Ehlers, Inc.

Brian Reilly, CFA, CIPMA

Brian Reilly, CFA, CIPMA

Senior Municipal Advisor/Principal

(651) 697-8541
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Brian has been a Municipal Advisor in the Ehlers’ Roseville office since 2003 assisting Wisconsin and Minnesota cities, townships, counties, public utilities, school districts, and special districts design and implement financial solutions. Brian has the ability to condense complex concepts and information into material that decision makers can easily understand and rely on. Brian carries special expertise in the areas of cash-flow analysis and debt planning and issuance.

Areas of Expertise

Debt Planning and Issuance

  • Analysis & Presentation of Alternative Financing Options, Plans And Tools
  • General Obligation Financings
  • Lease Revenue Financings
  • Utility Revenue Financings
  • Assessment-backed Financings
  • State of WI EIF Loans
  • WRWA Interim Financing Program
  • USDA Rural Development Loans
  • Non-Profit & Industrial Revenue Bonds
  • Refunding Analysis and Presentation
  • Defeasance Analysis
  • Debt Service Fund/Cash Flow Analysis
  • Representation to Bond Market & Credit Rating Agencies

Special Financial Studies

  • Utility Rate Study/Analysis
  • Budget Preparation Assistance

Strategic and Financial Planning

  • Debt Management
  • Financial Management Planning
  • Capital Improvements Planning

Economic Development & Redevelopment

  • Tax Increment District Creation & Amendment
  • Tax Increment Cash Flow Analysis
  • CDA / RDA Creation
  • Developer Pro forma Analysis/But For Test
  • Developer Negotiations
  • TIF Revenue Bonds/Pay-As-You-Go Structures/Calculation of Developer Payments
  • TIF Revenue Projection Update


  • Debt Studies
  • Derivatives Analysis
  • Healthcare Financing

Licenses and Certifications

  • Series 50 License
  • Certified Independent Professional Municipal Advisor (CIPMA) by the National Association of Municipal Advisors (NAMA)
  • Chartered Financial Analyst®

Professional Memberships

  • Wisconsin Government Finance Officers Association
  • Wisconsin Municipal Clerks Association
  • Municipal Treasurers Association of Wisconsin
  • CFA Society of Minnesota
  • National Association of Independent Public Finance Advisors
  • National Government Finance Officers Association


  • Bachelor of Science (Finance – emphasis in Security Analysis & Financial Planning)
    Minnesota State University, Mankato
    Honors: Magna cum Laude


Seven Tips for Crafting an RFP for Professional Services – Minnesota Cities, July/August 2017

Let’s Talk: Avoiding Trouble with Municipal Bonds – Minnesota Cities, July/August 2015

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