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Kimberly Betterton

Refundings
Wednesday September 13 3:15 - 4:00 PM

Partner
Ballard Spahr LLP

Kimberly C. Betterton focuses on federal tax laws and regulations involving tax-exempt bonds and exempt organizations. Ms. Betterton works on numerous types of tax-favored transactions, including governmental, conduit 501(c)(3), exempt facility, single-family housing, small issue manufacturing, QZABs, QECBs, QSCBs, and new CREBs. She advises clients regarding the original issuance of obligations, the many post-issuance compliance responsibilities, and IRS audits.
Ms. Betterton's broad-ranging experience includes routinely providing counsel on issues related to interest rate swaps and other derivatives, reissuance questions, and direct-subsidy and tax-credit bonds. She advises clients on a variety of post-issuance tax compliance issues, including arbitrage, private use questions, Form 990 – Schedule K, remediation as a result of change in use, reissuance, and IRS audit and review activities. She also assists clients with obtaining 501(c)(3) exemption letters from the IRS.


Mary Coe

Interest Rate Swaps
Thursday September 14 3:45 - 5:00 PM

Interest Rate Risk Management
KeyBank National Association

Mary Coe is Team Lead of KeyBank’s Institutional Banking Interest Rate Risk Management coverage. Mary has been with Key since October of 2013 and worked with corporate clients to hedge market risk since 2006.

Before joining Key, Mary launched the Corporate Foreign Exchange coverage desk at Credit Suisse in Singapore. She was previously a VP with the Royal Bank of Scotland’s Corporate Risk Solutions team, including both Interest Rate and Foreign Exchange risk management in Stamford, Connecticut.

Mary holds her Series 7, 63 and 79 FINRA registrations and a Bachelor of Arts with a concentration in Business, Entrepreneurship and Organizations from Brown University.


Brian Cooper

Welcome & Overview
Wednesday September 13 12:00 - 12:30 PM

Principal
Baker Tilly Virchow Krause, LLP

A twelve year veteran to the Public Finance and Economic Development arena Brian specializes in general obligation and revenue based project and public finance. Mr. Cooper financial matters that range from credit strategy, debt issuance and management, financial operations, capital planning and support, management review and budgeting and forecasting.

Brian serves the Ohio public finance market and has worked with issuers large and small including the City of Akron, Development Finance Authority of Summit County, City of Wadsworth, the City of Grandview Heights and City of Tallmadge and the City of Cuyahoga Falls. Brian has also worked with regional authorities such as the Solid Waste Authority of Central Ohio (SWACO) and State level issuers including the State Treasurer and the Ohio Public Facilities Commission. Mr. Cooper has completed over 120 distinct project financings representing over $2.75 billion in financed projects.

Mr. Cooper graduated from the Ohio State University in 2001 and is registered as a municipal advisor with the Municipal Securities Rulemaking Board (MSRB) and the Securities and Exchange Commission (SEC). Mr. Cooper serves as a board member to the Ohio Tax Credit Authority and a trustee to the Worthington Education Foundation.

Cooper joined Umbaugh in 2015 when his practice, ACI Advisors, LLC, merged with Umbaugh. He is based in Umbaugh’s Columbus, Ohio, office and lives in Worthington, Ohio with his wife Patty and their three boys, Alex, Calvin and Ivan.


Steve Eikenberry

Credit Enhancement
Wednesday September 13 2:15 - 3:15 PM

Senior Vice President
First American Bank

Mr. Eikenberry is head of tax exempt finance and interest rate derivatives for First American Bank, a nearly $4 billion privately held bank with 50 locations in Illinois and Florida. He is also a member of their Senior Loan Committee. Prior to joining First American in January 2005, he worked for JPMorgan Chase and predecessor organization American National Bank since 1984. Steve has over 30 years experience originating and underwriting tax exempt bonds for not-for-profit corporations, municipalities and middle-market manufacturing companies, and he has completed more than 250 transactions totaling over $1 billion. In addition, he has executed derivative hedging transactions including interest rate swaps, caps and collars with a total notional value exceeding $1 billion.

Steve’s clients include a wide variety of not-for-profit organizations including independent schools, private universities and graduate schools, social service agencies and cultural institutions. He speaks regularly at conferences on topics related to tax exempt finance and derivatives, and his comments have been reported in publications including Business Week, The Bond Buyer and The Illinois Manufacturer. He also plays an active role lobbying for legislation expanding and enhancing the use of tax exempt bonds.

Mr. Eikenberry holds a Bachelor of Arts in Economics from The Colorado College. Steve is an active member of the Council of Development Finance Agencies and is a Board Trustee of the Science and Arts Academy. He is also a Public Member of the Institutional Actions Council for the Higher Learning Commission, one of six regional accreditors for colleges and universities in the United States.


Jeffrey Freese

Refundings
Wednesday September 13 3:15 - 4:00 PM

Managing Director
KeyBanc Capital Markets

Mr. Freese has over 25 years of experience in Public Finance and has been with KeyCorp for over 35 years.  As Managing Director of KeyBanc Capital Markets’ Public Finance Group, Mr. Freese provides leadership and oversight of the Public Finance investment banking staff.  In addition to his administrative obligations, Mr. Freese maintains relationships with nearly 500 clients across many sectors and industry groups.  Indicative of his experiences as an investment banking professional, he has transacted over $25 billion of financings for various types of tax-exempt and taxable offerings, including fixed rate transactions, variable rate demand obligations, general obligation notes and bonds and tax increment financings.

Mr. Freese is on the board of directors of the Council of Development Finance Agencies (CDFA), a national organization that has the mission of strengthening the efforts of state and local development finance agencies to promote job creation and economic growth and Ohio Municipal Advisory Council (OMAC), a private service which provides the municipal bond industry with statistical data relating to Ohio municipal securities. Mr. Freese is also a member of the Securities Industry and Financial Markets Association’s Municipal Executive Committee.

Mr. Freese has a B.S. degree in Business Administration from Ashland University, holds a General Securities Registered Representative License Series 7 and has Municipal Securities Licenses Series 52, 53 and 63.


Robert Gamble

Market Update
Wednesday September 13 12:30 - 1:15 PM

Managing Director
Public Financial Management

Bob Gamble is a managing director in PFM's San Francisco office and has over thirty years of public sector, non-profit and private experience. Bob has extensive experience with the use of public financing mechanisms and in developing public-private partnerships in support of economic development. His practice at PFM is focused on a holistic approach to the development of successful public-private partnerships (P3s). His practice focuses on the purpose and policy rationale for each partnership, as well as the specific techniques required to support them.

Prior to joining PFM in 2004, Bob served as Chief Financial Officer of the San Francisco Redevelopment Agency and as Budget Director for the City and County of San Francisco. He has managed the issuance of several billion dollars of tax increment bonds, and is experienced in the use of Mello-Roos bonds in both urban and suburban contexts. Bob’s finance and policy experience with the City and County of San Francisco in multiple roles provides him invaluable insight into the policy context in which issuers operate.

He has developed and implemented innovative financing structures for public-private partnerships in a number of different contexts throughout the western region, including urban mixed-use developments, redevelopment of military bases, higher education, affordable housing and arts districts.

His undergraduate degree is from Duke University and his Masters of Public Policy is from the Graduate School of Public Policy at the University of California at Berkeley.


Todd Gibson

Interest Rate Swaps
Thursday September 14 3:45 - 5:00 PM

Partner
Dinsmore & Shohl LLP

Todd regularly serves as special swap counsel, bond counsel and underwriters’ counsel. He has extensive experience in negotiating International Swaps and Derivatives Association (ISDA) master agreements, credit support documentation, over-the-counter interest rate, foreign exchange, credit and commodity derivative trade confirmations and clearing agreements.

Prior to joining Squire Patton Boggs, Todd was an associate with an international law firm in New York City, where his practice focused on derivatives. Prior to joining that firm, Todd served as a vice president in global foreign exchange at Merrill Lynch & Co. where his duties included directing credit and product risk management of the New York institutional foreign exchange sales and trading desk, structuring foreign exchange prime brokerage agreements, and negotiating ISDA master agreements.

Todd has addressed numerous groups on swaps, including participating in panel discussions at the National Association of Bond Lawyers’ Bond Attorneys Workshop and the Bond Buyer’s National Municipal Derivatives Conference.


Tyler Hoch

Credit Enhancement
Wednesday September 13 2:15 - 3:15 PM

Managing Director
Stifel Nicolaus & Company, Inc.

Tyler Hoch is a Managing Director of Public Finance Investment Banking in Minneapolis, MN. Mr. Hoch has twelve years of experience in public finance. He originates, structures, and closes transactions in the land development/redevelopment (i.e. TIF), low-income multifamily, energy savings, water & sewer and non-profit sectors. He provides creative solutions to achieve his clients’ overall financing objectives. His experience includes rated and non-rated tax-exempt and taxable bonds, loan syndications and public-private partnerships.

Prior to joining Stifel, Mr. Hoch was a Senior Vice President at Sterne Agee and joined Stifel as a result of Stifel’s acquisition of Sterne Agee. Mr. Hoch was previously Vice President at HJ Sims. Prior to HJ Sims, Mr. Hoch was a Director with the Project and Public Finance Group at Oppenheimer & Co. Inc. At Oppenheimer, he originated, structured and closed a range of tax-exempt and taxable bond transactions and loan syndications.

Before his work as an investment banker, Mr. Hoch was employed at Lynwood Capital Partners, a private equity group based in Denver, Colorado that specializes in leveraged buy-outs of manufacturing and food related companies. Mr. Hoch received an MBA in Finance from the College of Denver where he was a Marsico Scholar. He also obtained a BSBA from the College of Denver. He is fully licensed under FINRA Series 7, 50 and 63. He is also a registered investment banker.


Harry Huntley

Leveraging Resources
Thursday September 14 12:15 - 1:45 PM

Executive Director
South Carolina Jobs Economic Development Authority

Harry joined JEDA, a state-wide conduit bond issuer, as its Executive Director in August 2008. Since that time, JEDA has issued 160 tax-exempt and taxable bonds for over $5 billion in South Carolina’s economy. Harry also serves as Executive Director for InvestSC, Inc., the designated investor group for the $50 million South Carolina Venture Capital Authority program created to attract new venture capital investments to the State.

Previously, he held the elected position of Richland County Auditor for 18 years. During his tenure, Harry served as President of the South Carolina Association of Auditors, Treasurers and Tax Collectors, where he was honored with their highest award for service. Harry is a native of Columbia and a graduate of the University of South Carolina with a B.S. in Finance and an MBA. He is a Certified Public Accountant and his career has also included banking, accounting, and commercial real estate sales.

Harry serves on the boards of the National Association of Health and Educational Facilities Finance Authorities, Council of Development Finance Agencies, South Carolina Junior Golf Foundation, Saluda River Trout Unlimited, as well as other professional organizations. Harry coached the boys and girls golf teams at AC Flora High School in Columbia for 16 years, leading them to 11 state championships.


Kristen Kalinowski

Arbitrage, Rebate & Calculating Yield
Thursday September 14 1:45 - 2:30 PM

Vice President
The Bank of New York Mellon

Kristen is a Vice President and Team Leader located in Charlotte, North Carolina and has over 17 years of arbitrage rebate compliance experience. She was a member of Ernst & Young’s Arbitrage Rebate Compliance Group in Memphis for more than twelve years and Pinnacle Arbitrage Compliance for three years. During her tenure with the Ernst & Young, she served as a Project Director and a Quality Advisor on over 3,000 rebate calculations. Kristen performs a detailed technical review of the rebate calculation to ensure compliance with the Regulations.

In addition to her experience in preparing and reviewing arbitrage rebate engagements, she also has experience with computing commingled fund allocations, preparing yield restriction analyses, determining transferred proceeds allocations, and preparing spending exception calculations. Kristen also has experience in the preparation and representation of issuers before the Internal Revenue Service relative to requests for the recovery of overpayments under arbitrage rebate provisions. The clients represented by Kristen include state and local governments, including states, cities, counties, water/sewer authorities and school districts; 501(c)(3)’s; and various types of healthcare facilities.

Kristen is a member of the North Carolina Association of Certified Public Accountants and the American Institute of Certified Public Accountants. She graduated from the University of Mississippi with a Bachelor of Accounting and is a Certified Public Accountant.


Bryan Kern

Interest Rate Swaps
Thursday September 14 3:45 - 5:00 PM

Principal
KPM Financial, LLC

Mr. Kern has been involved in the derivatives industry since 1999. Since founding KPM Financial in 2012 he has advised on $2 billion in interest rate derivatives contracts. Prior to KPM Financial, Mr. Kern spent two years with First Tryon Advisors as Senior Vice President and head of the derivatives and higher education advisory practices. While at First Tryon Mr. Kern advised on over $1 billion in custom tailored hedging solutions for municipal, non-profit, corporate, and real estate borrowers.

Before his experience as an advisor, Mr. Kern was in charge of Wachovia’s Southeast Municipal and Higher Education derivatives practices within Public Finance. Mr. Kern has over 15 years’ experience with municipal financing solutions, interest rate derivatives, and the reinvestment of bond proceeds.

Prior to Mr. Kern’s experience in Public Finance, he held positions within Wachovia’s foreign exchange and corporate interest rate derivatives desks. He was primarily responsible for providing tailored hedging solutions to the Bank’s corporate and international clients.

Mr. Kern has a BS in Mathematics from Davidson College and is a registered with the SEC and MSRB as a Municipal Advisor.


Dan Massiello

Who Buys Bonds?
Wednesday September 13 1:15 - 2:00 PM

Senior Vice President
Kosmont Companies

Mr. Dan Massiello, Senior Vice President – Public Finance, brings over 20 years of professional experience in the Public Finance industry to Kosmont Companies. Mr. Massiello started his career with an east coast financial advisory firm, and has been an investment banker in CA for 13 years. Mr. Massiello has structured and brought to market over $4 billion of new money and refunding transactions to market for Cities, Redevelopment Agencies, School and Community College Districts and Special Districts. Successfully completed transactions include General Fund Financings (Certificates of Participation), Tax Increment, General Obligation, Installment Purchase, Lease Revenue, Revenue, Special Tax, and Sales Tax supported financings. A significant portion of these transactions involved unrated and challenging credits, which have garnered Mr. Massiello the ability to engineer well-structured and marketable financing vehicles that consistently meet his clients’ financing goals and objectives.

Mr. Massiello earned his BS in Management/Finance from the State University of New York-Binghamton and held Series 24, 7, and 63 FINRA Licenses while employed by a Broker/Deal (currently inactive).


Cayla Matsumoto

Welcome & Overview
Wednesday September 13 12:00 - 12:30 PM

Manager, Research & Technical Assistance
Council of Development Finance Agencies

Cayla Matsumoto is currently a Manager of Research & Technical Assistance at the Council of Development Finance Agencies (CDFA) where she oversees the organization's work in food finance, resiliency, brownfields water & energy.
Formerly the Director of Programming, she oversaw the CDFA Training Institute, workshops, seminars, BNY Mellon webcast series and all state roundtables. Mrs. Matsumoto also managed the Development Finance Certified Professional (DFCP) Program working with participants to guide them in completing their DFCP certification.

Mrs. Matsumoto previously served as a state programs manager, administering the state-specific programming for the southern states in the CDFA network. This included all annual conferences, networking events and webinars. She was instrumental in building new state networks and expanding the Southern region’s reach to include six states.

Her experience prior to CDFA included work as the assistant director of development at After-School All-Stars Ohio, a state-wide after-school programming non-profit where she worked as a grant writer, managed donations, and facilitated relationships with donors. She also served in Ukraine with the U.S. Peace Corps as an educator where she concentrated on leadership and citizenship skills with kids grades 5-10.

Mrs. Matsumoto earned her bachelors from Miami University of Oxford, Ohio in the School of Interdisciplinary Studies where she studied the intersection of political science, anthropology, art history and international studies.


Ritta McLaughlin

Regulatory Update
Wednesday September 13 4:00 - 5:00 PM

Chief Education Officer
Municipal Securities Rulemaking Board

Ritta McLaughlin is Chief Education Officer for the Municipal Securities Rulemaking Board (MSRB). In this position, she oversees education and outreach activities of the MSRB, which seek to inform municipal market stakeholders and others about MSRB initiatives and municipal market issues. Ms. McLaughlin also facilitates discussion and problem-solving among stakeholders to address challenges in the municipal market, advocate solutions where appropriate and influence positive market practices. Prior to joining the MSRB, Ms. McLaughlin was associate treasurer for the District of Columbia, where she handled the District’s multi-billion dollar debt management program. During her career, Ms. McLaughlin was also an executive director at J.P. Morgan, an associate director at Bear Stearns and a senior banker for a number of states and municipalities. Ms. McLaughlin’s extensive market knowledge benefits the MSRB by providing strategic thought leadership for the industry in an effort to understand trends and anticipate future needs. She received a bachelor's degree in urban policy from Vassar College and a master’s degree in urban policy and management from The New School for Social Research.


Tina Neal

Negotiating Professional Fees
Thursday September 14 2:45 - 3:45 PM

Principal
Perseverance Capital Advisors LLC

Ms. Neal is Principal at Perseverance Capital Advisors LLC, a consulting and advisory firm, and a Municipal Advisor registered with the MSRB and SEC, that assists corporate and non-profit entities as well as tax-exempt issuers in structuring and advising on their debt capacity and execution of bond issues or other loan products, with a specialty in economic development projects, non-profit projects and multifamily housing.

Over her 20+ year career as a senior investment banker Ms. Neal has been directly involved with the placement of approximately 80 conduit bond issues and private placements, amounting to over $2 billion in financings. She has frequently brought to market new and innovative financing structures to achieve the optimal debt pricing for her clients. Ms. Neal is a frequent speaker for the Council of Development Finance Agencies, as well as local industrial development authorities, and at various renewable energy conferences.

In 2010 she brought to market the first pooled financing that combined Recovery Zone Economic Development Bonds (“RZEDs”), Build America Bonds (“BABs”) and tax-exempt governmental bonds for 14 Virginia localities to fund their infrastructure and economic development projects, amounting to over $45 million in funding. Ms. Neal also brought to market the first tax-exempt empowerment zone bond issue paired with New Markets Tax Credits in the U.S., which was used to finance a new hotel development on the campus of Old Dominion University in Norfolk, Virginia.

Prior to forming Perseverance Capital Advisors LLC, Ms. Neal acted as Senior Vice President, Project Finance for Piper Jaffray & Co. Prior to that role she served as Senior Vice President, Manager Richmond Public Finance for Ferris, Baker Watts, Inc. a large regional investment bank that was headquartered in Washington, DC and which was subsequently purchased by RBC. Ms. Neal also served as Managing Director of Fixed Income Sales and Trading for Richmond, Virginia- based Carter Kaplan & Company, where she was responsible for the distribution of all of the firm’s municipal underwritings, which included the development of large institutional buyers.
Ms. Neal has been a Board Member of the Council of Development Finance Agencies (www.cdfa.net) since 2003, and also served as a member of the Board of Governors of the Bond Club of Virginia from 2001-2008. She previously served as President of the Board of Directors of St. Francis Home, an assisted living facility for low income elderly in Richmond, Virginia (www.saintfrancishome.org), and as Treasurer and Chair of the Finance Committee for the Board of Trustees of Millwood School, an independent (JK-12) private school in Midlothian, Virginia (www.millwoodschool.org).

Ms. Neal holds a B.A. from Beloit College with a double major in Economics/Management and International Relations, and an M.A. in Economics from Virginia Commonwealth University. Ms. Neal resides in rural central Virginia with her husband and two children, where they enjoy horseback riding, deer and bird hunting, skiing, and fly fishing in the Virginia mountains.


Tom Seasoltz

Leveraging Resources
Thursday September 14 12:15 - 1:45 PM

Director of Corporate Finance
Altoona-Blair County Development Corporation

Tom Seasoltz has worked at Altoona-Blair County Development Corporation as a Financial and Loan Programs analyst since 2010. At the beginning of 2017 he was named the Director of Corporate Finance. In this position, he is responsible for budgeting, organizational finances, monthly financial statements, generating loan clients, and analyzing the credit quality of potential borrowers. He works extensively with various Federal, State and Local financing departments and programs including USDA, Small Business Administration, Pennsylvania Industrial Development Authority and PA DCED, as well as managing revolving loan funds in excess of $10 million.

Mr. Seasoltz also serves as the Executive Director of both the Blair County Industrial Development Authority and the Blair County General Authority, both conduits for tax exempt financing for manufacturers and non-profits.

Mr. Seasoltz holds a Bachelor of Science degree in Finance from the Penn State Smeal College of Business. He is a member of the Council of Development Financing Agencies and has taken numerous courses through CDFA, National Development Council and the PA Economic Development Association. In 2013, Mr. Seasoltz received the DFCP certification from CDFA.

Mr. Seasoltz enjoys living in the heart of Blair County, PA with his wife and daughter.


Michael Steinbrook

Leveraging Resources
Thursday September 14 12:15 - 1:45 PM

Director
Public Financial Management

Mr. Michael Steinbrook joined PFM Asset Management LLC in 2004 as a Consultant in the Arbitrage Rebate Practice in the Harrisburg office. Mr. Steinbrook's primary duties include performing a variety of arbitrage rebate compliance related analyses. He oversees arbitrage rebate compliance services for PFM’s clients in the north east and mid-western states and provides on-site group and individual client staff training regarding arbitrage rebate and post-issuance compliance. He is responsible for tracking arbitrage rebate compliance for PFM's Texas and Mid-West investment pools, and assists issuers in the development and implementation of investment strategies for tax-exempt bond proceeds that enable issuers to maximize retainable earnings.

At PFM, Mr. Steinbrook has helped to reduce rebate liabilities for numerous issuers by reconstructing and reallocating cash flows, is responsible for fiscal and five-year computations for a large city in Texas, has completed a rebate compliance review for nearly 30 separate bond issues for a city in Florida, and provides comprehensive arbitrage rebate and yield restriction compliance services to state-level issuers in Massachusetts, Delaware, Texas, Illinois, Iowa, Indian and Connecticut.

Mr. Steinbrook also serves as verification agent for PFM or BondResource Partners, LP (a wholly-owned subsidiary of PFM Asset Management LLC). He has provided refunding and escrow verification agent services for transactions including current and advance refundings, mixed escrows, escrow and bond yield computations, transferred proceeds penalty computations, variable rate yield projections and make-whole premium computations.

Mr. Steinbrook is a graduate of Washington and Lee University where he earned a Bachelor of Science degree in Business Administration with a dual degree in Accounting and earned a Master's in Business Administration in Finance and Accounting/Taxation from Fordham University.


Christopher Woodin

Regulatory Update
Wednesday September 13 4:00 - 5:00 PM

Lead Tax Specialist, Tax-Exempt Bonds
Internal Revenue Service

Christopher C. Woodin joined the IRS in 2005.  He is a Lead Tax Law Specialist with the Indian Tribal Governments/Tax Exempt Bonds office where he focuses on technical support, review and outreach for the voluntary compliance and enforcement programs related to tax advantaged financings.  He is especially involved in matters concerning arbitrage compliance including yield restriction, rebate and recoveries of overpayments.  Prior to joining the IRS, Chris started working with tax exempt bonds in 1994 when he joined the public finance department of Piper & Marbury.



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