California Municipal Treasurers Association...Don’s recommendation, with all things considered, is Marriott. Donald Patterson moved to approve the Marriott San Mateo as the 2020

California Municipal Treasurers Association Board of Directors Meeting

Date: Wednesday, April 10, 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

Ad Hoc Legislative Committee Chair Thomas Metz, J.D.

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 FEBRUARY 20, 2019 AND MARCH 20, 2019, BOARD OF DIRECTORS MEETING

Recommended Action: Approve and file.

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

CMTA Board of Directors Agenda Wednesday, April 10 2019

Page 2

Approve and file.

C. APT PRESIDENT ANNOUNCEMENT Kenneth Robinson, APT President will discuss the letter.

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 H. AD HOC LEGISLATIVE COMMITTEE THOMAS METZ

VIII. NON AGENDA BOARD MEMBER COMMENTS

A. ROUND TABLE BOARD MEMBER ANNOUNCEMENTS, COMMENTS & QUESTIONS

IX. ITEMS FOR FUTURE CONSIDERATION

X. NEXT BOARD MEETINGS

MAY 15, 2019 JUNE 19, 2019 JULY 17, 2019

XI. ADJOURN

ATTACHMENT A February and March Board of Directors Meeting Minutes

CALIFORNIA MUNICIPAL TREASURERS ASSOCIATION ServingCaliforniaSince1959

Board of Directors Meeting Wednesday, February 27, 2019

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 Treasurer (Interim) Rudy Livingston, CPA, CCMT

X Past President Rudy Livingston, CPA, CCMT


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


X Investment Policy Certification Subcommittee Chair

Shaun Farrell, CCMT

X Certification CCMT and CTC Subcommittee Chair



Membership Damien Charléty, CCMT

X Communications Margaret Moggia, CPA, CTC

X Commercial Associate Liaison Kyle Tanaka



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 the December 19, 2018 & January 16, 2019 Board of Directors Meetings. Donald Patterson moved to approve the December 19, 2018 & January 16, 2019 minutes. Michael Solorza seconded the motion. The December 19, 2018 & the January 16, 2019 minutes were approved. Financial Report as of December 31, 2018 and January 31, 2019 The board reviewed the financial position and YTD Financial Activity. Rudy Livingston reported that conference income is now coming in, and although it is a concern that funds are going down, it appears to be getting back on on track.

Donald Patterson moved to approve the December 2018 and January 2019 financials. Rudy Livingston seconded the motion. December 2018 and January 2019 financials were approved. 2019 Board Elections The board reviewed and discussed the list of current board vacancies and positions up for election. The only Position that currently has no candidates is Secretary. Margaret Moggia reported that there may be someone in her office that is interested. Yelena Martynovskaya read the following from the Standing Rules: The nominating committee shall determine a slate by February 28 and election will be held by electronic means no later than March 10, and will conclude at 11:50 p.m. on March 31. Committee Reports Education and Certification No report. Investment Policy Certification Subcommittee Shaun Farrell reported that five investment policies have been received and the committee is currently evaluating. Shaun added that if a policy does not pass on the first go, he or someone from the committee gives the agency contact a personal phone call and walks them through the policy, as well as providing them with an example of a passing policy. Dan Matusiewicz let the board know that he took the investment policy pamphlets to the January training in Riverside to hand out. Dan suggested that a shorter version or a postcard may be better to hand out. Dan also shared that Susan Munson will be offering a course based on investment policies, and would like to take the pamphlet to her course. SMA will work with Shaun to create a shorter version of the pamphlet. The board discussed promoting CMTA on social media, and how important it is to post about the organization and any events or workshops being offered. Yelena reported that Smith Moore is currently working on improving CMTA’s Linkedin profile. Certification CCMT and CTC Subcommittee Ernestine Jones reported that we are currently updating the postcards used for marketing the education program. The CFA institute Investment Foundations program has transitioned to a free program so the marketing materials would need to be updated.

Education Subcommittee No report.

Membership Committee Damien Charléty added to his submitted report that he has been working with Yelena to establish a rule book for membership. The committee has looked at past data to help with creating the document. Dan reported that it is the document. Damien talked about processes, how to work on retention how to connect with lapsed dues, questionnaires for expired members that did not renew, etc. Damien stated that as an association, we want to build bridges to other organizations and do a better job at retaining information. If there are emails that bounce back, there need to be practices in place to proactively track this and do follow ups. Damien told the board that he welcomes any suggestions the board may have. Communications Committee Margaret Moggia reported that the committee is focusing on social media and how to make it more acceptable. The committee has also been focusing on how to better market CMTA programs like the investment policy, education and membership. Commercial Associate Liaison Kyle Tanaka updated the board on the number of commercial sponsors and exhibitors that have currently signed up for the 2019 Annual Conference. Kyle thanked Yelena for providing data on commercial associate memberships from the last few years. Kyle further reported that currently there are fifteen Commercial

Associates that have not renewed. Kyle will be reaching out to these past members to see why they have not renewed. Kyle will provide this list to the entire board. Governance and Finance Committee No report. Revenue and Taxation Policy Committee No report. 2018-19 Conference Committee Dan Matusiewicz reported that the conference program is almost complete except for a few speaker slots. Weekly marketing emails are being sent out. There are also some additional costs associated with reimbursing. It is important to authorize these requests in order to bring them in especially if CMTA is trying to build relationships with them. 2019-20 Conference Committee Don Patterson reported that the committee has narrowed the hotels to the Marriott San Mateo and Embassy Suites Burlingame. Don reported that there are pros and cons on both sides, but he personally is leaning towards the Marriott. The Marriott’s space is larger and the meeting space is closer together, while the Embassy Suites’ meeting space is spread out. Kyle Tanaka added that from Commercial Associates’ perspective, it is much better to have the exhibit space closer to the break-out rooms. Don’s recommendation, with all things considered, is Marriott. Donald Patterson moved to approve the Marriott San Mateo as the 2020 Annual Conference venue. Dan Matusiewicz seconded the motion. Motion approved. Meeting adjourned at 2:09 p.m. Respectfully submitted, Kristy Schrimsher Meeting & Membership Coordinator

CALIFORNIA MUNICIPAL TREASURERS ASSOCIATION ServingCaliforniaSince1959

Board of Directors Meeting Wednesday, March 20, 2019

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

Treasurer (Interim) Rudy Livingston, CPA, CCMT

Past President Rudy Livingston, CPA, CCMT


Division 2 – South Michael Solorza

Committee Chairs, Staff and Guests:


Investment Policy Certification Subcommittee Chair

Shaun Farrell, CCMT

X Certification CCMT and CTC Subcommittee Chair



X Membership Damien Charléty, CCMT

X Communications Margaret Moggia, CPA, CTC

Commercial Associate Liaison Kyle Tanaka



Revenue and Taxation Policy Committee Representative Vacant

X Ad Hoc Legislative Committee Chair (Proposed) Thomas Metz, J.D.

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 did not have a quorum. The approval of the February 20, 2019 Board of Directors Meeting minutes will be voted on at the next scheduled board meeting. Financial Report as of February 28, 2019 The board did not have a quorum. The approval of the Financial Report will be reviewed at the next scheduled board of directors meeting.

2019 Board Elections Yelena Martynovskaya reported that we currently have 14 responses to the board election email. Staff will be sending a few more mails to the government associate membership before the deadline. Committee Reports Education and Certification No report. Investment Policy Certification Subcommittee In Shaun Farrell’s absence, the board discussed the two page flyer that was created to advertise the investment policy. The board agreed that the flyer is great because it’s a lot shorter and brie it can be easily handed out at event. Margaret Moggia suggested that we post this flyer on our LinkedIn and maybe even post it on our website. Certification CCMT and CTC Subcommittee Ernestine Jones reported that there was recently a committee meeting, but several people could not attend, but those that did attend are on board with restructuring the certification program. The committee is also working on updating certification program flyer and postcard. Dan Matusiewicz added that he would like to see training for bond issuance added to the program. The board further discussed the possibility of a bond issuance course and whether it falls within the niche that CMTA reserves.

Education Subcommittee No report.

Membership Committee No report. Communications Committee Margaret Moggia briefly reported that the committee is focusing on social media and working with Smith Moore to keep our website current. The committee is also working on creating a newsletter where we can highlight upcoming events. Commercial Associate Liaison No report. Governance and Finance Committee No report. Revenue and Taxation Policy Committee No report. 2018‐19 Conference Committee Yelena Martynovskaya reported that there are currently 190 attendees registered for the Annual Conference. We have also met and surpassed our $75,000 goal, we are currently at a total of $77,000. We do need to increase our attendees so we can come out on top. Damien Charléty suggested to the board that we add a CMTA table to the exhibit hall or put it next to registration. At this table we can set out CMTA documents, engage with the attendees and try and get feedback from our members about membership and anything else that we would like to discuss. The board agreed that this a great idea.

2019‐20 Conference Committee Don Patterson reported that the committee is working on the timeline and the theme of the conference. Don added that he wanted something to pass out something at this year’s conference to help promote next year’s conference. Don will work with Smith Moore to help create a flyer. Set up Ad Hoc Legislative Committee The board discussed adding an Ad Hoc Legislative Committee. Thomas Metz was appointed committee char.

Items for Future Consideration Dan Matusiewicz asked if an alternate date for the April 17 board meeting has been set. Yelena Martynovskaya confirmed that the next board of directors meeting is on April 10.

Meeting adjourned at 2:01 p.m. Respectfully submitted, Kristy Schrimsher Meeting & Membership Coordinator

ATTACHMENT B March 31, 2019 Financials

12:29 PM 04/02/19 Accrual Basis

CMTA Balance Sheet As of March 31, 2019

Page 1 of 10

Mar 31, 19 Mar 31, 18 $ Change

ASSETS

Current Assets

Checking/Savings

1010000 · Cash and cash equivalents

1010400 · General - Chase-8076 119,748.62 135,027.92 -15,279.30

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

Total 1010000 · Cash and cash equivalents 127,282.74 142,562.04 -15,279.30

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 175,511.84 189,841.30 -14,329.46

Accounts Receivable1040000 · Quick Books Accounts receivable 595.00 -6,274.00 6,869.00

Total Accounts Receivable 595.00 -6,274.00 6,869.00

Other Current Assets

1040100 · YourMembership AR 22,605.00 21,846.00 759.00

1049000 · Undeposited funds 3,000.00 2,500.00 500.00

1070000 · Prepaid expenses 4,126.11 250.02 3,876.09

Total Other Current Assets 29,731.11 24,596.02 5,135.09

Total Current Assets 205,837.95 208,163.32 -2,325.37

TOTAL ASSETS 205,837.95 208,163.32 -2,325.37

LIABILITIES & EQUITYLiabilities

Current Liabilities

Accounts Payable2010000 · Accounts payable 0.00 1,507.74 -1,507.74

Total Accounts Payable 0.00 1,507.74 -1,507.74

Other Current Liabilities

2030000 · Other liabilitiesSales tax payable 0.00 -5.38 5.38

Total 2030000 · Other liabilities 0.00 -5.38 5.38

Total Other Current Liabilities 0.00 -5.38 5.38

Total Current Liabilities 0.00 1,502.36 -1,502.36

Total Liabilities 0.00 1,502.36 -1,502.36

Equity

3700000 · Retained Earnings 1,609.17 0.00 1,609.17

3740000 · General fund 59,983.95 71,051.66 -11,067.71

3750000 · M Woodward Memorial Education 18,910.00 18,910.00 0.00Net Income 125,334.83 116,699.30 8,635.53

Total Equity 205,837.95 206,660.96 -823.01

TOTAL LIABILITIES & EQUITY 205,837.95 208,163.32 -2,325.37


CMTA Profit & Loss

July 2018 through March 2019

Page 2 of 10

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

Income

4010000 · Membership dues 51,964.55 59,140.00 -7,175.45

4500000 · Program services 175,595.00 136,377.50 39,217.50

4980000 · Interest 773.93 378.34 395.59

4999999 · Other 0.00 0.00 0.00

Total Income 228,333.48 195,895.84 32,437.64

Gross Profit 228,333.48 195,895.84 32,437.64

Expense

5010000 · Management and general 75,035.04 66,050.96 8,984.08

5050000 · Program services expenses 27,326.63 13,145.58 14,181.05

5060000 · Prior Year Expenses 636.98 0.00 636.98

Total Expense 102,998.65 79,196.54 23,802.11

Net Income 125,334.83 116,699.30 8,635.53


CMTA Profit & Loss Prev Year Comparison


Page 3 of 10

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

Income

4010000 · Membership dues

4010100 · Dues (Public) 46,984.55 51,085.00 -4,100.45 -8.03%

4010200 · Dues (commercial) 4,920.00 7,995.00 -3,075.00 -38.46%

4010400 · Dues (Alumni) 60.00 60.00 0.00 0.0%

Total 4010000 · Membership dues 51,964.55 59,140.00 -7,175.45 -12.13%

4500000 · Program services

4510000 · Certification

4510100 · Investment Policy Application 2,625.00 2,470.00 155.00 6.28%

4510400 · Certification program app. fee 400.00 230.00 170.00 73.91%

4510000 · Certification - Other 0.00 0.00 0.00 0.0%

Total 4510000 · Certification 3,025.00 2,700.00 325.00 12.04%

4520000 · Education

4520300 · Essentials Workshop 20,150.00 0.00 20,150.00 100.0%

4520400 · Advanced Workshop 0.00 13,000.00 -13,000.00 -100.0%

Total 4520000 · Education 20,150.00 13,000.00 7,150.00 55.0%

4530000 · Publications

4530100 · Handbook 0.00 54.00 -54.00 -100.0%

4530300 · Job Ads 1,350.00 1,200.00 150.00 12.5%

Total 4530000 · Publications 1,350.00 1,254.00 96.00 7.66%

4560000 · Annual Conference4560100 · Registrations

4560110 · Active Members 48,820.00 36,171.00 12,649.00 34.97%

4560120 · Commercial Associates 36,800.00 8,352.50 28,447.50 340.59%

4560300 · Pre-Conference Seminar 200.00 0.00 200.00 100.0%

Total 4560100 · Registrations 85,820.00 44,523.50 41,296.50 92.75%4560200 · Sponsors/ Exhibtors 65,250.00 74,900.00 -9,650.00 -12.88%

Total 4560000 · Annual Conference 151,070.00 119,423.50 31,646.50 26.5%

Total 4500000 · Program services 175,595.00 136,377.50 39,217.50 28.76%

4980000 · Interest 773.93 378.34 395.59 104.56%

Total Income 228,333.48 195,895.84 32,437.64 16.56%

Gross Profit 228,333.48 195,895.84 32,437.64 16.56%

Expense

5010000 · Management and general

5010100 · Audit 4,680.00 490.00 4,190.00 855.1%

5010300 · In House Printing 25.88 60.98 -35.10 -57.56%

5010310 · Storage 169.19 184.70 -15.51 -8.4%

5010400 · Contract Services

5010420 · Website update and maintenance 5,501.48 4,125.36 1,376.12 33.36%

5010430 · SMA - AMC 56,250.00 55,692.18 557.82 1.0%

Total 5010400 · Contract Services 61,751.48 59,817.54 1,933.94 3.23%

5010600 · Insurance 1,179.17 1,179.18 -0.01 -0.0%

5010700 · Travel

5010730 · Staff 353.96 0.00 353.96 100.0%

Total 5010700 · Travel 353.96 0.00 353.96 100.0%

5010800 · Taxes and Filings 1,541.00 20.00 1,521.00 7,605.0%


CMTA Profit & Loss Prev Year Comparison


Page 4 of 10

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

5010900 · Postage 714.05 222.85 491.20 220.42%

5011200 · Telecommunications5011210 · Internet services 59.96 154.99 -95.03 -61.31%

5011220 · Telephone 363.77 531.68 -167.91 -31.58%

5011200 · Telecommunications - Other 43.06 0.00 43.06 100.0%

Total 5011200 · Telecommunications 466.79 686.67 -219.88 -32.02%

5011300 · Supplies 2.96 31.13 -28.17 -90.49%

5011500 · Bank and Merchant Fees

5011510 · Bank Fees 554.17 0.00 554.17 100.0%5011520 · Merchant Fees 3,596.39 3,357.91 238.48 7.1%

Total 5011500 · Bank and Merchant Fees 4,150.56 3,357.91 792.65 23.61%

Total 5010000 · Management and general 75,035.04 66,050.96 8,984.08 13.6%

5050000 · Program services expenses


5051100 · 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%


5520200 · Educational Support Expenses 17.90 0.00 17.90 100.0%

5520300 · Essential Workshop Expenses 20,173.03 0.00 20,173.03 100.0%5520400 · Advanced Workshop Expenses 0.00 7,437.45 -7,437.45 -100.0%

Total 5053000 · Education 20,190.93 7,437.45 12,753.48 171.48%


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 42.32 2.94 6.95%

5056800 · Supplies 0.00 21.52 -21.52 -100.0%

5056999 · Miscellaneous 132.64 0.00 132.64 100.0%

Total 5056000 · Annual Conference 7,071.76 666.39 6,405.37 961.2%

Total 5050000 · Program services expenses 27,326.63 13,145.58 14,181.05 107.88%

5060000 · Prior Year Expenses 636.98 0.00 636.98 100.0%

Total Expense 102,998.65 79,196.54 23,802.11 30.05%

Net Income 125,334.83 116,699.30 8,635.53 7.4%


CMTA Profit & Loss Budget Performance

March 2019

Page 5 of 10

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

Income

4010000 · Membership dues

4010100 · Dues (Public) 1,125.00 46,984.55 52,000.00 -5,015.45 52,000.00

4010200 · Dues (commercial) 820.00 4,920.00 9,500.00 -4,580.00 9,500.00

4010400 · Dues (Alumni) 0.00 60.00 60.00 0.00 60.00

Total 4010000 · Membership dues 1,945.00 51,964.55 61,560.00 -9,595.45 61,560.00

4500000 · Program services


4510100 · Investment Policy Application 0.00 2,625.00 1,499.99 1,125.01 2,000.00

4510200 · CCMT- Certified CA Municipal T. 0.00 0.00 225.00 -225.00 300.00

4510300 · CTC- Certified CA Treasury Crt 0.00 0.00 225.00 -225.00 300.00

4510400 · Certification program app. fee 225.00 400.00 0.00 400.00 0.00

4510000 · Certification - Other 0.00 0.00 0.00 0.00 0.00

Total 4510000 · Certification 225.00 3,025.00 1,949.99 1,075.01 2,600.00


4520200 · Educational support 0.00 0.00 0.00 0.00 0.00

4520300 · Essentials Workshop 0.00 20,150.00 22,500.00 -2,350.00 30,000.00

4520400 · Advanced Workshop 0.00 0.00 0.00 0.00 0.00

Total 4520000 · Education 0.00 20,150.00 22,500.00 -2,350.00 30,000.00


4530100 · Handbook 0.00 0.00 50.00 -50.00 100.00

4530300 · Job Ads 225.00 1,350.00 750.01 599.99 1,000.00

Total 4530000 · Publications 225.00 1,350.00 800.01 549.99 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


4560100 · Registrations

4560110 · Active Members 13,710.00 48,820.00 44,200.00 4,620.00 49,200.00

4560120 · Commercial Associates 27,595.00 36,800.00 12,000.00 24,800.00 16,000.00

4560130 · Additional Meals 0.00 0.00 0.00 0.00 0.00

4560300 · Pre-Conference Seminar 200.00 200.00 3,500.00 -3,300.00 3,500.00

4560100 · Registrations - Other 0.00 0.00 0.00 0.00 0.00

Total 4560100 · Registrations 41,505.00 85,820.00 59,700.00 26,120.00 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 9,650.00 65,250.00 69,000.00 -3,750.00 75,000.00

Total 4560200 · Sponsors/ Exhibtors 9,650.00 65,250.00 69,000.00 -3,750.00 75,000.00

Total 4560000 · Annual Conference 51,155.00 151,070.00 128,700.00 22,370.00 143,700.00

Total 4500000 · Program services 51,605.00 175,595.00 153,950.00 21,645.00 186,075.00

4600000 · Division Income 0.00 0.00 0.00 0.00 0.00

4980000 · Interest 0.00 773.93 450.00 323.93 600.00

4999999 · Other 0.00 0.00 0.00 0.00 0.00

Total Income 53,550.00 228,333.48 215,960.00 12,373.48 248,235.00



March 2019

Page 6 of 10


Gross Profit 53,550.00 228,333.48 215,960.00 12,373.48 248,235.00

Expense

5010000 · Management and general

5010100 · Audit 0.00 4,680.00 0.00 4,680.00 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 25.88 112.50 -86.62 150.00

5010310 · Storage 0.00 169.19 149.99 19.20 200.00

5010400 · Contract Services

5010420 · Website update and maintenance 1,833.88 5,501.48 4,125.01 1,376.47 5,500.00

5010430 · SMA - AMC 6,250.00 56,250.00 56,250.00 0.00 75,000.00

Total 5010400 · Contract Services 8,083.88 61,751.48 60,375.01 1,376.47 80,500.00

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

5010700 · Travel5010730 · Staff 353.96 353.96

Total 5010700 · Travel 353.96 353.96

5010800 · Taxes and Filings 123.00 1,541.00 0.00 1,541.00 500.00

5010900 · Postage 2.00 714.05 750.01 -35.96 1,000.00

5011200 · Telecommunications

5011210 · Internet services 14.99 59.96 75.01 -15.05 100.00

5011220 · Telephone 92.44 363.77 375.01 -11.24 500.00

5011200 · Telecommunications - Other 0.00 43.06

Total 5011200 · Telecommunications 107.43 466.79 450.02 16.77 600.00

5011300 · Supplies 0.00 2.96 75.01 -72.05 100.00

5011500 · Bank and Merchant Fees

5011510 · Bank Fees 59.80 554.17 0.00 554.17 0.00

5011520 · Merchant Fees 1,298.68 3,596.39 4,125.01 -528.62 5,500.00

Total 5011500 · Bank and Merchant Fees 1,358.48 4,150.56 4,125.01 25.55 5,500.00

Total 5010000 · Management and general 10,028.75 75,035.04 68,037.55 6,997.49 96,550.00

5050000 · Program services expenses


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 215.98 20,173.03 25,000.00 -4,826.97 25,000.00

5520400 · Advanced Workshop Expenses 0.00 0.00 0.00 0.00 0.00

Total 5053000 · Education 215.98 20,190.93 25,000.00 -4,809.07 25,000.00


5054300 · Printing - General 0.00 0.00 10.00 -10.00 10.00



March 2019

Page 7 of 10


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


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. 0.00 6,437.02 5,666.66 770.36 17,000.00

5056300 · Gifts & Mementos

5056305 · Attendee 0.00 0.00 500.00 -500.00 2,000.00

5056310 · Speaker, Sponsor, Board 0.00 0.00 800.00 -800.00 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 1,300.00 -1,300.00 3,700.00

5056400 · Food and Beverage - Hotel 0.00 0.00 30,000.00 -30,000.00 70,000.00

5056525 · Lodging/Travel

505626 · Board 0.00 259.68 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 0.00 197.16 1,000.00 -802.84 1,000.00

Total 5056525 · Lodging/Travel 0.00 456.84 6,000.00 -5,543.16 6,000.00

5056650 · Postage 0.00 0.00 200.00 -200.00 200.00

5056700 · Printing 0.00 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 0.00 132.64

5056000 · Annual Conference - Other 0.00 0.00 0.00 0.00 0.00

Total 5056000 · Annual Conference 0.00 7,071.76 43,166.66 -36,094.90 114,950.00

Total 5050000 · Program services expenses 215.98 27,326.63 68,216.66 -40,890.03 142,500.005060000 · Prior Year Expenses 0.00 636.98

Total Expense 10,244.73 102,998.65 136,254.21 -33,255.56 239,050.00

Net Income 43,305.27 125,334.83 79,705.79 45,629.04 9,185.00

March 2019 Accounts Receivable

Date Number Last Name Organization Balance GL Code3/6/2019 200002167 County Treas Contra Costa County Treasurer-Ta 175 4500000 Program services:4510000Certification:4510400 Investmen

175

2/7/2019 200002071 Advertising 75 4500000 Program services:4530000 Publications:4530300 Job Ads75

2/8/2019 200002079 Howell City of Burbank 315 4560100Conference:4560110 Annual Conf. - Active2/13/2019 200002103 Perez City of Santa Ana 1245 4560100Conference:4560110 Annual Conf. - Active2/22/2019 200002135 Williams City of Whittier 395 4560100Conference:4560110 Annual Conf. - Active

3/6/2019 200002171 Bernson 525 4560100Conference:4560110 Annual Conf. - Active3/14/2019 200002198 KhodabakhshCity of Glendale 495 4560100Conference:4560110 Annual Conf. - Active3/14/2019 200002201 Solorza City of Pico Rivera 315 4560100Conference:4560110 Annual Conf. - Active3/20/2019 200002213 Herrera City of Los Angeles 395 4560100Conference:4560110 Annual Conf. - Active3/22/2019 200002220 Cam Metropolitan Transportation Com 495 4560100Conference:4560110 Annual Conf. - Active3/25/2019 200002225 HALVORSON CITY OF DALY CITY 395 4560100Conference:4560110 Annual Conf. - Active3/26/2019 200002228 Woo Metropolitan Transportation Com 395 4560100Conference:4560110 Annual Conf. - Active3/26/2019 200002229 Hays City of Palm Springs 395 4560100Conference:4560110 Annual Conf. - Active

5365

1/23/2019 200002038 Ibarrola East West Bank 555 4560100Conference:4560120 Annual Conf- Commercial2/26/2019 200002141 Phillips FTN Financial Main Street Adviso 520 4560100Conference:4560120 Annual Conf- Commercial3/20/2019 200002208 Ume-Ukeje Piper Jaffray 595 4560100Conference:4560120 Annual Conf- Commercial3/25/2019 200002221 Rice Point and Pay 800 4560100Conference:4560120 Annual Conf- Commercial3/29/2019 200002235 Monroe Wells Fargo Bank - Government B 520 4560100Conference:4560120 Annual Conf- Commercial

2990

2/14/2019 200002120 Piscani Chandler Asset Management 5000 4560100Conference:4560120 Sponsorship:4560200 Exhibitor5000

1/16/2019 200002024 Carrels Incapital 3000 4560200 Exhibitor/ Sponsor3/18/2019 200002205 Lutz IBank 3000 4560200 Exhibitor/ Sponsor3/28/2019 200002232 Rice Point & Pay 3000 4560200 Exhibitor/ Sponsor

9000

22,605$


CMTA Expense Detail

March 2019

Page 9 of 10

Type Date Num Name Memo DebitExpense

5010000 · Management and general5010400 · Contract Services

5010420 · Website update and maintenanceGeneral Jou 03/01/2019 2019-003 Your Membership - August 458.51Bill 03/25/2019 1020-1000004yourmembership.com April to June 2019 1,375.37

Total 5010420 · Website update and maintenance 1,833.885010430 · SMA - AMC

Bill 03/01/2019 20190075 Smith Moore & Associates, Inc. 6,250.00Total 5010430 · SMA - AMC 6,250.00

Total 5010400 · Contract Services 8,083.885010700 · Travel

5010730 · StaffBill 03/19/2019 20190107 Smith Moore & Associate Southwest Airlines flight 353.96

Total 5010730 · Staff 353.96Total 5010700 · Travel 353.965010800 · Taxes and Filings

Check 03/13/2019 eft Internal Revenue ServiceForm 990-T 2018-19 payme 113.00Check 03/13/2019 EFT Franchise Tax Board 2018.2019 payment #1 10.00

Total 5010800 · Taxes and Filings 123.005010900 · Postage

Bill 03/19/2019 20190107 Smith Moore & Associate Postage Paid by SMA 2.00Total 5010900 · Postage 2.005011200 · Telecommunications

5011210 · Internet servicesBill 03/19/2019 20190107 Smith Moore & Associate ZOOM.US monthly charge 14.99

Total 5011210 · Internet services 14.995011220 · Telephone

Bill 03/19/2019 20190107 Smith Moore & Associate Jan. TelePacific charge 46.22Bill 03/19/2019 20190107 Smith Moore & Associate Feb. TelePacific charge 46.22

Total 5011220 · Telephone 92.44Total 5011200 · Telecommunications 107.435011500 · Bank and Merchant Fees

5011510 · Bank FeesCheck 03/15/2019 EFT Account Analysis Fee 59.80

Total 5011510 · Bank Fees 59.805011520 · Merchant Fees

Check 03/04/2019 EFT Merchant Services 1,298.68Total 5011520 · Merchant Fees 1,298.68

Total 5011500 · Bank and Merchant Fees 1,358.48Total 5010000 · Management and general 10,028.75


CMTA Expense Detail

March 2019

Page 10 of 10

Type Date Num Name Memo Debit5050000 · Program services expenses

5053000 · Education5520300 · Essential Workshop Expenses

Bill 03/19/2019 1938r Riverside Convention CeOutstanding balance charge 215.98Total 5520300 · Essential Workshop Expenses 215.98

Total 5053000 · Education 215.98Total 5050000 · Program services expenses 215.98

Total Expense 10,244.73

Net Income 10,244.73

ATTACHMENT C 2019 Elections

CMTA 2019‐2020 Board of Directors Election Results Board Position Candidate # of Votes Total

President Elect Thomas Metz 14 34

President Elect Hubert White III 20 34

Secretary: 2019‐2021 Mary‐Ann Rexroad 34 34

Secretary: 2019‐2021 B. No, I don't approve of this nominee. 0 34

Treasurer: 2019‐2021 Jennifer Leisz, CCMT, CFIP 23 34

Treasurer: 2019‐2021 B. Nadia Feeser 11 34

Director North: 2018‐2020 (Vacancy until 2020) Damien Charléty, CCMT 32 34

Director North: 2018‐2020 (Vacancy until 2020) B. No, I don't approve of this nominee. 2 34

Director South: 2019‐2021 Michael A. Solorza 34 34

Director South: 2019‐2021 B. No, I don't approve of this nominee. 0 34

ATTACHMENT D Membership Report

CMTA Membership Report

April 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 281 (84%) 34 (44%) + 0 + 599 (86%) =

633 (82%)

Did not renew 2018‐2019 53 43 + 1 + 95 =

139 (18%)

Total 334 77 + 1 + 694 = 772

ATTACHMENT E 2019 Conference Report

1

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 *This interactive workshop style session qualifies for 8 Hours of CMTA Specialized Training: 4 Hours are in‐person and an additional 4 Hours will be provided by supplemental materials. Katherine Yuen, Partner, Maze & Associates Deborah M. Higgins, President, Higgins Capital Ray Higgins, Co‐Founder and Chief Executive Officer, Higgins Capital John Johnson, Auditor‐Controller, Treasurer‐Tax Collector, County of San Bernardino

Pre‐Conference Session 2: INTRODUCTION TO INVESTING CPE: 4 CMTA Specialized Training: 1 This jargon free class will begin with the basics of public funds investing. We’ll diagram a typical bond and lay out its cash flows. We’ll answer questions like “Is it better to buy a bond at a discount or premium”? (Careful, trick question). Ever been puzzled by the expression, “when bond prices go up, yields go down”? We will also review the fundamentals of cash flows and developing investment policy statements, the basis of every investment program. Whether you’re new to public funds investing or just feel like you could use a “refresher”, this is the class for you!

Aaron Bonck, Time Value Investments Carlos Oblites, SVP, Portfolio Strategist, Chandler Asset Management

12:00 pm – 1:30 pm Kick‐Off Lunch and Keynote Conversation CMTA Board Introductions and Installation

Keynote Conversation with Joan Payden, CFA, President and CEO, Payden & Rygel Investment Management; Susan Munson, CFP®, CFIP, Government Portfolio Advisors

1:30 pm – 2:00 pm Dessert Break in Exhibit Hall

2

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 2:50 pm – 3:40 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 3:40 pm – 3:50 pm Break 3:50 pm – 4:20 pm General Session: Update on the Treasurer’s Office Tim Schaefer, Deputy Treasurer, Public Finance, Office of California State Treasurer Fiona Ma 4:20 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 Communications Mgr 5:15 pm – 7:00 pm Icebreaker Reception in Garden Terrace THURSDAY, APRIL 18 8:25 am – 9:15 am General Session A View from the Capitol: A State Budget and Policy Update A new governor with a new style and new ideas; A legislature with a super‐duper Democratic Party majority. What’s next? In this session we will discover what we can glean from Governor Newsom’s first proposed budget and from other ideas circulating in the legislature. Get the perspective of California’s highly respected

3

Legislative Analyst’s Office on California’s financial condition and other important state policy matters and activities municipal finance professionals should understand. Carolyn Chu, Deputy Legislative Analyst, State and Local Finance Moderator: Michael Coleman, Fiscal Policy Advisor, League of California Cities 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 Greg Whipple, Sr. Account Executive, Clearwater Analytics 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

4

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, Chief Investment Officer, County of San Bernardino Cameron Urquhart, Investment Officer, County of San Diego Robin Dixon, Assistant Investment Officer, County of San Bernardino Breakout Session 2 Real News for Municipal Treasurers: Law and Legislative Update CPE: TBD Get the latest news on California local revenues, legislation, important legal cases, financial conditions and other issues of critical concern to municipal treasurers. Hear about the rules and trends in taxes, fees and other city revenues, the relationship with the state budget, problems and prospects for reform. Get your questions answered about today’s most pressing fiscal issues. Michael Coleman, Fiscal Policy Advisor, League of California Cities

11:45 am – 1:30 pm Lunch CTC and CCMT Recipient Awards “Treasurers LIVE!” Speakers: Dan McAllister, San Diego County Treasurer‐Tax Collector Lisa Marie Harris, San Diego County Water Authority Moderator: Mia Corral Brown, SVP, Relationship Manager, Chandler Asset Management 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, Managing Director and Chief Financial Economist, 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

5

ABC’s of Collateralized Securities CPE: 1 In the presentation, participants will be introduced to the most common structured and collateralized securities in public funds investing and how their unique differences may affect their risk profile. Participants will gain a basic understanding of security structures and the potential benefits to owning them. We will explore recent updates to California Government Code with respect to collateralized securities and how it may affect investment programs.

Jeff Probst, CFA, VP, Portfolio Manager, Chandler Asset Management 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 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, Senior Managing Consultant, 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

6

Jamie Querubin, Public Finance Deputy, Office of Public Finance, City & County of San Francisco Eric McKean, CFA, Director, Stifel, Public Finance Michael Johnson, Chief Risk Officer, Gurtin Municipal Bond Management 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 earnings have the greatest impact on plan funded status and required plan contributions. Whether your plan is well funded 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 Clark, 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 Don Patterson, CCMT, Director of Finance & Administrative Svc., Las Virgenes Municipal Water District Moderator: Jaime Picunko, Senior Vice President, Vining Sparks 12:00 pm Conference Adjourns

2019 Annual Conference Registration

Total: 234 (Government: 134 / Commercial: 100)

Attendee_Type First_Name Last_Name Organization Promo

Government Jane Adelmann City of Thousand Oaks

Government Joan Michaels Aguilar City of Dixon

Government Sondra Ainsworth Northern California Power Agency 1st Time Attendee

Government Diluk Aluwihare LA Care (Local Initiative Health Authority for Los Angeles County)

Government veronica alvarez Community Development Commission of Co. of LA

Commercial Elizabeth Anama East West Bank Sponsor Attendee

Government Tessa Andrews City of Bakersfield

Government Ricardo Aquino San Diego County Treasurer‐Tax Collector

Government Richard Aragon Rancho California Water District

Government Victor Arellano County of Tulare 1st Time Attendee

Government Pamela Arends‐King South Coast Water District

Government Geena Balistrieri San Diego County Water Authority

Government Nicole Bernson City of Los Angeles, Office of Finance 1st Time Attendee

Government Crista Binder City of El Segundo

Commercial Ben Blackmon FTN Financial Capital Markets Sponsor Attendee

Commercial Bill Blackwell Stifel Sponsor Attendee

Commercial Leslie Bloom Raymond James Sponsor Attendee

Government Guy Boccasile City of Ontario

Commercial Erin Bodien Bank of the West

Government Michelle Bodley Nevada County

Government Renee Bojorquez City of Oceanside

Commercial Aaron Bonck Time Value Investments

Commercial Michael Brody II MUFG Union Bank, N.A.

Government Wanda Brown City of Inglewood

Government Chris Browning City of Rancho Palos Verdes 1st Time Attendee

Commercial Sonia Bugarin CalPERS Sponsor Attendee

Commercial David J. Calvert, CFA PFM Management LLC

Government Catherine Cam Metropolitan Transportation Commission

Government Georgina Carbajal Port of San Diego

Government David Carr City of Santa Monica

Government Roger Carroll City of Loomis

Government Henry Chan City of Cathedral City

Government Damien CharlÃ©ty East Bay Municipal Utility District

Government Bhavna Chaudhary City of Livermore

Government PHYLLIS CHEN SANTA CLARA VALLEY WATER DISTRICT

Commercial Izac Chyou PFM Asset Management LLC Sponsor Attendee

Commercial Jason Click Meeder Investment Management Sponsor Attendee

Government Michelle Collett City of Escondido 1st Time Attendee

Government Mike Compton City of Paso Robles

Commercial Ned Connolly Chandler Asset Management Sponsor Attendee

Commercial Mia Corral Chandler Asset Management Sponsor Attendee

Commercial Bev Correa JPMorgan Chase Sponsor Attendee

Commercial Mark Creger Public Trust Advisors Sponsor Attendee

Government Deborah Cullen City of Rancho Palos Verdes

Commercial Ariel da Silva Oakwood Capital Management

Commercial Maximo Damm Promontory Interfinancial Network, LLC Sponsor Attendee

Commercial Greg Davidson NBS

Commercial malisa day Wells Fargo Bank

Commercial Denise de Bombelles FHLB Office of Finance

Government Rhea de Guzman Orange County Sanitation District

Government Sally Degeorge Ventura County Transportation Commission

Government Karoll Diaz Centeno County of Fresno 1st Time Attendee

Government Myles Dixon City of Fairfield

Government Andre Douzdjian SANDAG

Commercial Peter Drew Point & Pay Sponsor Attendee

Commercial Peter Drew Point and Pay

Commercial Jill Dunn US Bank Sponsor Attendee

Government Ann Duong San Diego County Treasurer‐Tax Collector

Government Jeanette Duran City of Irwindale 1st Time Attendee

Government Mary Eckman City of Ventura

Commercial Anastasia Efstathiu Umpqua Bank 1st Time Attendee

Government Edward Enriquez City of Riverside

Government Vic Erganian City of Pasadena

Government Marshall Eyerman City of Moreno Valley

Commercial Jane Fielding Piper Jaffray

Commercial Jane Fielding Piper Jaffray & Co

Government Thomas Fil City of Belmont

Commercial Benjamin Finkelstein Cantor Fitzgerald Sponsor Attendee

Commercial Anthony Fioravante Farmer Mac

Commercial Bud Flodeen Incapital Sponsor Attendee

Government James Frost City of Rancho Cucamonga

Government Kristine Gachalian San Diego County Treasurer‐Tax Collector

Government Michael Galvin City of San Carlos

Government Helen Gaumann Fairfield‐Suisun Sewer District

Commercial Regina Gill Farm Credit

Government Frank Gomez County of Fresno

Commercial Josh Gorham Vining Sparks Sponsor Attendee

Commercial John Grady Public Trust Advisors Sponsor Attendee

Government Barbara Guckenberger City of Oak Creek 1st Time Attendee

Government Daneca Halvorson CITY OF DALY CITY

Government Karley Hamilton City of San Mateo

Government Sheila Harding City of Lynwood

Government Armen Harkalyan City of Ontario

Government Gerald Harner City of Lincoln

Commercial George Hausler JPMorgan Chase Sponsor Attendee

Government Thomas Hays City of Palm Springs

Commercial Tory Hazard ICD Portal

Commercial Jason Headings Meeder Investment Management Sponsor Attendee

Government Karen Helms Merced County Treasurer ‐ Tax Collector

Government Ray Hendricks Salinas Valley Solid Waste Authority

Government Christine Herrera City of Los Angeles

Government Karen Hessell City of Riverside

Government Travis Hickey City of Santa Fe Springs 1st Time Attendee

Commercial Deborah Higgins Higgins Capital

Government Willard Holt City of Santa Ana

Commercial Taylor Howell FTN Financial Capital Markets Sponsor Attendee

Commercial Taylor Howell FTN Financial

Government Forest Howell City of Burbank

Commercial Tito Ibarolla East West Bank

Commercial Tito Ibarrola East West Bank Sponsor Attendee

Government Cody Iglesias City of Santa Clarita

Government Palupe Iosefa City of san Bernardino 1st Time Attendee

Commercial Jasper Jacobs CalPERS Sponsor Attendee

Government Zinda Jimenez San Diego County Treasurer‐Tax Collector

Government Ernestine Jones City of El Monte Retired

Government Wendy Joplin San Diego County Treasurer‐Tax Collector

Commercial Roland Kamachi Bank of America

Government Dennis Kauffman City of Roseville 1st Time Attendee

Commercial Allison Kaune PFM Asset Management LLC

Government David Kennedy City of San Bernardino

Government Phonxay Keokham San Joaquin County Treasurer‐Tax Collector

Government Araz Khodabakhshi City of Glendale

Government Susanne King County of Monterey

Government Richard Kinzly San Diego County Treasurer‐Tax Collector

Commercial Matthew Kirschenman Bank of the West Sponsor Attendee

Government Debbie Kukta City of Burbank

Government Emmanuel Labrinos City of San Diego

Government KARIN LANDFRIED‐GRANCE City of Redlands

Commercial Jared Lane GardaWorld Cash Services

Government Rosa Lara Rios City of Delano

Government Kevin Larson City of Placentia

Commercial John Lee IBank Sponsor Attendee

Government Jennifer Leisz City of Tustin

Commercial Lester Lennon FTN Financial Capital Markets 1st Time Attendee

Government Henry Levy Alameda County

Government Tim Lilligren City of Manhattan Beach

Government Rudy Livingston City of Ojai

Commercial Mike Lomurro Certified Payments Sponsor Attendee

Government Dorothy Long City of Alturas Scholarship

Government Viviana Longoria City of El Monte

Government Wayne Loo City of Millbrae

Government Kristen Madary City of Camarillo

Commercial Whitney Maher Government Portfolio Advisors Sponsor Attendee

Government Ben Mangum City of Taft

Commercial Scott Manno Rogers Anderson Malody & Scott, LLP

Government Dino Marsocci City of El Segundo

Government Greg Martinez City of South Gate

Government Marie Martinez Santa Clara Valley Water District

Commercial Lou Mastro JPMorgan Chase Sponsor Attendee

Commercial Yolanda Mates JPMorgan Chase Sponsor Attendee

Government Mandy Matta Treasurer‐Tax Collector, San Joaquin County

Government Dan Matusiewicz City of Newport Beach

Government Sarah Mayen City of San Diego, Department of Finance

Government Chuck McBride City of Santa Rosa

Commercial Christopher McCarry, AIF Chandler Asset Management Sponsor Attendee

Government Tracy McCraner City of San Diego, Department of Finance

Commercial Gabby McGaughy SunTrust Robinson Humphrey

Commercial Eric McKean Stifel Sponsor Attendee

Government Brooke McKinney City of Moreno Valley

Commercial Debbie McLeod Opus Bank

Commercial Sarah Meacham PFM Asset Management LLC

Government Thomas Metz City of Palm Desert

Commercial Rachael Miller PFM Asset Management LLC Sponsor Attendee

Government Margaret Moggia West Basin Municipal Water District

Commercial Zina Monroe Wells Fargo Bank ‐ Government Banking Sponsor Attendee

Commercial Leslie Morales Fixed Income Academy Sponsor Attendee

Commercial Susan Munson Government Portfolio Advisors Sponsor Attendee

Commercial Tom Newton ICD Portal

Commercial Lily Ng Bank of the West Sponsor Attendee

Commercial Chad Nicholson Incapital Sponsor Attendee

Commercial Carlos Oblites Chandler Asset Management Sponsor Attendee

Government David Olivo City of South Lake Tahoe

Government Judith Oltman City of Hemet

Commercial Lillan Pacheco East West Bank Sponsor Attendee

Commercial Earl Parker Payden & Rygel

Government Lisa Partee City of Chula Vista

Government Donald Patterson Las Virgenes Municipal Water District

Government L.D. Patterson City of Hawthorne

Commercial Brandon Pelfrey Clearwater Analytics Sponsor Attendee

Commercial Eileen Perez US Bank Sponsor Attendee

Government Rosie Perez City of Santa Ana

Commercial Alisa Perry CalPERS Sponsor Attendee

Commercial Rick Phillips FTN Financial Main Street Advisors Sponsor Attendee

Commercial Ruth Phillips FTN Financial Main Street Advisors

Commercial Jaime Picunko Vining Sparks Sponsor Attendee

Commercial Lindsey Piegza Stifel Sponsor Attendee

Commercial Leslie Posvancz U.S. Bank Sponsor Attendee

Commercial Christopher Presley PFM Asset Management LLC Sponsor Attendee

Government Sandra Ramirez City of Rancho Cucamonga

Commercial Krystle Ramos Certified Payments Sponsor Attendee

Government Galindo Ray San Mateo County Transit District

Commercial Paul Rehmus Multi‐Bank Securities, Inc. Sponsor Attendee

Government Mary Ann Rexroad West Basin MWD

Commercial Lauren Ric Clearwater Analytics Sponsor Attendee

Government Luke Rioux City of Goleta

Government Kenneth Robinson APT VIPAPT

Commercial Nancee Robles IBank Sponsor Attendee

Commercial Brad Rockabrand Vavrinek, Trine, Day & Co., LLP

Government Arturo Rodriguez City of Santa Ana

Government Jennifer Rowe City of Ventura 1st Time Attendee

Government Victor Roy City of Oceanside 1st Time Attendee

Commercial Colleen Rozatti City of West Covina Scholarship

Commercial Steven Rutledge UBS Financial Services, Inc. Sponsor Attendee

Government Angela Saccareccia Las Virgenes Municipal Water District

Government Becky Salvatierra City of Oceanside

Government Costa Mesa TBD Costa Mesa Sanitary District

Government Dolores Sarenana Stanislaus County Treasurer/Tax Collector

Commercial Rosa Schulte Raymond James Sponsor Attendee

Commercial Keith Schuttler Clearwater Analytics Sponsor Attendee

Commercial Alice Sealy CalPERS Sponsor Attendee

Commercial Claude Seide Incapital Sponsor Attendee

Commercial James Shamoun, Jr. Cantor Fitzgerald & Co Sponsor Attendee

Government Terry Shea City of Rolling Hills

Commercial Victor Shin Bank of the West Sponsor Attendee

Commercial VICTOR SHIN BANK OF THE WEST

Commercial Kevin Shiosaka Banc of California 1st Time Attendee

Government Ryan Smith City of Aliso Viejo

Government Michael Solorza City of Pico Rivera

Government Ronica Sowers City of Redding

Government Deborah Spaulding East Bay Regional Park District

Commercial Dean Stephens Umpqua Bank 1st Time Attendee

Government Marilou Tan County of Ventura Treasurer‐Tax Collector

Government Linda Tang City of San Gabriel

Government Mark Taylor City of San Clemente

Commercial Tom Tight Public Trust Advisors Sponsor Attendee

Commercial Reg Truman Promontory Interfinancial Network, LLC Sponsor Attendee

Commercial Victor Ume‐Ukeje Piper Jaffray

Commercial Nick Vaccari Meeder Investment Management Sponsor Attendee

Government Eldon Vogt City of La Mesa

Government Lauren Warrem County of San Diego

Government Shaoyin Wei City of San Gabriel

Government Lisa Wesley City of San Mateo

Commercial Greg Whipple Clearwater Analytics

Government Mike Whitehead City of Rolling Hills Estates

Government Liana Whyte San Diego County Water Authority

Commercial John Williams Wells Fargo Bank

Government Karen Williams Santa Ana Watershed Project Authority

Government Kelley Williams City of Whittier

Commercial David Witthohn Insight Investment Sponsor Attendee

Government Susan Woo Metropolitan Transportation Commission

Commercial Steven Wright IBank Sponsor Attendee

Commercial Peter Yanez Multi‐Bank Securities, Inc Sponsor Attendee

Government Bobby Young HdL Companies

Government Patrick Zalasky City of Sacramento

2019 Pre‐Conference Registration

Total: 50 (Track 1: 33 / Track 2: 17)

First_Name Last_Name Organization Product

Christopher Woidzik San Diego County Water Authority Pre‐Conference Track One: CMTA Specialized Training

Arturo Rodriguez City of Santa Ana Pre‐Conference Track One: CMTA Specialized Training

Becky Salvatierra City of Oceanside Pre‐Conference Track One: CMTA Specialized Training

Brooke McKinney City of Moreno Valley Pre‐Conference Track One: CMTA Specialized Training

Dan Matusiewicz City of Newport Beach Pre‐Conference Track One: CMTA Specialized Training

Deborah Spaulding East Bay Regional Park District Pre‐Conference Track One: CMTA Specialized Training

Dennis Kauffman City of Roseville Pre‐Conference Track One: CMTA Specialized Training

Dorothy Long City of Alturas Pre‐Conference Track One: CMTA Specialized Training

Frank Gomez County of Fresno Pre‐Conference Track One: CMTA Specialized Training

Greg Martinez City of South Gate Pre‐Conference Track One: CMTA Specialized Training

Helen Gaumann Fairfield‐Suisun Sewer District Pre‐Conference Track One: CMTA Specialized Training

Jennifer Leisz City of Tustin Pre‐Conference Track One: CMTA Specialized Training

Karen Williams Santa Ana Watershed Project Authority Pre‐Conference Track One: CMTA Specialized Training

KARIN LANDFRIED‐GRANCE City of Redlands Pre‐Conference Track One: CMTA Specialized Training

Karoll Diaz Centeno County of Fresno Pre‐Conference Track One: CMTA Specialized Training

L.D. Patterson City of Hawthorne Pre‐Conference Track One: CMTA Specialized Training

Linda Tang City of San Gabriel Pre‐Conference Track One: CMTA Specialized Training

Luke Rioux City of Goleta Pre‐Conference Track One: CMTA Specialized Training

Mary Eckman City of Ventura Pre‐Conference Track One: CMTA Specialized Training

Michelle Bodley Nevada County Pre‐Conference Track One: CMTA Specialized Training

Mike Compton City of Paso Robles Pre‐Conference Track One: CMTA Specialized Training

Rhea de Guzman Orange County Sanitation District Pre‐Conference Track One: CMTA Specialized Training

Richard Kinzly San Diego Co. Treasurer‐Tax Collector Pre‐Conference Track One: CMTA Specialized Training

Roger Carroll City of Loomis Pre‐Conference Track One: CMTA Specialized Training

Rosie Perez City of Santa Ana Pre‐Conference Track One: CMTA Specialized Training

Sally Degeorge Ventura Co. Transportation Commission Pre‐Conference Track One: CMTA Specialized Training

Sheila Harding City of Lynwood Pre‐Conference Track One: CMTA Specialized Training

Susanne King County of Monterey Pre‐Conference Track One: CMTA Specialized Training

Tessa Andrews City of Bakersfield Pre‐Conference Track One: CMTA Specialized Training

Tim Lilligren City of Manhattan Beach Pre‐Conference Track One: CMTA Specialized Training

Travis Hickey City of Santa Fe Springs Pre‐Conference Track One: CMTA Specialized Training

Victor Roy City of Oceanside Pre‐Conference Track One: CMTA Specialized Training

Wayne Loo City of Millbrae Pre‐Conference Track One: CMTA Specialized Training

Ronica Sowers City of Redding Pre‐Conference Track Two: Introduction to Investing

Araz Khodabakhshi City of Glendale Pre‐Conference Track Two: Introduction to Investing

Barbara Guckenberger City of Oak Creek Pre‐Conference Track Two: Introduction to Investing

Catherine Cam MTC Pre‐Conference Track Two: Introduction to Investing

David Olivo City of South Lake Tahoe Pre‐Conference Track Two: Introduction to Investing

Galindo Ray San Mateo County Transit District Pre‐Conference Track Two: Introduction to Investing

Gerald Harner City of Lincoln Pre‐Conference Track Two: Introduction to Investing

Jennifer Rowe City of Ventura Pre‐Conference Track Two: Introduction to Investing

Karen Helms Merced Co. Treasurer ‐ Tax Collector Pre‐Conference Track Two: Introduction to Investing

Karley Hamilton City of San Mateo Pre‐Conference Track Two: Introduction to Investing

Lisa Wesley City of San Mateo Pre‐Conference Track Two: Introduction to Investing

Marilou Tan Co. of Ventura Treasurer‐Tax Collector Pre‐Conference Track Two: Introduction to Investing

Sondra Ainsworth Northern California Power Agency Pre‐Conference Track Two: Introduction to Investing

Palupe Iosefa City of san Bernardino Pre‐Conference Track Two: Introduction to Investing

Ray Hendricks Salinas Valley Solid Waste Authority Pre‐Conference Track Two: Introduction to Investing

Shaoyin Wei City of San Gabriel Pre‐Conference Track Two: Introduction to Investing

Willard Holt City of Santa Ana Pre‐Conference Track Two: Introduction to Investing

2019 Sponsors / Exhibitors

Total Revenue: $75,000

Type Company Amount

Silver Exhibitor Axos Bank $ 3,000.00

Silver Exhibitor Bank of the West $ 3,000.00

Gold Exhibitor California Public Employee's Retirement System (CalPERS) $ 5,000.00

Silver Exhibitor Cantor Fitzgerald & Co. $ 3,000.00

Silver Exhibitor Certified Payments $ 3,000.00

Gold Exhibitor Chandler Asset Management $ 5,000.00

Silver Exhibitor Clearwater Analytics $ 3,000.00

Silver Sponsor East West Bank $ 2,500.00

Silver Exhibitor / Comped Fixed Income Academy $ ‐

Gold Sponsor FTN Financial Capital Markets & FTN Financial Main Street Advisors $ 4,500.00

Silver Exhibitor Government Portfolio Advisors $ 3,000.00

Silver Exhibitor Ibank $ 3,000.00

Silver Exhibitor Incapital $ 3,000.00

Silver Exhibitor Insight Investment $ 3,000.00

Gold Exhibitor JP Morgan $ 5,000.00

Silver Exhibitor Meeder Investment Management $ 3,000.00

Silver Exhibitor Multi‐Bank Securities, Inc. $ 3,000.00

Silver Exhibitor PFM Asset Management $ 3,000.00

Silver Exhibitor Point and Pay $ 3,000.00

Silver Exhibitor Promontory Interfinancial Network $ 3,000.00

Lanyard Sponsor Public Trust Advisors $ 900.00

Silver Exhibitor Public Trust Advisors $ 3,000.00

Silver Sponsor Raymond James $ 2,500.00

Gold Exhibitor Stifel $ 5,000.00

Bronze Sponsor UBS Financial Services $ 1,200.00

Wednesday: PM BREAK UBS Financial Services $ 500.00

Silver Exhibitor US Bank $ 3,000.00

Silver Exhibitor Vining Sparks $ 3,000.00

Silver Exhibitor Wells Fargo Bank $ 3,000.00

16 Exhibiting Tables as of 3/7/19 $75,100

California Municipal Treasurers Association...Don’s recommendation, with all things considered, is Marriott. Donald Patterson moved to approve the Marriott San Mateo as the 2020

Documents