Sponsor Questions

Brittany Cline
Conference Sales Coordinator
E: bcline@benjaminmedia.com
P: 330-467-7588
F: 330-468-2289

Washington, D.C.

August 28th-29th, 2018

Agenda

Tuesday
2018-08-28
Wednesday
2018-08-29
07:30
Registration

Registration opens and a continental breakfast is provided

08:15 - 08:30
Opening Remarks
08:30
Session 1 — Financial Planning & Maximizing Revenue
08:30 - 09:00
What’s Your Water System Worth? Optimizing Utility Valuation — Anthony Festa, Director | Cushman & Wakefield; Fred Pfeifer, Asset Strategy Manager – Water Network | WSSC

This presentation will introduce basic appraisal concepts, and how they can be utilized to value the water system of a company or municipality. Using the three approaches to value (cost, market and income), the audience will get a feel for how appraisals are developed, reconciled across each method, and used to make financial accounting and engineering planning decisions. With the M&A marketplace ripe for transactions (i.e. – P3), and governmental mandates for appraisals in certain instances, knowing what your system is worth can put buyers and sellers ahead of the game in the decision-making process.

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Anthony Festa
Director | Cushman & Wakefield
Fred Pfeifer
Asset Strategy Manager – Water Network | WSSC
09:00 - 09:30
Wringing Money from Existing Water Budgets – Graham Symmonds, Chief Knowledge Officer | FATHOM; Joe Komisarz, Utility Services, Customer Service Manager | City of Cedar Hill, TX

This presentation will focus on the experiences of Cedar Hill, TX who employed advanced metering infrastructure (AMI), modernized data management and billing services to reduce the costs of billing by $394,000 per year, while increasing revenue by $426,000 annually. This net benefit of $800,000 annually coupled with cost containment guaranteed for 15 years has freed significant capital for Cedar Hill to invest in debt reduction and infrastructure.

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Graham Symmonds
Chief Knowledge Officer | FATHOM
09:30 - 10:00
Cash Reserve Guidelines – Andrew McCartney, Finance Manager | Fort Worth Water Department

Cash reserves are essential to ensure a utility’s long-term financial sustainability and resiliency. Attendees will learn how each utility system has its own unique circumstances and considerations that should be factored into the selection of the types of reserves and corresponding policies that best meet its requirements and objectives. Regardless of whether a utility has a single reserve or multiple reserves, it should consider how its total reserve levels compare against the published criteria of the rating agencies to understand the potential impacts of its policies to its credit rating. Moreover, a utility should also consider having formal adopted reserve policies that will guide and govern the actions of decision makers into the future and be well received by the investment community, versus the benefits of having informal policies that provide more flexibility from year to year.

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Andy McCartney
Finance Manager | Fort Worth Water Department
10:00 - 10:30
WIFIA Case Studies — Amit Srivastava, WIFIA Underwriter & Lan Anh Phan, Senior Financial Analyst | U.S. EPA
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Lan Anh Phan
Credit Risk Advisor | WIFIA
10:30 - 10:45
Networking Break
10:45 - 12:00
Panel Discussion: Connecting Established Funding Mechanisms to the Utility — Amit Srivastava, WIFIA Underwriter & Lan Anh Phan, Senior Financial Analyst | U.S. EPA
12:00 - 13:00
Lunch
13:00
Session 2 — Resilience, Consolidation & Partnerships
13:00 - 13:30
Financing Sustainable Infrastructure Upgrades through Performance Contracting — S. Rao Chitikela, Consultant | RC-WEE Solutions; Chris Kaiser | Johnson Controls

Many treatment plants today face tightening permit limits at a time when facilities and equipment are aging. The energy requirements and associated costs for water processing are also significant. Performance contracting integrates all elements of the project development and delivery, including a stipulated cash-flow with the arrangement of complete financing. A qualified provider (QP) is selected to develop and deliver the water infrastructure project and, provides the guarantee of engineered equipment, process, and energy efficiency of the project(s), for duration of the project(s). Performance contracting project(s) includes the triple bottom line (TBL) elements and delivers the sustainable water infrastructure upgrade, with applicable resiliency. This presentation will detail performance contracting method of development and delivery of water infrastructure asset renewal, and case studies will demonstrate the accomplishment.

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Chris Kaiser
Area Sales Manager | Johnson Controls
Dr. Rao Chitikela
Consultant - Water, Energy, & Environmental | RC-WEE Solutions
13:30 - 14:00
Budgeting & Forecasting — Kristy Neckowicz, President | InVizion LLC
14:00 - 14:30
New Financing Options to Address Non-Point Source Pollution — Michael Curley, Visiting Scholar | Environmental Law Institute
14:30 - 15:00
Networking Roundtables
15:30 - 16:00
P3s: Bridging the Gap Between Project Planning & Contract Award — Brian Shell Consultant, Alternative Delivery Advisory Services | WSP

This presentation will focus on the activities that lie between the project planning phase and contract award for public-private partnerships, with a focus on implications for water sector projects. Careful consideration and planning in the period prior to contract award can pay dividends for owners over a P3 concession period. Presentation will provide an overview of public-private partnerships and discuss the steps usually carried out by owners to arrive at this procurement option. Considerations and advantages/disadvantages for P3 contracting will be reviewed. The “value for money” analysis, which compares the P3 procurement method for a given project against a traditional design-bid-build method, and aids in the selection of an appropriate delivery method, will be reviewed. We will conclude with a review of the solicitation process commonly employed for P3 procurements. Attendees will learn about the role of holding an early industry forum, then we will review the procurement document stages. Discussion of the RFP process will include formulation of the evaluation criteria, proposal requirements, and assembly of an evaluation team.

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Brian Shell
Consultant, Alternative Delivery Advisory Services | WSP
16:00 - 17:15
Panel Discussion: The Financial Impact of Consolidation & Regionalization
17:30 - 19:00
Water Finance Conference Networking Reception with Keynote Speaker

Nicolette N. Bateson, CPA, CFO and treasurer of the Great Lakes Water Authority (GLWA) will share her extensive financial and public administration experience with attendees during the networking reception.

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Nicolette N. Bateson, CPA
CFO/Treasurer of the Great Lakes Water Authority (GLWA)
07:00
Registration

Registration opens and a continental breakfast is provided

08:00 - 08:30
Long-Term Financial Planning & Budget Forecasting — Jay Bernas, CFO | Hampton Roads Sanitation District
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Jay Bernas
CFO/Director of Finance | Hampton Roads Sanitation District
08:00
Session 3 — Affordability
08:30 - 09:00
How to Communicate Rates to the Public — Joseph Beach, CFO/Treasurer | WSSC

As Finance and Water Utility professionals sometimes we do not appreciate that our customers do not live in the world of rate structures, consent decrees, and income quintiles. This presentation will discuss the lessons learned by the Washington Suburban Sanitary Commission in engaging its customers on a revision to its volumetric water and sewer rate structure and the strategies that worked and those that did not work.

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Joseph F. Beach
CFO/Treasurer | Washington Suburban Sanitary Commission (WSSC)
09:00 - 09:30
Need Capital? Consider A Water System Replacement Fee — Bart Kreps, VP | Raftelis

In the past several years, DC Water initiated broad and sweeping changes to its core rate structure. A component of these changes included implementation of a Water System Replacement Fee (WSRF), targeted specifically at recovering costs associated with the renewal and replacement of aging infrastructure in its retail service area. The fee was designed such that it would provide a level of annual funding sufficient to recover 1 percent of DC Water’s capital replacement program expenditures. This presentation will discuss the process used to develop the WSRF including consideration of fee structure, assessment methodology, affordability, and various other factors.

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Bart Kreps
Vice President, Raftelis
09:30 - 10:00
State-Level Legal & Financial Barriers to Establishing CAPs — Jeff Hughes, Director, Environmental Finance Center | University of North Carolina School of Government

Presentation of the results of a 50 state study on the diverse legal barriers to establishing customer assistance programs and the strategies for overcoming them.

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Jeff Hughes
Director, Environmental Finance Center | University of North Carolina School of Government
10:00 - 10:30
Networking Break
10:30 - 11:45
Panel Discussion: Defining Affordability: Is Water A Right? — Andrew Burnham, VP, Financial Services | Stantec; Tony Hyde, Fmr. Oregon Mayor and County Commissioner; Scott Berry Director of Policy of Government Affairs | US Water Alliance
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Scott Berry
Director of Policy of Government Affairs | US Water Alliance
11:45 - 13:00
Lunch
13:00
Session 4 — Looking Ahead: The Future of Water Project Finance
13:00 - 13:30
Advance Refunding of Municipal Bonds — Emily S. Brock, Federal Liaison | Government Finance Officers Association

The 2017 Tax Cuts and Jobs Act eliminated the use of tax-exempt advanced refundings by municipal entities. Advanced Refundings was a tool that was effectively used to save substantial sums of money (at least 20% of the market in 2017) to free up capital for infrastructure. Why was it eliminated? How is the market reacting? Do we have any chance in bringing them back? In this interactive session, we will use data to talk about the impacts and next steps to reviving this very important tool to finance infrastructure.

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Emily S. Brock
Director and Federal Liaison | Government Finance Officers Association
13:30 - 14:00
How Is Municipal Water/Wastewater Utility Financing Changing? — Ted Chapman, Senior Director | U.S. Public Finance Infrastructure Group, Standard & Poor’s
14:00 - 15:00
Panel Discussion: The Outlook for Water Infrastructure Finance
15:00 - 15:15
Closing Remarks
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