Program Outline

Wednesday, March 1

12:15 p.m. – 1:30 p.m.
Introduction and Overview
Lunch Provided *
   Michael Belsky and Christopher Berry
 

1:45 p.m. – 3:00 p.m.
Urban Economics and Growth
   C
hristopher Berry

3:00 p.m. – 3:15 p.m.
Coffee Break *

3:15 p.m. – 6:00 p.m.
Government Organization and Institutions
   Christopher Berry

6:00 p.m. – 7:00 p.m.
   Free Time

7:00 p.m. – 9:30 p.m.
Reception and Dinner *
   Featured Speaker:
   MarySue Barrett

   President
   Metropolitan Planning Council
Location TBA (walkable from Gleacher Center and Intercontinental Hotel)


Thursday, March 2

8:00 a.m. – 8:30 a.m.
Breakfast *

8:30 a.m. – 10:00 a.m.
Finance Fundamentals
   Paula Worthington

10:00 a.m. – 10:15 a.m.
Coffee Break *

10:30 a.m. – Noon
Class Exercise: Revenue
   Paula Worthington

Noon – 1:30 p.m.
Budgeting from a Practitioner’s Perspective
Lunch provided *
   Featured Speaker:
   Andrea Gibson
   Director of Project Management and Operational Excellence
   Cook County Health and Hospital Systems
   (former Budget Director, Cook County)

 

1:45 p.m. – 3:00 p.m.
Capital and Operating Budgets
   David Limardi

3:00 p.m. – 3:15 p.m.
Coffee Break *

3:15 p.m. – 6:00 p.m.
Financial Statement Analysis and Accounting
   David Limardi

6:00 p.m.
No Scheduled Events or Meals


Friday, March 3

7:30 a.m. – 8:00 a.m.
Breakfast *

8:00 a.m. – 9:00 a.m.
Overview of the Municipal Bond Market
   Featured Speaker:
   John Miller, CFA
   Managing Director, Co-Head of Fixed Income
   Nuveen Asset Managment

9:00 a.m. – 10:30 a.m.
Credit Analysis of Cities and Risk Assessment
   Michael Belsky

10:00 a.m. – 10:15 a.m.
Coffee Break *

10:15 a.m. – Noon
Credit Analysis of Cities and Risk Assessment - continued
   Michael Belsky

Noon – 2:00 p.m.
Closing Discussion
Lunch Provided *

   Christopher Berry and Michael Belsky
 

* Indicates meals included in conference fee

 

 

Across the three days of sessions, topics to be discussed include:

Urban Economics and Growth

• What underlies state and local government finances
• Defining the urban economy
• Sources of urban growth
• Competition amongst cities
• Real estate markets

Government Organization and Structure

• How governments are structured, as related to finances
• Intergovernmental relations
• Metropolitan governance and fragmentation

Public Finance Fundamentals

• Demand for public services
• Principles of taxation
• Property taxation
• Sales, excise and income taxation
• Business taxes
• Intergovernmental grants

Capital and Operating Budgets

• Components of the capital and operating budgets of state and local governments
• Budgetary process
• Major expenditure drivers: pensions and healthcare
• Multi-year capital budgeting
• Relationship of the budget to annual financial statements

Debt Financing

• Municipal bond market overview
• Types of bond financing
• Debt issuance process
• Credit analysis