csmfo magazine april 2016

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Articles and features on finance in California by the professionals who make it happen and how.

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  • CSMFO MAGAZINE APRIL 2016CSMFO.ORG

    1

    CSMFO M A G A Z I N E

    C A L I F O R N I A S O C I E T Y O F M U N I C I P A L F I N A N C E O F F I C E R S

    APRIL 2016 #2

    THE CONFERENCE EDITION

  • CSMFO.ORGCSMFO MAGAZINE APRIL 2016

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  • CSMFO.ORGCSMFO MAGAZINE APRIL 2016

    CSMFO M A G A Z I N E

    C A L I F O R N I A S O C I E T Y O F M U N I C I P A L F I N A N C E O F F I C E R S

    APRIL 2016 #2

    2016 Board of DirectorsPresident John Adams, City of Thousand OaksPresident-Elect Drew Corbett, City of San MateoPast President Jesse Takahashi, City of CampbellBarbara Boswell, City of LancasterJimmy Forbis, City of MontereyBrent Mason, City of RiversideMarcus Pimentel, City of Santa CruzKaran Reid, City of ConcordChu Thai, City of Monterey Park

    Executive Director/Editor Melissa Dixon, MBA, CAE

    Editorial Designer David Blue Garrison

    Photography ByChu TaiDavid Blue GarrisonDisneyland

    For more information on CSMFO or this Magazine, please contact the CSMFO office at

    916.231.2137 or visit the website at www.csmfo.org

  • CSMFO MAGAZINE APRIL 2016

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    CONTENTSAPRIL 2016

    6 Presidents LetterJohn AdamsExecutive Directors LetterMelissa Dixon

    A Different Kind Of CourseJohn Adams

    CSMFO LOVEMelissa Dixon

    Presidents Dinner Steve Heide

    Early Bird Sessions: The Magic MorningCraig Boyer

    Four Keynote LearningsDavid Cain

    National Market CommentaryHilltop Securities

    The Happiest Place On EarthMichael Coleman

    Club 33Joan Michaels Aguilar

    The Future Is Now!John Adams

    Perks of the After PartyKathryn Downs

    Strategies for Mitigating Municipal Employee Fraud MGO

    One Vendors ViewTyler Monk

    Diary of a Host Committee ChairDrew Corbett

    Job Opportunities

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    1215

    16202226

    30323436

    38

    424445

  • CSMFO.ORGCSMFO MAGAZINE APRIL 2016

    dedication and hardwork year after year produces a program that is second to none. Thank you to: Viki Copeland (City of Hermosa Beach) for her leadership, Ronnie Campbell (City of Camarillo) for his support and vision, Mary Bradley (City of Fremont) for her wisdom, Harriet Commons (Retired) for her dedication, Drew Corbett (City of Menlo Park) for his fresh perspectives, and Margaret Moggia (West Basin Water District) for her amazing ideas.

    The Conference offered over 40 general and

    concurrent sessions covering a wide range of technical and

    non-technical topics.

    PRESIDENTS LETTERJOHN ADAMS

    conference successful, so I thought I would write about each one of them in this Presidents message.

    Great People A successful event is not possible without great people, and CSMFO members came in force to enjoy the conference together. We had a record attendance this year with 1300 attendees. I originally thought the conference was great because I was President, but as you can imagine, many people reminded me it was because of the people. Thank you to all the attendees, your involvement made the conference a huge success.

    Fantastic Program & Educational Content The Conference offered over 40 general and concurrent sessions covering a wide range of technical and non-technical topics. Whether it was Michael Coleman giving an update on California finance, or David Bean giving a GASB update, or Neil Kupchin on personal leadership, there were plenty of top-notch sessions for all municipal finance professionals. A program of this caliber is not possible without two groups. First, our speakers. Their commitment and expertise is what makes the conference program possible. And second, the CSMFO Program Committee. Their

    Returning from the Happiest Place on EarthWOW, what an amazing conference in Anaheim at the Disneyland

    Resort. I hope those of you that were able to attend our 56th Annual Conference, A Finance Life for Me, enjoyed it as much as I did. Over the past month I have received so many compliments on how wonderful the conference was. I wish I could take all the credit, but I cant. There are so many ingredients that make a

    JOHN ADAMS FACTSJohns favorite James Bond is Roger Moore.

  • CSMFO MAGAZINE APRIL 2016

    7

    Inspirational Keynotes One of the enjoyable parts of putting on the conference is determining the keynote speakers. Usually hours are spent identifying potential speakers that convey the theme of the conference. This year we had Jon Gordon as the opening session keynote talking about the Energy Bus. I want to thank David Cain from Fountain Valley, as it was his recommendation to have Jon as a speaker. What a great choice to start us off. On Thursday, we had a lot of fun with Jon & Owen of The Passing Zone. I want to thank our CSMFO volunteers: Gilbert Punsalan (City of Thousand Oaks), Stephen Parker (City of Stanton) and Pamela Arends-King (Union Sanitary District). It was Pams recommendation to have The Passing Zone perform, so a big thank you to her. Friday mornings general session featured Dave Childs talking about the importance of Ethics. And finally, no better way to end the conference than to have Neil Kupchin help us take what we learned and apply it to our agencies after the conference. Thank you to our keynotes, hopefully you also found them inspirational and memorable.

    Memorable Events What conference is complete without networking and having fun? For those that were able to get away a few hours early from work on Tuesday, we offered golf or tennis. The golf tournament was played at Black Gold in Yorba Linda, while tennis was played at the Anahiem Tennis Center. Thank you to Mark Alvarado, Anna Van Degna, and Lily Ng for all their work on these events. Also, thank you to the many sponsors.

    Tuesday evening was the Presidents Dinner, where we recognized past

    presidents and the current CSMFO leadership for their dedication to

    CSMFO. Thank you to David Cain, Pamela Arends-

    King, Elena Zaretsky, Stephen Parker, and

    Marisa Anticevich. Wednesday was our conference reception where there was plenty of networking and

    catching up with old friends. And of

    course, Thursday night with the after-hours Party

    in Disneyland. No better way to attend a conference in Anaheim than to visit the park and go on a few rides. I did try to have the pirate song changed to a Finance Life for Me, but Disney would not budge! Hopefully you had a great time at these events.

    Generous Financial Support Our commercial members and sponsors are truly an integral part of CSMFOs success. We had over 100 sponsors and exhibitors for the 2016 Annual Conference. I would like to thank our generous sponsors and exhibitors for their commitment and support of our conference. It is this support that helps make our Annual Conference so successful year after year.

    Added Value One of the focuses for the Program Committee is to enhance educational content every year. This year we had two outstanding pre-conferences, Enterprise Resource Planning with Phil Bertolini and Terry Hackleman, and Fundamentals of Municipal Revenues with Michael Coleman and Lloyd de Llamas. In addition to the pre-conference sessions, we had two free early bird sessions with Chris Thornberg, Economic Update, and Alan Milligan & Chery Eason from CalPERS. Clearly, these sessions added value for those that are able to get away from the office a little early.

  • CSMFO.ORGCSMFO MAGAZINE APRIL 2016

    Showing Off to Special Guests What is the point of having the best conference in the world if you cant share it will others? Being President, one of the privileges is to host our VIPs & Out of State guests at the conference. This provides an opportunity to meet other municipal finance officers from other states and have them experience the best government finance conference in North America. This year, I was able to host five individuals, including a CSMFO Past-President. They were:

    Pamela Arends-King California Municipal Treasurers Association (CMTA)

    Heidi Starks Oregon Government Finance Officers Association (OGFOA)

    Carmen Hayter Washington Finance Officers Association (WFOA)

    Mike Middleton Alaska Government Finance Officers Association (AGFOA)

    Heather Johnston Government Finance Officers Association (GFOA)

    I would like to thank them for attending our conference and look forward to seeing them in the future.

    Enthusiasm & Dedication I was blessed to have an enthusiastic and dedicated Host Committee. I would like to thank the following individuals for their instrumental role in planning this outstanding conference:

    Joan Michaels Aguilar, City of Dixon

    Pamela Arends-King, Union Sanitary District

    Scott Catlett, City of Yorba Linda

    David Cain, City