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Treasury & Debt Management
David A. Bryant, Treasurer
Bureau of Treasury and Debt Management
125 S. Clark St., 13th Floor
Chicago, IL 60603
Telephone: 773.553.2790
Fax: 773.553.2791
E-Mail: dbryant@cps.k12.il.us
Mission Statement and Activities for Bureau of Treasury
To manage CPS treasury operations and debt financing activities to optimize cash flow and investment earnings and to obtain the lowest cost financing for capital projects.
Treasury operations include: investment of operating funds and bond funds, daily funds movements, daily cash forecasting and long-term cash flow analysis, daily investment accounting and reconciliation, bank and broker relationship management, and special projects. Debt financing activities include: the development, implementation, and administration of financing programs for the Chicago Public Schools Capital Program. Functions within Debt include: accounting / reconciling debt service and investments, working with underwriters and financial advisors, reporting / monitoring compliance, and investor relations.
Contacts
David Bryant, Treasurer
773-553-2790 or dbryant@cps.k12.il.us
Banking relationship issues / Internal Accounts consolidation
Thomas Maloney, Deputy Treasurer
773-553-2800 or tmaloney@cps.k12.il.us
Homeownership Program / Lunchroom cash management and change / Preschool Daycare Tuition Program collections management / Equipment and other financing needs
Steven Biedermann, Portfolio Manager
773-553-2794 or sdbiedermann@cps.k12.il.us
Financial donation and gift to schools / Advice to schools on investments and the CPS Investment Policy
Sandra DeAngelus, Debt Manager
773-553-2795 or sdeangelus@cps.k12.il.us
Qualified Zone Academy Financing
FY04 Accomplishments
- Refunded certain outstanding bonds resulting in approximately $45 million in debt service savings over the life of the refunded bonds.
- Restructured SFA Bonds resulting in approximately $33 million in additional funds.
- Issued $258 million Series 2003D bonds supported by State Aid revenues for the CIP, exceeding minimum goal of $220 million.
- Issued additional QZAB bonds as allocated by the State.
- Implemented Investment Portfolio section of Oracle Treasury Management module, resulting in reduced payments to outside vendor of approximately $120,000 per year.
- Completed comprehensive RFP for all cash management and banking services.
- Negotiated repurchase agreements with several providers.
- Developed Leasing Policy for Board adoption.
- Enhanced return on managed portfolios by establishing certain depository agreements and bidding out additional investment agreements.
- Streamlined additional cash management processing with the City Treasurer’s Office.
- Closed out certain Bond funds.
- Met certain spend down requirements of 2003A,B to maximize retention of investment earnings on bond proceeds.
- Worked with Legal Department to establish electronic debit for Settlement Agreement.
FY05 Goals
- Issue additional new money bonds.
- Issue three series of TIF Bonds.
- Issue additional QZAB bonds as allocated by the State.
- Implement full functionality of forecasting and debt management sections of the Oracle Treasury Management module.
- Develop leasing vendor pool and leasing processes.
- Enhance return on managed portfolios via use or Repo agreements and other rising rate environment investment tools.
- Conduct bi-annual RFI from underwriters.
- Implement school consolidated banking program(s).
- Close out of additional Bond funds.
- Complete spend down requirements of 2003A,B to maximize retention of investment earnings on bond proceeds.
- Work with Teacher Housing Resources Center to promote attraction and retention of teaching staff through various incentives.
- Work with Partnerships to implement and market a program for making taxed advantages gifts to schools.
- Work with Purchasing and Accounts payable to enhance / expand CPS Procurement Card Program.
Forms Link
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