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The NAST Treasury Management Conference meets annually and features
sessions on banking, cash management & investments,
college savings,
debt management, unclaimed property, and
other topics. Descriptions of
sessions held during the 2007 conference are listed below. Click on a
speaker's name to view their presentation.
Banking, Cash
Management & Investments
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- Improving Efficiencies in Cash
Management: Part 2
This session will explore critical success factors around bank
reconciliation, positioning and execution. Through shared best
practices participants will learn how to identify downstream
efficiencies that can be adopted in a modular format while part
of an overall office strategy.
Moderator:
Hon. James Lewis, New Mexico State Treasurer
Speaker:
David Dunmire, Vice President, Citigroup Global
Transaction Services
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- Making Sense of Investment Numbers
State Pension funds, prepaid tuition plans, and other trust
funds use various statistical measures to assist in making
investment decisions. This session will provide investment
decision makers with the tools to better understand the
assumptions behind various investment statistics in an easy to
understand manner.
Moderator:
Hon. Michael Fitzgerald, Iowa State Treasurer
Speaker:
Timothy A. Hope, Applied Research Analyst, Navellier &
Associates
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- Capital Markets Update
The economy has been on a roller coaster ride in recent weeks.
This session will review what happened, how it happened and how
public funds can best manage investments in the current
environment.
Moderator:
Hon. Michael Murphy, Washington State Treasurer
Speakers:
James Lacamp,
Senior Vice President, RBC Dain
Pat Reddell, Senior Vice President, RBC Dain
Marc Pfeffer, Chief Investment Officer, Milestone Capital
Management
Paige M. Wilhelm, Senior Portfolio Manager, Federated
Investors
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- Credit Card Security
A discussion of the risks involved in processing credit card
payments and retaining relevant data. States are major users of
credit cards, and this brings a wealth of liability and risk
management issues as governments seek to protect the security of
financial information. Industry experts will present the latest
techniques to minimize the chances of theft.
Moderator:
Hon. Braxton Powell, Virginia State Treasurer
Speaker:
Seana Pitt, Vice President, Global Merchant Policy & Data
Quality, American Express
Additional materials
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College Savings & Prepaid Tuition
Programs
- State of the States of College Savings Plans– Part 1
State officials will provide a comprehensive report on program
changes, innovations, major concerns and future issues.
Facilitators:
Betty Lochner, Director, Washington Guaranteed Education
Tuition
Kathleen McGrath, Director, Tuition Account Programs
Bureau, Pennsylvania State Treasury
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- State of the States of College Savings Plans – Part 2
(continued)
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- The Future of 529 Plans: Higher Education and
Affordability
College costs are rising faster than inflation and forcing
students to reconsider when they will attend and how they plan
to pay for college. This session will examine who will be going
to college in the future and how will tomorrow’s students be
different from today’s students?
Moderator:
Jacqueline Williams, Executive Director, Ohio Tuition
Trust Authority and Past Chair, CSPN
Speakers:
Eric Bettinger, Ph.D., Associate Professor of Economics,
Weatherhead School of Management, Case Western Reserve
University
Karl Eschbach, Ph.D., Interim Director of the Institute
for Demographic and Socio-Economic Research, University of
Texas, San Antonio
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- The Future of 529 Plans: How Do We Respond to The Trends?
The trends identified in the preceding session affect the
actuarial analyses of prepaid plans and the investment options
offered through savings plans. This session will examine how 529
plans can respond to these trends and help lower-income students
afford college. Additional topics will include the impact of
widespread tax parity and new technologies on the horizon that
may change the way 529 plans are designed and offered.
Moderator:
Jacqueline Williams, Executive Director, Ohio Tuition
Trust Authority and Past Chair, CSPN
Speakers:
Robert Crompton, Consulting Actuary, Actuarial Resources
Corporation
Pamela McNulty, Regional Director, TIAA-CREF
John Heywood, Principal, The Vanguard Group
Alan Perry, Actuary and Investment Consultant, Milliman,
Inc.
Andrea Feirstein, Managing Member, AKF Consulting, LLC
Joseph Hurley, CEO and President, Savingforcollege.com,
LLC
Bernie McNamara, Senior Vice President, Marketing and
Client Management, UPromise Investments, Inc.
Mary G. Morris, Executive Director, Virginia College
Savings Plan
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- Scholarships and Matching Grants: Staying True to the
Mission
As more states develop and implement scholarship and matching
grant programs they must consider the legal, operational and
financial issues of administering these programs. This session
will also examine how 529 plans can use scholarship and matching
grants programs to increase awareness of and participation in
their programs?
Moderator:
Scott Gates, Director, Kansas Learning Quest Program,
Kansas State Treasury
Speakers:
Mark Mathers, Director of Investments, Missouri State
Treasury
Brock Avery, Senior Attorney, Louisiana Office of Student
Financial Assistance
Scott Gates, Director, Kansas Learning Quest Program,
Kansas State Treasury
Jack Rayburn, Manager, Minnesota College Savings Plan,
and Senior Analyst, Minnesota Office of Higher Education
Bartt Stevens, Program Manager, Bright Start, Illinois
State Treasury
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- Program Oversight: How High Is the Bar?
This session will examine the difference between monitoring,
auditing and compliance and provide an overview of the oversight
that states should be exercising over in-house and outsourced
operations. Compliance with state unclaimed property laws,
monitoring program partners and who is responsible for
disclosure statements will also be included.
Speakers:
Mary Anne Busse, Managing Director, Great Disclosure LLC
Scott Gates, Director, Kansas Learning Quest Program,
Kansas State Treasury
Geraldine Long, Compliance Manager, Tuition Account
Programs Bureau, Pennsylvania Treasury
Patrick W. McKeon, Chief Compliance Officer, Upromise
Investment Inc.
CSPN Website Presentation
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- Increasing Systematic Investments in 529 Plans
This session will explore how we can make 529 plan contributions
an integral part of every benefit package. The discussion will
focus on hurdles that employers face in initiating a 529 payroll
deduction program and how 529 plans can help to eliminate them.
How can?
Moderator:
Hon. W. Daniel Ebersole, Georgia State Treasurer
Speakers:
Lynne Ward, Associate Executive Director, Utah
Educational Savings Plan
Mary Cusick, Director Marketing and Sales, TIAA-CREF
Judy Minsk, Senior Vice President and Marketing Manager,
Education Savings, Putnam Investments
Deborah Goodkin, Director, Legg Mason Investor Services
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Debt Management
- Federal Regulatory Update in the Municipal Market
The principal regulators of the municipal market will discuss
recent activities and new initiatives.
Moderator:
Hon. Tate Reeves, Mississippi State Treasurer
Speakers:
Frank Chin, Chairman, Municipal Securities Rulemaking
Board
Lynette Hotchkiss, Executive Director, Municipal
Securities Rulemaking Board
Cliff Gannett, Director, Tax Exempt Bond Division,
Internal Revenue Service
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- Law Review: KY v. Davis - Issues and Implications
Hear a first-hand account of the oral arguments in
Kentucky v. Davis and the legal arguments underpinning the
states’ contention that Kentucky’s tax policy does not violate
the U.S. Constitution. Consider the possible implications of the
Court's decision, whether it rules for or against the state's
position.
Moderator:
Hon. Frank Caprio, Rhode Island General Treasurer
Speakers:
Ken Roberts, Hawkins, Delafield & Wood LLP
Christopher Trower, Counsel of Record, Kentucky v. Davis,
Commonwealth of Kentucky
Mike Solet, Member, Mintz, Levin, Cohn, Ferris, Glovsky
and Popeo, P.C
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- Interest Rate Swaps
The session will consider interest rate and other market risks
and the use of swaps to mitigate issuers’ exposure.
Moderator:
Kurt Kauffman, Debt Manager, Ohio Office of Budget and
Management
Speakers:
Peter Shapiro, Swap Financial Group
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- Capital Markets Update
The bond market has been on a roller coaster ride for much of
2007. This session will consider what affect the subprime
mortgage collapse has had on bond insurers and the demand for
bond insurance.
Moderator:
Hon. Kate Marshall, Nevada State Treasurer
Speaker:
Mike Ross, Senior Municipal Desk Analyst, Morgan Keegan
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- Funding Public Infrastructure
Review the experiences of two states in addressing the costs to
repair or replace aging infrastructure. Consider the financing
options - and the credit implications of such options -
available to states, including public-private partnerships, tax
increment financing, traditional leveraging and securitization,
and learn more about federal initiatives that may help states
solve their infrastructure challenges.
Moderator:
Hon. Richard Mourdock, Indiana State Treasurer
Speakers:
Hon. Robin Wiessmann, Pennsylvania State Treasurer
Richard Ellis, Deputy State Treasurer, Utah State
Treasury
David Horner, Deputy Assistant Secretary for
Transportation Policy, U.S. Department Of Transportation
Richard Raphael, Executive Managing Director, Fitch
Ratings
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- OPEB Update
States are well along in confronting OPEB disclosure
requirements. The session will review state progress and
consider risk to states credits from these liabilities.
Moderator:
Hon. Nancy Kopp, Maryland State Treasurer
Speakers:
Robin Prunty, Director, Standard & Poor’s
State Treasurers Roundtable Review of State Activities
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Unclaimed Property
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- Presumption of Abandonment in the
Electronic Age
As millions of consumers conduct business over the
Internet and by other electronic methods, will the definition of
abandonment change? Will owner-generated activity be redefined?
Do state statutes already accommodate such activity? A forum for
the exchange of ideas will be valuable to all attendees.
Moderator:
Hon. Jeb Spaulding, Vermont State Treasurer
Speaker:
Lynden Lyman,
Managing Director, ACS Unclaimed Property Clearinghouse
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- Compliance in the Unclaimed Property Community
Unclaimed property programs work to ensure that funds from
companies are remitted in a fair and timely manner. The reality
of the current landscape, emerging trends, and best practices
will be thoroughly examined. How outreach programs to holders
work will be one of many subjects covered. Dialogue will be
encouraged regarding what improvements can be made.
Moderator:
John Gabriel, Director of Unclaimed Property, Tennessee
State Treasury
Speakers:
Vicki D. Bridgeman, Director of Unclaimed Property,
Virginia State Treasury
Barbara Briody, President, Unclaimed Property
Professionals Organization
David J. Epstein, Special Consultant, ACS Unclaimed
Property Clearinghouse
Karen Gurzenda, Senior Division Manager, Bureau of
Unclaimed Property, Pennsylvania State Treasury
Celeste Monahan, Program Manager, Washington State
Department of Revenue
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- Unclaimed Property Reporting
In Transition
Unclaimed property stakeholders will
explore how more uniformity among the programs’ reporting
requirements will make the process more efficient. What are the
next strategic steps? What new developments are just around the
corner? Many components of the reporting environment will be
discussed.
Moderator:
Kim Oliver, Unclaimed Property Administrator, Utah State
Treasury
Speakers:
Ron Crouch, Unclaimed Property Administrator, Idaho State
Tax Commission
Deborah Hopkins,
Vice President of Compliance, Fiserv, Inc.
Ron Schubin, Director,
Holder Education & Research, Office of Unclaimed Funds, New York
State Comptroller
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- Technology and New Implementations – Part 1
Technology is ever-evolving and unclaimed property programs want
to make use of all practical opportunities that are available.
As many programs re-engineer systems and procedures, it is vital
to hear what works, what doesn’t, and what is on the drawing
board from professionals on the leading edge.
Moderator:
Lawrence Schantz, Director, Office of Unclaimed Funds,
New York State Comptroller
Speakers:
Peggy Hanna, Deputy Assistant State Treasurer, Kansas
State Treasury
Joshua Joyce, Esq., Director of Unclaimed Property,
Illinois State Treasury
Benny Spann, Unclaimed Property Director, Louisiana State
Treasury
Randy Stroede, VP, Client Service & Consulting, ACS
Wagers Unclaimed Property Systems
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- Technology and New Implementations – Part 2
Status of States Facing Litigation for Payment of Interest on
Unclaimed Property Claims
Moderator:
Carolyn Atkinson, Assistant General Counsel, West
Virginia State Treasury
Speaker:
Maura Powers, Assistant Attorney General, Financial
Litigation Division, Attorney General of Texas
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- Uniformity and Standardization
Committees and subcommittees within NAUPA have accomplished
significant tasks since beginning work in 2006. The status of
ongoing and new projects will be reported. As we work with other
like-minded organizations, what goals do we set next? Bring your
questions and ideas as we explore what can be achieved to bring
more uniformity to unclaimed property.
NAUPA Standard Relationship
Codes
Moderator:
Stephen Larson, Deputy Treasurer, Iowa State Treasury
Speaker:
Karen Anderson, Vice President, Unclaimed Property
Recovery & Reporting
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- Legislative and Legal Overview of the Unclaimed Property
Year
The status of current trends in state legislative activity will
be provided and legal challenges to unclaimed property program
rules and statutes will be reviewed. New requirements for
holders, stored-value card concerns, federalism, and legal
actions by states will be reviewed along with other relevant
issues.
Moderator:
Carolyn Atkinson, Assistant General Counsel, West
Virginia State Treasury
Speakers:
Suzanne Darling, Vice President of Strategic Initiatives,
ACS Unclaimed Property Clearinghouse
Rob Huarte, Chief, Division of Collections, California
State Controller
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- The Relationship between Tax-Advantaged
Assets and Unclaimed Property
Americans are investing in an increasing array of investment
vehicles such as IRAs, annuities, mutual funds, pensions,
deferred compensation plans, and college savings accounts. Do
state statutes provide clarity as to how these assets are to be
reported, remitted and ultimately claimed? What accounts are
governed by ERISA? A detailed analysis will be presented for
consideration and feedback.
Moderator:
Stephen Larson, Iowa Deputy Treasurer
Speakers:
Robert P. Krenkowitz, Executive Consultant, ACS Unclaimed
Property Clearinghouse
Carolyn E. Smith, Counsel, Alston & Bird LLP
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Miscellaneous Topics
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- Champions of Financial Literacy
Examine methods that State Treasurers have used to become
recognized as champions of financial literacy. Understand how
they selected priorities, developed an organizational structure,
and implemented their programs
Moderator:
Hon. Kelly Schmidt, North Dakota State Treasurer
Speakers:
Hon. John D. Perdue, West Virginia State Treasurer
Hon. Vernon Larson, South Dakota State Treasurer
Michele Pearson, Director of Community Education, Ohio
State Treasury
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- Developing Partnerships for Financial Literacy Programs
Learn about financial education programs that are being
implemented by private sector firms and understand how you can
partner with these firms to promote financial literacy in your
state.
Moderator:
Hon. Kelly Schmidt, North Dakota State Treasurer
Speaker:
Jason Alderman, Corporate Relations, Visa USA
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- Leveraging Technology to Promote Financial Literacy
This session will focus on how state treasurers can promote the
use of the Tomorrow’s Money web site and continue to build upon
the success they have attained with the launch of the site.
Understand how to connect with site users and help them find the
tools they need to make educated personal finance decisions.
Moderator:
Hon. Kelly Schmidt, North Dakota State Treasurer
Speaker:
Kathryn Edmundson, Executive Director, The Bond Market
Foundation
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- Developing a Financial Literacy Program That Responds to
Current Events
Current events often necessitate the need for increased
financial literacy outreach. Review the Ohio Treasury “Save Our
Homes” program that addressees the recent foreclosures in the
housing market.
Moderator:
Hon. Kelly Schmidt, North Dakota State Treasurer
Speaker:
Michele Pearson, Director of Community Education, Ohio
State Treasury
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