North Coast Virtual Chapter Meeting
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9/24/2020
When: Thursday, September 24, 2020
12:00 PM - 2:00 PM
Where: Zoom Meeting
United States
Contact: Daniel Buffalo
(707) 463-6220


Online registration is closed.
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North Coast Valley Chapter Meeting: 

Topic: UAL Pension Strategies: New Approaches

Rising pension costs are the most pressing financial issue facing California public agencies. These costs represent a significant portion of many local governments' overall general fund budget. Increasing pension costs reduce local government's ability to fund critical services, capital projects and grow reserves.

Amortization of the Unfunded Accrued Liability (UAL) is the most rapidly growing component of costs for many agencies, outpacing inflation and even health care costs. But there are various tools cities and other public agencies can use to address the fiscal challenge created by rising pension costs to provide greater financial, budgetary, and retirement security. This interactive discussion will provide opportunities for participants to explore these tools in greater detail to better assist them in developing their own strategies for managing their own unfunded pension obligations.

Speakers: Eric Scriven and Mike Meyer, NHA Advisors
Eric Scriven:
Since 1990, Mr. Scriven has provided financial advisory and implementation services for public agencies throughout California. He has served as an investment banker or financial advisor to dozens of municipal and special district clients and has personally managed more than 100 successful financings with a total par value of more than $2 billion.

Mr. Scriven’s assignments have ranged from large, strong credit cities to non-rated land-secured transactions. He takes special care to conduct thorough due diligence to fully understand a client’s goals, as well as all opportunities and constraints inherent in a project. This approach enables him to provide critical advice to clients and to maximize opportunities to best “fit” (or sometimes rule out) a solution and then, importantly, effectively implement that solution. Additionally, Eric provides support to his clients by helping them optimally position their finances to meet their goals, with an emphasis upon best-practices forecasting methods for capital planning, budgeting and investment.
Mike Meyer:
Since 2003, Mr. Meyer has been providing support to California municipalities as an advisor, consultant, and an investment banker. He has worked with a wide spectrum of municipalities, including small/medium cities like Healdsburg, Beverly Hills, Burlingame, Napa, San Ramon, Suisun City, Gonzales, Corcoran and Selma, as well as larger cities and enterprises such as San Francisco, Riverside, Oxnard, Oakland, Long Beach, San Francisco Airport Commission and the East Municipal Utility District

Mr. Meyer has executed all types of financings available to California municipalities, including utility revenue (water/wastewater/storm drain), general fund backed leases, tax increment, general obligation, transportation, land secured, pension, and housing deals. He is experienced supporting and leading projects from origination to closing, including conducting due diligence, bond cash flow modeling, and credit analysis.

Prior to joining NHA Advisors, Mr. Meyer served as a Vice-President for De La Rosa and Co. Investment Bankers, where he worked on over 50 senior managed transactions totaling $1.5 billion in par from 2003 to 2011. Most recently, he served as a Principal at p2 Capital Advisors (p2CA) from 2011 to 2014, providing independent consulting and advisory work to numerous California public agencies. He joined NHA in the summer of 2014, along with fellow p2CA Principal, Eric Scriven.

Call-in Information: Zoom login will be sent to registered participants 24 hours prior to the meeting

This event qualifies for 1 CPE credit