APRIL 30, 2012
Issue: 5
First Annual CaLBOC Statewide Conference
Register Now! Limited Seating!



Our First Statewide Conference is on Friday May 11 in Sacramento. This is a FREE event with presenters and panelists from all over California, includes continental breakfast and a gourmet lunch.
See below for highlights on Special Guest Speaker Lori Raineri


Register for the Conference at: calboc.eventbrite.com
Download Conference Program (540k): Program2012.pdf


Topics include: 
- The History of CalBOC 
- CaLBOC Legislative Program: Past, Present and Future
Best Practices for Citizens' Bond Oversight Committees:
- The Manhattan Beach CBOC Website, Informing the Public
- Sample Bylaws & The Brown Act, Panel Discussion

Unconventional School Bond Financing Structures


Capital Appreciation Bonds, Forensic Accounting Tips

Case Studies in Technical Financial Analysis


Premier of CaLBOC First Training video -- And more! 
CaLBOC Statewide Conference Highlights
Preserving the Public Trust:
Case Studies in Technical Financial Analysis

Special Guest Speaker Lori Raineri, President of Government Financial Strategies will present case studies which illustrate common financial inefficiencies and the resulting loss of value for taxpayers. Attendees will learn how to discover the bottom line cost of bond financing strategies, as well as foundational flaws in a bond program. Government Financial Strategies has performed dozens of third party financial reviews of California school bond programs, and from this archive. Lori will demonstrate financial analysis performed to isolate costs and understand bond financing techniques.          



Government Financial Strategies is an independent public finance consulting firm providing financial solutions to public agencies. Founded in 1988, they have put together hundreds of financial plans, and helped finance billions of dollars of public projects for over 300 different California public agencies comprising every sector of government.


The Fiscal Report:
A Cautionary Update on General Obligation Bond Property Taxes


Lori Raineri is a Certified Independent Public Finance Advisor and a Certified Fraud Examiner. She served on the Board of the National Association of Independent Public Finance Advisors. Lori has developed long-range capital financing plans for hundreds of public agencies and is well known for her ability in financial analysis. Lori has been a keynote speaker for the California Treasurer-Tax Collectors Annual Education Conference, the California Auditor-Controllers' Annual Conference and the California County School Superintendents Annual Business and Administration Conference, among others. The focus of each of these presentations has been the principles of debt financing, including numerous case studies that demonstrate the value of best practices, and ethics.  

In This Issue
Article Headline
Featured Article

May 11 conference 

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First Annual CaLBOC Statewide 
May 11, 2012

10:00 am - 5:00 pm


The Courtyard
1322 O Street
Sacramento, CA 9581
One Block from
Capitol Park
Mission Statement 
What is Our Mission  

To promote school district accountability by improving the training and resources available to California's Proposition 39 School Bond Oversight Committees and educating the state legislature, local school boards and the public about the oversight and reporting powers these Citizens' Bond Oversight Committees (CBOCs) have, and to advocate on a state level, where appropriate, on issues of common concern to all CBOCs.

About CaLBOC 
What is CaLBOC? CaLBOC was formed in 2006 by CBOC members trying to find better training to help them perform their duties. Our first training session was held in San Jose in 2007, and we incorporated in the State of California in 2008. In 2009 we were recognized as a 501(c)3 charitable organization by the IRS.
We encourage you to post and comment on our CaLBOC Blog   
California League of Bond Oversight Committees, 510-799-1141, calboc1@aol.com