2021 Virtual Public Funds Investment Act Training

We are excited to be hosting a virtual Texas CLASS Public Funds Investment Act Training on April 27 & 29, 2021. Join us for two informative days of learning; this is a great opportunity to enhance your knowledge of managing public funds. The webinar is free of charge, so save your spot today. Below please find the required prerequisites and advanced preparation necessary for each of the applicable sessions. Texas CLASS is a registered CPE sponsor through the Texas State Board of Public Accountancy and a Certified TASBO Educator; attendees can earn up to 8 hours of certified CPE or PFIA credits.

To register for the entire seminar, click the button below and select all sessions.

If you’d like to attend an individual session, click the button directly below the course description.

Register for Entire Seminar

Agenda


Day One – April 27

Whether you are new to investing or have been investing for years, there are many terms and concepts that are thrown around in conversation that you may not fully understand. This course will be a review for some and for others, it will provide a greater understanding of the economy, the Fed, the investment world, and the public fund space.

At the end of this session, attendees will have a greater understanding of the Fed, the terms used in the investment space, and economic indicators as well as their impacts on the markets. Attendees will leave this session more familiar with the terms frequently used in finance publications and bond investing as well as the risks associated with investing.

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This session will describe the process and logistics of closing a bank and what the various bank customers/clients (depositors, safe box holders, term loan borrowers, line of credit borrowers, wealth management clients, and loan applicants) will likely incur after a bank is closed.

At the end of this session, attendees should have a greater understanding of the logistics of a bank closing and the various structures successor entities assume after a bank closing. Attendees will hear first-hand experiences of some of the unexpected events that have occurred in bank closings. 


In today’s world, there is one thing that stays the same… constant change.  GASB is no different, constantly issuing new pronouncements. This session will provide an overview of current GASB pronouncements and implementation items, current GASB projects, and upcoming GASB agenda items.

At the end of this session, attendees will have received an overview of the current and upcoming accounting guidance that applies to local and state governments. 

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This course will provide a summary of important principles set forth in the Treasury’s arbitrage and private business use regulations as they relate to tax-exempt bond issuance as well as the important principles outlined in the SEC’s continuing municipal disclosure requirements.

At the end of this session, attendees should be familiar with the key concepts that can be used to check compliance and initiate a deeper investigation into their own compliance program’s efficacy as necessary.

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Day Two – April 29

This session will discuss the current state of the U.S. and Texas economies as well as GDP, unemployment, inflation, interest rates, and other economic indicators. The economic impact of the Federal Reserve’s actions and the recently passed $1.9 trillion American Rescue Plan Act will also be discussed.

At the end of this session, attendees should have a better understanding of the relationship between GDP growth and unemployment as well as between interest rates and recessions. Attendees will also be able to make an informed judgment about the future direction of the U.S. and Texas economies.

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This presentation will provide a high-level overview of key investment decisions that are made when investing public funds. Attendees will take a deep dive into investment policy, cash flow, market conditions, economic data, and fiduciary duty.

At the end of this session, attendees should have a high-level understanding of best practices when investing public funds.

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Payment fraud is an expanding global threat, especially during the pandemic and its aftermath. Fraud may shift between payment methods, but it is not going away in our lifetime. Recent integrations of social engineering and technology with both old and new school payment systems have emerged, with fraudsters becoming more sophisticated and subversive. This session will include numerous real-life fraud situations including how the fraud attempts and losses occurred as well as specific strategies on how losses can be prevented and/or reduced.

At the end of this session, attendees will be able to identify various methods of payment fraud including both new technologies and old school systems; establish proven strategies for preventing and protecting against various types of fraud including mobile banking, eChecks, wire, and ACH fraud; and understand legal liabilities for fraud losses and viable alternatives for shifting those liabilities. 

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To register for the entire seminar, click the button below and select all sessions. If you’d like to attend an individual session, click the button directly below the course description.

Register for Entire Seminar

You will receive your CPE credits directly following the training but if you don’t receive them within a week, please let us know. Presentations will be available for download and distributed via email.
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.

Laura is a Director of Investment Advisory Services for Public Trust based in Atlanta, Georgia, where she is responsible for providing individually tailored and customized investment management, administrative, and advisory solutions to public sector entities across the U.S. Prior to joining Public Trust, Laura most recently served as a Portfolio Manager for the State of Georgia where she was responsible for the management of the State’s commingled LGIP, served on the Office of State Treasurer Investment Committee, and was the point person for fund distribution for hundreds of state and local government clients. Laura received a Bachelor of Science in Accounting from Auburn University and is a CFA charterholder. She is an active member and former president of the Government Investment Officers Association (GIOA) and a frequent expert panelist on LGIPs at the National Association of State Treasurers (NAST) and GIOA Conferences. Laura led the states response to the Governmental Accounting Standards Board (GASB) exposure draft on GASB Statement 79 regarding external investment pools and pool participants.

Robert is a Senior Examiner of Large Institutions for the Federal Deposit Insurance Corporation (FDIC). His 17-year FDIC career spans two notable segments; a particularly turbulent time for banks from 1985 to 1990 and 2009 to present. Robert serves on two dedicated examination teams, one at First Republic Bank with $143 billion total assets in San Francisco and one at First Hawaiian Bank with $22 billion total assets in Honolulu. He previously served as a Capital Markets Policy Analyst for the FDIC where he worked on the Volcker Rule, the Margin Rule, and the Risk Retention Rule. He has also previously served as a Capital Markets Specialist, Technical Writer and Editor, and Examiner-in-Charge throughout his career with the FDIC. Robert’s experience outside of the FDIC includes mortgage lending, construction lending, owning and managing a mortgage company, wealth management at Merrill Lynch, partner in commercial real estate developments (residential lots and self-storage), and outside director of a non-profit theatre board during a $2 million acquisition and remodel of a historic theatre in Bozeman, Montana.

A.J. is a Partner at Carr, Riggs, & Ingram, LLC where he has provided audit services to numerous government entities during his twelve years of experience. He now oversees all services provided to government-industry clients. A.J. is a regular presenter on a variety of industry topics including OMB Uniform Guidance, updates to GASB Standards, and government accounting best practices for entities such as NM ASBO, regional AGA Chapters, and clients and non-clients in state and local government. A.J. is a Certified Information Technology Professional, a CPA, and a member of the GFOA Special Revenue Committee.

Erik is a Managing Director and head of BLX’s Tampa office. He is responsible for overseeing Tampa’s operations, reviewing and optimizing analyses, managing client relationships, and leading BLX’s business development efforts throughout the southeastern United States. He is responsible for some of the firm’s largest and most complex engagements. Through his deep knowledge of the governing treasury regulations, Erik has executed strategies for his clients that have significantly improved the economics of their transactions. Such improvements have resulted in reduced or eliminated arbitrage liabilities and the refund of arbitrage over-payment. Having worked on a number of large engagements with tight time frames, extensive data sets, interrelated issues, and complicated structures, Erik has used his coding skills, has acquired database knowledge, and has identified software solutions to simplify complicated analyses and produce accurate and repeatable results. He is an active speaker and member of the Florida Government Finance Officers Association and the Florida School of Finance Officers Association.

Jeff serves as Managing Director in the Los Angeles office of BLX. His expertise in financial products and Federal tax law, strong analytical skills, and broad finance background has been focused on BLX’s largest and most sophisticated issuers with particular emphasis on the development of BLX’s Financial Advisory and Secondary Market Disclosure practices. Jeff began his career with BLX’s in 1993, and he works with some of the nation’s largest and most sophisticated issuers. He also developed product and procedural specifications for BLX’s Municipal Continuing Disclosure Practice and currently heads this practice area.  Jeff’s efforts have been primarily focused on the marketing and execution of numerous pre- and post-issuance advisory services including financial advisory, municipal continuing disclosure, investment advisory, verification agent services, structured product and escrow bidding agent services, arbitrage rebate, and much more.

Dr. Chittenden is the Associate Dean for Graduate Programs in the McCoy College of Business Administration and the 2020-2021 Presidential Fellow at Texas State University. Dr. Chittenden is also on the faculty of the Southwestern Graduate School of Banking at Southern Methodist University. He has been quoted in USA Today and the Austin American-Statesman and has given radio interviews in the U.S. and Canada. His two recent articles for TheConversataion.com have been read nearly 50k times. Previously, Dr. Chittenden has served as a Consultant to the Bank of Montreal/Harris, ABN/AMRO, Household International, Fitzsimons Federal Credit Union, TAP Pharmaceuticals, Ozona Bank, and other regional, national, and international firms. He regularly speaks to professional organizations across the United States and Canada on a variety of financial and economic topics. Dr. Chittenden earned both a Bachelor of Business Administration in Finance and a Master of Science in Economics from the University of Texas at El Paso and a Ph.D. in Finance from Texas Tech University.

Heather is the Director of Finance and Business Analysis at the City of Corpus Christi. Prior to this, she began her career with the City of San Marcos in 2009 as the Assistant Director of Finance and was promoted to Director of Finance in 2013. She was responsible for coordinating, preparing, and producing the annual operating and capital budget as well as a multi-year financial plan. Heather holds a Bachelor of Business Administration in Accounting from the University of Texas San Antonio. She serves on the Government Treasurers’ Organization of Texas Board of Directors and holds the designation of Certified Government Finance Officer.

Greg is the President and CEO of SAFEChecks, a check fraud prevention business that offers high-security checks, fraud-prevention software, educational seminars, expert witnesses, and consulting services. Since its founding in 1996, SAFEChecks has never had a check replicated or used in a scam. He also works for Frank H. Abagnale and Associates as the Co-Editor of their Fraud Bulletin that covers check fraud, cybercrime, wire fraud, ACH fraud, mobile banking fraud, Check 21, embezzlement, and more. He previously worked for Imperial Bank as a Senior Vice President and Manager and for Union Bank as an Assistant Vice President. His writing has been featured in many publications and he has served as an expert witness on more than ten cases. Greg received both a Bachelor of Science in Economics and a Master of Business Administration from Brigham Young University.