of a bond sale.
Participants will generally earn 10.15 hours of continuing education credit for attending this seminar.
- Introduction to Bond Math
Robert Hillman, Senior Vice President, Lehman Brothers
Peter Taylor, Managing Director, Lehman Brothers - Municipal Bond Industry Professionals and Their Roles
- How to Make Sense of the Debt Issuance Process and Your Role in the Process – An Issuer’s Perspective
Richard Arrow, Auditor -Controller, County of Marin
Jesús Nava, Finance Director/Treasurer, City of Burlingame - Types of Short- and Long-Term Financings
David Brodsly, Managing Director, KNN Public Finance
David Jones, Principal Financial Analyst, City of Oakland
Andrew Nakahata, Vice President, Goldman Sachs & Co. - Understanding Credit Enhancement and Ratings
- Initial and Continuing Disclosure
Richard Hiscocks, Partner, Orrick, Herrington & Sutcliffe LLP - Fundamentals of a Bond Sale
Gary Hall, Vice President, J.P. Morgan Securities Inc.
California Special Districts Association 38th Annual Conference
October 1-4, 2007, Monterey, CA
- Municipal Securities Disclosure Requirements: The Story Your District Is Required to Tell
Stephen Spitz, Partner, Orrick Herrington & Sutcliffe
Brian Thomas, Chief Financial Officer, Metropolitan Water District of Southern California
Investing Public Funds: Fundamentals of Managing Your Portfolio
October 18-19, 2007, Burlingame, CA
This is CDIAC's basic public fund investment course. This one and one-half day seminar is designed to provide local public officials and their staff involved in the investment of public funds with the opportunity to obtain information about investment concepts and instruments, cash flow analysis, investing operating funds and bond proceeds, fiduciary and investment oversight responsibilities, and general portfolio management.
Participants will generally earn 9.45 hours of continuing education credit for attending this seminar.
- Session I - Understanding the Responsibilities of Public Fund Investing
- Pauline Marx, Chief Assistant Treasurer, City and County of San Francisco
- Bill Pollacek, Treasurer and Tax Collector, Contra Costa County
- Session II - Investment Concept Fundamentals
- Martin Cassell, Executive Vice President &Chief Investment Officer of Chandler Asset Management
- Hank Stern, Treasurer, City of Anaheim
- Session III - The Roles and Responsibilities of Investment Advisors and Broker/Dealers
- Session IV - Cash Flow Analysis in Portfolio Management and Investing Idle Cash
- Session V - The Day-to-Day Management of Public Funds and Investment Reports
- Session VI - Benchmarking for Performance
- Nancy Jones, Managing Director, Public Financial Management Inc.
- Charles Lomeli, Treasurer-Tax Collector, Solano County
- Mike Reynolds, Treasurer, City of Redlands
- Session VII - Investment Case Study
- Moderator: Bill Blackwill, Senior Vice President - Investments, Citigroup Global Markets, Inc.
- Panel: Seminar Faculty
Understanding Municipal Securities Regulations
November 15, 2007, San Mateo, CA
This one-day seminar focuses on the requirements for and the process of disclosing municipal securities information to the market. The program provides information on the federal securities laws and an in-depth discussion of topical disclosure issues including recent SEC Rulings, the status of the central post office system, and updates on OPEB disclosure. In addition, a hands-on case study is included to emphasize the concepts and practices discussed through out the seminar. Participants will gain a better understanding of the disclosure process and considerations that confront local government officials and other municipal securities professionals.
Participants will generally earn 6 hours of continuing education credit for attending this seminar.
- Overview of Federal Laws and Securities and Exchange Commission Rules Governing Disclosure
Richard Hiscocks, Partner, Orrick, Herrington & Sutcliffe LLP - Good Disclosure: It's in the Process
- Moderator and Speaker: Julia Cooper, Deputy Director of Finance, City of San Jose
- Speaker Panel:
- William Lofton, Partner, Lofton & Jennings, LLC
- Leonard Berry, Backstrom McCarley Berry & Co
- Sarah Hollenbeck, Senior Managing Consultant, Public Financial Management
- Mary Colby, Vice President, Charles Schwab Investment Management - No Slides
- Hot Topics in Disclosure
- Moderator: Robert Doty, President, American Governmental Financial Services Company
- Speaker Panel:
- John Botsford, Principal and Consulting Actuary, Milliman, Inc
- Robert Larkins, Managing Director, Lehman Brothers, Inc
- Kelly Bowers, Senior Assistant Regional Director, Securities and Exchange Commission - No Slides
- Rob Yolland, Senior Vice President, Franklin Templeton Investments and Vice Chair of the National Federation of Municipal Analysts
Previous Seminars
- 2006 Seminars
- 2005 Seminars
- 2005 Tools to Revitalize California Communities Activities
- 2004 Seminars
- 2004 Tools to Revitalize California Communities Activities
- 2003 Seminars
- 2003 Tools to Revitalize California Communities Activities
