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CAJPA Finance & Technology Spring Technical Workshop Program

Downloadable Agenda

Wednesday, May 2, 2012

12:00 p.m. to 1:00 p.m.
Registration & Lunch

1:00 p.m. to 2:15 p.m.
Staying a Step Ahead of Technology
Jeff K Bills, President and CEO, Confidence Consulting
Jeff Bills’ focus is to help board members, CEOs and leadership teams reach new levels of success during this time of ever-evolving technology. He’ll provide new insight into future trends that will allow attendees to become more adaptable, flexible and successful. He will also share social, cultural, business and organizational trends that will impact what JPAs do and how JPAs can be successful in the current environment.

2:15 p.m. to 2:30 p.m.

2:30 p.m. to 3:30 p.m.
Cloudy with a chance of sunshine. Finding the silver in the lining.
Frank Ono, President, The iFish Group
The emergence of cloud services has left many executives and IT management pondering whether to cloud or not to cloud. Faster delivery of IT solutions, access to skilled technical resources and lower operational costs are key drivers behind the adoption of cloud services but organizations are weary of the messages parroted by cloud providers. Session presenter Frank Ono, President of The iFish Group, will break down the landscape of cloud service offerings and highlight differences between private, public and hybrid clouds and the types of services offered by each.

3:30 p.m. to 3:45 p.m.

3:45 p.m. to 5:00 p.m.
Technology to the Rescue: The Role of Technology in Addressing Pool Management Challenges
Like all public entities in this economy, risk pools are facing more than just the usual challenges. Responding to them requires innovative approaches. The practical use of technology can be a great help or sometimes a significant hindrance. A group of pool technology experts representing the CAJPA Technology Committee will summarize their views of the current and future challenges that public insurance pools face and discuss how technology might be used to help (… or hurt).

5:00 p.m. to 6:00 p.m.
Sponsored by CHSI Technologies
Join us for a reception featuring cocktails and appetizers while networking with your fellow CAJPA members and workshop speakers.

Thursday, May 3, 2012

7:30 a.m. to 8:30 a.m.
Registration & Breakfast

8:30 a.m. to 8:35 a.m.
Welcome & Opening Remarks
Marianne Stuart, CSAC-EIA, Chair, CAJPA Finance Committee

8:35 a.m. to 9:35 a.m.
Estimating Interest Earnings for Budgeting
Jayson Schmitt, CFA, Senior VP, Portfolio Manager, Chandler Asset Management
Jayson Schmitt will discuss methods to estimate future interest earnings, the connection to claim liabilities and discount rates.

9:45 a.m. to 10:45 a.m.
Discounting Your Claims: Is Your Rate Too High?
James Marta, CPA, ARM, Principal, James Marta & Company
A review of the cash flow effects of discounting and the gap that occurs when you discount at one rate and earn at another. The session will review a sample of payouts and earning scenarios, explore things to consider when selecting a discount rate, and review the sensitivity ofthe discounting assumption and related cash flows.

11:00 a.m. to 12:00 p.m.
California Budget and Legislative Update
Julianne Broyles, CAJPA Legislative Advocate
This session will provide an update on the status of the California State Budget and legislative issues. Julianne Broyles of California Advocates monitors legislation and advocates CAJPA’s positions on key issues relevant to JPAs and their members.

12:00 p.m. to 1:00 p.m.

1:00 p.m. to 1:45 p.m.
Economic Update
Sarah Meacham, Senior Managing Consultant, PFM Asset Management, LLC
This session will look at economic indicators that give us an insight into the economic recovery, and are affecting today’s interest rates.

2:00 p.m. to 3:15 p.m.
Upcoming Changes to Pension Accounting
Kevin Wong, Shareholder, Gilbert Associates, Inc.
In June of 2011, the GASB released an Exposure Draft, Accounting and Financial Reporting for Pensions - an amendment of GASB Statement No. 27. Currently, no liability is reported if a governmental entity fully funds its annually required contribution or pays its contractually required contribution. Under the proposed approach, pension liability will soon be reported by governmental entities as employees earn their pension benefits and changes in pension liability will be immediately recognized as pension expense or reported as deferred outflows/inflows of resources, depending upon the nature of the change. Come see what the GASB has in store for your pool and its members!

3:30 p.m. to 4:15 p.m.
CALPERS’ Response to the GASB Exposure Draft on Pension Reporting and Recent Actuarial Change in Discount Rates
Fritzie Archuleta, ASA, MAAA, Senior Pension Actuary at Calpers

4:15 p.m. to 4:20 p.m.
Closing Remarks

If you are interested in presenting a topic at a future workshop or getting involved in the planning of the event, please contact Finance Committee Chair Dianna Sutton or Technology Committee Chair Carl Sandstrom.