CALAFCO U session set for January 13, 2020

October 18, 2019

Demystifying legacy costs associated with City and Special District reorganizations

Join us on January 13, 2020 in Orange County for our next CALAFCO University course. The session is from 10 a.m. to 3:30 p.m. Registration is open. Download the registration form and mail your payment to CALAFCO, or register and pay online. Registration deadline is December 20, 2019

This course covers the complex topic of legacy costs including CalPERS, OPEB, leave accrual payouts, claims liabilities and other known obligations. Analysis of these costs is instructive to determine potential impact on the financial capacity of the successor agency and tax payers, as well as informing conditions of approval for LAFCos. Estimating these costs and the length of time to amortize them is crucial to decisions by a city, district, LAFCo, JPA Board and third parties such as CalPERS.

This expert panel will share lessons learned from the perspective of LAFCo and special district practitioners, the mechanics and ramifications of amendment or termination of CalPERS contracts, amortizing unfunded liabilities and application of LAFCo terms and conditions related to legacy costs from legal and state perspectives.

Hear from a panel of subject matter experts including:

Cheryl Clary, Executive Director of Finance & Administration, Irvine Ranch Water District; Michael Colantuono, Partner, Colantuono, Highsmith & Whatley, LLC; ​Renee Ostrander, Division Chief, Employer Account Management, CalPERS; and Kathleen Rollings-McDonald, Rollings McDonald Consulting.

Session will be held at the John Wayne Airport Commission meeting room in the Eddie Martin Building.