These training courses are designed to meet the requirements of the Public Funds Investment Act. The law requires the designated investment officer of a district governed by Chapter 36 or Chapter 49 of the Texas Water Code to attend six hours of initial training within twelve months after taking office or assuming duties and four hours of renewal training every two years thereafter. Treasurers, CFOs and investment officers for other political subdivisions, such as municipalities, counties, school districts, hospital districts, must attend at least 10 hours of training within twelve months after taking office or assuming duties and at least 10 hours of additional training every two years thereafter.
Nonprofit water supply or sewer service corporations are not required by law to attend any PFIA training sessions. However, WSCs benefit greatly from the investment training provided in these classes.
**Those needing 10-hours of training may take the initial and renewal courses to satisfy the requirements.
Certificates will be provided to those who complete either course reflecting hours of attendance.
CPAs please note: Continuing Professional Education (CPE) credits are no longer available through this course.
*Please note: This course satisfies both the 6-hour initial and 4-hour renewal credit requirements. Attendees seeking renewal credit only will attend the first 4 hours of the course.
Date: March 28, 2017
Time: 9:00 a.m. - 4:00 p.m.
Location:Renaissance Hotel Austin
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Six-hour initial course topics (6 hours of credit):
- Requirements of the PFIA
- Managing Risk and Measuring Cash Flow
- Elements of a Practical Investment Policy
- Controls to Keep You and Your Assets Safe
- Reporting and Accounting for the Whole Story
- Banking as a Cash Management Tool
Four-hour renewal course topics (4 hours of credit):
- Structuring a Working Portfolio
- Managing Liquidity while Capturing Yield
- Securities Choices: What, Why, When
- Portfolio Strategies for Various Sized Entities
- Broker/Bank Relationships
- Interpreting the Market for Your Use