Click photo to hear about TML's 2010-2011 PFIA offerings.
Public Funds Investment Act (PFIA) Workshop
THURSDAY AND FRIDAY, AUGUST 19-20, 2010
THURSDAY AND FRIDAY, DECEMBER 2-3, 2010
THURSDAY AND FRIDAY, MARCH 3-4, 2011
Members who choose the online option may enroll at any time and will have a full 90 days from the date of enrollment to complete the course.
TML Has Designed Public Funds Investment Act Training to Fit All Your Needs!
The Public Funds Investment Act governs the investment of government funds in Texas. Under this law, specific parameters are set for Texas cities, requiring them to adopt an investment policy and to designate an investment officer who is required to attend an approved training course.
The treasurer, the chief financial officer (if the treasurer is not the chief financial officer), and the investment officer must attend at least one training session, ten hours in length, within 12 months after taking office and must take ten hours of instruction every two years.
The TML workshop and online training meet the training requirements under state law and are designed for beginners and professionals, including elected and appointed city officials, with little expertise in managing investment portfolios.
The PFIA workshop for small cities provides all the necessary information, but with a focus on the special needs of cities with populations of 15,000 and less.
Three Dates and Locations for Workshops!
AUSTIN
THURSDAY AND FRIDAY, AUGUST 19-20, 2010
Thursday: 8:00 a.m. — 5:00 p.m. and Friday: 8:00 a.m. — Noon
Holiday Inn Austin Midtown
6000 Middle Fiskville Road, Austin
Please call the hotel directly at 512-451-5757 or 800-465-4329 and refer to the TML PFIA room block in order to receive the group rate. A guest room rate of $99 (single/double) will be available until August 2, 2010, or until the block is full.
SAN ANTONIO
THURSDAY AND FRIDAY, DECEMBER 2-3, 2010
Thursday: 8:00 a.m. — 5:00 p.m. and Friday: 8:00 a.m. — Noon
Holiday Inn San Antonio Riverwalk
217 N. St. Mary's Street, San Antonio
Please call the hotel directly at 210-224-2500 or 888-615-0726 and refer to the TML PFIA room block for room
reservations. A guest room rate of $119 (single/double) will be available until November 17, 2010, or until the block is full ($10.00 self-parking and $22.00 valet; check with hotel for prevailing rates). Also, reserve a room online.
DESOTO
(for small cities, population 15,000 and under)
THURSDAY AND FRIDAY, MARCH 4-5, 2011
Thursday: 8:00 a.m. — 5:00 p.m. and Friday: 8:00 a.m. — Noon
MCM Grande Hotel
1515 N. IH-35 East, DeSoto
Please call the hotel directly at 972-224-9100 or 800-758-7672 and refer to the TML PFIA room
block in order to receive the group rate.
A guest room rate of $79 (single/double) will be available until
February 17, 2011, or until the block is full.
PFIA ONLINE TRAINING
TML partners with Virtual Learning Concepts (VLC) to offer the Public Funds Investment Act (PFIA) training online for TML members. This online course is the equivalent of the full ten hours of training, but it allows a participant to certify from the comfort of home or office. All material needed to complete the PFIA-Online course is included within the course. No additional books or other material is required. Members who choose the online option may enroll at any time and will have a full 90 days from the date of enrollment to complete the course. Testing will take place as sections of the material are completed. A certificate can be generated after all materials are completed. For more information, visit www.virtuallearningconcepts.com. To obtain a discount certificate for this training, visit www.tml.org, click on "Training," click on "Online Training," and then click on "PFIA Online Investment Training."
Your registration fee includes a TML Public Funds Investment Act Handbook on CD, handouts, a light continental breakfast, lunch, and morning and afternoon breaks on Thursday, and a light continental breakfast and morning break on Friday. All other meals are on your own. Your handout packet also includes a sample investment policy for you to take home and modify for your city's particular needs, as well as a sample resolution to use in adopting your policy.
You will learn about:
- An Overview of the Public Funds Investment Act
- The Legislative Perspective and History of the Act
- Implementing an Investment Program
- Risks and How to Control Them
- Balancing the Basics of an Investment Policy
- Developing an Investment Strategy for Your City
- Economic Indicators
- Depository Contracts and Collateral
- Authorized Investments Including Pools
Bennett Sandlin, General Counsel, Texas Municipal League, Austin
Tito Villegas, Controller, Texas Municipal League Intergovernmental Risk Pool, Austin
No prerequisites are required to attend the TML PFIA Workshop.
To comply with state law regarding the investment of public funds, you should identify who from your city needs to attend a TML PFIA training program. Remember, the law requires the investment officer, chief financial officer (if the treasurer is not the chief financial officer), and treasurer to attend training. In some cities, the same person holds all three positions; in others, the positions are held by different individuals.
After completing the TML PFIA training, you should adopt an investment policy for your city. As part of the TML PFIA training, you will receive a sample resolution to help you with this compliance. You will also receive a sample investment policy that you can modify for your city’s particular needs.
Hotel Information
As you are aware, hotel meeting rooms tend to be cold. It is hard to adjust the temperature to accommodate everyone, so please bring a sweater or a jacket to ensure your comfort.
TML will provide a light continental breakfast, lunch, and morning and afternoon breaks on Thursday, and a light continental breakfast and morning break on Friday. All other meals are on your own. The MCM Grande Hotel room rate includes a complimentary, full, hot buffet breakfast with eggs cooked to order each morning for each registered guest.
The MCM Grande Hotel does not accept personal checks. Company checks are accepted but must be submitted to the hotel 14 days prior to arrival. If you plan to use your tax exemption during your stay, you must provide your 11-digit taxpayer number. The hotel will verify your number on the comptroller's Web site; if it is not there, you will not receive the credit.
Registration Fees
- August 19-20, 2010
- $175 (online)
- $215 (by mail)
- December 2-3, 2010 – San Antonio
- $175 online)
- $215 (by mail)
- March 3.4, 2011 – DeSoto
- $175 (online)
- $215 (by mail)
- (The workshop in DeSoto is for small cities, population 15,000 and under)
Your registration fee includes a TML Public Funds Investment Act Handbook and handouts on CD, a working lunch on Thursday, a continental breakfast on Friday, and refreshment breaks.
To see if you are eligible and to apply for a TML Workshop Tuition Scholarship for Small Cities, click here.
Cancellation and Substitution Policy
If you are registered and cannot attend, we encourage you to send a substitute. If you cannot send a substitute, a $45 cancellation fee will be assessed if written cancellation is received before August 12 for the workshop in Austin, before November 11 for the meeting in San Antonio, and before February 17 for the workshop in DeSoto.
Continuing Education Credit
An application has been approved by the State Board of Accountancy for CPE credit for attending the PFIA Workshop. Also, elected officials (mayors and councilmembers) can earn up to ten Texas Municipal League Institute (TMLI) credits for completing the PFIA training. For more information about the TMLI program, visit www.tml.org and click on "Training," or call 512-231-7400.
Confirmations/Badges
Workshop confirmations and badges will be mailed in advance. Name badges are required for admittance to the workshop. PLEASE REMEMBER TO BRING YOUR BADGE TO THE WORKSHOP.
Special Accommodations
Please let us know on the registration form if you need special accommodations of any kind.
Questions
Please contact us at 512-231-7400 or pfi@tml.org, if you have any questions.
PFIA ONLINE TRAINING
TML has formed a partnership with Virtual Learning Concepts (VLC) to offer the Public Funds Investment Act (PFIA) training online for TML members. This online course is the equivalent of the full ten hours of training, but allows a participant to certify from the comfort of home or office. All material needed to complete the PFIA-Online course is included within the course. No additional books or other material is required. Members who choose the online option may enroll at any time and will have a full 90 days from the date of enrollment to complete the course. Testing will take place as sections of the material are completed. A certificate can be generated after all materials are completed.
TML is offering a $25 discount coupon to all TML members who take PFIA-Online. TML members can receive a unique $25 discount code and then register for the Virtual Learning Concepts PFI course for $250. To receive your discount code, you will need to log in with your TML username and password. If you already have your coupon and wish to register for PFIA-Online, click here.
Visit VLC's Web site.
FYI (Online Option Only)
- When you arrive at the Virtual Learning Concepts page, scroll to the bottom of the page and click on the Add to Shopping Cart icon to go to a page where you will be allowed to enter the TML coupon code and receive your discount. When you have purchased your course, you will then need to enter your personal information on that web site so you can save your progress in the course over the ninety day period.
- VLC has developed a new Block Unit option for cities that require training for three or more staff members! The Block Unit is designed to give you a significant savings over purchasing numerous courses individually. You may now purchase block units of training at a discount and have up to 365 days to complete the training. Visit www.virtuallearningconcepts.com or call Virtual Learning Concepts at 1-877-337-0673 for additional information about this economical option.
- Register online for the Austin PFIA Workshop now.
- Register online for the San Antonio PFIA Workshop now.
- Register online for the DeSoto PFIA Workshop now.
- Register for the PFIA-Online Workshop now.
- Review an online interactive version of the publicity.
- Print and mail the .pdf registration form to :
TML Administrative Services
1821 Rutherford Lane, Suite 400
Austin, TX 78754-5128
