Charles Francis’ Post

If you have an extra half hour during your commute, this podcast interview can be entertaining and informative! If you want the thumbnail version, paste the link into ChatGPT and ask for a summary.

Stop by the PARS | Public Agency Retirement Services League of Arizona Cities and Towns 2024 annual conference booth to see a unique visualization of your latest PSPRS actuarial report, to take a survey, and to participate in our gift card raffle!

In the video, Kevin O'Rourke discusses the benefits of PARS | Public Agency Retirement Services for managing #pension and #OPEB liabilities. He highlights the flexibility and customization offered by PARS's Section 115 trust, which helps public agencies mitigate pension funding challenges and reduce long-term costs. O'Rourke emphasizes the importance of proactive financial management and how PARS can provide a strategic solution to stabilize contribution rates and improve financial planning for public agencies.

Recommendation for Waterworth: A Valuable Partner for Local Governments I’ve had the pleasure of consulting with Waterworth for the past three and a half years, and I can confidently say that they are a game-changer for local governments. Managing water, sewer, storm drain and solid waste systems is no small feat, especially when it comes to ensuring financial sustainability while maintaining top-notch service for communities. Waterworth has consistently proven to be an invaluable tool, offering data-driven insights and intuitive financial modeling that empower local governments to make informed, proactive decisions. In addition to its impact on water management, I also had the opportunity to use Waterworth's software for one of my local government customers to set rates for their solid waste franchisee. The platform’s versatility and precision made the process seamless, ensuring fair and sustainable rates that benefited both the community and the service provider. Whether you’re navigating the complexities of rate setting, capital planning, or long-term financial stability, Waterworth provides the clarity and support needed to balance today’s demands with tomorrow’s challenges. Their platform and team bring both expertise and innovation, helping municipalities stay ahead of the curve in water management and beyond. If your local government is looking to enhance its financial strategies, I highly recommend partnering with Waterworth. They are a true asset to any public agency aiming to achieve financial and operational excellence. #Waterworth #LocalGovernment #PublicFinance #WaterManagement #SolidWasteManagement #Sustainability #FinancialPlanning

Unlocking the Future of Local Government Finance: Introducing the CFO Strategy Playbook for Local Government As local government finance leaders, we face unprecedented challenges in managing the financial health of our communities. The CFO Strategy Playbook—developed by the National Strategy Council for Local Government Public Utilities—is your essential guide to navigating these complexities. This playbook, crafted by experienced CFOs (Luis Pedroza, Bret Prebula, Joy Black, Anthony Moggio, Wes Smith) for their peers, provides actionable strategies that focus on: Long-term Strategic Planning: Ensuring sustainable infrastructure investments and financial resilience. Metrics to Guide Execution: Using key indicators like liquidity, credit, and operating ratio to align stakeholders and make informed decisions. Continuous Rate Management: Implementing a dynamic, data-driven approach to rate management that adapts to changing realities. Our mission (https://lnkd.in/gaK2QfEK) is to empower CFOs with the tools and knowledge they need to lead their organizations through the infrastructure crisis, ensuring intergenerational equity and financial sustainability. Whether you're a seasoned finance director or just stepping into the role, this playbook offers valuable insights that will help you drive your community forward. Join us in transforming local government finance—download the CFO Strategy Playbook today and be part of the solution. #FinanceLeadership #PublicUtilities #Infrastructure #LongTermPlanning #FinancialSustainability #ContinuousImprovement #CFOPlaybook

Celebrating my colleague and friend Jennifer Ustation on her outstanding spotlight feature by Government Finance Officers Association (GFOA)! Her dedication and expertise in public finance continue to inspire us all! #Leadership #PublicFinance #GFOA"

Navigating today's economic landscape requires strategic foresight and precise financial management, especially when it comes to handling #OPEB liabilities. In my latest white paper, I explore how local governments can leverage a PARS | Public Agency Retirement Services #Section115 OPEB trust to optimize their financial stability amidst market volatility. By capitalizing on current municipal bond index rates, there are significant opportunities to reduce liabilities and strengthen long-term financial health. Read on to discover how timely prefunding and proactive trust management can make a substantial difference in your OPEB strategy.

We at PARS | Public Agency Retirement Services are looking forward to connecting with all of our colleagues at GFOAz next week! https://shorturl.at/F1mFh

Mitigating Hidden Costs and Performance Drags in Public Pensions with Section 115 Trusts https://lnkd.in/gw5hyu_8

Mitigating Hidden Costs and Performance Drags in Public Pensions with Section 115 Trusts