the Dodd-Frank Act
to the Dodd-Frank Act, the stated aim of the legislation is
to "promote the financial stability of the United States by
improving accountability and stability in the financial
We'll keep you informed of changes in the
regulation process, and click here to read the most recent accomplishments as reported
by the SEC.
ASBO, MASA, NAIPFA, WASBO and MASBO
Fall is a busy time, and Ehlers had the pleasure of
attending five important conferences.
more each about each conference, click here.
Date-2011 Ehlers School Finance Seminar
Not only is April
15, 2011 Tax Day, but Ehlers is celebrating that day with its annual
School Finance Seminar held at the Radisson Roseville. Mark your
calendars and more information about the seminar will follow soon.
Expands Services to School Districts Through Partnership with Dr.
September, Ehlers announced a partnership with Dr. Greg Vandal and
his consulting firm - Vox Liberi.
retired this summer as superintendent of the Sauk-Rapids Rice School
District, after a long and distinguished career in school
administration. Ehlers has contracted for a portion of Greg's
time to assist in expanding and improving school district services.
Click here to continue reading.
Top 20 Thanksgiving
all can use a little help in the kitchen, so with Thanksgiving just
around the corner, check out the Top 20 Thanksgiving
recipes presented by AllRecipes.com before you go over the river and through the woods.
Change is in the
air as fall moves into winter. And speaking of changes, there are
some big changes occurring as the federal government passed
legislation that affects how financial advisory services
like Ehlers provides services to you and your community.
Rest assured that
at Ehlers, we have been and continue to act in a fiduciary
responsibility to all of our clients, because we've always been
independent financial advisors.
As clients of Ehlers, you will have received a
letter from us to further explain some of the changes we know about
in the near future. We'll also be posting a copy of the letter on
our website soon.
We're at the beginning stages of a lengthy
rule-changing process. Ehlers will bring you updates as
we keep actively involved with the regulations and how it will
impact the industry, like the SEC approving new amendments to
Rule 15c2-12, dealing with disclosures . The Ehlers Team
is committed to serving you and your community's best interests.
That will never change.
President and CEO
Assists Districts with Operating Referendums
by Joel Sutter, Senior
Ehlers provided advisory services to over 60 percent
of 77 Minnesota school districts which held operating referendums
on November 2.
This is an unusually high number of referendums
given the challenges of voting:
in the midst of a lingering recession; and on a
statewide general election day, when the large number of candidates
and questions on the ballot often makes it more difficult to pass
It is only because of the dire financial prospect
districts are expecting - with a large state deficit forecast and
the impending end of federal stimulus funds - that so many
districts would incur the time and expense of conducting a
referendum in such challenging times.
District Refundings Result in Debt Service Savings of $14 Million
One of our
services as a financial advisor is to monitor existing bond issues
and alert our clients if we believe it may be beneficial to refund
any of their existing issues. During August through October
of 2010, interest rates were at historic lows.
continually monitor existing bond issues, we were able to quickly
contact our clients about refunding opportunities and get bonds
sold in September and October.
Click here to continue
Offers Flexible Solutions for Cash Flow Borrowing
To help solve its
own budget shortfalls, the State of Minnesota has
"borrowed" nearly $2 billion from school districts over
the last two years - through the 70-30 aid shift, the property tax
shift, and further last-minute payment delays under statute
127A.46. These actions have severely reduced cash balances
for all school districts, leading to a greater need for cash flow
Remme Receives MASA's 2010 Polaris Leadership Award
The Minnesota Association of School Administrators
(MASA) recognizes exemplary school leadership of a MASA member with
20 or more years of administrative experience by presentation of
the Polaris Leadership Award at the MASA Fall Conference.
Click here to
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