2023 Annual Conference Sessions: Treasury and Investment Management
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Sessions for Sunday, May 21
The Importance of PCI Compliance
Are you PCI compliant? Governments that accept credit/payment cards have a responsibility to comply with credit card acceptance protocols to prevent fraudulent transactions. These “PCI Compliance” rules continue to evolve and affect every access point where cards are accepted such as online, in person, over the phone, at kiosks, and more. Governments that do not meet these standards can face fines or significant risk. Attend this session to learn about current and upcoming PCI compliance protocols and best practices to implement at your government.
Sessions for Monday, May 22
Communicating The Realities of Your Investment Report
Governments produce investment reports for internal and external audiences, but the story told by the investment report can be misleading if looking at the numbers alone. This session will discuss best practices in developing investment reports as well as how to convey nuances, such as realized and unrealized gains, in their proper context.
Surface Tension: Fairness and Water Billing
Water is a basic human need, and there will always be tension between ensuring that everyone in a community has access to it and that residents are paying their "fair share" for it. The tension increases when we recognize that people have different definitions of fairness. This session will explore new models for water billing that can help local governments balance the need for adequate revenue to support their water system with the need to ensure access to water for lower-income residents.
Getting Your Money Safely to and Kept in Your Bank
When it comes to getting currency to the bank, many governments are facing obstacles with contracting for armored carriers and now encounter challenges in safely depositing these funds. This session will discuss ways to make prompt and safe cash deposits; alert attendees on FDIC account limits and changing depository banking practices; and ways to perform due diligence to ensure that your bank is in good financial standing.
Navigating Wisely Through the Changing Investment Terrain
There have been significant changes in the public investment landscape over the past year. This dynamic market will likely continue, and governments should be aware of market and Federal Reserve policy dynamics that are impacting and will continue to impact public funds investing. Experts will provide attendees with insights into market conditions, what to be aware of in the months ahead, and why robust best practices for investment policies and strategies are so important.
Sessions for Tuesday, May 23
The Importance of Cash Flow Forecasting
Did you know that most local governments do not prepare appropriate cash flow forecasts? GFOA’s best practice on cash flow forecasting discusses the importance of developing forecasts to ensure your entity’s payables and liquidity needs are met. Governments can use simple tools to forecast their largest inflows and outflows to avoid liquidity risks and develop practical short-term and long-term investment strategies. This session will provide attendees with key takeaways on the importance of cash flow forecasting, show how to develop a simple forecast, provide peer examples of forecasting methods, and advise on how to get started or improve your entity’s current cash flow forecasting program.
Session Material: Grand Rapids Cash Flow Case Study
Sessions for Wednesday, May 24
Stopping Fraud Before it Stops You
Unscrupulous actors are attempting to infiltrate government’s treasury operations in many ways. No organization is safe or completely protected. It is imperative to make sure your entity has both appropriate policies and procedures to prevent fraud and an action plan if it occurs. This session will provide guidance on how to implement effective policies and practices to help prevent all types of fraudulent activities and better protect your organization.
