From the PresidentThe summer has gone quickly and fall is already upon us. Kim McKay, our 33rd Annual Fall Conference Chair, and her committee has prepared an agenda packed with pertinent education and networking activities.

The MMTA Board of Directors has approved the 34th and 35th Annual Fall Conference sites for the next two years. The 2012 Conference will be held at Boyne Mountain, Boyne Falls, MI and the

2013 Conference will be held at Grand Traverse Resort, Traverse City. Also, we will once again have a joint 2012 Spring Conference with the MGFOA as Mary Ann Kornexl and her committee plans that

event. Janice Thelen and her committee recently hosted the MMTA in the UP. What an exciting one day event they had with excellent education and speakers. A list of upcoming educational events is

listed in this issue of Connect so you can mark your calendars and plan ahead to attend.

I recently attended the UPT US& C 46th National Conference in Oklahoma City, Oklahoma. The theme “The Will to Survive, the Skill to Succeed” was aptly titled when you compare the devastation and sorrow the city has been through and where it is today. During one of the evening events we toured the Oklahoma City National Memorial & Museum, a tribute to those who were killed, those who survived and lives that were changed forever by the April 19, 1995 bombing. Four excellent education tracks were offered at the conference including Investment, Cash and Debt Management, and Information Technology. We are pleased to announce that two of our Michigan members were elected to the National Board, Matt Horning, Treasurer and Margaret Birch, Director. Blinda Baker will serve as Parliamentarian. Service Awards were presented to two of our members, Blinda Baker and Annge Klinger for their work with the National Association.

The Board of Directors has contracted with Jeff Anderson, Finance Director of Delta Charter Township, to handle the bookkeeping with oversight by the Association’s treasurer. This was recommended by our auditors and will help maintain consistency in the MMTA Financial records as the treasurer position changes from year to year.

There has been interesting proposed and adopted legislation this year that impacts each of us, including employee health insurance, employee pensions and medical marijuana laws. In order

to receive Statutory Revenue Sharing eligible local units must meet the governor’s dashboard requirements. Many municipalities are creating dashboards simply to help with measuring

governmental services and using it as a tool for transparency. Most of have already or are preparing to adopt Fund Balance Policies that place fund balances into non-spendable,

restricted, committed, or assigned categories. Again, we are hearing rumors about personal property tax being dissolved, but are not holding our breath.

Ca l e n da r o f ev e n t sImportant Dates to Remember

Ca l e n da r o f ev e n t sImportant Dates to Remember

t h e q u a r t e r l y n e w s l e t t e r

Connectm i c h i g a n m u n i c i p a l t r e a s u r e r s a s s o c i a t i o n

S e p t e m b e r 2 0 1 1 w w w. m m t a - m i . o r g V o l u m e 6 0

33rd Annual Fall Conference • Mission Point Resort Mackinac Island, MI OctOber2-5,2011

Spring Workshop• Henry Center Lansing, MI March23,2012

MMTI Basic • Comfort Inn Mt. Pleasant, MI april23-27,2012

MMTI Advanced • Comfort Inn Mt. Pleasant May2-4,2012

34th Annual Fall Conference • Boyne Mountain Boyne Falls, MI OctOber7-10,2012

2013 Fall Conference • Grand Traverse Resort Traverse City, MI OctOber7-10,2013

Continued on page 1.

We will have a vacancy this fall on the MMTA Board of Directors. It is not too late to get your letter of interest in to me. See the Letter of Interest Form in this issue. Feel free to contact me with any questions you may have.

Many of you are finding the MMTA Website to be a useful tool. The Board has been publishing our minutes and has recently agreed that adding the agendas would be a way for our membership to see items we are discussing and respond to us if they have suggestions or thoughts.

I understand many of you are doing more with less, yet you always seem to make time to help with conferences or whatever may be asked of you to continue to make this association successful. I thank you for that. I also thank those of you who have come along beside me to make my job as president easier with your helping hands and words of encouragement. I consider serving as president an honor, but could not do it without you.

Rose DillonMMTA President

PRESIDENTRose Dillon, CPFA, MiCPT

Fruitport TownshipPhone (231) 865-3151

PRESIDENT-ELECTKim McKay, CPFA, MiCPT

City of RockfordPhone (616) 825-5005

VICE PRESIDENTJan Steggerda, CPFA, MiCPT

Park TownshipPhone (616) 738-4236

TREASURERMary Ann Kornexl, CPFA, MiCPT

City of Mt. PleasantPhone (989) 779-5381

SECRETARYCheryl Rhein-O’Neill, CPFA, MiCPT

Oregon TownshipPhone (810) 664-5971 x1

DIRECTORSAnnge Klinger, CPFA, CMC, MiCPT

City of East TawasPhone (989) 362-6161

Matthew V. Horning, CPFA, CPFIM, MiCPTCity of Ann Arbor

Phone (734) 794-6541

Barbara Fandell, CPFA, MiCPTCity of Ithaca

Phone (989) 875-3200

Janice Zuhlke, CPFA, CMC, MiCPTCity of Imlay City

Phone (810) 724-2135

PARLIAMENTARIANSusanne McGee, CPFA, MiCPT

City of MontaguePhone (231) 893-1155

IMMEDIATE PAST PRESIDENTJanice Thelen, CPFA, MiCPTWatertown Charter Township

Phone (517) 626-6593 ext. 206

ASSOCIATE LIAISONSKatherine McDonald, Vice President

JP Morgan Asset ManagementPhone (616) 771-7860

Kim Goethe, First Vice PresidentFlagstar Bank

Phone (248) 312-5180

September 2011 page 1

Continued from Cover.

Don’t Miss the BoatMMTA Fall Conference attendee’s registration fee includes round trip ferry service on the Shepler’s Ferry Line from either Mackinaw City or St. Ignace. Check in at the ticket booth and mention you are with the MMTA group at Mission Point Resort; they will have your name on a list.

PLEASE NOTE: No other ferry service can be used to get the free trip to & from the Island. Refunds cannot be issued if you use another service. Please see the website for run times: www.sheplersferry.com/schedule

We need you!Future APT US&C CONFERENCES

the Board of directors of the association of public treasurers of the united States and Canada has

announced the following sites for future apt uS&C conferences:

2012 Williamsburg, virginia August 12-15, 2012

2013 Houston, texas

2014 Salt Lake City, utah

2015 Chicago, illinois 50th anniversary of APT US&C

It is that time of year again. The Fall Conference time is when we look to members to sign up for one of the MMTA committees. So many of the things we do, including publishing this newsletter and hosting events, wouldn’t happen without the support of our committee members who volunteer their time, expertise and skills. You are all valuable resources for the Association and membership and we could use your help. The committees are open to both Active and Associate Members. A sign up form with more information, including a list and description of each of the committees, is available HERE.vo

lunt

eer t

oday

!

September 2011 page 2

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At the Association of Public Treasurers of the United States and Canada (APT US&C) annual conference held in Oklahoma City, Oklahoma in July, Margaret Birch, Treasurer of Waterford Charter Township, was reelected as a Director and Matthew Horning, Treasurer of the City of Ann Arbor,

was elected Treasurer of the Association. MMTA members are very fortunate to have these two individuals representing them in this international association. Blinda Baker, Clerk/Treasurer of the City of East Tawas, has been reappointed as APT US&C Parliamentarian. Michigan also has many

members serving on the various APT US&C committees and subcommittees. Serving on a committee is a good way to become involved in the APT US&C and earn CPFA points. A committee application is available on the APT US&C website: aptusc.org.

MMTA WELL-REPRESENTED ON APT US&C BOARD

September 2011 page 3

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APT US&C CONFERENCESubmitted by Blinda BakerCity of East Tawas

Nine members from Michigan attended the annual APT US&C conference held in Oklahoma City, Oklahoma July 24-27 2011. It was an outstanding educational conference.

The conference began on Sunday with both Basic and Advanced Treasury Academies, the Certified Public Funds Investment Manager Accreditation program and committee meetings. The keynote speaker on Monday was Todd Huston, a man who, at the age of 14, had his legs caught in the propeller of a boat. He eventually had to have one of his legs amputated but that didn’t stop him from completing a world record-setting Summit America expedition by climbing the highest elevations of all 50 states in only 66 days, 22 hours and 47 minutes. His presentation was a lesson in positive thought, determination, and always striving to achieve more in life. There were also numerous concurrent sessions throughout the day in Investment Management, Cash Management, Debt Management and Technology.

The focus on Tuesday was Disaster Preparedness Planning and Disaster Recovery. The morning began with a session by Steve Hewitt who was the City Manager of Greensburg, Kansas on May 4, 2007 when one of the strongest tornadoes on record obliterated almost every house, telephone pole, tree and business in the City, leaving 11 people dead and most of its residents homeless. Mr. Hewitt reported on the successful efforts to rebuild Greensburg as a model “green” community. His story was fascinating and he continues to advocate for building sustainable communities. Following Mr. Hewitt’s presentation was an excellent Disaster Preparedness Planning session presented by Jim Bell, former APT US&C President and Director of Finance for the City of Vandalia, Ohio. Attendees were then enthralled by a Survivor Panel that included a presentation by Carolyn Stager, current Executive Director of the Oklahoma Municipal League, who was a survivor of the May 3, 1999 tornadoes that devastated Moore, Del City and South Oklahoma City, Oklahoma. Ms. Stager’s book, Twist of Faith, describes her experiences in the loss of her home, recovery from her severe injuries and her career path since the storms. It is a truly remarkable story of determination and courage

from this truly remarkable woman. Another member of the Survivor Panel was Humphreys Munai who was on a missionary assignment near Port-Au-Prince, Haiti when the devastating earthquakes destroyed the capitol city in 2010. Rounding out the panel was Russell Claus, Planning Director for Oklahoma City, who discussed the impact of the 1995 terrorist bombing of the Murrah Federal Building in downtown Oklahoma City, how the City responded, how the City’s core infrastructure and environment were affected and how it is being rebuilt from planning and financial perspectives. Optional training opportunities were available Tuesday afternoon including the Advanced Certified Public Funds Investment Manager Accreditation program, Cash Handling Certification program, and Fund Balance Reserve and Debt Policy Certification programs.

Wednesday was a full day of concurrent sessions in Investment Management, Cash Management, Debt Management and Technology.

The Oklahoma Association of Public Treasurers was very excited to host the annual conference and provided many wonderful opportunities for networking. These events including “An Evening in the Sky” at the Petroleum Club of Oklahoma City which is located at the top of the Chase Tower offering a panoramic view of Oklahoma City; “An Evening of Oklahoma Wonders” with live entertainment in the Cox Convention Center; “An Evening in Memory” at the Oklahoma City National Memorial & Museum. This memorial and museum were built as a tribute to those who were killed, those who survived and those who were changed forever by the April 19, 1995 bombing of the Alfred P. Murrah Federal Building. The Memorial Museum allowed attendees to experience that day and those that followed through the voices, images and artifacts of survivors, family members and rescue workers. It was truly a highlight of the conference and definitely reinforced the conference theme, “The Will to Survive, the Skill to Succeed.”

September 2011 page 4

MMTA in the UP was held in the beautiful city of Marquette on the Northern Michigan University’s campus on August 5, 2011. Presenters for the full day event included: Julie Gust, from Talmer Bank and Trust who reassured attendees on the financial health of the financial industry. Gogebic County Treasurer, Sue Pertile shared insights into foreclosures with special assessments. MMTA Board of Director Matt Horning, Treasurer from the City of Ann Arbor provided an informative Legislative Update. The afternoon continued with a webinar presentation about Governor Snyder’s Dashboard requirements. This was presented by Citizens Research Council member, Eric Lupher. A review and update of GASB changes focusing on GASB 54 and municipal accounting standards, was presented by Michael Grentz, CPA, with Anderson, Tackman & Company. The day finished with a round table, Treasurer to Treasurer discussion, which is always an interesting time. You never know what question or topic will be discussed.

As it would be impossible to provide a quality event without assistance, I would like to thank the presenters for traveling to Marquette and sharing their knowledge and expertise with the group. It was great that the several of the presenters stayed the entire day and sat in on other sessions. Some input from these other professionals gave a different perspective on the information that was already being presented. I also wish to thank Diane Giddens, City of Marquette and Anne Giroux, Marquette County for their help in planning and hosting the 2011 Annual MMTA in the UP Education Event. I could not have done this without your assistance.

Sincerely,

Janice ThelenJanice Thelen, MMTA Immediate Past PresidentWatertown Charter Township Treasurer

Thank youMMTA in the U.P.

MMTA MERCHANDISE(Support the MMTA Scholarship Fund)there is still time to purchase your mmta wear before fall Conference. remember, it gets chilly on the island! What better to keep you warm and show off our organization then a fleece pullover or a nice warm sweatshirt! and let’s not forget the polo shirts for those that like to keep it cool, they are awesome for golf! We still have travel mugs that keep your coffee hot and really great duffle bags for bringing home those souvenirs.

merchandise can be purchased by contacting our membership Chairman, Barb fandell and items will be shipped directly to you! We will not be selling at the Fall Conference, so order now!

ITEMS AvAIlAblE ARE: Black and Blue polo Shirts ...................................$22 (available in Men and Women’s cuts) navy and Lime green Hooded Sweatshirts .........$25 Burgundy fleece pullovers ...................................$30 Coffee travel mugs...............................................$15 NavyBlueDuffleBags............................................$7 memo pads ..............................................................$2 green Shopping Bags ..............................................$1 mmta Lapel pins ..................................................$2

Contact Barb Fandell for ordering information & sizes at:City of Ithaca, 129 W. Emerson Street, Ithaca, MI 48847989-875-3200 or by email at bfandell@ithacami.com

We accept Credit Cards (Visa/MC) and checks. A $6.00 shipping fee will be added to orders.

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September 2011 page 5

governor Snyder is targeting personal property tax as the new big tax reform, getting rid of over $800 million in tax on industrial and commercial personal property including tax on utilities. Both sides of the personal property tax issue are being discussed. manufacturers just want the tax gone. then there is the ripple effect. School districts, followed by cities and counties, and then come the state share that goes

into the School aid fund. the list also includes intermediate school districts, townships, community colleges and villages. on the municipal sides, if you have personal property tax revenue, it could be another large hit to the revenue reductions. (See the article by philip o. mastin iii) So what would be the replacement for the revocation of personal property tax? there has not been an answer yet.

the community impact will vary. the importance of personal property tax depends on the economic makeup and the amount of industrial, commercial and utility property each municipality has. michigan is looking toward other states to see what they have done. options on how to replace the tax or if it will be phased out over time is yet to be seen.

Personal Property Tax

the Legislative Committee kicked off this august with a trip to marquette for the mmta in the u.p. conference on august 5th. the legislative update that was given to the attendees is available here: http://mmta-mi.org/resources.on august 10, the committee met at the michigan townships association headquarters in Lansing. the committee discussed various pending bills, proposed legislation and passed legislation. a synopsis of the material covered and related links are below:

Revenue Sharing and Economic Vitality Incentive Program

www.michigan.gov/treasury/0,1607,7-121-1751_2197---,00.html

PA 116 (Changes PA 312 - Binding arbitration)

www.legislature.mi.gov/(S(nqbmvlrfnxbmshe0u1qna555))/mileg.aspx?page=print&objectname=mcl-Act-312-of-1969

SB 322 (Allows shift of winter tax to summer bill)

www.legislature.mi.gov/(S(nqbmvlrfnxbmshe0u1qna555))/mileg.aspx?page=getObject&objectName=2011-SB-0322

PA 126 (Amends statutorily required hours for Treasurers)

www.legislature.mi.gov/(S(nqbmvlrfnxbmshe0u1qna555))/mileg.aspx?page=getObject&objectName=2011-HB-4436

PA 4 (Emergency Manager)

www.legislature.mi.gov/(S(nqbmvlrfnxbmshe0u1qna555))/mileg.aspx?page=getObject&objectName=2011-HB-4214

PA 54 (Union wages and benefits)

www.legislature.mi.gov/(S(nqbmvlrfnxbmshe0u1qna555))/mileg.aspx?page=getObject&objectName=2011-HB-4152

SB 201 (2inch rule for sidewalk defects)

www.legislature.mi.gov/(S(nqbmvlrfnxbmshe0u1qna555))/mileg.aspx?page=getObject&objectName=2011-SB-0201

SB 7 (Hard cap on health care costs)

www.legislature.mi.gov/(S(nqbmvlrfnxbmshe0u1qna555))/mileg.aspx?page=getObject&objectName=2011-SB-0007

www.mml.org/advocacy/inside208/post/8020-Healthcare-One-Pager-Now-Available.aspx

thanks to Bill anderson of the mta for his insights and for providing the venue for our meeting. for additional analysis of the legislation above and more, visit the mta at http://www.michigantownships.org/ and the mmL at www.mml.org/home.html.

legislative Committee

The Board of Directors and Fall Conference Committee are excited to invite you to attend the 2011 Fall Conference at the iconic Mission Point Resort on Mackinac Island. We have worked very hard to offer you a conference filled with relevant topics that are affecting Treasurers across our beautiful State.

On Sunday, we will start with our Past President’s Welcome Reception at 5:30pm. The reception will be held at the Cypress Room off the Main Lodge area. Light appetizers will be served and you will have time to network with your fellow treasurers. Dinner will be on your own following the reception.

Monday will start out with a presentation from John Kamins, of Foster Swift, on Significant Developments in Municipal Finance. This will be followed by Tom McGraw and Stacey Belisle (you may have heard them at Institute) enlightening us on how to properly handle employee issues, including Genetic Laws and Medical Marijuana. The always popular Bill Anderson will give us an update on happenings in Lansing and we will also hear about how easy it is to implement credit and debit card payments over the counter from Patty Melton (Point & Pay) and Bill Garner (BSA). Our annual business meeting will start at 3:30. Dinner will be on your own this evening and will be followed by evening networking events at Mission Point.

On Tuesday we will hear an update on the EVIP program and also on other areas of governmental transparency that all local municipalities will be eager to learn about from Brian Camiller of Plante Moran. This will be followed by an Economic Update from the highly respected Russell T. Price, of Ameriprise, who has presented around the Country. The afternoon will begin with our own banking associate members Kim Goethe, Nancy Robinson and Kate McDonald giving a banking matters update and end with the ever popular Al Mooney and Matt Horning giving a treasurer’s legislative update. The evening will include our Prime Award Presentation, followed by our banquet and evening activities.

We are very lucky to have Tim Cusack present on Wednesday morning. Tim is a new speaker to MMTA and will give us an inspirational and humorous end to our fall conference. Tim comes to us very highly recommended and we are looking forward to hearing what he has to say.

We hope that you can come! Please plan on joining your peers at a place that has always represented Michigan at its BEST. You will return to your jobs better informed, re-energized and remembering why the State of Michigan is still and will always be, very special!

Kim McKay, MiCPTFall Conference Chair

MMTA 33RD ANNUAL FALL CONFERENCE

2011 page 6

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2011 page 7

AN UNINTENDED CoNSEqUENCE of ElIMINATINg PERSoNAl PRoPERTy TAx IN MICHIgAN by: Phillip o. Mastin III, Director, Wayne County Equalization Thursday, August 11, 2011, Reprinted with permission

michigan leaders are currently considering the elimination of personal property taxes in michigan. the purpose of this paper is not to espouse the author’s personal tax philosophy, nor is it intended to address the greater issueofwhatconstituteseffective taxpolicy forfinancing localgovernment.Thepurposeof thispaperis to shed light on an ancillary issue that should be included in any discussion regarding the full impact of the elimination of the personal property tax on local and school revenue, especially if the intent of the State’s leadership is to identify and replace lost revenue resulting from the proposed elimination of personal property taxes. read entire document...

September 2011 page 8

Congratulations... 2011 APT US&C CertificationsCertified Public Finance Administrators

Irene M. Antoniewicz ......................................................................................................................... City of Marine City Margaret Birch ................................................................................................................Charter Township of Waterford Dianne M. Burnett .................................................................................................................................City of Tecumseh Douglas W. Drysdale .............................................................................................................................. City of Riverview Irv M. Lowenberg .................................................................................................................................. City of Southfield Teresa A. McWilliams ...........................................................................................................................City of Royal Oak Gina Olszewski ............................................................................................................................................Ada Township Michael J. Pettigrew .............................................................................................................................City of Ann Arbor Joan M. Rattray........................................................................................................................ Huron Charter Township Traci L. Snyder ........................................................................................................................................City of Wyoming

CPFA RenewalsSusan J. Arnold .........................................City of Hillsdale Rand D. Bowman ........ South Central Michigan Planning Teresa Cischke ..........................................City of Plymouth Sharon Dolmetsch .......................................City of Livonia Deborah J. Ellenwood............................Algoma Township Susan L. Gross ................Charter Township of Commerce Karen Hebert ................................................City of Alpena Katherine A. Oehring ..........................City of Wood Haven Marie A. Sherry ........................................Village of Dexter Rhonda S. Sommers ..........Frenchtown Charter Township Matthew L. Storbeck .................................... City of Otsego Ronald J. Tobey ...........................................City of Owosso Korina L. Tucker ................................... Thomas Township

Congratulations to Margaret Birch, Waterford Charter Township, and Matthew Horning, City of Ann Arbor, for your elections to the Board of Directors for the Association of Public Treasurers of the United States and Canada. Margaret was re-elected to the position of Director and Matthew was elected as Treasurer at APT US&C’s Annual Conference in July. We’re fortunate and proud to have you representing our state and association at the national level!

We would also like to recognize Blinda Baker and Annge Klinger, both from the City of East Tawas, who were the 2011 recipients of APT US&C’s Service Award for their outstanding voluntary participation in furthering the purposes of the association. You make our state and association proud!

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September 2011 page 9

3 3 r d A n n u a l F a l l C o n f e r e n c e

October 2-5, 2011Mission Point ResoRt | Mackinac island, Michigan

MiChigAn MuniCipAl TreAsurers AssoCiATion

Get the point, at the Point!

Get the point, at the Point!

for educational sessions on current trends and networking at the

Michigan Municipal Treasurers Association 33rd Annual Fall Conference!

Join Us...

conference schedule

Sunday, OctOber 211:30 to 3:30 pm GOLF OuTING - ThE MACkINAw CLub 11891 N. Mackinaw hwy Carp Lake, MI 49718

4:00 to 5:30 pm EARLy REGISTRATION

5:30 to 6:30 pm PAST PRESIdENT’S wELCOMING wINE & ChEESE RECEPTION

MOnday, OctOber 37:00 to 8:15 am bREAkFAST buFFET

7:30 to 8:30 am REGISTRATION

8:30 to 9:00 am wELCOMING COMMENTS

9:00 to 10:30 am SIGNIFICANT dEvELOPMENTS IN MuNICIPAL FINANCE John kamins, Foster Swift

10:45 to noon GENETIC LAw/MEd MARIJuANA/FMLA Tom McGraw and Stacey belisle, McGraw Morris P.C.

noon to 1:00 pm LuNCh

1:10 to 2:10 pm whAT’S hAPPENING IN LANSING? bill Anderson, Michigan Townships Association

2:15 to 3:30 pm OTC dEbIT/CREdIT CARd SOLuTIONS bill Garner, bS&A and Patty Melton, Point & Pay

3:30 to 5:15 pm ANNuAL buSINESS MEETINGS

8:00 to 12:00 am NETwORkING EvENT

Please note that Monday night dinner is on your own.

tueSday, OctOber 47:00 to 8:15 am bREAkFAST buFFET

7:30 to 8:30 am REGISTRATION

8:30 to 10:00 am ECONOMIC vITALITy INCENTIvE PROGRAM (EvIP) uPdATE brian Camiller, Plante Moran

10:15 to 11:45 am ECONOMIC uPdATE Russell T. Price, Ameriprise

noon to 1:15 pm LuNCh – CPFA AwARdS RECOGNITION

1:30 to 3:00 pm bANkING MATTERS PANEL dISCuSSION Nancy Robinson, Comerica bank kim Goethe, Flagstar bank kate Mcdonald, JP Morgan Asset Management

3:15 to 4:45 pm MMTA LEGISLATIvE COMMITTEE PANEL

6:00 to 7:00 pm MMTA RECEPTION

6:30 to 6:45 pm MMTA PRIME AwARd PRESENTATION

7:00 to 9:00 pm MMTA bANquET & PROGRAM

9:00 to 12:00 am ENTERTAINMENT & NETwORkING

WedneSday, OctOber 57:00 to 8:15 am bREAkFAST buFFET

8:30 to 10:00 am “whO ARE yOu….REALLy?” Tim Cusack

10:15 to 11:30 am “ONE MOMENT PLEASE” Tim Cusack

11:30 to 11:45 am CLOSING COMMENTS

3 3 r d A n n u a l F a l l C o n f e r e n c e October 2-5, 2011 Mission Point ResoRt | Mackinac island, Michigan