Rethinking Reserves
(Times listed in Mountain time zone)
Fee per person: $75-member, $120-nonmember
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*This webinar is included in the 2025 Annual Webinar Subscription.
*Subscribers will be registered separately.
Objectives
- Learn how to recognize and analyze risks that reserves guard against and translate that knowledge into a reserve strategy.
- Access tools for risk-savvy thinking in public finance.
- See how other local governments and public utilities have optimized their reserve strategies.
Expert Panel
Moderated by: Chris Morrill, Executive Director / CEO, Government Finance Officers Association (GFOA)
Shayne Kavanagh, Senior Manager of Research, Government Finance Officers Association (GFOA)
Goleta Water District:
- David Matson, General Manager
- KK Holland, Assistant to the General Manager
- McKenzie, Laura, Chief Financial Officer
Description
Governments are subject to financial shocks, including natural catastrophes, financial dislocations, and more. Financial reserves (a “rainy day” fund) are essentially a form of self-insurance that governments use to buffer themselves against these risks. But what are the risks governments should be concerned about and what size of reserves are appropriate to those cover risks?
In this webinar, we will answer these questions and more. Participants will leave with resources and strategies to apply risk-aware and risk-savvy thinking to reserves in their own organizations, with a special emphasis on water utilities.
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