New Whitepaper – GASB 79: Origin and Purpose
Following the 2008–09 financial crisis, the SEC implemented significant reforms to Rule 2a-7 governing money market funds, including floating net asset values and liquidity restrictions for institutional prime funds. Because GASB guidance for external investment pools had long relied on references to SEC money market fund rules, these regulatory changes created the need for a […]
WHITEPAPER: New Ethics Training Rules (SB 827)
With evolving regulations like California’s SB 827 ethics training rules, it’s important for public officials and finance professionals to understand what’s required, what’s changed, and how to stay ahead. Our latest white paper breaks it down: – Who needs to complete ethics training – Key requirements and timelines – Practical steps to ensure compliance Whether […]
WHITE PAPER: Understanding Repurchase Agreements
Local government investment pools (LGIPs) are one of the most common investment products utilized by state and local governments nationwide. Because public funds must be protected while remaining liquid, LGIPs typically invest in low-risk, short-term instruments. One of the most common investments utilized in LGIPs are repurchase agreements, or “repo(s).” Repos are widely used in […]
WHITEPAPER: Why Real Estate Drives California’s Fiscal Health
It has been stated time and again: Buying a home is the single largest investment most people make; home ownership is a key path to building wealth. For many, it is the American dream. But beyond the individual, what is real estate’s broader impact on the economy, communities, and society? Economy The real estate market […]
Whitepaper: The Importance of GIPS Compliance
Prudent investment management requires selecting managers who uphold the highest standards of transparency, ethical responsibility, and performance integrity.
The US National Debt: History and Impact of Budget Deficits
The United States Census estimated the US population to 337,194,721 individuals as of September 30, 2024.
Investment Policy Statements for California Entities: Updates for 2024 Policies
While mirroring CGC as closely as possible is ideal, it is a common practice for local governments to adopt investment policies more restrictive than CGC by incorporating industry best practices and recommendations offered by California Debt and Investment Advisory Commission (CDIAC), Government Finance Officers Association (GFOA), Association of Public Treasurers (APT) and California Municipal Treasurers Association (CMTA). The IPS should not only include specific language within CGC guidelines, but also reflect risk tolerance levels and values of your entity.
The US Labor Market
The US Bureau of Labor Statistics (or BLS) is charged with compiling employment data. We will briefly cover some of the main components that feature in this paper. The labor force is defined as the number of people aged 16 years and older both employed and unemployed.
Modern Monetary Inflation
As a thought experiment, one could ponder what would happen if a modern-day tycoon, such as Elon Musk, decided to liquidate all his assets and distribute his fortune equally to everyone.
Tightening Monetary Policy and Risk Management Considerations
The novel coronavirus pandemic that spread across the globe beginning in late 2019 and early 2020 presented nations with a crisis that threatened both the health of populations, as well as the vitality of national economies. As the pandemic spread, negative economic impacts resulting from pandemic mitigation measures were felt at a speed and scope not seen before.
