California Municipal Treasurers Association...Dan Matusiewicz reported he hasn’t heard back yet...

California Municipal Treasurers Association Board of Directors Meeting

Date: Wednesday, February 27, 2019 Time: 1:00 p.m. – 2:00 p.m. Call-In: 1-669-900-6833 Meeting ID: 456 929 578 #

AGENDA

I. CALL TO ORDER

II. APPROVAL OF THE AGENDA

III. ROLL CALL

President Dan Matusiewicz, CCMT, CFIP

President-Elect Donald Patterson, CCMT

Secretary Jennifer Leisz

Treasurer (Interim) Rudy Livingston, CPA, CCMT

Past President Rudy Livingston, CPA, CCMT

Division 1 – North Vacant

Division 2 – South Michael Solorza

IV. COMMITTEE CHAIRS, STAFF AND GUESTS

Education and Certification Hubert White

Investment Policy Certification Subcommittee Chair

Shaun Farrell, CCMT

Certification CCMT and CTC Subcommittee Chair

Ernestine Jones, CCMT

Education Subcommittee Chair Susan Munson, CFP, CFIP

Membership Damien Charléty, CCMT

Communications Margaret Moggia, CPA, CTC

Commercial Associate Liaison Kyle Tanaka

Commercial Associate Member Greg Whipple

Governance and Finance Committee Chair Rudy Livingston, CCMT

Revenue and Taxation Policy Committee Representative

Vacant

Meetings and Membership Specialist Yelena Martynovskaya

Meetings and Membership Assistant Kristy Schrimsher

Meetings and Membership Assistant Zach Seals

V. CURRENT BUSINESS

A. MINUTES FROM THE DECEMBER 19, 2018 AND JANUARY 16, 2018, BOARD OF DIRECTORS MEETING

Recommended Action: Approve and file.

B. FINANCIAL REPORT AS OF JANUARY 31, 2019 Summary: Review and discuss financial position and YTD financial activity. Recommended Action: Approve and file.

CMTA Board of Directors Agenda Wednesday, February 27 2019

VI. 2019 ELECTIONS VII. COMMITTEE REPORTS

A. EDUCATION AND CERTIFICATION HUBERT WHITE

1. INVESTMENT POLICY CERTIFICATION SHAUN FARRELL SUBCOMMITTEE

2. CERTIFICATION CCMT AND CTC SUBCOMMITTEE ERNESTINE JONES

3. EDUCATION SUBCOMMITTEE SUSAN MUNSON

B. MEMBERSHIP DAMIEN CHARLETY

C. COMMUNICATIONS MARGARET MOGGIA

D. COMMERCIAL ASSOCIATE LIAISON KYLE TANAKA

E. GOVERNANCE AND FINANCE COMMITTEE CHAIR RUDY LIVINGSTON

1. REVENUE AND TAXATION POLICY COMMITTEE

REPRESENTATIVE

F. 2019 CONFERENCE COMMITTEE DAN MATUSIEWICZ

G. 2020 CONFERENCE COMMITTEE DON PATTERSON

1. 2020 CONTRACT VIII. NON AGENDA BOARD MEMBER COMMENTS

A. ROUND TABLE BOARD MEMBER ANNOUNCEMENTS, COMMENTS & QUESTIONS

IX. ITEMS FOR FUTURE CONSIDERATION

X. NEXT BOARD MEETINGS

MARCH 20, 2019 APRIL 17, 2019 MAY 15, 2019

XI. ADJOURN

ATTACHMENT A Board of Directors Meeting Minutes from December 19, 2018 & January 16, 2019

CALIFORNIA MUNICIPAL TREASURERS ASSOCIATION ServingCaliforniaSince1959

Board of Directors Meeting Wednesday, December 19, 2018

Minutes President Dan Matusiewicz welcomed the board members, staff and guests and called the meeting to order at 1:05 pm.

X President Dan Matusiewicz, CCMT, CFIP

X President-Elect Donald Patterson, CCMT

X Secretary Jennifer Leisz




X Division 2 – South Michael Solorza Committee Chairs, Staff and Guests:

Education and Certification Hubert White

X Investment Policy Certification Subcommittee Chair

Shaun Farrell, CCMT

X Certification CCMT and CTC Subcommittee Chair


Education Subcommittee Chair Susan Munson, CFP, CFIP

X Membership Damien Charléty, CCMT

Communications Margaret Moggia, CPA, CTC




Revenue and Taxation Policy Committee Representative Vacant

X Meetings and Membership Specialist Yelena Martynovskaya

X Meetings and Membership Assistant Kristy Schrimsher

X Meetings and Membership Assistant Zach Seals Consent Calendar The board reviewed the minutes from November 21, 2018 Board of Directors Meeting. Donald Patterson moved to approve the November minutes. Dan Matusiewicz seconded the motion. November 21, 2018 minutes were approved. The board reviewed the financials from November 30, 2018. The board discussed the reduction in revenue due to conference registrations. Jennifer Leisz moved to approve the November financials. Michael Solorza seconded the motion. November 30, 2018 financials were approved.

2019 Board Elections Yelena reported that she worked with Rudy Livingston to set up an online application for 2019 nominations as well as the email to membership. Yelena also reported that the email needs to be approved before it goes out. Yelena will work with Don Patterson on getting the nominations email out after the holidays. Committee Reports Education and Certification Committee Susan Munson reported on the progress the committee has been making on the 2019 Conference program which included reviewing all speaker abstracts that were received and making the speaker selections. Yelena reported that all speaker acceptance and decline letters have been sent. Yelena reported on the 2019 CMTA & CDIAC January training in Riverside, reporting that there are 49 registrants so far and the room rate deadline email will be going out prior to December 21st. Investment Policy Certification Subcommittee Shaun reported that City of Oxnard resubmitted their Investment Policy after receiving a passing score last year. Shaun wanted to highlight City of Oxnard’s policy because they have received a 100% passing score and that the city took into account all recommendations from the Investment Policy Subcommittee and improved their policy. Shaun also reported that the website listing all policies needs to be updated with the most recent policies. Certification CCMT and CTC Subcommittee Ernestine Jones submitted a prior written report that the Certification Committee is continuing to work on its goals. The Subcommittee is currently working on drafting a template for presentation of the Certification award to a candidate at their Board/Council meeting.

Membership Committee Damien Charléty submitted a prior written report that there were goals short term and long term that he worked on with Yelena and the committee are finalizing the future goals. Communications Committee Margaret Moggia submitted a prior written report that the committee continues to focus on the action plan items, and see where the committee can support the organization. Commercial Associate Liaison Kyle Tanaka submitted a prior written report that he has been working on a Sponsorship Opportunities for a one-page marketing material with the Education and Communication Committees. The goal will be to have it presented to the rest of the board in January. Kyle also submitted an update on the February 14th with Manufactures Bank in Southern California. Governance and Finance Committee Dan Matusiewicz reported that the committee is finalizing he elections information and will most likely have this out to membership in January for the elections to take place in February. Revenue and Taxation Policy Committee No report. 2018-19 Conference Committee Dan Matusiewicz reported he hasn’t heard back yet from potential keynote speakers for the 2019 Conference so the search for keynote speakers is still ongoing. Dan confirmed that Yelena will work closely with Susan Munson on the conference marketing which needs to begin momentarily and Susan confirmed that the sessions need to be promoted as well. Yelena reported that the committee is researching the possibility of having an event app which will help on the expense side with not having to print a large conference program.

Dan also reported that the committee is looking into having a larger electronic exposure for sponsors such as giving them more options with online and newsletter advertisement. Yelena will work on creating a more generic language for the advertising benefits to include in the 2019 Sponsor Prospectus. 2019-20 Conference Committee Don Patterson reported that the committee held a site visit, focusing on San Francisco area and bay area in general. The committee narrowed the search down to Hyatt Burlingame, Embassy Suites Burlingame, and Marriott San Mateo. Don further reported on the specifics and pros and cons of each venue and stated that at this time it is a toss up between Embassy Suites and Marriott. Meeting adjourned at 1:47 p.m. Respectfully submitted, Yelena Martynovskaya Meeting & Membership Specialist

Board of Directors Meeting Wednesday, January 16, 2019 Minutes President Dan Matusiewicz welcomed the board members, staff and guests and called the meeting to order at 1:06 pm. In the absence of a quorum, action items were tabled for the next board meeting.

X President Dan Matusiewicz, CCMT, CFIP

X President-Elect Donald Patterson, CCMT

Secretary Jennifer Leisz




X Division 2 – South Michael Solorza

Committee Chairs, Staff and Guests:

X Education and Certification Hubert White

X Investment Policy Certification Subcommittee Chair

Shaun Farrell, CCMT

X Certification CCMT and CTC Subcommittee Chair


X Education Subcommittee Chair Susan Munson, CFP, CFIP

X Membership Damien Charléty, CCMT

X Communications Margaret Moggia, CPA, CTC




Revenue and Taxation Policy Committee Representative

Vacant

X Meetings and Membership Specialist Yelena Martynovskaya

X Meetings and Membership Assistant Kristy Schrimsher

X Meetings and Membership Assistant Zach Seals

CALIFORNIA MUNICIPAL TREASURERS ASSOCIATION ServingCaliforniaSince1959

2019 Board Elections President Dan Matusiewicz reported that Rudy will not be available for some time and that Don Patterson has been overseeing a Call for Nominations email. Don reported that the nominations email has been approved to be sent out to membership with a closing date of February 1st. Committee Reports Education and Certification Committee Hubert White reported on the February 14th Lunch and Learn event in conjunction with Manufacturers Bank in Brea, CA. Yelena reported that 11 people have signed up so far and the promotional email has gone out. Yelena reported that she will also add this event to the CMTA LinkedIn account. Michael Solorza also reported that he will work on the event promotion. Damien Charléty brought up the question of member vs. non-member event pricing for CSMFO members and if that is something that CMTA can look into. The board discussed this and agreed that this will be a good strategy for future events. Margaret Moggia reported that CMTA needs all the revenue generated from events it can get in order to fund the association and that the two organizations are independent and different. Margaret further reported that CSMFO is in a good financial standing and will not be changing their format to accommodate another organization. Damien further reported that CMTA should focus more on engaging CSMFO members in order to improve the quality of education provided by both associations, and to reach something that will be beneficial for members of both while showcasing CMTA. The board agreed that this topic is worth exploring and that the Membership Committee can work on forming strategic relationships with other organizations. Margaret reported that we need to encourage others to be a part of both organizations because it is a fiduciary responsibility. Don suggested holding a chapter lunch in partnership with CSMFO. Margaret will look into this as she is working closely with CSMFO chapters. Susan Munson reported on the progress of the 2019 CMTA Conference program and that even though the bulk of the program is set, keynote speakers haven’t been secured yet. Susan reported that she will be focusing on the CMTA Specialized Training pre-conference session once the keynotes are booked. Investment Policy Certification Subcommittee No report. Certification CCMT and CTC Subcommittee Ernestine Jones reported that she attended the CSMFO conference and helped out at the CMTA booth in the exhibit hall there where she spoke to many attendees that stopped at the booth about the certification program. Ernestine further reported that the committee has been working on finalizing the renewal fee for the CCMT holders. Ernestine also reported that she will be working with the Education Committee on reviewing the conference sessions and assigning the Specialized Training hours to the sessions that qualify. Commercial Associate Liaison Yelena reported that she worked with Kyle Tanaka to finalize the sponsorship packet for the 2019 Annual Conference. Dan reported that Kyle is no longer with CalTRUST but his new agency is interested in getting involved with CMTA.

Revenue and Taxation Policy Committee Don reported that he does not have any updates on the person who is interested in filling the role of Revenue and Taxation Policy Committee representative. 2018-19 Conference Committee Susan reported that the search for keynote speakers is still going on and that there are several leads that the committee is pursuing such as Fiona Ma. 2019-20 Conference Committee Don reported that he has been working with Teri who is wrapping up the contracts for the two venues in Northern California. Don also reported that the committee, along with the Education Committee, has been looking at some program restructuring for the future, specifically to have one extra day, Tuesday, for the pre-conference. Don reported that the program restructure with an extra day is taken into consideration in the contract negotiations.

Non-Agenda Board Member Comments / Round Table Board Member Announcements, Comments and Questions Dan Matusiewicz clarified that for the 2019 elections, the position of Board Member North will have a limited term as this is a vacancy and will be up for reelection in 2020.

Meeting adjourned at 1:52 p.m. Respectfully submitted, Yelena Martynovskaya Meeting & Membership Specialist

ATTACHMENT B Financial Report as of January 31, 2019

8:49 AM 02/05/19 Accrual Basis

CMTA Balance Sheet

As of January 31, 2019

Page 1 of 10

Jan 31, 19 Jan 31, 18 $ Change

ASSETS

Current Assets

Checking/Savings

1010000 · Cash and cash equivalents

1010400 · General - Chase-8076 39,405.67 81,352.17 -41,946.50

1010500 · Education - Chase 7,534.12 7,534.12 0.00

Total 1010000 · Cash and cash equivalents 46,939.79 88,886.29 -41,946.50

1020000 · Investments1020100 · LAIF 48,229.10 47,279.26 949.84

Total 1020000 · Investments 48,229.10 47,279.26 949.84

Total Checking/Savings 95,168.89 136,165.55 -40,996.66

Other Current Assets

1040100 · YourMembership AR 23,660.00 13,694.00 9,966.00

1049000 · Undeposited funds 330.00 2,787.00 -2,457.00

1070000 · Prepaid expenses 916.96 1,164.34 -247.38

Total Other Current Assets 24,906.96 17,645.34 7,261.62Total Current Assets 120,075.85 153,810.89 -33,735.04

TOTAL ASSETS 120,075.85 153,810.89 -33,735.04

LIABILITIES & EQUITYLiabilities

Current LiabilitiesAccounts Payable

2010000 · Accounts payable 0.00 1,389.52 -1,389.52

Total Accounts Payable 0.00 1,389.52 -1,389.52

Other Current Liabilities

2030000 · Other liabilitiesSales tax payable 0.00 -5.38 5.38

Total 2030000 · Other liabilities 0.00 -5.38 5.38Total Other Current Liabilities 0.00 -5.38 5.38

Total Current Liabilities 0.00 1,384.14 -1,384.14Total Liabilities 0.00 1,384.14 -1,384.14Equity

3700000 · Retained Earnings 1,609.17 0.00 1,609.173740000 · General fund 59,983.95 71,051.66 -11,067.713750000 · M Woodward Memorial Education 18,910.00 18,910.00 0.00Net Income 39,572.73 62,465.09 -22,892.36

Total Equity 120,075.85 152,426.75 -32,350.90TOTAL LIABILITIES & EQUITY 120,075.85 153,810.89 -33,735.04


CMTA Profit & Loss

July 2018 through January 2019

Page 2 of 10

Jul '18 - Jan 19 Jul '17 - Jan 18 $ Change

Income

4010000 · Membership dues 48,409.55 55,530.00 -7,120.45

4500000 · Program services 71,485.00 66,992.00 4,493.00

4980000 · Interest 773.93 378.34 395.59

4999999 · Other 0.00 0.00 0.00

Total Income 120,668.48 122,900.34 -2,231.86

Gross Profit 120,668.48 122,900.34 -2,231.86

Expense

5010000 · Management and general 54,145.53 50,581.94 3,563.595050000 · Program services expenses 26,875.22 9,853.31 17,021.915060000 · Prior Year Expenses 75.00 0.00 75.00

Total Expense 81,095.75 60,435.25 20,660.50Net Income 39,572.73 62,465.09 -22,892.36


CMTA Profit & Loss Prev Year Comparison


Page 3 of 10

Jul '18 - Jan 19 Jul '17 - Jan 18 $ Change % Change

Income

4010000 · Membership dues

4010100 · Dues (Public) 44,924.55 48,940.00 -4,015.45 -8.21%

4010200 · Dues (commercial) 3,485.00 6,560.00 -3,075.00 -46.88%

4010400 · Dues (Alumni) 0.00 30.00 -30.00 -100.0%

Total 4010000 · Membership dues 48,409.55 55,530.00 -7,120.45 -12.82%

4500000 · Program services

4510000 · Certification

4510100 · Investment Policy Application 1,925.00 2,120.00 -195.00 -9.2%

4510400 · Certification program app. fee 125.00 180.00 -55.00 -30.56%

4510000 · Certification - Other 0.00 0.00 0.00 0.0%

Total 4510000 · Certification 2,050.00 2,300.00 -250.00 -10.87%

4520000 · Education

4520300 · Essentials Workshop 20,425.00 0.00 20,425.00 100.0%

4520400 · Advanced Workshop 0.00 12,750.00 -12,750.00 -100.0%

Total 4520000 · Education 20,425.00 12,750.00 7,675.00 60.2%

4530000 · Publications

4530100 · Handbook 0.00 54.00 -54.00 -100.0%

4530300 · Job Ads 900.00 675.00 225.00 33.33%

Total 4530000 · Publications 900.00 729.00 171.00 23.46%4560000 · Annual Conference

4560100 · Registrations

4560110 · Active Members 12,375.00 17,818.00 -5,443.00 -30.55%

4560120 · Commercial Associates 8,780.00 895.00 7,885.00 881.01%

4560100 · Registrations - Other 555.00 0.00 555.00 100.0%Total 4560100 · Registrations 21,710.00 18,713.00 2,997.00 16.02%4560200 · Sponsors/ Exhibtors 26,400.00 32,500.00 -6,100.00 -18.77%

Total 4560000 · Annual Conference 48,110.00 51,213.00 -3,103.00 -6.06%

Total 4500000 · Program services 71,485.00 66,992.00 4,493.00 6.71%

4980000 · Interest 773.93 378.34 395.59 104.56%

4999999 · Other 0.00 0.00 0.00 0.0%

Total Income 120,668.48 122,900.34 -2,231.86 -1.82%

Gross Profit 120,668.48 122,900.34 -2,231.86 -1.82%

Expense5010000 · Management and general

5010100 · Audit 3,065.00 0.00 3,065.00 100.0%5010300 · In House Printing 10.52 54.32 -43.80 -80.63%5010310 · Storage 132.58 130.72 1.86 1.42%

5010400 · Contract Services

5010420 · Website update and maintenance 3,209.15 3,211.04 -1.89 -0.06%

5010430 · SMA - AMC 43,750.00 43,316.14 433.86 1.0%Total 5010400 · Contract Services 46,959.15 46,527.18 431.97 0.93%5010600 · Insurance 1,179.17 1,179.18 -0.01 -0.0%5010800 · Taxes and Filings 98.00 20.00 78.00 390.0%5010900 · Postage 702.77 214.06 488.71 228.31%5011200 · Telecommunications

5011210 · Internet services 29.98 84.99 -55.01 -64.73%5011220 · Telephone 271.33 415.51 -144.18 -34.7%5011200 · Telecommunications - Other 43.06 0.00 43.06 100.0%

Total 5011200 · Telecommunications 344.37 500.50 -156.13 -31.2%5011300 · Supplies 2.96 13.20 -10.24 -77.58%5011500 · Bank and Merchant Fees

5011510 · Bank Fees 435.43 0.00 435.43 100.0%5011520 · Merchant Fees 1,215.58 1,942.78 -727.20 -37.43%


CMTA Profit & Loss Prev Year Comparison


Page 4 of 10

Jul '18 - Jan 19 Jul '17 - Jan 18 $ Change % ChangeTotal 5011500 · Bank and Merchant Fees 1,651.01 1,942.78 -291.77 -15.02%

Total 5010000 · Management and general 54,145.53 50,581.94 3,563.59 7.05%5050000 · Program services expenses

5051000 · Certification5051100 · Investment Policy Application 0.00 41.09 -41.09 -100.0%

5051500 · FIA Contract MOU 0.00 5,000.00 -5,000.00 -100.0%

5052100 · CCMT/CTC Expenses 63.94 0.00 63.94 100.0%

Total 5051000 · Certification 63.94 5,041.09 -4,977.15 -98.73%5053000 · Education

5520200 · Educational Support Expenses 17.90 0.00 17.90 100.0%5520300 · Essential Workshop Expenses 19,721.62 0.00 19,721.62 100.0%5520400 · Advanced Workshop Expenses 0.00 4,187.50 -4,187.50 -100.0%

Total 5053000 · Education 19,739.52 4,187.50 15,552.02 371.39%5054000 · Publications

5054300 · Printing - General 0.00 0.65 -0.65 -100.0%Total 5054000 · Publications 0.00 0.65 -0.65 -100.0%5056000 · Annual Conference

5056250 · Banquet - Entertainment, Decor. 6,437.02 0.00 6,437.02 100.0%5056525 · Lodging/Travel

505626 · Board 259.68 488.57 -228.89 -46.85%505627 · Staff 0.00 113.98 -113.98 -100.0%5056525 · Lodging/Travel - Other 197.16 0.00 197.16 100.0%

Total 5056525 · Lodging/Travel 456.84 602.55 -145.71 -24.18%5056700 · Printing 45.26 0.00 45.26 100.0%5056800 · Supplies 0.00 21.52 -21.52 -100.0%5056999 · Miscellaneous 132.64 0.00 132.64 100.0%

Total 5056000 · Annual Conference 7,071.76 624.07 6,447.69 1,033.17%Total 5050000 · Program services expenses 26,875.22 9,853.31 17,021.91 172.75%5060000 · Prior Year Expenses 75.00 0.00 75.00 100.0%

Total Expense 81,095.75 60,435.25 20,660.50 34.19%Net Income 39,572.73 62,465.09 -22,892.36 -36.65%


CMTA Profit & Loss Budget Performance

January 2019

Page 5 of 10

Jan 19 Jul '18 - Jan 19 YTD Budget $ Over Budget Annual Budget

Income

4010000 · Membership dues

4010100 · Dues (Public) 855.00 44,924.55 52,000.00 -7,075.45 52,000.00

4010200 · Dues (commercial) 410.00 3,485.00 9,500.00 -6,015.00 9,500.00

4010400 · Dues (Alumni) 0.00 0.00 60.00 -60.00 60.00

Total 4010000 · Membership dues 1,265.00 48,409.55 61,560.00 -13,150.45 61,560.00

4500000 · Program services


4510100 · Investment Policy Application 350.00 1,925.00 1,166.65 758.35 2,000.00

4510200 · CCMT- Certified CA Municipal T. 0.00 0.00 175.00 -175.00 300.00

4510300 · CTC- Certified CA Treasury Crt 0.00 0.00 175.00 -175.00 300.00

4510400 · Certification program app. fee 25.00 125.00 0.00 125.00 0.00

4510000 · Certification - Other 0.00 0.00 0.00 0.00 0.00

Total 4510000 · Certification 375.00 2,050.00 1,516.65 533.35 2,600.00


4520200 · Educational support 0.00 0.00 0.00 0.00 0.00

4520300 · Essentials Workshop 5,825.00 20,425.00 17,500.00 2,925.00 30,000.00

4520400 · Advanced Workshop 0.00 0.00 0.00 0.00 0.00

Total 4520000 · Education 5,825.00 20,425.00 17,500.00 2,925.00 30,000.00


4530100 · Handbook 0.00 0.00 50.00 -50.00 100.00

4530300 · Job Ads 75.00 900.00 583.35 316.65 1,000.00

Total 4530000 · Publications 75.00 900.00 633.35 266.65 1,100.00

4550000 · Scholarship

4550100 · Woodward Memorial Scholarship 0.00 0.00 0.00 0.00 0.00

4550200 · Vincent Amado Scholarship 0.00 0.00 0.00 0.00 8,675.00

Total 4550000 · Scholarship 0.00 0.00 0.00 0.00 8,675.00

4560000 · Annual Conference

4560100 · Registrations

4560110 · Active Members 11,455.00 12,375.00 10,000.00 2,375.00 49,200.00

4560120 · Commercial Associates 8,430.00 8,780.00 0.00 8,780.00 16,000.00

4560130 · Additional Meals 0.00 0.00 0.00 0.00 0.00

4560300 · Pre-Conference Seminar 0.00 0.00 1,500.00 -1,500.00 3,500.00

4560100 · Registrations - Other 555.00 555.00 0.00 555.00 0.00

Total 4560100 · Registrations 20,440.00 21,710.00 11,500.00 10,210.00 68,700.00

4560200 · Sponsors/ Exhibtors

4560220 · Exhibit - Sponsor 0.00 0.00 0.00 0.00 0.00

4560210 · Exhibit Sponsor 0.00 0.00 0.00 0.00 0.00

4560200 · Sponsors/ Exhibtors - Other 26,400.00 26,400.00 34,000.00 -7,600.00 75,000.00

Total 4560200 · Sponsors/ Exhibtors 26,400.00 26,400.00 34,000.00 -7,600.00 75,000.00

Total 4560000 · Annual Conference 46,840.00 48,110.00 45,500.00 2,610.00 143,700.00

Total 4500000 · Program services 53,115.00 71,485.00 65,150.00 6,335.00 186,075.00

4600000 · Division Income 0.00 0.00 0.00 0.00 0.00

4980000 · Interest 289.69 773.93 350.00 423.93 600.00

4999999 · Other 0.00 0.00 0.00 0.00 0.00

Total Income 54,669.69 120,668.48 127,060.00 -6,391.52 248,235.00

Gross Profit 54,669.69 120,668.48 127,060.00 -6,391.52 248,235.00



January 2019

Page 6 of 10


Expense

5010000 · Management and general

5010100 · Audit 3,065.00 3,065.00 0.00 3,065.00 5,000.00

5010200 · Board meetings

5010250 · President's Travel 0.00 0.00 1,000.00 -1,000.00 1,000.00

5054500 · League Advertising 0.00 0.00 0.00 0.00 0.00

5010200 · Board meetings - Other 0.00 0.00 0.00 0.00 0.00

Total 5010200 · Board meetings 0.00 0.00 1,000.00 -1,000.00 1,000.00

5010300 · In House Printing 0.00 10.52 87.50 -76.98 150.00

5010310 · Storage 0.00 132.58 116.65 15.93 200.00

5010400 · Contract Services

5010420 · Website update and maintenance 458.45 3,209.15 3,208.35 0.80 5,500.00

5010430 · SMA - AMC 6,250.00 43,750.00 43,750.00 0.00 75,000.00

Total 5010400 · Contract Services 6,708.45 46,959.15 46,958.35 0.80 80,500.00

5010600 · Insurance 0.00 1,179.17 1,000.00 179.17 2,000.00

5010800 · Taxes and Filings 0.00 98.00 0.00 98.00 500.00

5010900 · Postage 0.00 702.77 583.35 119.42 1,000.00

5011200 · Telecommunications

5011210 · Internet services 0.00 29.98 58.35 -28.37 100.00

5011220 · Telephone 0.00 271.33 291.68 -20.35 500.00

5011200 · Telecommunications - Other 0.00 43.06

Total 5011200 · Telecommunications 0.00 344.37 350.03 -5.66 600.00

5011300 · Supplies 0.00 2.96 58.35 -55.39 100.00

5011500 · Bank and Merchant Fees

5011510 · Bank Fees 56.22 435.43 0.00 435.43 0.00

5011520 · Merchant Fees 295.53 1,215.58 3,208.35 -1,992.77 5,500.00

Total 5011500 · Bank and Merchant Fees 351.75 1,651.01 3,208.35 -1,557.34 5,500.00

Total 5010000 · Management and general 10,125.20 54,145.53 53,362.58 782.95 96,550.00

5050000 · Program services expenses



January 2019

Page 7 of 10



5051100 · Investment Policy Application 0.00 0.00 40.00 -40.00 40.00

5051500 · FIA Contract MOU 0.00 0.00 0.00 0.00 0.00

5052100 · CCMT/CTC Expenses 0.00 63.94 0.00 63.94 2,500.00

5051000 · Certification - Other 0.00 0.00 0.00 0.00 0.00

Total 5051000 · Certification 0.00 63.94 40.00 23.94 2,540.00


5520200 · Educational Support Expenses 0.00 17.90

5520300 · Essential Workshop Expenses 19,603.66 19,721.62 16,666.67 3,054.95 25,000.00

5520400 · Advanced Workshop Expenses 0.00 0.00 0.00 0.00 0.00

Total 5053000 · Education 19,603.66 19,739.52 16,666.67 3,072.85 25,000.00


5054300 · Printing - General 0.00 0.00 10.00 -10.00 10.00

5054400 · Roster 0.00 0.00 0.00 0.00 0.00

Total 5054000 · Publications 0.00 0.00 10.00 -10.00 10.00

5055000 · Woodward Memorial Scholarship5055100 · Woodward memorial 0.00 0.00 0.00 0.00 0.00

Total 5055000 · Woodward Memorial Scholarship 0.00 0.00 0.00 0.00 0.00

5056000 · Annual Conference

5056100 · Annual conference planning 0.00 0.00 0.00 0.00 0.00

5056200 · Audio Video 0.00 0.00 0.00 0.00 16,000.00

5056250 · Banquet - Entertainment, Decor. 375.00 6,437.02 0.00 6,437.02 17,000.00

5056300 · Gifts & Mementos

5056305 · Attendee 0.00 0.00 0.00 0.00 2,000.00

5056310 · Speaker, Sponsor, Board 0.00 0.00 0.00 0.00 1,600.00

5056300 · Gifts & Mementos - Other 0.00 0.00 0.00 0.00 100.00

Total 5056300 · Gifts & Mementos 0.00 0.00 0.00 0.00 3,700.00

5056400 · Food and Beverage - Hotel 0.00 0.00 0.00 0.00 70,000.00

5056525 · Lodging/Travel

505626 · Board 141.72 259.68 2,000.00 -1,740.32 2,000.00

505627 · Staff 0.00 0.00 3,000.00 -3,000.00 3,000.00

5056525 · Lodging/Travel - Other 197.16 197.16 1,000.00 -802.84 1,000.00

Total 5056525 · Lodging/Travel 338.88 456.84 6,000.00 -5,543.16 6,000.00

5056650 · Postage 0.00 0.00 0.00 0.00 200.00

5056700 · Printing 45.26 45.26 0.00 45.26 2,000.00

5056750 · Speaker Expense 0.00 0.00 0.00 0.00 0.00

5056800 · Supplies 0.00 0.00 0.00 0.00 50.00

5056970 · Vince Amado Scholarship Expense 0.00 0.00 0.00 0.00 0.00

5056999 · Miscellaneous 132.64 132.64

5056000 · Annual Conference - Other 0.00 0.00 0.00 0.00 0.00Total 5056000 · Annual Conference 891.78 7,071.76 6,000.00 1,071.76 114,950.00

Total 5050000 · Program services expenses 20,495.44 26,875.22 22,716.67 4,158.55 142,500.005060000 · Prior Year Expenses 0.00 75.00

Total Expense 30,620.64 81,095.75 76,079.25 5,016.50 239,050.00Net Income 24,049.05 39,572.73 50,980.75 -11,408.02 9,185.00

January 2019 Accounts Receivable

Date Invoice Number Last Name Organization Balance GL Code1/15/2019 200002017 Brown Riverside County Treasure 550 4500000 Program services:4520000 Education:4520300 Essentials Workshop1/15/2019 200002020 Cooper City of Carson 275 4500000 Program services:4520000 Education:4520300 Essentials Workshop1/15/2019 200002017 Brown Riverside County Treasure 275 4500000 Program services:4520000 Education:4520300 Essentials Workshop12/6/2018 200001946 Brown 275 4500000 Program services:4520000 Education:4520300 Essentials Workshop

1375

1/17/2019 200002026 Tang City of San Gabriel 315 4560100Conference:4560110 Annual Conf. - Active1/17/2019 200002026 Tang City of San Gabriel 100 4560100Conference:4560110 Annual Conf. - Active1/29/2019 200002051 Wei City of San Gabriel 315 4560100Conference:4560110 Annual Conf. - Active1/29/2019 200002051 Wei City of San Gabriel 100 4560100Conference:4560110 Annual Conf. - Active

830

1/23/2019 200002038 Ibarrola East West Bank 555 4560100Conference:4560120 Annual Conf- Commercial555

1/23/2019 200002041 Giel First Empire 5000 4560100Conference:4560120 Sponsorship:4560200 Exhibitor5000

1/29/2019 200002050 Tight Public Trust Advisors 900 4560200 Exhibitor/ Sponsor900

1/15/2019 200002019 Damm Promontory Interfinancial 3000 4560200 Exhibitor/ Sponsor1/23/2019 200002042 Ng Bank of the West 3000 4560200 Exhibitor/ Sponsor1/16/2019 200002024 Carrels Incapital 3000 4560200 Exhibitor/ Sponsor1/29/2019 200002049 Simonton Cantor Fitzgerald & Co 3000 4560200 Exhibitor/ Sponsor1/29/2019 200002045 Tight Public Trust Advisors 3000 4560200 Exhibitor/ Sponsor

$15,000

Total AR - January 31st $23,660


CMTA Expense Detail

January 2019

Page 9 of 10

Type Date Num Name Memo DebitExpense5010000 · Management and general5010100 · Audit

Bill 01/15/2019 3605 Chavez, Baker + Associates CMTA Financial Audit 3,065.00Total 5010100 · Audit 3,065.005010400 · Contract Services

5010420 · Website update and maintenanceGeneral Journal 01/01/2019 2018-0243 Your Membership - 458.45

Total 5010420 · Website update and maintenance 458.455010430 · SMA - AMC

Bill 01/02/2019 20180791 Smith Moore & Associates, Inc. Administrative and Conference Servic 6,250.00Total 5010430 · SMA - AMC 6,250.00

Total 5010400 · Contract Services 6,708.455011500 · Bank and Merchant Fees

5011510 · Bank FeesCheck 01/15/2019 EFT Account Analysis Fee 56.22

Total 5011510 · Bank Fees 56.225011520 · Merchant Fees

Check 01/02/2019 EFT Merchant Services 295.53Total 5011520 · Merchant Fees 295.53

Total 5011500 · Bank and Merchant Fees 351.75Total 5010000 · Management and general 10,125.205050000 · Program services expenses5053000 · Education

5520300 · Essential Workshop ExpensesGeneral Journal 01/22/2019 2018-0234 Riverside Convention Center Riverside Convention Center 1,950.00Bill 01/22/2019 Riverside Convention Center CMTA & CDIAC 2019 Workshop 17,653.66

Total 5520300 · Essential Workshop Expenses 19,603.66Total 5053000 · Education 19,603.665056000 · Annual Conference

5056250 · Banquet - Entertainment, Decor.Bill 01/15/2019 50 % DeposThird Coast Jazz Band Entertainment 375.00

Total 5056250 · Banquet - Entertainment, Decor. 375.005056525 · Lodging/Travel

505626 · BoardBill 01/14/2019 Don Patterson [v] Airfare and Parking 141.72Bill 01/15/2019 Rudy Livingston {v} VOID: 0.00

Total 505626 · Board 141.725056525 · Lodging/Travel - Other

Bill 01/15/2019 Meetings & Assoc. Management Flights for Teri and Marisa 197.16Total 5056525 · Lodging/Travel - Other 197.16

Total 5056525 · Lodging/Travel 338.885056700 · Printing


CMTA Expense Detail

January 2019

Page 10 of 10

Type Date Num Name Memo DebitBill 01/07/2019 3399021-0 Sierra Office Supply & Printing Save the Date Printing 45.26

Total 5056700 · Printing 45.265056999 · Miscellaneous

General Journal 01/01/2019 2019-001 2019 Conference site visit 132.64Total 5056999 · Miscellaneous 132.64

Total 5056000 · Annual Conference 891.78Total 5050000 · Program services expenses 20,495.44

Total Expense 30,620.64Net Income 30,620.64

ATTACHMENT C 2019 Elections: Nomination Report

2019 Nominations President Elect: 2019‐2020 Thomas Metz, Deputy City Treasurer, City of Palm Desert Hubert White, Investment Officer, City and Co of SF Secretary: 2019‐2021 No Nominations Treasurer: 2019‐2021 Jennifer Leisz, CCMT, Deputy Director ‐ Financial Services, City of Tustin Nadia Feeser, Administrative Services Director/ City Treasurer, City of Pismo Beach Director North: 2018‐2020 (Vacancy until 2020) Damien Charléty, CCMT, Investment Officer, East Bay MUD Director South: 2019‐2021 Michael Solorza, Director of Administrative Services/City Treasurer, City of Pico Rivera

Candidate Qualifications and Statements Thomas Metz, Deputy City Treasurer, City of Palm Desert Qualifications: Lawyer with MBA in Finance. CMTA member since 1996. CMTA Legislative Committee member (2005‐2009). Certified CA Municipal Treasurer and Certified CA District Treasurer. Manager of a $300 million municipal investment portfolio. Statement: With more counties and special districts joining CMTA and with the continued threat of more state raids on local agency funds, it is time to transform CMTA into the "California Treasurers Association". This will promote unity among local agencies and will allow them to speak with one voice in Sacramento. As President‐Elect, I would be uniquely positioned to assist in this effort, having served as an investment officer for a water agency and for a municipality, and having worked with and having been an associate member of the County Association of California Treasurers and Tax Collectors ("CACTTC"). Hubert White, Investment Officer, City and Co of SF Qualifications: Please see my qualifications listed below: * Over 25 years of Investment and Cash Management experience in various position in both the private and public sectors. * Current President of IMPAC (Investment Managers of Public Agencies Council) responsible for membership, organizing quarterly meetings including determining location, developing educational content and engaging subject matter experts to present, and overseeing the actual meeting. * have been a speaker on various investment and treasury topics for CSMFO, CACTCC, CMTA, and CDIAC. * Currently serve as Chairman for the Education & Certification Committee for CMTA. Statement: I have been an active member of CMTA and GIOA since I started in the public sector and firmly believe in the mission of educating and helping all who have the responsibility and oversight of public funds. We, as stewards of public funds, should continually strive to raise the bar through any opportunity to increase our knowledge of the work we perform and to follow and promote the highest ethical standards. As President Elect, I will readily assume this responsibility and dedicate myself to furthering this mission.

Jennifer Leisz, CCMT, Deputy Director ‐ Financial Services, City of Tustin Qualifications: Secretary ‐ “California Municipal Treasurers Association Executive Board “2017 – current. *Certified California Municipal Treasurer Certificate ‐July 2018. *19 years of local government accounting and management experience . *B.S. in Accountancy, Northern Illinois University DeKalb, IL Illinois CPA Certificate No. 30587. *Leadership Tomorrow Graduate Class of 2016. *City of Tustin November 2009‐present Deputy Director‐Financial Services. Statement: I have been honored to serve as Secretary for CMTA for the past two years, and have been managing the Treasury function for our City for about 3 years. I welcome the opportunity to continue to serve the CMTA organization as Treasurer, continuing to grow our organization both in the number of members and in the knowledge and abilities making us excellent treasury professionals. I completed the CCMTC program last year, and am very excited about the wealth of knowledge available to improve our Treasury services. The network of professionals in CMTA has been invaluable in helping me learn and grow. I’ve always appreciated the wonderful collaborative spirit of the people in CMTA and look forward to serving you and working to improve and continue the educational and networking opportunities that this organization offers, as well as recruiting new members. The team at CMTA is strong, our people are capable, and together we will

accomplish many new things moving forward! Home is in San Clemente, CA where I enjoy walking on the beach trail and serving at Pacific Coast Church. Nadia Feeser, Administrative Services Director/ City Treasurer, City of Pismo Beach Qualifications: As a Finance Director and City Treasurer, I believe I am qualified to carry out the duties and responsibilities of the CMTA Treasurer. I am proficient at monitoring financial transactions for compliance with regulations, am able to provide easy to understand presentations, specialize in budget development and forecasting, and administering third party contracts involving financial transactions. Statement: Nadia Feeser is the Director of Administrative Services for the City of Pismo Beach and is responsible for Finance and Information Technology. Nadia was appointed to his current position in 2012. Prior to joining Pismo Beach, she served for 5 years in the City and County of San Francisco most recently as Finance Manager for the San Francisco Planning Department and as the Budget Manager in the San Francisco Controller's Office. Nadia earned her BS degrees in Business Administration with a concentration in Finance from the Birmingham Southern College and a Master of Public Administration degree from the Rockefeller College of Public Affairs & Policy at the University of Albany. Nadia is currently serving on the CMTA communications committee. Damien Charléty, CCMT, Investment Officer, East Bay MUD Qualifications: Investment Officer for the East Bay Municipal Utility District. Manages $700 million fixed income portfolio. CCMT (2018) Membership Committee Chair (2018‐2019) Statement: As a member of CMTA for the last 3 years and CCMT holder, I have seen first‐hand the benefits of a strong organization to advocate, enhance, and educate professionals responsible for the investment of public funds. Most members do not have investments as their primary function and it is essential for them to have the resources and strong network to ensure they can effectively fulfill their fiduciary duty. As North Director, I will continue to look for opportunities to enhance membership through increased local presence and leveraging organizational partnerships. Working with the Membership and Education Committees, I will use my experience as Membership Committee Chair for CMTA, local Chapter Chair for CSMFO, and member of IMPAC to find avenues to offer more meetings and training in the North area over the next year. Michael Solorza, Director of Administrative Services/City Treasurer, City of Pico Rivera Qualifications: I am the current Board Member for the South Division and have participated in planning the annual conference, take part in monthly board meetings, and perform other related Board Member duties. In addition, in conjunction with the Education and Certification Committee Chair (Hubie White), I am coordinating the first "Lunch and Learn" for CMTA members in the South Division. Statement: I have had the privilege of serving as the South Division Director for the past two years. In addition to assisting with conference planning and providing input on the recent update to CMTA's by‐laws and standing rules, I am working to establish regular "Lunch and Learn" sessions for members in the South Division. These network and learning events will be aimed at informing our members and helping to grow CMTA's membership. I look forward to continuing these efforts and helping CMTA be the best organization for treasury and finance professionals.

ATTACHMENT D Membership Report

Membership Committee Perennial Workplan

The Membership Committee works to both retain and expand the membership of CMTA. In order to achieve its goals,

the Membership Committee must conduct activities throughout the year. Below are the short and long term goals of the

Membership Committee, and corresponding workplan items.

Membership Retention:

The strength of CMTA is in its returning members. The Membership Committee’s efforts should primarily be driven by a

goal to provide as high a retention rate as possible.

Annual Retention Strategy

o Rate Target

90% as of the end of each calendar year

o Renewal Letters Schedule

1st reminder via print and email notice to be sent by May 31

2nd reminder via email to be sent by July 31

3rd reminder via print and email to be sent as ‘final notice’ and by September 30

o Non‐Renewal Follow‐up

Additional reminder via email to be sent as ‘join us again’ and by December 31

In‐ person outreach by members of the Membership Committee or the CMTA Board to the

remaining non‐renewed members by January 31

o Reporting

Renewal rate to be reported at the first meeting fowling each deadline above

Long‐Term Retention Strategy

o Recent Non‐Renews

Reach out to remaining non‐renewed members from the previous year within 4 weeks of the

conference with a reminder about the existing membership discount for conference registration

o Older Non‐Renews

Reach out to historic non‐renewed agencies to bring these members back to CMTA

Outreach in reverse order of years of lapsed membership (lower first)

Outreach via specific email with survey designed to find information about non‐renewal

Use bounceback information to contact agencies for renewed membership

Membership Expansion

The future of CMTA is also in its ability to recruit new members. The Membership Committee is actively pursuing ways

to expand the membership of CMTA. To that end, the following actions from the Membership Committee will provide

avenues for future membership growth.

Internal Opportunities

o When receiving a bounceback email or when notified of a member leaving an agency

Reach out to agency, company, or member for updated information

o Reach out to agencies who have never been members by a member of the CMTA Board

Cross‐Association Opportunities

o Develop and maintain a list of member agencies cross‐referenced with CACTAC and CMSFO membership

o Explore partnerships with CACTAC and CSMFO to provide joint or discount membership opportunities

o Explore collaborations CACTAC, CSMFO, and CDIAC to sponsor events

o Work with the Education & Certification Committee to promote membership at sponsored events

CMTA Membership Report

February 2019

Date Agencies Commercial Associates + Alumni +

Government Associates =

Grand Total

7/1/2013 328 114 8 657 779

6/30/2014 321 107 + 5 + 659 = 771

7/1/2014 321 107 + 5 + 659 = 771

6/30/2015 327 109 + 6 + 689 = 804

7/1/2015 327 109 + 6 + 689 = 804

6/30/2016 327 81 + 6 + 709 = 796

7/1/2016 327 81 + 6 + 709 = 796

6/30/2017 324 78 + 3 + 686 = 767

7/1/2017 322 78 + 3 + 686 = 767

6/30/2018 319 72 + 1 + 673 = 746

2018-2019 Membership Renewal Report

Agencies Commercial Associates + Alumni +

Government Associates =

Grand Total

Renewed 2018-2019 274 (83%) 30 (40%) + 0 + 584 (85%) =

614 (81%)

Did not renew 2018-2019 56 44 + 1 + 103 =

148 (19%)

Total 330 74 + 1 + 687 = 762

ATTACHMENT E 2019 Annual Conference Report

PRELIMINARY AGENDA WEDNESDAY, APRIL 17 8:00 am – 12:00 pm Pre‐Conference Sessions

Pre‐Conference Session 1: SPECIALIZED TRAINING CPE: 4 CMTA Specialized Training: 8* OPEN TO EVERYONE – REQUIRED FOR ANYONE SEEKING TO EARN EITHER THE CTC (CALIFORNIA TREASURY CERTIFICATE) OR THE CCMT (CERTIFIED CALIFORNIA MUNICIPAL TREASURER) – FOR ADDITIONAL INFORMATION VISIT: WWW.CMTA.ORG Speakers and session descriptions coming soon! *This session qualifies for 8 Hours of CMTA Specialized Training: 4 Hours are in‐person and additional 4 Hours will be provided by supplemental materials.

Pre‐Conference Session 2: INTRODUCTION TO INVESTING CPE: 4 CMTA Specialized Training: 1 FOR ANYONE NEW TO INVESTING, LAYING A FOUNDATION IS KEY. PRESENTERS FROM CHANDLER ASSET MANAGEMENT AND TIME VALUE INVESTMENTS WILL TEACH BOND FUNDAMENTALS AND THE BASICS OF CASH FLOW AND INVESTMENT POLICIES. Speaker and sessions coming soon! Chandler Asset Management & Time Value Investments

12:00 am – 1:30 pm Kick‐Off Lunch and Keynote (Details coming soon!) CMTA Board Introductions and Installation 1:30 pm – 2:00 pm Dessert Break in Exhibit Hall 2:00 pm – 2:50 pm General Session CPE: 1 The Fed and Interest Rates: Bringing Clarity to Curves, Cycles, and Conundrums The difference in yield between longer and shorter Treasuries has compressed dramatically in recent years. In this presentation, we will have a conversation about the role of the Fed, implications of flat yield curves, and

lessons learned from previous interest rate cycles. Craig Dismuke, Chief Economist, Vining Sparks Moderator: Bill Blackwill, Managing Director, Stifel Nicolaus & Co.

2:50 pm – 3:00 pm Break 3:00 pm – 3:50 pm General Session CPE: 1 CMTA Specialized Training: 1 Life After LIBOR Libor has been called "the world's most important number" for decades as the leading pricing benchmark for issuers and investors alike. With LIBOR's days numbered, it's critical that anyone involved in the fixed income markets understands how new benchmarks will impact the markets. In this session, we will hear from industry experts and Agency issuers to understand how the change will impact debt securities, especially floating rate notes and callable bonds.

Claude Seide, Executive Director ‐ Agency Trading, Incapital LLC Regina Gill, Senior Vice President ‐ Investor Relations, Federal Farm Credit Banks Funding Corporation Denise de Bombelles, Senior Vice President – Global Investor Relations, Federal Home Loan Banks Office of Finance 3:50 pm – 4:00 pm Break 4:00 pm – 5:15 pm General Session Telling Your Agency’s Story – How, Why and When? It's more important than ever to tell your local government story ‐ from your city's latest budget award, to an upcoming tax rate change ‐ keeping your community "in the know" is a critical part of local government transparency. This session will provide practical, real‐world ways you can use free communication tools to tell your city's story in ways that are engaging, meaningful, and authentic.

Kent Wyatt, Engaging Local Government Leaders (ELGL.org) Co‐Founder & City of Tigard, OR Communications Manager 5:15 pm – 7:00 pm Icebreaker Reception in Garden Terrace THURSDAY, APRIL 18 8:25 am – 9:15 am General Session Session Title TBD Carolyn Chu, Deputy Legislative Analyst, State and Local Finance 9:15 am – 10:15 am Breakout Sessions

Breakout Session 1 Investment Accounting and Reporting – Kickin’ it Up a Notch CPE: 1 CMTA Specialized Training: 1 California Government Code requires only minimal investment reporting to your entity's governing body. This session will discuss taking your investment reporting to the next level to assist the many stakeholders interested in the investment program. The presentation will show various ways to: account for and report investments; measure achievement of your primary objectives of safety, liquidity, and income; and checkup on how you are reporting the investment GASBs (31, 40, 72, 79).

Questions such as, "should cash in the bank be shown on an investment report" will be discussed. Also, with interest rates up and bond prices down, many entities are seeing unrealized losses on their portfolios. But what is really a "loss"? It sometimes depends on whether an entity includes amortization, accretion, and interest income. Come and join in for an interactive discussion to take your investment program to the graduate level!

Rick Phillips, President, FTN Main Street Advisors Clearwater Analytics (Speaker to be confirmed) Moderator: John Johnson, Jr., Assistant Auditor ‐ Controller/Treasurer/Tax Collector, San Bernardino County Breakout Session 2 Don’t Sink the Ship! Strategies to Stop Online Fraud, Mobile Banking Fraud, and Check Fraud Losses CPE: 1 CMTA Specialized Training: 1

Online financial fraud is exploding due to criminals' use of social engineering. Their schemes target businesses of all sizes and are often paired with wire fraud, payment diversion, and account takeovers. The attempts are often difficult to identify, resulting in thousands of victims and billions of dollars in losses. Knowing how to spot a scam is crucial in thwarting attempts.

Mobile Banking fraud through mobile Remote Deposit Capture (mRDC) has increased the complexity of check fraud. Few organizations know how to resolve the losses and Holder In Due Course claims caused by double‐presentments or other mRDC scams. Meanwhile, old‐school check fraud still produces more losses than any other form of payment fraud because businesses still issue checks. Check fraud is not going away.

Attendees will learn how to spot common internet scams, and how to implement proactive strategies and controls to protect their organizations from fraud losses. They will learn how Check 21 Warranties combine with Holder In Due Course to give recourse to banks and consumers seeking to recoup mRDC losses. The presenters will share real‐life fraud situations, including what went wrong and how the losses could have been prevented.

David Pollino, Chief Information Security Officer, Bank of the West Greg Litster, President, SAFEChecks

10:15 am – 10:45 am Specialty Coffee Break in Exhibit Hall 10:45 am – 11:45 am Breakout Sessions

Breakout Session 1 Corporate Credit – Assessing and Mitigating Risk while Identifying Value CPE: 1 Analyzing credit risk and identifying relative value requires experience and access to essential tools. If you are buying or considering adding credit to your portfolio, join leading public agency investors to learn what resources and tools are needed to effectively, and safely, manage all aspects of credit risk.

Parth Bhatt, County of San Bernardino Cameron Urquhart, County of San Diego

Breakout Session 2 Current Banking Environment and Impact on Local Governments CPE: 1 Banking services is an important cornerstone of cash management for local governments. In recent years, banks have heavily invested in technology to promote digital processes. This session will discuss the advantages and disadvantages of these new technologies and recent trends in the banking industry that have resulted in decision makers consider enhancements to their banking relationships.

David Calvert, Director, PFM Asset Management LLC 11:45 am – 1:30 pm Lunch and Keynote Conversation “Treasurers LIVE!” (Details coming soon!) CTC and CCMT Recipient Awards 1:30 pm – 2:00 pm Dessert Break in Exhibit Hall 2:00 pm – 3:00 pm General Session Economic Roundtable: What’s Next? CPE: 1 Given the uncertainty as we continue into the current economic expansion, what's on the horizon for monetary and fiscal policy and the implications for interest rates as we look into the future.

Ward McCarthy, Jefferies Lindsey Piegza Ph.D., Chief Economist, Managing Director, Stifel Moderator: Bill Blackwill, Managing Director, Stifel Nicolaus & Co. 3:00 pm – 3:10 pm Break 3:10 pm – 4:10 pm Breakout Sessions

Breakout Session 1 ABC’s of Collateralized Backed Bonds CPE: 1 California Code section 53601 allows for a variety of mortgage and asset backed securities. While this general asset class is not as widely held as agency and corporate debentures, recent updates to code have expanded allowable investments making it even more important to learn or refresh your knowledge of this asset class. In this foundational session, we will learn what resources are needed to evaluate value in this sector, in addition to recent code changes related to ABS.

Jeff Probst, CFA, VP, Portfolio Manager, Chandler Asset Management Breakout Session 2 (Non‐Investment Track: TBD) CPE: TBD

4:10 pm – 4:30 pm Break and Prize Drawing in Exhibit Hall

4:30 pm – 5:30 pm Breakout Sessions

Breakout Session 1 Apply Your Skills! Investment Game CPE: 1 Have some fun with your peers and engage in friendly competition with other groups in this interactive session! Each investment team will be allocated (a hypothetical) $20 million to invest, which can be allocated to investments with maturities ranging from overnight liquid investments to five‐year U.S. Treasuries. The Investment Game is designed to provide perspective on how changing interest rates (in six potential interest rate scenarios) coupled with portfolio maturity allocation can impact investment performance.

Izac Chyou, Relationship Manager, PFM Asset Management LLC Allison Kaune, Senior Managing Consultant, PFM Asset Management LLC Breakout Session 2 Setting the Standard: Why Adopting Best Practices in Transparency, Investor Relations, and Disclosures Matters CPE: 1 In today's complex and challenging municipal bond market, ratings alone are no longer enough to gain investors' commitment. With interest rate volatility, a crowded market with more than 200 sales each week, and regulators calling for better disclosure practices, issuers have to balance raising capital with minimizing borrowing costs. Greater investor outreach can help you to optimize your bond sale, and transparency and disclosure are at the center of a strong investor outreach program. This panel will bring together municipal bond issuers, major institutional investors and other market participants for a disclosure about best practices issuers can apply to their next bond sale.

Tom Paolicelli, Senior Manager, Business Development, BondLink.com Jamie Querubin, Public Finance Deputy, Office of Public Finance, City & County of San Francisco Moderator: Hubert R. White III, Investment Officer/Assistant Portfolio Manager, City and County of San Francisco

5:00 pm – 5:30 pm Commercial Associates Meeting in Exhibit Hall 6:30 pm – 8:00 pm Evening Event at Costerra FRIDAY, APRIL 19 9:15 am – 10:15 am General Session Pension Risks and What You Should Know CPE: 1 Investment earning have the greatest impact on plan funded status and required plan contributions. Whether your plan is well fund or not, you won’t want to miss this session. This session will explore the latest developments with CalPERS including latest thoughts regarding capital market assumptions, market risk volatility associated with plan asset allocation, risk mitigation efforts and what impact these assumptions may on future discount rate assumptions and required contributions. The session will further explore new tools that can be used to analyze your plan’s sensitivity to investment earnings, discretionary payments and other defensive strategies and tactics that may be deployed in managing the funded status of your plan.

Eric Baggesen, CFA, CAIA, Managing Director of Asset Allocation at CalPERS Kerry Worgan, MAAA, FSA, FCIA, Supervising Pension Actuary at CalPERS

Moderator – Ellen Clarke, Senior Managing Consultant and Multi‐Asset Class Specialist at PFM Co‐Moderator – Dan Matusiewicz, CCMT at City of Newport Beach 10:15 am – 10:30 am Break and Check‐Out 10:30 am – 12:00 pm General Session Business Continuity in the Midst of Disaster CPE: 1 Unfortunately, California has experienced more than our fair share of catastrophes. In the session, we will hear from industry experts and the front lines to learn how to become even more resilient communities in preparation for any disaster.

David Tiscia, Senior Treasury Management Officer, J.P. Morgan Speaker Panel – To be confirmed Moderator: Jaime Picunko, Senior Vice President, Vining Sparks 12:00 pm Conference Adjourns

ATTACHMENT F 2020 Annual Conference Report

2020 Annual Conference Report

Top 2 Choices are below.

Update: Teri is looking into which hotel can give us space for Tuesday (for pre‐conference). Marriott is offering whatever

space we want, Marriott is currently holding reception space for both Tuesday and Wednesday night.

Hotel Proposed Dates

Room Rate

F&B Minimum Concessions Space notes

Embassy Suites by Hilton San Francisco Airport Waterfront

21‐Apr‐2020 to 24‐Apr‐2020

$245 $39,000 Three upgrades to suites for President, President‐Elect, Past President and one VIP (for three or more nights), Eight or more additional upgrades for remaining board members and VIPs, 1 per 40 complimentary basis to the master account, VIP Amenities (10), Two complimentary rooms for Meeting & Assn. Management Services staff for five nights each, Reduced rate for hard wired and wireless internet connections in meeting space, No charge for wifi in the guest rooms, No charge for meeting space

Meeting space is good. Enough space for three breakouts all nice sizes. The exhibit space is a little cramped, but should be OK.

San Mateo Marriott San Francisco Airport

21‐Apr‐2020 to 24‐Apr‐2021

$239 $40,000 Three upgrades to suites for President, President‐Elect, Past President and one VIP (for three or more nights), Eight additional upgrades for remaining board members and VIPs, 1 per 40 complimentary basis to the master account, VIP Amenities (10), Reduced rate for hard wired and wireless internet connections in meeting space, No charge for wifi in the guest rooms, No charge for meeting space, Exhibitor tables/space at no charge.

Nicely renovated hotel. Breakouts are a bit small. We would have five ranging from 55 theatre up to 90 theatre. We might want to consider using the general session as a breakout or have more breakouts than we nornally would to accommodate all.

California Municipal Treasurers Association...Dan Matusiewicz reported he hasn’t heard back yet...

Documents

Transcript of California Municipal Treasurers Association...Dan Matusiewicz reported he hasn’t heard back yet...