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.
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.
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.
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.
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.
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.
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.