School Building

Welcome to the California League of Bond Oversight Committees (CaLBOC). CaLBOC is an all volunteer, non-partisan association of Citizen Bond Oversight Committee (CBOC) members, current and past, who are interested in helping other CBOC members. CaLBOC was formed in 2006 by CBOC members trying to find better training to help perform their duties. CaLBOC is a 501(c)3 charitable organization.

Change: New Keynote Speaker: TIM SCHAEFER, Deputy Treasurer for Public Finance*

NEXT TUESDAY!
CaLBOC – 5th Annual Statewide Conference
May 31, 2016, Tuesday

Theme: "Getting It Right - Successful Bond Programs"

Location: The California Chamber of Commerce (CalChamber)
1215 K Street, Sacramento, CA 95814

Keynote Speaker: TIM SCHAEFER, Deputy Treasurer for Public Finance*


A G E N D A

9:30 am - Registration

10:00-10:15 am INTRODUCTORY REMARKS -
Welcome: Michael Turnipseed, CaLBOC President

10:15-11:00 am - Public Accountability for Public Bonds:  Is it Enough?
Co-Chair Fred Keeley

11:00-11:45am - 20 Years of Successful Citizen Oversight.
Tim Towers, Santa Clara Unified

11:45-12:15 pm - LUNCH: Catered by Plates Catering, an outreach effort of the St. John’s Shelter for Homeless Women and Children

12:15-1:00 pm - NEW KEYNOTE SPEAKER: TIM SCHAEFER, Deputy Treasurer for Public Finance*. Mr. Schaefer is the

1:00-1:15 pm - Presentation of the Anton Jungherr Award:
Michael Turnipseed, CaLBOC

1:15-2:00 pm -A Successful Construction Project Story,
Larry Adams, Santa Clara Unified

2:00-2:45 pm -Construction Performance Audits: How to Achieve Your Construction Program Goals Curtis Mathews, Moss Adams.

2:45-3:00 pm - CLOSING REMARKS: Michael Turnipseed,

CaLBOC $50 per person, includes lunch & refreshments
Register Now - Limited Seating
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*Last week, State Treasurer John Chiang confirmed that he would be the Keynote Speaker at this year’s CaLBOC Statewide Conference. I have just received word from his staff that Mr., Chiang has had “a personal conflict come up forcing the Treasurer to pull out of the conference on May 31st..” Mr. Chiang did not leave us empty handed. He suggested that Deputy Treasurer Tim Schaefer, his resident expert on bond accountability, pinch hit for him. We thankfully accepted his offer.

Mr. Schaefer is the Deputy Treasurer for Public Finance at California State Treasurer's Office since January 2015. Mr. Schaefer was Chiang's senior financial advisor in the treasurer's previous role as controller. He was founder of Magis Advisors, a public finance consulting firm in Orange County, Calif., has more than 40 years of experience in the municipal securities industry. Prior to working as a financial advisor, he managed the national municipal trading desk at Chemical Bank in New York City and the public finance division of Bank of America in San Francisco. During his 20 years on the technical assistance committee to the California Debt and Investment Advisor Commission, he served three terms as chairman. He also acted as a private sector advisor to the standing committee on governmental debt of the Government Finance Officers Association. He is a co-author of the California Public Funds Investment Primer, published by CDIAC in 2006 and has authored a number of articles on the field of municipal finance. Mr. Schaefer is a member of the California Society of Municipal Analysts, the Risk Management Association, the Government Finance Officers Association, and the International City Management Association.

On the topic of Bond Accountability, Mr. Schaefer is an excellent pinch hitter. We look forward to hearing Mr. Chiang at a future Conference.

– Michael Turnipseed, CaLBOC President


AB 2316 | New Bill Would Protect School Contractors In No-Bid Deals

April 18, 2016 | By Dan Walters | www.sacbee.com

EXCERPT: Last year, a state appellate court ruled that when Fresno Unified School District hired a construction company to consult on a middle-school project and then awarded it a no-bid contract to build the school, it violated state conflict-of-interest laws.
    The state Supreme Court refused to take up the case, immediately placing billions of dollars in school construction payments all over the state in jeopardy as attorneys demanded that districts recapture funds that were paid under illegal contracts.
    Meanwhile, lobbyists for the construction industry - particularly firms that specialize in "lease-leaseback" projects - began pressing the Legislature for protection from "disgorgement," as it's called.
    Protective legislation - dubbed a "get-out-of-jail-free card" by critics - was drafted but the effort stalled, in part because legislators were leery about intervening in what had become, in Fresno, a federal investigation of insider dealing. ...
    ... Assemblyman Patrick O'Donnell, D-Long Beach, who leads the Assembly Education Committee, had already introduced a bill that would require competitive bidding in lease-leaseback projects, in which a school district leases a school site to a contractor, then leases back the school that's built on the site. O'Donnell is now drafting amendments to Assembly Bill 2316, to be introduced in the next few days, that would expand the bidding requirement to include preconstruction consulting contracts. But they would protect contractors who had previously built schools under no-bid lease-leaseback contracts after serving as consultants from having to repay money. ...
    ... Protecting contractors from having to repay funds they received from such questionable deals is another matter altogether. While some may have acted in good faith, it's evident that others got caught doing something they should have known was unseemly and shouldn't have done. The pending bill would, in effect, reward them for bad behavior.

To read the complete article please visit: www.sacbee.com/news/politics-government/politics-columns-blogs/dan-walters/article72539072.html

Assembly Bill 2316: leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB2316

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Register Now - Limited Seating
calboctraining.eventbrite.com

5th CaLBOC Annual
CaLBOC Annual Conference
Tuesday, May 31, 2016

Curtis Mathews Presentation:
The Proper Performance
Auditing According to GAGAS

Curtis Matthews, CPA, CCA, Partner,
ContractCompliance and Control Solutions
Practice leader, Moss Adams LLP.
Curtis brings extensive construction cost
control experience to projects, having led
the audit and successful controls
implementation of the largest health
care construction project in the United
States. He has helped project owners
negotiate favorable contract terms,
implement strong project controls,
monitor construction controls performance
and ensure that construction project
charges are compliant with
contract requirements.

May 19, 2015 Conference
Don Mullinax Presentation:
Fraud Awareness: School Construction
2015CalBOC_Mullinax.
pdf


May 9, 2014 Conference
Lori Raineri of Governmental Financial Strategies Presentation:
Pay to Play in School Bond Measures What it is and Why it is Wrong
2014CaLBOC_PaytoPlay.pdf


California Education Code
The Brown Act
CA Constitution, Prop 39
CBOC Best Practices
Operation Standards



     
 

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