September, 2015
Who Could Have Guessed?
Registered Municipal Advisors are the Only Municipal Market Participant to Provide Municipal Securities Advice
By Steve Apfelbacher, President
When the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in 2010, none of us knew the significant changes it would cause in the municipal market. We understood that the Act regulated Financial Advisors as Municipal Advisors (MAs) and established a fiduciary duty on the part of the MA to their municipal clients. To meet the Act's requirements the Securities and Exchange Commission (SEC) approved a far-reaching Municipal Advisor Rule (the "Rule") that regulates Municipal Advisors and the activities of other market participants. 

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Ehlers Relocates IL Office
Move to Downtown Chicago Provides Opportunity for Growth 

In a 'move' provide for future growth, Ehlers has relocated it Illinois operations to the City of Chicago. 
The new office, which is located at 525 West Van Buren Street, is a 16-story, class-A office building which is within the Clinton Street Corridor of Chicago's West Loop. Situated just north of the Eisenhower Expressway and within blocks of Chicago's two main commuter stations, Union Station and Ogilvie Transportation Center, as well as the Clinton Station on the CTA Blue Line, the new location is ideal for accessibility to Ehlers' clients, business partners and team members.

Here We Grow Again!
Adding Three Key People to the IL Team
By Jennifer M Tammen, Municipal Advisor 

Ehlers is thrilled to announce the continued growth of its Illinois office by adding Adrienne Booker and Tricia Marino Ruffolo as Municipal Advisors, and Anthony Kalina as Financial Specialist, allowing for additional growth in the Chicagoland and Illinois public finance market.

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Knowing When It's Time to Review Your Utility Rates
Analyzing and Understanding Factors to Make Informed Decisions to Conduct a Formal Review of User Rates
By Jon Cameron, Municipal Advisor
When is time to review and adjust your user rates? The answer to this question may seem straightforward, especially if you anticipate that your utility's expenses will exceed its revenues or if your utility is facing a major capital project. But there are other important factors to consider when water, sewer and stormwater utility budgets are evaluated and approved. 
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Comprehensive Cash Forecasts are a First Step to Improving Investment Returns
Mapping Cash Input and Output
By Ken Herdeman, Ehlers Investment Partners President 

Cooling temperatures and back to school fervor means budget time in the public sector. With all the numbers going through the minds of finance directors, business managers and treasurers at this time of year, interest income may be the last number inserted into the revenue budget. And then whatever was booked for interest income last year will be plugged for next year. Now may be the time to reassess your approach to investments, especially if your investment program revolves around money market accounts, government investment pools or short term certificates of deposit. 
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