1:30 pm

Welcome/Orientation

1:45 pm

Public Finance: Year 2017
An interactive exercise on what the “finance” function of state and local governments will look like in 2017.

Dr. Don Haider, Professor of Public Management; Director of the Program in Public and Nonprofit Management
Kellogg School of Management, Northwestern University
Dean, National Institute for Public Finance

3:00 pm

State Spending Pressures
A systemic review of the pressures on state budgets coming from Medicaid growth, pension funding, and education reform.

Therese McGuire, Professor of Management & Strategy Kellogg School of Management, Northwestern University
Editor of National Tax Journal

5:00 pm

Dinner
Dilemmas: the ethical environment of management
An interactive exercise dealing with ethical decisions that public officials face.

Albert Isenman, Professor of Management & Strategy; Director of Customs Programs,
Kellogg School of Management, Northwestern University

July 30, 2007 – Monday

7:00 – 8:30 am

Breakfast

8:45 am

Overview of the Day

Dr. Don Haider

9:00 am

Banking Services
A review of the fundamental elements in banking programs of state treasuries, including the selection, monitoring, and critiquing of banking services in the current economic climate.

Hon. Nancy Kopp
Maryland State Treasurer 

10:00 am

Cash Flow Forecasting
Developing a cash flow forecast is a fundamental task of any Treasury. This session will include a description of what cash forecasting is, why it's important, and provide examples of how three states assemble and use such a forecast

11:00 am

Cash Management and Short Term Investing
A review of the cash management functions of state treasuries including collection, disbursements, information systems and investments. This session will also focus on local government investment pools.

Hon. W. Daniel Ebersole
Georgia State Treasurer 

Noon  

Lunch 

1:00 pm

Future of Cash Management/ Banking Services
An examination of trends that will shape future banking relationships and services.

Paul LaRock, Principal
Treasury Strategies, Inc.

2:00 pm

Solutions in Cash Management and Banking
A class discussion with the day’s faculty regarding questions and solutions developed and implemented in treasury cash management and banking operations.

3:30 pm

Chief Financial Officer
Observations on the changing roles and responsibilities of a CFO in a publicly held firm.

Larry Hund, Vice President & Chief Financial Officer
Harley-Davidson Financial Services, Inc.

Late Afternoon

Class Field Trip

Evening

Dinner 

July 31, 2007 – Tuesday

7:00 – 8:30 am

Breakfast

8:45 am

Opening of the Day

Dr. Don Haider

9:00 am

Long term Investments
Reviews the elements of public sector investing, including defining the goals and objectives, selection of consultants, asset allocation study and monitoring performance

Hon. Dale Sims
Tennessee State Treasurer

10:00 am

A hands-on session that will enable the class to develop and examine an asset allocation strategy, enabling an understanding of the investment process and to develop the necessary skills that will enable them to make independent investment decisions.

Noon  

Lunch

1:00 pm

Corporate Governance
An examination of the roles and responsibilities of public boards and their members including trends and best practices.

Donald Jacobs, Dean Emeritus; Director, Zell Center for Risk Research; Gaylord Freeman Distinguished Professor of Banking

Kellogg School of Management, Northwestern University

2:00 pm

State College Savings Plans
A review of the college savings plans offered by states and an examination of current trends and issues affecting these programs.

Hon. W. Daniel Ebersole
Georgia State Treasurer

3:00 pm

Chicago 2016 - Share the soul!
On April 14, 2007, the United States Olympic Committee (USOC) announced that Chicago had won the right to represent the United States in the effort to host the 2016 Olympic and Paralympic Games. Get a behind the scene view of what is entailed in creating such a monumental task.

A class discussion with the day’s faculty regarding questions and solutions developed and implemented regarding days topics.

6:00 pm

Class Activities

August 1, 2007 – Wednesday

7:00 – 8:30 am

Breakfast

8:45 am

Opening of the Day

Dr. Don Haider

9:00 am

The Fundamentals of Debt Management

Highlights of the essential elements of debt management including, debt affordability, policy decision to guarantee or not, the role of each of the stakeholders in the issuance of debt, the official statement, and competitive vs. negotiated issuance of debt.

Walter Knorr, Vice President for Finance

University of Illinois

10:00 am

Credit Rating Issues

A review of the municipal market and an examination of how various economic factors affect the credit rating of state debt.

Claire Cohen

Public Resources Advisory Group

11:00 pm

Trends in Public Finance

Session will examine and discuss current trends in municipal finance that allows issuers to effectively manage public debt during times of fiscal constraint.

George H. Butcher, III, Managing Director
Goldman Sachs

Noon

Lunch

12:45- 5:00 pm

Class Field Trip - Chicago Board of Trade

Class Activities

August 2, 2007 – Thursday

7:00 – 8:30 am

Breakfast

8:45 am

Opening of the Day

Dr. Don Haider

9:00 am

Unclaimed Property
An overview of unclaimed property programs and a review of a state’s rights and obligations in the effective management of the program.  Additionally, key policy issues will be examined so that participants understand the issues that will shape unclaimed property programs in the future.

Hon. Jeb Spaulding
Vermont State Treasurer 

10:00 am

Financial Literacy Initiatives

An overview of various financial literacy programs operated by state treasuries designed to enhance the personal finance knowledge and skills of their citizens. Discussion will highlight the policy and operational issues of various programs, including; Bank at School, Women and Money conferences and other outreach activities.

 Solutions in Treasury Management

A roundtable discussion focusing on innovations in the state treasury.

11:30 am

Graduation