Hot Topics in Debt Management

Webinar

Thursday, April 2, 2015, 10:00 AM–11:00 AM

  • Members $ 55.00 Before Dec 31, 2015 Members $ 55.00
  • Government / Partner Colleagues $ 70.00 Before Dec 31, 2015 Government / Partner Colleagues $ 70.00
  • Non-members $ 100.00 Before Dec 31, 2015 Non-members $ 100.00

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Description

 Whether you are watching on your own or in a group setting, each individual must be registered - including those who may not intend to claim continuing professional education (CPE) credit.  Please allow 90 minutes for the presentation and question/answers.

IGFOA 2015 First Thursday Webinars: 

2/5/2015 Hot Topics in Cash Management - The Rapid Pace of Change in the Payments Landscape 
3/5/2015 Purchasing Legal Issues - Procurement Rules and Fraud Risk   
4/2/2015 Hot Topics in Debt Management  
5/7/2015 Hot Topics in Accounting and Financial Reporting - Implementing GASB Statement No. 68 
6/4/2015 Investment Management - Rising Rates & Regulatory Change and Allowable Investments 
8/6/2015 Budgeting in Times of Legislative Uncertainty   
9/3/2015 Computing Security 101  
10/1/2015 Accounting and Financial Reportin GASB Statement No. 72  
11/5/2015 Banking Services for the Next Decade  
12/3/2015 Hot Topics in Purchasing: Prevailing Wage Act - FAQs

Learn from your desktop - The program is delivered via a secure web site and audio conferencing service to your desktop. In order to participate you will need a computer with a Web browser to view the presentation.  You will receive instructions with a toll-free phone number and access code (different for each webinar). Discussion with participants is usually muted throughout the webinar and we rely on Q&A online to respond to questions.  Registrants will  receive e-mailed instructions with the secure password and conference call number, along with course materials for the upcoming session within one week of the program date.  To ensure that you will receive the instructions from IGFOA, list "IGFOA Professional Education Committee [meetings@meetings.readytalk.com]" as an approved or trusted sender in your email addresses and test the connection in advance of the  webinar.

Intended Audience: The webinars are geared to Finance Directors, Assistant Finance Directors, Managers, Supervisors, Accountants, and Support Staff.

Delivery method: Internet Based
Program Level: Overview
Prerequisites: No prerequisites required 
Advanced Preparation: 
No advanced preparation required
Field of Study: Accounting (Governmental), Business Management and Organization, Finance
Earn about 1 CPE credit - CPE credit will only be given to the individual that is registered for the webinar.  To receive CPE credit, individuals must attend each session in its entirety as tracked in the web participation report and complete at least 80% of the participation monitoring tools during the webinar.  Only pre-registered and paid participants meeting fulfilling these criteria will be issued Certificates of Attendance.  Participation monitoring tools may include, but are not limited to:

a. Response to audio role call 
b. Response to an on-line role call
c. Response to on-line poll (Example B) at designated points during the instruction
d. Answer to a specific chat question as verbally instructed at designated points during the instruction
e. Answer to a specific question via email at designated points during the instruction
f. Providing a passcode as instructed at designated points during the instruction

IGFOA reserves the right to modify the agendas and/or speakers, cancel the trainings due to low enrollment, or to close registration if full.  Please allow up to 90 minutes for the webinar presentations.


2015 IGFOA First Thursday Webinar Descriptions, Learning Objectives and Speakers 


Hot Topics in Purchasing: Prevailing Wage Act - FAQs
Date: December 3, 2015
Time: 10:00 - 11:30 AM
Please allow 90 minutes for the presentation and question/answers.

This session will discuss the challenges faced by local units of government when procuring services that require prevailing wage. It will review the requirements of the act, the responsibility of notifying bidders, and the post-contract monitoring of the certified payroll. It will also provide examples of different software solutions for managing compliance with the act.  

Speaker: RuthAnne K. Hall, CPPO Purchasing Manager Lake County, IL

Learning Objectives:

By the end of the session, attendees will be able to:

  1. Understand the requirement of the Prevailing Wage Act.
  2. Discuss the challenges of procuring services that require prevailing wage.
  3. Review the requirements of notifying bidders and post contract payroll monitoring.
  4. Explore software solutions to manage compliance with the Act.


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Prior Webinars

Hot Topics in Cash Management - The Rapid Pace of Change in the Payments Landscape

Date: February 5, 2015
Time: 10:00 - 11:00 AM

Description: To say the payments ecosystem is changing at a whirlwind pace is an understatement.  Our discussion will explore the changing dynamics in every aspect of payments – how obligations are met, impact of mobile technology – what does it mean and where is it going, how can these new technologies be incorporated into your existing infrastructure safely?  The pace of change is likely to get faster, not slower -- what does it mean for you, your constituents, your stakeholders.  The best way to prepare for all of the exciting (and potentially risky) activities exploding across the domestic payment landscape is education – hold on – it could be a wild ride.

Learning Objectives – participants completing this webinar should be able to 
• Explain how Encryption and Tokenization help in protecting information
• Understand  Near Field Communication and its applications
• Understand how Apple Pay works
• Become familiar with recent trends in the payment landscape

Speaker: Patricia O’Donnell, Managing Director, JPMorgan Chase – Client Solutions

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Purchasing Legal Issues - Procurement Rules and Fraud Risk

Date: March 5, 2015
Time: 10:00 - 11:00 AM

This session will cover the Public Policy as it pertains to purchases and contracts, the general concepts of Procurement rules and regulations, and the potential fraud risks and how to prevent them.

Agenda
Public Policy – Competition
General concepts of Procurement rules and regulations
   • Statutory bidding requirements
   •  Exceptions (non-biddable items)
   • Administrative procurement rules
Fraud Risks
   • Criminal conduct
   • M/WBE fraud
   • Vendor schemes
Fraud prevention and effective controls

Learning Objectives – participants completing this webinar should be able to
 

• Understand the Public Policy as it pertains to purchases and contracts
• Obtain an understanding of the general concepts of Procurement rules and regulations
• Learn the fraud risks and how to prevent

Speaker: Jim Sullivan, Sikich LLP

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Hot Topics in Debt Management
Date: April 2, 2015
Time: 10:00 - 11:00 AM

Learning Objectives – participants completing this webinar should be able to

• Provide an Update on Municipalities Continuing Disclosure Cooperation Initiative("MCDC")
• Provide an Update on Municipal Advisors Rule and Related Documentation 
• Discuss recent changes in the market that affect local governments.
• Identify recent SEC Enforcement Actions/Personal Liability for Officials
• Understand the Disclosure Policies and Procedures 

Speakers: 
Kent Floros, Chapman and Cutler LLP
Tom Gavin, Robert W. Baird & Co., Inc.
Todd Krzyskowski, Mesirow Financial
Raphaliata McKenzie, Speer Financial, Inc. 
Stephan Roberts, Robert W. Baird & Co., Inc.
Lynda Given, Chapman and Cutler LLP

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Implementing GASB Statement No. 68 - Hot Topics in Accounting and Financial Reporting

Date: May 7, 2015
Time: 10:00 - 11:00 AM

Walk through some of the more important steps in order to prepare for the implementation of GASB S-68 taking into account actuarial considerations, timing, single and multiple-employer agent plans and audit issues.    

Learning Objectives – participants completing this webinar should be able to
• Obtain an understanding of GASB 68 accounting and reporting requirements for Police and Firefighters’ Pension Funds and the Illinois Municipal Retirement Fund
• Learn the steps to implement GASB S-68 for their entity

Speakers: 
Bill Hannah, Village of North Aurora
Jim Savio, Sikich LLP


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Investment Management - Rising Rates & Regulatory Change and Allowable Investments
Date: June 4, 2015
Time: 10:00 - 11:00 AM

Rising Rates and Regulatory Change:  What to expect as rates rise and the banking industry adjusts to the profound impacts of Basel III regulations.  The Federal Reserve has positioned for a potential rate increase in 2015 but countervailing global forces continue to impact the markets expectation of the first rate hike.  This session will address the impact of rising rates on bank deposits and money market funds in a new regulatory environment with specific focus on collateralized public sector deposits. 

Outline:
1) Interest Rate Overview
a) Market Rate History
b) Drivers of U.S. Interest Rate policy
c) Interest Rate Outlook

2) Banking Regulatory Changes
a) Basel III Overview
b) Key ratios impacting bank deposits
c) Basics of bank funding

3) Potential impacts of regulatory changes in a rising rate environment
a) Due to outflow assumptions, some deposits are worth more (operating) and some are worth less (non-operating/collateralized).
b) Yields likely to be impacted
c) Holistic banking relationships are key

4) Strategies for managing public sector liquidity
a) Consider alternatives to traditional collateral such as FHLB L/C’s
b) Focus on forecasting and segmenting liquidity to optimize return on operating vs. strategic cash
c) Utilize Money Market Mutual Funds or direct purchase of securities for undesirable bank deposits

Learning Objectives – participants completing this webinar should be able to 
1.) Provide an overview of Interest Rates 
2.) Become familiar with the Banking Regulatory Changes
3.) Obtain an understanding of the potential impacts of regulatory changes in a rising rate environment
4.) Utilize strategies for managing public sector liquidity

Speakers:
Cory Richmond, Liquidity Solutions Specialist, JPMorgan Chase
Daniele Driscoll, Vice President, JPMorgan Chase

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Budgeting in Times of Legislative Uncertainty
Date: August 6, 2015
Time: 10:00 - 11:30 AM

Intended Audience:  Finance Directors, Budget Officers, and others responsible for preparing the annual municipal budget

 AGENDA

  • Legislative update
         Recently passed legislation (Spring 2015 session), impacts to municipal budgets/services
         Pending legislation, potential impacts to municipal budgets/services
  • Budgeting response to significant revenue loss – LGDF reductions (speculative)
  • Budgeting response to revenue loss due to other legislative action (speculative)
  • Budgeting response to stagnant or declining revenues (individually or in total)
  • Managing capital budgets during periods of flat or declining revenues
  • Other budgeting considerations (i.e. managing CBU contracts, pension contributions, any other unique circumstance, etc.)
  • Legislative wrap-up
         Staying current with pending legislation
         Influencing legislative efforts

Learning Objectives– participants completing this webinar should be able to:

  • Become current on legislation impacting municipal operations
  • Gather methods used by peers for developing annual budgets in response to loss of revenue
  • Develop long-term strategies to budgeting

Speakers:
William McCarty II, Director - Office of Budget and Management, City of Springfield
Larry Bury, Deputy Director, Northwest Municipal Conference
David Erb, Finance Director, Village of Mount Prospect 
 
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Computing Security 101
Date: September 3, 2015
Time: 10:00 - 11:30 AM
Please allow 90 minutes for the presentation and question/answers.

Intended Audience:  Finance Professionals and others responsible for computer security/performance

Description:  Many information security experts believe it is not a matter of if your network will be attacked, but when. Information technology cyber security exists to help organizations handle the "when" situations. Computing security sounds like a complicated topic, and in some ways it can be. However, understanding the basic principles of secure computing can help organizations better protect their data and privacy. Some basic security ideas, passwords, and new advances in security will be discussed. In these topics, some lessons learned from recent headline-making incidents also will be discussed.

Learning Objectives– participants completing this webinar should be able to:
• Obtain an understanding of secure computing basics, strategy and governance
• Learn password fundamentals and there importance  in your computer security
• Explain two-factor authentication, UTM, and PCI

Session Outline

  1. Introduction
  2. Secure Computing Basics
  3. Security Strategy and Governance
  4. Purpose of Computer Security
  5. Elements of Secure Computing
  6. The Weakest Links
  7. Password Security
  8. Password Role in Computer Security
  9. Password Fundamentals
  10. Future of Passwords
  11. Multi-Factor Authentication
  12. MFA and Secure Computing
  13. Components of MFA
  14. MFA Solutions
  15. Unified Threat Management
  16. Defining UTM
  17. UTM Solutions
  18. UTM Concerns
  19. PCI DSS
  20. Introduction to PCI
  21. PCI DSS Management
  22. Conclusion
  23. Review
  24. Important Questions

    Speakers:
    Brian Johanpeter, Information Technology Director, City of Mattoon, IL
    Marc Thorson, Assistant Director of Information Technology, Village of Schaumburg, IL

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Accounting and Financial Reporting -  GASB Statement No. 72, Fair Value Measurement and Application
Date: October 1, 2015
Time: 10:00 - 11:30 AM
Please allow 90 minutes for the presentation and question/answers.

This session will provide an overview of GASB Statement No. 72 - Fair Value Measurement and Application to help participants prepare for its implementation.

Learning Objectives:  participants completing this webinar should be able to:

  • Obtain an understanding of the scope and requirements of GASB 72
  • Learn the fair value hierarchy that is established with the new standard
  • Get introduced to the disclosure requirements of this Statement

Session Outline of key points:

  • Scope of new standard and common investments measured at fair value
  • Define fair value and discuss related key terms
  • Describe hierarchy of inputs used to measure fair value
  • Discuss required disclosures under Statement 72
  • Effective date for implementation

Speakers:
Scott Termine, Partner - BKD LLP
John Cutrera, Senior Manager - BKD LLP

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Banking Services for the Next Decade
Date: November 5, 2015
Time: 10:00 - 11:30 AM
Please allow 90 minutes for the presentation and question/answers.

The banking world is changing at breakneck speed.  What will banking look like in 2025? Dial in and learn about some of the exciting new products and enhancements to existing products that might be in store for you.  Also get a better understanding around why certain changes have been made to your current banking services.

Speaker: Dan Nemec, JPMorgan 

Learning Objectives– participants completing this webinar should be able to:

• Explain what banking looked like in the 70’s, 80’s and 90’s - Evolution
• Obtain an understanding of the Financial Crisis of 2008 and its impact on Banking
• Learn about Fraud – Card, Check, Identity theft, phishing, Cyber Security, Emerging non-bank & shadow banking entities
• Get introduced to what your branch might look like in 2020 or 2025?

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For more information

IGFOA
info@igfoa.org
630-942-6587

Registration and cancellation policy

IGFOA Members are those public sector and associate individuals specifically listed in the IGFOA Membership Application or Renewal.  IGFOA Government non-member rate applies to staff, appointed officials, and elected officials of a government with a current IGFOA membership.  

Registrations are accepted on a first-in, first registered basis. Payment should be received in advance. Whether you are watching on your own or in a group setting, each individual must be registered - including those who may not intend to claim continuing professional education (CPE) credit.  IGFOA reserves the right to apply non-member fee to any individual or government that has not paid dues for the current year. If you are unable to attend, please contact IGFOA at 630-942-6587 or info@igfoa.org as soon as possible. A $20 cancellation fee will be charged for cancellations up to 15 days before each selected webinars. Cancellations within 15 days of a webinar and no-shows are responsible for the applicable tuition.  IGFOA reserves the right to modify the agenda and/or speakers, cancel the training due to low enrollment, or to close registration if full.  Should IGFOA cancel an event, cancellation notice will be sent to the email address provided by each registrant and prominently posted at the IGFOA website page announcing the event.  If you have any questions regarding this seminar, cancellations, complaints, or refunds, please contact the IGFOA at 630-942-6587 or info@igfoa.org

Approved by the National Registry of CPE Sponsors

CPE RegistryIllinois Government Finance Officers Association 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 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.

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