Leadership. Responsibility. Growth. Sustainability.
Program in partnership with the National Association of State Treasurers (NAST) Foundation
Leadership. Responsibility. Growth. Sustainability.
Program in partnership with the National Association of State Treasurers (NAST) Foundation

Curriculum

Intensive Public-Finance Curriculum Providing Crucial Insight and Cutting-Edge Strategies

The 2019 National Institute of Public Finance (NIPF) includes an intensive public finance curriculum, providing crucial insight into current public finance issues; developing the skills required for the future, free from commercial influence; and sharing ideas, best practices, and cutting-edge strategies. 

Participants in each track will complete:

  • Four core sessions (consistent across all educational tracks)
  • Eight track-specific sessions

2019 Curriculum Theme

The Successful Integration of Risk Management in Public Treasury Management and Finance

“It is essential in this ever-changing environment that we empower public-finance leaders with the right resources to effectively assess, navigate, and manage the key risk areas facing today’s high-performing public-finance organizations.” – Hon. David Damschen

Sunday, July 14

11:00 a.m.–2:00 p.m.
Registration
2:00–2:45 p.m.
Welcome to the 2019 National Institute of Public Finance
3:00–4:15 p.m.
Track-Specific Sessions
 
Governance Part I—What are the Ideal Principles of Good Governance and Fiduciary Responsibility (I&P)

This session will focus on identifying the organizational goal, ideals of good governance, identifying challenges and issues, and how to navigate these areas. The session academic lead will introduce relevant research. An expert panel will discuss case studies and relevant best practices and challenges.

Introduction to the Public Finance and Debt Management Track: The State of Public Finance (PFDM)

Treasurers and public finance experts will introduce the agenda for the track and discuss the scope of the municipal marketplace and the pressing current themes that shape the sector. Discussions will focus on significant issues facing public finance, in eluding liquidity, reporting and risk management, the current state of infrastructure policy and its consequences, the growing global influences of ESG, impact investing, and nontraditional investors.

Opening Session: Treasurers’ Panel (ETM)

State treasurers will discuss examples of principles and processes followed in key decisions they have made over the last few years. Discussions will include: How do Treasurers and Senior Staff make difficult decisions in light of their governance obligations and fiduciary duties? What does it mean to be a leader making the “right choice”? How do you make the best choice for your situation? Every process should be governed by principles. What are the principles that guide us in the process? What are the processes and principles in each of the practice areas covered by this Track?

Moderated by Gary Mangiofico, Ph.D., Executive Professor of Organizational Theory and Management, Pepperdine University Graziadio Business School

4:30–5:30 p.m.
Keynote/Fireside Chat
6:00–8:00 p.m.
Welcome Reception and Dinner

Monday, July 15

8:00–9:00 a.m.
Continental Breakfast
9:00–10:15 a.m.
Core Session: From the Treasurer’s Perspective
10:30–11:45 a.m.
Track-Specific Sessions
Portfolio Construction and Risk Sharing (I&P)

Learn best practices within Portfolio Construction and Risk Sharing with a special focus on liability influence. Specific examples will be shared and discussed.

Leading the Public Finance and Debt Management Functions: Governance and Transactions Processes for Results (PFDM)

Learn about best practices associated with the debt management process from inception to execution. The Interactive session will explore ways jurisdictions can improve communication, accountability, sustainability and transparency.

Principles Governing Cash Management

In this session, leaders will discuss how to build cash management/working capital programs and how to balance safety, liquidity and yield when considering short term investments (for any funds with a short-term component, typically referring to general fund, which would likely include cash management related to unclaimed property).

11:45 a.m.–1:00 p.m.
Lunch
1:00–1:45 p.m.
Track-Specific Sessions
Governance Part II—Example of Good Governance (Fireside Chat) (I&P)

Hear a first-hand discussion between two Chief Investment Officers around good governance implementation of a system built around risk-sharing with beneficiaries. Review various successes and challenges associated with this model.

The Growing Challenges of Holistic Liability Assessment and Risk Management—Part I: Measuring Exposure, Stress Testing and Adapting Policy (PFDM)

As a necessary part of forecasting and budgeting, measurement of liabilities in a comprehensive fashion is ever more critical, especially in a world with increasing legacy liabilities and scarcer resources. Participants will learn to build a holistic understanding of liabilities, stress test them and consider policy strategies.

Consumer Education and Messaging to Stakeholders (ETM)

This session will explore how we set standards for and implement consumer education (e.g., financial education and literacy, not necessarily limited to state-run investment plans such as 529, ABLE and Secure Choice). Are there risks in providing consumer education? Are there exemplary strategies for delivery education, perhaps through customer service?

2:00–3:00 p.m.
Track-Specific Sessions
 
Positioning for What is Next: Including Discussions focused on Active vs. Passive Management and Roles Where Skill is Rewarded (I&P)

Engage in strategic discussions around what is on the horizon for managing investments. The session will include research and information on key topics that will enable participants to prepare for what may be next.

The Growing Challenges of Holistic Liability Assessment and Risk Management—Part II: Strategies for Accountability Implementation (PFDM)

Participants will learn to create systems and processes to drive accountability and manage risks. A specific focus will be on driving best practices downstream to local governments. The session will use case studies and real experiences to highlight challenges and solutions.

Decision Making on Retirement Programs—Part I (ETM)

In this session, we will explore if retirement structures/models meeting the needs of stakeholders, trends in public plans (e.g., DB to DC issues), and solutions for private workers (e.g., Secure Choice).

3:00–4:15 p.m.
Track-Specific Sessions
 
Strategic Review of Sustainable Investing and ESG Strategies (I&P)

Explore the latest strategies in Sustainable Investing and how successful implementation of these strategies may be achieved in the portfolio.

Technological Innovation and Big Data: Is Anything Having an Impact? (PFDM)

Explore how emerging technologies and big data are modernizing public finance by improving transparency, easing the burden of disclosure, lowering borrowing costs, and globalizing access to capital. Participants will have the opportunity to engage firms at the forefront of this frontier and explore their experiences.

Decision Making on Retirement Programs—Part II (ETM)

In this session, we will explore if retirement structures/models meeting the needs of stakeholders, trends in public plans (e.g., DB to DC issues), and solutions for private workers (e.g., Secure Choice).

6:30–9:30 p.m.
Reception and Dinner at the Four Seasons Westlake Village

Tuesday, July 16

8:00–9:00 a.m.
Continental Breakfast
9:00–10:15 a.m.
Core Session: Rising to the Challenge
10:30–11:45 a.m.
Track-Specific Sessions
 
Governance: Alignment of Interest—Unintended Consequences (I&P)

Engage in a strategic discussion, focused on Alignment of Interest within the governance models and review unintended consequences that may occur within decision-making and implementation. Topics will include fees and transparency, walkthrough waterfall, and insource vs. outsource.

Financial Institutions and Capital Markets Evolutions (PFDM)

Explore the landscape of the capital markets structure and current conditions with a special focus on the evolving landscape of participants, mapping sources of federal support and communicating with investors in order to maximize access to capital.

Risk Management Challenges (ETM)

In this session, we will explore how you define “Enterprise Risk” and your agency’s exposure to it (e.g., operational, headline, cyber, litigation risks), the development of strategies for avoidance and mitigation, and office transitions, including changes in elected or appointed officials, as well as changes at senior staff levels.

11:45 a.m.–1:00 p.m.
Lunch
1:00–1:45 p.m.
Track-Specific Sessions
 
Governance: Performance/Benchmarking (I&P)

Explore the key role of benchmarking and importance of monitoring and adjusting this as needed over time. Additionally, this session will focus key components in overall monitoring and performance governance.

Legal and Regulatory Issues: Questions for MSRB and the SEC (PFDM)

Obtain leading legal insight and perspective on the challenging regulatory infrastructure. Key topics include the general regulatory environment, primary regulators and standard setters of international financial markets, the U.S. legal and regulatory environment, tax considerations, and bankruptcy laws. Interactive session will provide a Q & A with regulators on topical concerns.

Challenges with Unclaimed Property Reform and Protections of Consumers (ETM)

This session will cover leadership opportunities presented by legal reform and legislative initiatives, including opportunities to be leaders in protecting consumers.

2:00–3:00 p.m.
Track-Specific Sessions
 
Plenary Session: Public Finance and Investments Tracks—The Case for Financing Resilient Infrastructure—Part I (I&P)

The panel will explore how infrastructure needs are not only benefitting from but, increasingly, requiring assessment and ongoing reporting of resiliency. Investors will discuss how they incorporate resiliency into their investing process and examples of successful and not-so-successful collaborations in financings.

Plenary Session: Public Finance and Investments Tracks—The Case for Financing Resilient Infrastructure—Part I (PFDM)

The panel will explore how infrastructure needs are not only benefitting from but, increasingly, requiring assessment and ongoing reporting of resiliency. Investors will discuss how they incorporate resiliency into their investing process and examples of successful and not-so-successful collaborations in financings.

Governance, Corporate Engagement and Operational Issues (Program Transparency)—Part I (ETM)

This session will cover demonstrating leadership in governance and corporate engagement initiatives. Discussions will include partner/vendor selections (e.g., standards for MWDVBE participation), initiatives related to Treasury Management Systems (e.g., banking relationships/products or software solutions for integrated management), and the role economic development plays for Treasury Leadership.

3:00–4:15 p.m.
Track-Specific Sessions
 
Plenary Session: Public Finance and Investments Tracks—The Case for Financing Resilient Infrastructure—Part II (I&P)

The panel will explore how infrastructure needs are not only benefitting from but, increasingly, requiring assessment and ongoing reporting of resiliency. Investors will discuss how they incorporate resiliency into their investing process and examples of successful and not-so-successful collaborations in financings.

Plenary Session: Public Finance and Investments Tracks—The Case for Financing Resilient Infrastructure—Part II (PFDM)

The panel will explore how infrastructure needs are not only benefitting from but, increasingly, requiring assessment and ongoing reporting of resiliency. Investors will discuss how they incorporate resiliency into their investing process and examples of successful and not-so-successful collaborations in financings.

Governance, Corporate Engagement and Operational Issues (Program Transparency)—Part II (ETM)

This session will cover demonstrating leadership in governance and corporate engagement initiatives. Discussions will include partner/vendor selections (e.g., standards for MWDVBE participation), initiatives related to Treasury Management Systems (e.g., banking relationships/products or software solutions for integrated management), and the role economic development plays for Treasury Leadership.

6:15–9:30 p.m.
Reception and Dinner

Wednesday, July 17

7:30–8:30 a.m.
Continental Breakfast
8:30–9:15 a.m.
Core Session: The Straus Institute
9:30–11:45 a.m.
Track-Specific Sessions
 
CIO Roundtable: Theory vs. Practice—Where the Rubber Meets the Road (I&P)

This session will focus on key takeaways and general Q&A; ask the CIO, key governance principles, and advocating and defending best practices. Investor Board members and Academics wrap up the Program by reviewing key points from the overall sessions and discuss key things they are focusing on going forward.

Public Finance and Debt Management from the Top (PFDM)

This session will focus on key takeaways and general Q&A. Leading treasurers will moderate a discussion of the key insights and takeaways from the Public Finance and Debt Management track’s sessions and curriculum.

Lessons Learned (ETM)

Senior Staff participating in the Track will summarize key takeaways.

11:45 a.m.–12:00 p.m.
Institute Certificate Presentation and Wrap-Up

Be a part of this unique and impactful program!

Reserve your spot today to join the world’s most respected public finance leaders, and earn your Certificate in Public Treasury Management—the only certificate program designed exclusively for public treasury professionals and those who engage the public sector.

NIPF Public Finance and Debt Management session speaker