2025 CSMFO Annual Report

2025 CSMFO ANNUAL REPORT

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Executive Reports

President Message Jennifer Wakeman, City of San Ramon As we close 2025, I am proud to reflect on a year defined by connection, growth, and shared purpose for CSMFO. This year reaffirmed who we are as an organization and where we are headed. Over the past five years or so, CSMFO leadership has increasingly recognized that the association has evolved well beyond offering a handful of strong trainings and networking events at the local and statewide levels. Today, CSMFO is a recognized leader nationally — distinguished by the quality and breadth of professional development we provide, the depth of engagement with members and leaders across all career stages, and our growing influence within the public finance community.

This recognition of CSMFO’s expanded role prompted much of the change implemented in 2025, including issuing a request for proposals for association management services, contracting with a new Executive Director, establishing a refreshed strategic planning framework, and advancing several other organizational improvements. Together, these efforts directly supported our new vision: CSMFO will shape the future of California public finance by creating the premier professional community for knowledge and resource sharing, cultivating future leaders, while advancing the highest standards for fiscal excellence.

Everything we accomplished this year — from education and conferences to chapter engagement and regional partnerships — moved us closer to that vision. It has been an honor to serve as your President during such a dynamic and meaningful year.

Setting the Course for 2025 Under the new strategic plan framework, the Board and leadership team focused on aligning our programs and initiatives around three guiding goals and objectives to be used for 2025-2027: • Building organizational stability by ensuring long-range planning for consistent fiscal and operational health, supported by strong staff and volunteer roles.

• Focusing on professional development that delivers high-quality training and education opportunities, offering programs and networking that meet our members and colleagues where they are, while fostering mentorship, leadership, and career advancement.

• Cultivating member engagement by understanding member needs and promoting participation though networking, courses, and conference, while encouraging active volunteerism, and building an inclusive and diverse membership through targeted outreach.

These goals and objectives were not abstract ideas — they showed up in how we designed our conference, how chapters structured meetings, how we approached partnerships, and how we communicated with members throughout the year.

2025 Annual Conference: Educate, Connect, Empower A highlight of our year was the 2025 CSMFO Annual Conference, held in February in San Jose. Under the theme Educate, Connect, Empower, the conference brought together more than 1,600 municipal finance professionals from across California for four days of learning and connection, making it the largest northern California conference to date. The energy was evident throughout — full session rooms, lively hallway discussions, and a consistently active exhibit hall.

Educational programming remained central, with sessions spanning budgeting, accounting, treasury, pensions, debt, revenue forecasting, leadership, and emerging issues. The exhibit hall featured more than 100 vendors and served as both a resource hub and a space for meaningful relationship-building. Networking extended beyond formal sessions through workshops, social events, and recreational activities, while strong use of the conference app highlighted CSMFO’s ability to blend in-person engagement with digital tools. Above all, the conference reflected our vision of building the premier professional community for shared learning and fiscal excellence.

Chapter Strength: Local Connections, Statewide Impact While the Annual Conference connects us statewide, our chapters are where CSMFO’s community thrives year-round. In 2025, chapters across California delivered strong programming that addressed local needs while reinforcing statewide standards of excellence. Meetings across the state provided timely education on fiscal policy, economic trends, legislative updates, and municipal finance best practices.

Just as important, chapter events fostered connection through networking gatherings and informal meetings that strengthened regional relationships. Chapter leaders deserve special recognition for their dedication, ensuring CSMFO remains accessible, relevant, and responsive to members statewide. I look forward to working closely with this group as the 2026 Past President!

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Executive Reports

President Message Continued Jennifer Wakeman, City of San Ramon Looking Ahead to 2026 As we move into 2026, we do so with momentum and optimism. Planning is already underway for another strong year of education, engagement, and leadership development, including our next Annual Conference in Palm Springs.

We will continue refining our programs to align with our vision, expanding opportunities for knowledge sharing, leadership growth, and professional connection. The challenges facing local governments are real, but so is the collective expertise and dedication of our members.

A Final Thank You I want to express my sincere gratitude to our members, volunteers, chapter and committee leaders, sponsors, and staff. Your commitment to public service and professional excellence is what makes CSMFO such a remarkable organization. Together, we are shaping the future of California public finance — by learning from one another, supporting one another, and holding ourselves to the highest standards.

On a final and more personal note, there are moments in every leadership journey when self-doubt quietly enters the room. What matters most in those moments is not allowing doubt to slow your progress or dim your purpose. Growth often happens just beyond uncertainty, and leadership requires the courage to keep moving forward, even when confidence waivers. If this year has reinforced anything for me, it is that the journey is worth continuing – with curiosity, humility, and trust in the people by your side.

Thank you for an outstanding 2025. It has truly been an honor to serve.

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Executive Reports

President Elect Message Stephen Parker, City of Upland Karla Romero, Coachella Valley Water District CSMFO Leadership Transition and Strategic Momentum Mark a Pivotal 2025 In 2025, CSMFO experienced a year defined by both unexpected change and forward-looking progress, underscoring the organization’s resilience and depth of leadership.

In October 2025, CSMFO’s President-Elect Karla Romero made the difficult decision to step down from the role following an unfavorable health diagnosis. In response, the Board acted swiftly to ensure continuity of leadership, and Stephen Parker was elected to complete the remainder of the term. Parker is slated to assume the presidency in 2026, making 2025 a shared chapter of leadership transition and collective accomplishments.

Throughout 2025, significant effort was devoted to planning the 2026 CSMFO Annual Conference.

Enhancements to the conference experience included the introduction of a new Volunteer Recognition Event and a reimagined President’s Dinner. Leveraging expanded convention center space, the Host Committee redesigned the exhibit hall to feature interactive experiences, a coffee bar, seating areas, and additional opportunities for vendor engagement. The Thursday evening networking event draws inspiration from the Coachella Valley’s renowned music festivals and vibrant arts culture, promising a dynamic, sensory-rich environment for members to reconnect and build new professional relationships.

As conference planning neared completion, attention turned to governance and leadership development.

The 2026 election cycle progressed on schedule, with the slate of candidates finalized in September 2025, elections conducted in October, and new Board Members announced in early November.

The 2026 Strategic Planning Session was held in early November 2025. Preparation for the two-day, in-person session included leadership interviews and member surveys conducted in August and September. These efforts culminated in the development of a strategic framework to guide CSMFO’s goals and priorities for 2026.

The President-Elect role proved to be both dynamic and rewarding, offering numerous opportunities to engage with members and contribute to the organization’s mission. We extend our appreciation for the opportunity to co-serve during a year marked by collaboration, adaptability, and a strong foundation for the future.

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Executive Reports

Past President Message Ernie Reyna, City of Perris Reflections on My Final Year In 2025, I concluded my service on the Executive Committee as well as my term on the Board of Directors for CSMFO. Volunteering throughout my tenure has been incredibly rewarding, offering numerous opportunities for personal and professional growth.

As I step away, it is especially gratifying to witness the emergence of a new generation of members who are actively participating in various committees, chapters, and the Board. Observing their dedication and enthusiasm is not only satisfying but also provides reassurance that CSMFO’s future is secure and in capable hands.

Role and Responsibilities as Past-President As Past-President, my primary responsibility was to serve as the liaison between the Board and the 20 chapters located throughout the state.

In this capacity, I worked closely with chapter leaders and the Executive Director, meeting on a bi-monthly basis to discuss topics of current interest and importance. These regular meetings were designed to ensure that each chapter addressed the needs of its members effectively and remained aligned with the organization's overall mission and goals.

Having previously served as chapter chair for the Inland Empire, I have observed firsthand how the needs of each chapter have evolved over time. Despite these changes, the core of every chapter remains focused on delivering educational content and providing valuable networking opportunities. These elements continue to be central to the member experience and are essential in supporting the professional development of all involved.

Establishment of Government Finance Professionals Week As my tenure on the Board came to a close, it was important to me to leave a lasting contribution that would honor and elevate the finance community. In pursuit of this goal, the Board has recently approved the creation of CSMFO’s own Government Finance Professionals Week.

This special recognition will be observed annually during the last week of March, with the inaugural celebration scheduled for March 23, 2026, through March 27, 2026.

Finance professionals play a vital role in the development of transparent and accessible budgets and financial reports. Our responsibilities are vast and complex, encompassing the management of a variety of funds, preparation of cash flow analyses, investment statements, grant administration, and the issuance of debt instruments. Additionally, we are tasked with ensuring compliance with an array of regulations, including Proposition 13, Proposition 26, and Proposition 218. Preparing the Gann Limit for budgets and meeting CalPERS requirements are also integral aspects of duties, all within the scope of extensive state and federal mandates.

The work performed by finance professionals provides essential analysis that supports policymaking, labor negotiations, infrastructure planning, and long-term strategic financial decisions. Our dedication not only facilitates sound governance but also strengthens the fiscal integrity of our communities.

Establishing Government Finance Professionals Week serves several important purposes. It promotes transparency and public trust in the financial operations of government entities. The recognition also enhances workplace morale and supports staff retention, affirming the value and professionalism of those dedicated to financial stewardship. Ultimately, this initiative underscores the commitment of finance professionals to uphold responsible governance and ensure the continued success of our organization.

Reflections on My Board Service My time serving on the Board has left me with cherished memories and lasting impressions that I hold dear. The experiences and insights I gained during my tenure have made a permanent impact on both my personal and professional journey. Regardless of where my career path leads in the future, I will always be grateful to CSMFO for equipping me with an array of invaluable tools and resources. These have prepared me to confidently face any challenges that may arise, and I am thankful for the opportunities and support that CSMFO has provided throughout my service.

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Executive Reports

Executive Director Message Margaret Moggia, Executive Director As I reflect on the 2025 accomplishments of the CSMFO Board and volunteers, I happen to come across the meaning behind the changing zodiac signs from the Year of the Snake (2025) to Year of the Golden Horse (2026). The meaning behind each of these are so connected to CSMFO's journey this past year and where it will lead us to in the upcoming year.

The Year of the Snake symbolizes wisdom, transformation, intuition, and rebirth, representing a time for deep introspection, shedding old habits, and strategic planning for future growth, often seen as a fertile period where past efforts yield results.

2025 began with a time to re-evaluate ourselves internally with the introduction of a new administrative support staff and my hiring as the Executive Director. While these decisions were made in late 2024, the reality of these changes began at the start of the year. We revisited processes, policies, and purpose. Each of these efforts were guided by a new strategic action plan that centered around organizational sustainability, member engagement and professional development. With specific objectives, target dates, and volunteer champions, the energy around defining the next version of who we are to our members was at the forefront of our busy agenda for the year ahead.

Thoughtful and sometimes tough decisions were made to reflect a greater understanding of what we need to be as a volunteer team and further define what is meant to be fully present to the members building upon years of growth. Internally we balanced budgets, organized our governance documents, simplified financial reporting, and created new policies. Externally we learned more about our member needs through surveys, exploring strategic partnerships, evaluating new educational courses, and developing a new award program.

I'm proud of the volunteer team who made a difference. Yes, we checked off boxes to show we completed so many objectives. More importantly, what makes me smile is their presence and enthusiasm to make a difference. The volunteers added this workload on top of their own work responsibilities, and showed up for the many members who are part of this local government finance family. At our September board meeting, I was moved by the Board's realization of how we transformed CSMFO. It has been a privilege to witness the rebirth of CSMFO - not to change it but to sustain it. I was able to attended countless committee meetings, contribute to the dialogue of what it means to be a member, build strategic partnerships, and meet members throughout the year from conference, chapter meetings, and weekend training, and even across the states at the GFOA Conference in Washington DC. While I saw transformation for CSMFO, I know that I continue to be a student - learning how to best serve our members in an evolving landscape of professional staff, building bridges with other associations, and staying current on the issues impacting local governments and our communities.

Looking ahead to 2026, the Year of the Golden Horse, it signifies a dynamic period symbolizing passion, freedom, rapid progress, and bold action but it also brings transformative opportunities but requiring strategic navigation. Let's stay focused on the road ahead - we may be challenged yet we have the opportunity to grow through these times. We go into the year guided by our successes in 2025 and a new action plan to deliver continuous growth of our education course offerings and member engagement through meaningful mentoring, resources and connections.

The year begins with the annual conference and the launch of the Government Finance Professionals Week – a celebration of the individuals who support local government and reinforces CSMFO’s mission to support excellence in local government finance, promote ethical stewardship, and prepare the next generation of public finance leaders, and will lead us to deepening our understanding of the benefits we provide to each of our members, and hearing and celebrating the member stories.

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COMMITTEE REPORTS 9

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Committee Reports

Administration Committee Chair: Don Patterson, Las Virgenes Municipal Water District Vice Chair: Christie Donnelly, City of Lompoc Board Liaison: Kyle Johnson, City of Glendora Senior Advisor: Jesse Takahashi, Retired Members: Felicia Galindo, City of Tracy; Troy Grunklee, City of La Puente; Mike Sung, City of Millbrae; Brett Miller, San Benito County Water District; Alberto Preciado, City of Citrus Heights; Clarissa Domen, City of Brentwood; Stacy Dabbs, City of Colton; Gloriann Sasser, Moraga-Orinda Fire Protection District 2025 Strategic Objectives: • Create inventory of documents that reference roles/responsibilities • Review By-laws within the context of the other proposed document changes (on hold) Summary of 2025 Committee Activities: During 2025, the Administration Committee focused on reviewing business practices of the association as compared to best industry practices in conjunction with Impact Association Management. The committee also reviewed current use of technology with the goal of streamlining duplicative systems, thereby reducing cost to the association. The committee also looked for potential non-dues revenue generation and focused in on potential advertising revenue as a means to provide a high level of service to our members while being conscious of controlling future dues increases. Additionally, follow migration of the website to Impact Association Management, numerous programming challenges were identified that require re-programming www.csmfo.org.

Notable Accomplishments: • Reviewed Current Platforms and Identify Opportunities for Consolidation • Eliminated Basecamp and consolidated collaboration platforms to KnowledgeBase.

• Review of Policies and Procedures resulted in updated policies, including: • Conflict of Interest, including annual Conflict of Interest Form to be completed by Board members and association volunteers.

• Records Retention • Whistleblower • Crisis Communication • Began exploration of advertising opportunities to increase non-dues revenue.

• Developed plan to repair and re-program CSMFO website.

Plans for 2026: The three focuses for the Administration Committee in 2026 include: • Complete repair/re-programming of CSMFO website.

• Develop and present a proposal related to advertising to the CSMFO Board.

• Return to review of Bylaws.

Recognition: Special recognition to those that volunteered to lead subcommittees including Brett Miller, Gloriann Sasser, and Vice Chair Christie Donnelly.

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Committee Reports

Career Development Committee Report Chair: Nick Kurns, City of Santa Cruz Vice Chair: Grace Zheng, City of Mountain View; Jennifer Fillinger, Cucamonga Valley Water District Board Liaison: Debbie Rosales, Las Virgenes Municipal Water District Senior Advisor: Mary Bradley, Retired Members: Lorena Quijano, Retired; Licette Maldonado, City of Carpinteria; Laura Nomura, Retired; Teri Willoughby, Retired; Viki Copeland, Retired; Amber Johnson, County Connection; Christina Winnicki, Ross Valley Sanitary District; Margaret O’Brien, City of Concord; Melanie Purcell, Transportation Authority of Marin; Stephanie Reimer, Monte Vista Water District Staff: Harriet Commons 2025 Strategic Objectives: • Identify target groups/audiences for messaging based on category and/or interest • Evaluate Learning Management System. Make recommendations to replace or improve current system • Evaluate existing training opportunities and identify gaps based on member interests.

• Develop training paths, across member career levels/progression Summary of 2025 Committee Activities: In 2025, the Career Development Committee managed a robust schedule of monthly webinars and core courses. We delivered high quality training in governmental accounting, budgeting, and financial management, and successfully re-introduced in-person events such as Public Speaking for Finance Professionals and the 2025 Weekend Training program.

Key activities included: • Webinars: Monthly sessions reached over 3,500 attendees. Topics ranged from State Fiscal Updates, bank reconciliations, federal actions impact on local governments, to procurement and people management.

• Core Courses: Facilitation of Intro to Governmental Accounting, Intermediate Accounting, Budgeting, Investment Accounting, Capital Asset Accounting, and ABC’s of Municipal Finance, and Financial Management and Analysis. We also provided Advanced Specialty Accounting training sessions on Debt Reporting, Lease Reporting, SBITA, and Pension & OPEB Reporting.

• In-Person Training: Successfully delivered the Weekend Training program in Long Beach and Public Speaking for Finance Professionals course at Cucamonga Valley Water District.

Notable Accomplishments: Strategic Goals: We completed four strategic objectives: identifying target groups for outreach, evaluating the Learning Management System, evaluating training gaps & opportunities, and development of training paths.

New Courses: Developed new “Procurement Essentials for Finance Leaders" which will first be offered in 2026 but was successfully introduced as a webinar in October. Made updates to “Advanced Specialty Topics” offering to include GASB 103 and offer additional SBITA sessions which were very well attended.

Strong Engagement: A total of 33 core courses were offered drawing 1,240 registrations. Eleven webinars delivered generated 3,498 registrations. The top drawing webinars were January’s "State Fiscal Update" drawing 423 registrants and "Mastering Bank Reconciliations" in July drawing 418 registrants.

Plans for 2026: The committee plans to formalize messaging and processes for student pricing. Also, the committee is reviewing the "ABCs of Municipal Finance" syllabus to determine alignment with SB 827 training requirements. A working group is planning the 2026 Cyber Seminar. The 2026 webinar calendar is in development, kicking off with the "State Fiscal and Economic Update" in February.

Recognition: Big thanks to Lorena Quijano, Licette Maldonado, Harriet Commons, Laura Nomura and MAMS, and Katie Floyd and Impact for their collaboration on the 2025 Weekend Training program.

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Committee Reports

Commercial Partner Committee Report Chair: Wing-See Fox, Urban Futures Inc. Vice Chair: Laura Labanieh, CalTRUST (Interim); Evelyn Morentin-Barcena, RAMS CPA Board Liaison: Tim Seufert, NBS Senior Advisor: Scott Catlett, Eide Bailly; Neil Murthy, Chandler Asset Management Members: Tori Roberts, CPA APAC; Joan Michaels-Aguilar, HdL; Eden Casareno, Eadie Payne LLP 2025 Strategic Objectives: • Develop and implement survey. Determine questions to be asked, identify audience, and determine whether there are existing surveys that can be leveraged or a new survey to be developed. Create and send survey(s) and evaluate surveys Summary of 2025 Committee Activities: 1. Developed and Implemented Commercial Membership Survey • Determined questions to be asked, identified audience and implemented new survey • Evaluated results of surveys and presented to/received feedback from the Board: Membership Benefits Utilization • Most members engaged with chapter meetings (85.7%/53.6%) and discount pricing for CSMFO conference (67.9%).

• Access to member directory (39.3%) and utilization of the member communication forum (32.1%) were moderate.

• Benefits like participation on a CSMFO standing committee, discount pricing for CSMFO educational classes, and advertising were also utilized, but less frequently.

Benefits Important for Membership Decision • The top factors were networking with current and potential clients (96.4%) and education/knowledge sharing (71.4%).

• Other important factors included advertising, discount pricing for events, and leadership opportunities.

Interest in Firm-level Membership • About 73% (19/26) would be interested in a firm-level membership covering multiple employees.

• Willingness to pay additional fees for CPE credits and interest in tiered pricing based on firm size suggests some flexibility in pricing structures.

Pricing and Tiered Options • Many respondents would consider tiered pricing if their firm included 3 or more staff members.

• The maximum price point where firms would reconsider their interest varied, with responses ranging from $500 to $3000.

Participation & Sponsorship • Most firms are involved in sponsoring the annual conference (92.6%) or attending the annual conference (81.5%).

• Many firms have employees that have an active annual membership and sponsor local chapter meetings.

Barriers & Suggestions • Main reason for not being members is unclear.

• Some respondents provided suggestions on membership pricing and benefits; however, a significant portion did not.

2. Held Commercial Roundtable Meeting • Discussed sponsorship opportunities for 2026 CSMFO Conference • Discussed feedback on firm-level Commercial Membership as well as an annual sponsorship structure.

3. Conducted Interviews with a Diverse Mix of Commercial Partners through an Ad Hoc Subcommittee • Discussed feedback on firm-level Commercial Membership as well as an annual sponsorship structure. » Name the top 3 reasons why your firm sponsors CSMFO’s annual conference? » What considerations do you have on deciding who becomes a CSMFO member from your firm? » If you are not a member, why? » Review benefits (see matrix) – what’s missing that you would like CSMFO to consider? Are increasing benefits and increasing the number of employees with access to these benefits valuable? » Would you prefer a transition from the status quo to a firm-level membership or annual sponsorship? » Is being involved in CSMFO’s strategic direction and leadership an important benefit for you? » What type of advertisement opportunities would you be interested in taking advantage of (i.e., print, digital, commercial)?

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Committee Reports

Commercial Partner Committee Report Continued 4.

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Submitted Article to CSMFO News Summarizing Activities of the Commercial Partner Committee Provided feedback on Advertising Subcommittee of Administration Committee Working on Fleshing out Pricing, Business Case/Financial Impacts, and Benefits for 2027 Firm-Level Commercial Membership

Notable Accomplishments: Made significant progress on introducing new membership structure and creating/articulating value for Commercial Membership.

Plans for 2026: 1. Complete the work that was started in 2025 and implement Firm-Level Commercial Membership for 2027. This includes reaching out to other Committees to establish Commercial Membership benefits (i.e., Chapter Meeting pricing, MarketPlace, Webinar submissions, advertising opportunities, etc.) as well as working with Impact on database requirements (i.e., ability to register the firm as member and individuals under the firm, etc.).

2. Begin exploration of Annual Sponsorship structure that would include Annual Conference sponsorship.

Recognition: Thank you to Laura for stepping in as Interim Vice Chair while Evelyn was on maternity leave!

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Committee Reports

Communications Committee Report Chair: Jennifer Becker, City of Burbank Vice Chair: Heidi Schoeppe, Webb Municipal Finance, LLC; Erika Gomez, Three Valleys Municipal Water District Board Liaison: Alberto Preciado, City of Davis Senior Advisor: Drew Corbett, DKG Consultants; Will Fuentes, City of Campbell Members: Karla Romero, Coachella Valley Water District; Rich Lee, City of South San Francisco; Thomas Leung, City of Los Altos Hills; Neil Murthy, Chandler Asset Management; Wing-See Fox, Urban Futures; James Russell-Field, Fairfield-Suisun Sewer District 2025 Strategic Objectives: While the Communications committee had no direct strategic objective identified for their committee, they did support the overall association by ensuring that communication on the progress was shared with members.

The Communications Committee supported organizational sustainability by publishing governance- and operations-focused articles such as “Board Highlights,” “Election Results,” “Strategic Plan Summary,” and “Conference Metrics – Conference by the Numbers.” These communications increased transparency, reinforced accountability, and ensured members had timely access to organizational decisions, performance data, and long-range planning efforts.

Professional development objectives were advanced through consistent promotion of training and conference-related content, including “PreConference Sessions,” “Featured Speaker,” “Get to Know Your President,” “Get to Know Your President-Elect,” and the 2025 Conference Magazine. Additional articles such as “Per Diem: Point/Counterpoint,” “CalPERS Update,” and budget-related features supported ongoing technical learning, while podcasts and leadership interviews extended educational access beyond traditional formats.

Member engagement was strengthened through articles highlighting participation, recognition, and connection, including “Chapter Roundups,” “Mentorship/Cohort Program Update,” “Volunteer of the Year,” “Membership Cohort Update,” and “Update Your Membership Profile.”

Conference storytelling, first-time attendee features, and chapter event coverage fostered networking, volunteerism, and broader involvement across regions, career stages, and member types.

Summary of 2025 Committee Activities: Content Development and Publication During 2025, the Communications Committee produced approximately 50 to 60 articles, averaging four to six articles per month, to ensure consistent, timely communication with members. Published content spanned a wide range of categories, including conference communications such as metrics, featured speakers, registration milestones, and pre-conference sessions; board actions, election results, and strategic plan updates; chapter roundups representing regions across the state; professional development and mentorship program updates; commercial member features and sponsor-related content; and recurring editorial columns such as Editor’s Alley. This approach allowed the committee to maintain a balanced mix of recurring features and one-time, time-sensitive articles.

Conference Magazine The committee coordinated the development of approximately 15 to 20 magazine-specific articles for the 2025 Conference Magazine, managing author assignments, editorial review, and deadline coordination while continuing regular monthly publications. Through careful planning and collaboration with contributors, staff, and vendors, the Conference Magazine was successfully released in April 2025 in both digital and print formats, meeting established timelines without disrupting ongoing communications.

Editorial and Coordination Efforts Throughout the year, the Communications Committee engaged more than 20 unique contributors, including committee members, board representatives, staff, and subject-matter experts. The committee oversaw multiple editors simultaneously, with several individuals serving in dual author and editor roles to support content development. Consistent editorial review, follow-up, and quality control were provided to move articles efficiently from draft through final publication, ensuring clarity, accuracy, and alignment with CSMFO goals.

Multimedia and Expanded Communications In addition to written content, the committee supported the recording and release of approximately 8 to 10 podcast episodes during the year, many of which were aligned with written articles and conference-related activities. The podcast series was produced by committee member Rich Lee, whose leadership and technical expertise were instrumental in its successful execution. By integrating multimedia storytelling into its communications strategy, the committee extended the reach, relevance, and longevity of its written content while offering members additional ways to engage with CSMFO information and leadership.

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Committee Reports

Communications Committee Report Continued Notable Accomplishments: • High-Volume, Consistent Publishing: Delivered more than fifty pieces of original content in a single year, reflecting a sustained and coordinated communications effort.

• Broad Content Coverage: Addressed strategic, operational, technical, and promotional topics, serving a diverse statewide membership.

• Strong Contributor Participation: Successfully mobilized over twenty contributors and editors, demonstrating strong engagement and shared ownership of communications efforts.

• On-Time Delivery of Major Publications: Published the Conference Magazine while maintaining uninterrupted monthly communications.

• Enhanced Member Value: Increased emphasis on informative, actionable content related to governance, professional development, and CSMFO engagement.

Plans for 2026: In 2026, the Communications Committee will build upon the strong foundation and successes achieved in 2025 by further strengthening planning, coordination, and delivery of member communications. Leveraging the consistent publication cadence, expanded content scope, and increased member engagement realized over the past year, the committee will focus on earlier planning for major publications such as the Conference Magazine and Annual Report, the use of analytics to inform content strategy, and continued integration of multimedia communications. To enhance consistency and efficiency while improving the member experience, the committee will also continue to evaluate the potential transition from multiple standalone monthly publications to a single, consolidated monthly online news magazine, designed to present content in a more cohesive, accessible format. Findings from this evaluation may be presented to the Board for consideration and approval, as appropriate. These efforts will support sustainable operations, reinforce strategic priorities, and continue delivering timely, highvalue communications to CSMFO members.

Recognition: The Communications Committee extends its sincere appreciation to its leadership and members for their dedication and significant contributions throughout the year. Chair Jennifer Becker (City of Burbank) provided strong leadership and direction, supported by Vice Chairs Heidi Schoeppe (Webb Municipal Finance, LLC) and Erika Gomez (Three Valleys Municipal Water District), whose guidance and follow-through were instrumental to the committee’s success. The committee also acknowledges Board Liaison Alberto Preciado (City of Citrus Heights) and Senior Advisors Drew Corbett (DKG Consultants) and Will Fuentes (City of Campbell) for their insight, continuity, and strategic support.

The committee further recognizes the many contributing authors and collaborators whose expertise and time made CSMFO’s communications possible across both monthly publications and the 2025 Conference Magazine. This includes voices from the Communications Committee, CSMFO leadership, and members who authored news articles, chapter roundups, strategic updates, conference features, and other content throughout the year. Contributors such as Wing-See Fox, Stephen Parker, Jennifer Ustation, Nicky Lettini, Chu Thai, Kelly Telford, Margaret Moggia, Steve Heide, Ernie Reyna, Stephanie Reimer, Tim Seufert, Dan Buffalo, Jennifer Wakeman, Debbie Rosales, Carrie Matson, and others played an essential role in delivering a rich mix of timely, informative, and engaging content that supported CSMFO’s strategic objectives and enhanced member engagement.

Through authorship, collaboration, and editorial support, these individuals helped ensure that CSMFO’s communications were relevant, accessible, and reflective of member needs and priorities. The Communications Committee is grateful for the collective time, expertise, and commitment of all those who contributed content in 2025.

The Communications Committee maintained a high level of activity in 2025, requiring significant coordination among volunteers, staff, and partners to deliver consistent content alongside major initiatives such as the Conference Magazine and expanded multimedia efforts. Lessons learned during the year reinforced the value of early planning, clear workflows, and data-informed decision-making. As the committee looks ahead, it will build on this experience by evaluating opportunities to enhance efficiency and the member experience, with select initiatives presented to the Board for consideration as appropriate.

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Committee Reports

Finance Committee Chair: Dennis Kauffman, City of Roseville Vice Chair: Grace Castaneda, City of Belmont Board Liaison: Jason Al-Imam, City of Newport Beach Senior Advisor: Drew Corbet, DKG Consultants; John Adams, Eastern Municipal Water District Members: Kim Ganimian, City of San Jacinto; Stephen Parker, City of Upland; Amber Johnson, County Connection; Tran Nguyen, City of Brisbane; Rahnni Le, City of Union City; Siu-Lee Chang, City of Cerritos 2025 Strategic Objectives: • Revisit the long-term fiscal sustainability policy to eliminate operational deficit within 24-36 months • More effectively and consistently track and report information for budget, audited financial statements, and monthly reporting.

• Review reserve targets for conference and operations and determine if CSMFO should have them.

• Evaluate 5-year forecast to determine if it is meeting objectives.

Summary of 2025 Commitee Activities: The committee started the year reviewing the year-end close for 2024, providing a year-end budget report to the Board, and assisting with the audit and tax return. Then, the committee provided a mid-year budget report to the Board for the first six months of 2025. The committee turned its attention to developing the 2026 proposed budget, and preliminary long-range forecast for presentation to the Board in October with final adoption after a few amendments in December. The 2026 budget was developed with a streamlined chart of accounts, is nearly in balance between revenue and expenses, and maintains a prudent operating reserve.

Throughout the year the commitee worked on new and existing financial policies, including a purchasing and contract approval policy, cancellation fee policy, and reserve policy.

Notable Accomplishments: In addition to completing all of the assigned strategic plan goals, the commitee created its first schedule of annual deliverables to help with succession planning, started a procedures manual, and presented for Board approval several new and updated financial policies, including the revised reserve policy in the strategic plan.

Plans for 2026: In 2026, the commitee will conduct a Request for Proposals process for audit services, update dues analysis to make recommendations toward continued fiscal sustainability, and develop new and updated financial policies, including chapter financial management. The commitee will also transition to centralized document management and consider realigning assignments between subcommitees.

Recognition: Thank you to the commitee for their dedication for continuous improvement of the budgeting, financial reporting, enhancing policies and procedures, and charting a course forward with recommendations for long-term fiscal sustainability. In particular, we’d like to recognize Grace Castaneda, Vice Chair, for her leadership developing and presenting the 2026 CSMFO budget.

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Committee Reports

Membership Benefits Committee Chair: Jennifer Ustation, City of Beaumont Vice Chair: Felicia Galindo, City of Tracy Board Liaison: Debbie Rosales, Las Virgenes Municipal Water District Senior Advisor: Karan Reid, Retired Members: Heather Rowden, Krisch CPAs; Vanessa Ramirez, City of Tracy; Karla Romero, Coachella Valley Water District; Steve Heide, Retired; Craig Boyer, County of Alameda; Maritza Solis, City of Mill Valley; Daisy Banuelos, Western Municipal Water District; Matt Adams, City of Lompoc; Scott Michael Meyer-Mina, Fresno Irrigation; Ruth Zintzun, Orange County Sanitation District; Angela Courter, City of Cotati 2025 Strategic Objectives: • Evaluate website profiles for ease of use in data collection and accessibility to training resources and events; make recommendations as appropriate • Update new member registration form to include questions that collect data about member interests and needs • Develop and implement a membership survey, including determining questions, identifying the audience, leveraging existing surveys where appropriate, and evaluating results • Roll out a membership dashboard, evaluate data during monthly committee chair meetings, and provide feedback Summary of 2025 Committee Activities: During 2025, the Membership Committee focused on advancing CSMFO’s strategic objectives while continuing to deliver core membership programs. Committee efforts were centered on improving membership data collection, increasing visibility into membership trends, and strengthening engagement opportunities for new and existing members. In addition to completing all assigned strategic objectives, the committee continued to administer the Mentorship and Cohort Programs, supported member-focused conference programming, and staffed a robust Membership Booth at the Annual Conference to promote CSMFO benefits and engagement opportunities.

Notable Accomplishments: • Successfully completed all three assigned strategic objectives for 2025 • Developed and implemented an updated new member registration form, improving onboarding and data collection related to member interests and needs • Designed, deployed, and evaluated a membership survey, providing valuable insight to inform future programming and communications • Rolled out a membership dashboard, enhancing transparency and data-informed decision-making and supporting ongoing review at monthly committee chair meetings • Continued offering the Mentorship and Cohort Programs, with approximately 120 participants engaged throughout the year • Delivered a mentorship-focused session at the Annual Conference • Continued the New Member Benefits session to increase awareness of CSMFO programs and resources • Supported a highly visible and well-received Membership Booth at the Annual Conference, promoting member benefits, programs, and volunteer opportunities Plans for 2026: • Leverage membership dashboard and survey data to refine engagement strategies and member services • Continue and enhance the Mentorship and Cohort Programs • Expand outreach and engagement efforts for new and existing members • Support conference initiatives that promote membership benefits, professional development, and volunteer involvement Recognition: The committee would like to recognize and thank its members for their time, collaboration, and dedication to advancing CSMFO’s mission and strengthening the member experience. The completion of all assigned strategic objectives in 2025 represents a significant step forward in improving membership data, engagement, and long-term sustainability. The committee looks forward to building on this progress in the coming year.

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Committee Reports

Past President Advisory Committee Chair: Drew Corbett (2017) Vice Chair: Steve Heide (2020) Board Liaison: Ernie Reyna (2024) Senior Advisor: John Adams (2016) Members: Rich Lee (2023); Scott Catlett (2022); Marcus Pimentel (2021); Joan Michaels-Aguilar (2019); Margaret Moggia (2018); Jesse Takahashi (2015); Pam Arends King (2014); Pauline Marx (2013); Laura Nomura (2012); Scott Johnson (2011); Viki Copeland (2008); Mark Alvarado (2006) ; Janet Salvetti (2005); Bill Statler (2001); Mary Bradley (1999); Irwin Bornstein (1990); John deRussy (1989) 2025 Strategic Objectives: While there were no specific strategic objectives assigned to the Past Presidents Advisory Committee (PPAC), one of PPAC’s most significant contributions to CSMFO is our members continuing to be active participants throughout the association. This is evident in our past presidents’ participation on CSMFO’s various standing committees, which includes their work on strategic objectives. In 2025, a total of 12 past presidents participated on 9 different standing committees outside of PPAC in various capacities, lending their expertise and experience to the committee initiatives.

Summary of 2025 Committee Activities: The goal of the PPAC is to engage past presidents who welcome the opportunity to continue to be engaged in CSMFO, be a strategic voice to CSMFO Leadership, support committees and chapters, and be a general resource and ambassador for the organization. One of the primary ways that PPAC accomplishes this goal is through our individual members being active participants throughout the organization. In addition to our participation on standing committees as previously discussed, PPAC members also serve as the organization’s Executive Director (Margaret Moggia) and with the company that serves a critical role in conference planning and logistics (Janet Salvetti and Laura Nomura).

Additionally, several PPAC members participated in the Nominating Committee, playing an active role in the nomination of candidates for the Board and for President-Elect.

PPAC’s main way of connecting with one another is through our bi-monthly meetings, where we share updates on the various work we are all doing throughout the organization, as well as discuss general areas of focus within the organization where PPAC can serve as a resource.

Notable Accomplishments: In addition to PPAC members’ contributions to the various standing committee initiatives, PPAC also assisted with the inventorying of CSMFO manuals and administrative documents, created and implemented the Mary Bradley Legacy Award, recognized the passing of one of our members (Stan Lindsay, 1991) and updated our member roster.

Plans for 2026: In 2026, 10 PPAC members are slated to participate in leadership roles on seven standing committees. PPAC’s 2026 agenda includes a review of the committee’s roles and responsibilities, as well as potentially identifying challenges and opportunities to engage volunteer leaders in less active regions.

Steve Heide will Chair PPAC in 2026, with Ernie Reyna serving as Vice Chair, Jennifer Wakeman as Board Liaison, and Scott Catlett as Senior Advisor.

Recognition: PPAC would like to thank and recognize outgoing PPAC Chair Drew Corbett for his leadership for as committee chair since PPAC inception in 2023.

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Committee Reports

Professional Standards Committee Chair: Donna Lee, City of Napa Vice Chair: Tori Roberts, CPA APAC Board Liaison: Jason Al-Imam, City of Newport Beach Senior Advisor: Joan Michaels-Aguilar, HdL Members: Heidi Schoeppe, Webb Finance; Dan Buffalo, City of Ukiah; Scott Manno, RAMS CPA; Javier Obando, SageView Advisory Group; Kelly Telford, LSL; Craig Boyer, County of Alameda; Heidi Schrader, City of Wildomar; Christian Townes, LSL; Joseph Ware, City of San Diego; David Alvey, Maze & Associates; Ellis Chang, City of Fullerton; Jennifer Farr, Davis Farr; Ross McCarthy, City of Alameda; Danny; Jasper, Fieldman Rolapp & Associates; Steve Huntley, Chandler Asset Management; Rahnni Le, City of Union City; Siu-Lee Chang, City of Cerritos; Donna Segura, Harris and Associates 2025 Strategic Objectives: The Professional Standards Committee operates as a technical resource to CSMFO members by keeping members informed of emerging issues and best practices through Committee Highlights and News Articles. The Committee consists of municipal and commercial members who engage in a variety of discussions throughout the year, focusing on the following key areas: • Financial Management and Budgeting • Accounting and Financial Reporting • Retirement and Benefits Administration • Treasury and Investment Management • Capital Finance and Debt Administration • Grant Management Summary of 2025 Committee Activities: The committee met quarterly and aims to serve as a technical resource for CSMFO members, keeping them informed of emerging issues and best practices in municipal and commercial financial management.

Notable Accomplishments: Resulting from these discussions, specific highlights were published for CSMFO membership, including: GASB Statement No. 101, Compensated Absences - CSMFO Addressing the GASB 101 Challenge – How to Estimate Sick Leave Usage - CSMFO Disaster Relief Provided Under the SECURE 2.0 Act - CSMFO The Professional Standards Committee has demonstrated a steadfast commitment to enhancing the knowledge and practices of municipal finance professionals throughout the year. Through thoughtful discussions, the committee successfully addressed a spectrum of topics relevant to the evolving landscape of governmental finance. By focusing on key areas like financial reporting, legislative impacts, investment management, and organizational best practices, the committee has fortified its role as a pivotal resource for the CSMFO members. The dedication of each committee member has been instrumental in navigating the complexities of public finance, ensuring that the CSMFO community remains wellinformed and ahead of the curve in professional standards and regulatory compliance.

Plans for 2026: Building on the successes of 2025, the Professional Standards Committee will continue serving as a technical resource for CSMFO members in 2026. The committee will focus on identifying emerging issues, sharing best practices, and providing guidance on key areas of municipal finance, including financial management, accounting and reporting, treasury and investment management, retirement and benefits administration, capital finance, debt management, and grant administration. In addition, the committee plans to publish at least six Committee Highlights throughout the year to keep members informed of emerging trends, regulatory updates, and technical guidance.

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Committee Reports

Program Committee Chair: Stephen Parker, City of Upland Vice Chair: Stephanie Reimer, Monte Vista Water District; Craig Boyer, County of Alameda Board Liaison: Amber Johnson, County Connection Senior Advisor: Viki Copeland, Retired; Margaret O’Brien, City of Concord Members: Rich Lee, City of South San Francisco; Laura Nomura, Retired; Dennis Kauffman, City of Roseville; Karan Reid, Retired; Mary Bradley, Retired; David Cain, Retired Staff: Harriet Commons 2025 Strategic Objectives: Goal 2 - Professional Development: Delivering high-quality training and educational opportunities, offering programs and networking that meet our members and colleagues where they are, while fostering mentorship, leadership, and career advancement.

Summary of 2025 Committee Activities: The Program Committee began meeting in April 2025. The Call for Presentations for the 2026 Annual Conference launched on May 14, 2025, generating 126 submissions. The committee carefully reviewed and evaluated each proposal, selecting those that offered the most relevant, timely, and high-quality educational content for CSMFO members.

The resulting program includes three featured speakers, 53 concurrent sessions, and six pre-conference sessions designed to support the conference theme, Explore Our Financial Landscape, at the 2026 Annual Conference in Palm Springs.

Notable Accomplishments: The February 2026 Palm Springs Annual Conference offers up to 23.5 hours of Continuing Professional Education (CPE). The program features: • Three featured speakers • Fifty-three concurrent sessions across seven educational tracks over three days • Six pre-conference sessions providing in-depth learning opportunities Plans for 2026: Former Board Member Dennis Kauffman has agreed to serve as Chair of the Program Committee in 2026. Under his leadership, the committee will continue its focus on delivering high-quality educational programming in preparation for the 2027 Annual Conference in Sacramento, currently being planned by President-Elect Will Fuentes.

Recognition: The success of the conference program is the result of countless hours contributed by dedicated committee members. Special recognition is extended to Harriet Commons, whose exceptional organization, communication, and attention to detail keep the many moving parts of the Program Committee running smoothly. Her work coordinating and supporting more than 150 presenters is instrumental to the success of the conference program. Thank you, Harriet!

The Program Committee would like to extend its sincere appreciation to David Cain for his dedicated service. After more than a decade of volunteering on the Program Committee, 2025 marked David’s final year of service. In the years ahead, David plans to spend more time with his grandchildren and to continue volunteering with Operation Christmas Child on behalf of Samaritan’s Purse, a nonprofit organization whose mission is close to his heart. We are grateful for David’s many contributions to CSMFO and wish him the very best in this next chapter.

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Committee Reports

Recognition Committee Chair: James Russell-Field, Fairfield-Suisun Sewer District Vice Chair: Bill Clayton, Beaumont-Cherry Valley Water District; Natalia Lopez, City of Moreno Valley Board Liaison: Amber Johnson, County Connection Senior Advisor: Stephanie Reimer, Monte Vista Water District Members: Yolanda Rodriguez, Retired; Antonio Aiello, City of San Luis Obispo; Kofi Antobam, City of Rancho Mirage; Brenda Manriquez, Orange County Cemetery District; Amanda McGarr, City of Chico; Israel Perez-Hernandez, City of Shafter; Mattew Schenk, City of Perris; Stephanie Cuff, City of Moreno Valley; Melanie Purcell, Transportation Authority of Marin 2025 Strategic Objectives: Develop and implement survey. Determine questions to be asked, identify audience, and determine whether there are existing surveys that can be leveraged or a new survey to be developed. Create and send survey(s) and evaluate surveys Summary of 2025 Committee Activities: • Operating Budget Award Winners - 124; Capital Budget Award Winners - 22; Innovation Award Winners – 2 Total Award Program Applications – 152; Volunteer Budget Reviewers - 136 Notable Accomplishments: • In May 2025, a survey was issued to CSMFO’s Management membership level (1,357 members) to gauge interest in a Transparency Award and its potential value. The survey received 45 responses, which were used to initiate a Transparency Pilot Program Committee to refine and finalize the award features. The Pilot Program met three times in Q4 2025.

• Physical Award: 2025 was the fifth year offering budget award winners a physical award option. When an agency purchases a physical award, the agency receives both a head plaque and a plate to affix to the plaque. Each year, the agency can continue to purchase the plate to affix to the plaque. The Committee looks forward to continuing to promote and offer this option.

• Budget volunteer reviewer recognition: The Recognition Committee relies on the commitment and dedication of volunteers to help with the annual Budget Program Award reviews. 136 budget volunteers offered their time in 2025 to review budget applications. The Committee continued the prior year's initiative to provide each reviewer an individual “thank you” for their time, and shifted from an outdated certificate to a letter of appreciation in 2025. Additionally, the names of volunteer reviewers were published for recognition in a CSMFO News recap.

Plans for 2026: • Finish work with Transparency Pilot Program and finalize Transparency Award structure.

• Develop communication plan and materials to roll out Transparency Award in 2026 • Continue to explore opportunities to utilize Award Force features and reporting to reduce administrative burden on committee leadership and members Recognition: We extend our appreciation to the the following individuals that have contributed to the pilot program for the anticipated new Transparency Award.

Transparency Pilot Program Committee: • Antonio Aiello, City of San Luis Obispo • Kristina Alfaro, City of Cupertino • Scott Pettingell, City of Roseville • Melanie Purcell, Melanie Purcell, Transportation Authority of Marin • Nitish Sharma, Delta Diablo • Nicole Valentine, City of Arroyo Grande

21

Committee Reports

Student Engagement Committee Chair: Jessica Brown, City of Fontana Vice Chair: Sara Castro, City of Tracy Board Liaison: Dan Buffalo, City of Ukiah Senior Advisor: Steve Heide, Retired Members: Michelle Bannigan, City of Laguna Beach; Michael Gomez, Eide Bailly; Claude T. Kilgore, Coachella; Valley Association of Government; Ernestine Jones, Retired; Alberto Preciado, City of Citrus Heights; Craig Boyer, County of Alameda; Yujun Du, City of Los Altos; Kate Zawadski, City of Dixon; Brigid Drury, City of Carlsbad; Kanika Jain, LA Metro; Anna Nicolas, City of Atwater; Rui Sun, California State University; Hui Li, CSD Dominguez Hills; Jeremy Bates, City of Carlsbad; Marcus Pimentel, County of Santa Cruz; Nick Rosas, Webb Municipal Finance; Heidi Schoeppe, Webb Municipal Finance; Karley Toffey, City of San Mateo 2025 Strategic Objectives: The Committee’s purpose—to promote municipal finance careers, expand student awareness, and create meaningful pathways for student involvement—directly aligns with CSMFO’s goal of broadening participation and strengthening the pipeline of future members. Through outreach, partnerships, and student-focused initiatives, the Committee helps build long-term engagement, ensuring the sustainability and growth of CSMFO’s membership and the profession as a whole.

Summary of 2025 Committee Activities: • Engagement: Committee members sought to engage students at outreach events at college campuses, college career fairs, classroom engagements, and other events.

• Student Webpage: Committee members worked on developing new and additional content for the CSMFO student webpage. At yearend the project was on hold as the CSMFO board explored a the development of a new website.

• Student Listserv: members are exploring how to proceed once communication plan and website are completed.

• Student Internship Program: members developed a draft ‘internship library’ to provide agencies with a resource document to assist with the creation/implementation of internship opportunities.

• Student Mentorship Program: members developed guidelines for the mentorship program with Committee members volunteering to serve as mentors.

• Communication Plan: members are still exploring and developing the intent of communication plan.

• PowerPoint Template/Database of Presentations: A PowerPoint template was developed for members to use for various presentations.

• Student Membership Brochure: members outlined the contents of the brochure but the project is on hold until the communication plan is developed.

• Alumni Program: members were working with CSMFO staff to collect data during the annual membership renewal process to identify alumni that could assist the Committee with engagement opportunities.

• Commercial Partner Coordination: members are developing ways to partner with commercial members to identify additional opportunities to engage with students and support the Committees.

Notable Accomplishments: Partnered with various agencies this past year with the goal of reaching more students including the Association of Government Accountants, BETA ALPHA PSI, and Government Finance Officers Association.

• Committee Members attended 9 events throughout California including classroom presentations, Meet the Firms events, and other meetings.

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Committee Reports

Student Engagement Committee Continued Plans for 2026: In 2026, the Committee will build upon its foundation from 2025, with a continued focus on strengthening and formalizing engagement efforts by expanding outreach at college campuses, career fairs, and professional events, while deepening partnerships with organizations such as AGA, Beta Alpha Psi, and GFOA. Leveraging lessons learned from 2025, the Committee will prioritize completing several key initiatives that were in development, including finalizing a student communication plan, relaunching and enhancing the student webpage in coordination with CSMFO’s website updates, and implementing a structured student listserv to support consistent and targeted outreach.

Additionally, the Committee will continue to transition concepts into actionable programs. This includes advancing the student internship library into a practical, widely shared resource for member agencies; launching the student mentorship program using the developed guidelines and volunteer mentors; and finalizing student-focused materials such as the membership brochure and standardized presentation tools. Efforts will also continue to identify and engage CSMFO alumni and commercial partners to broaden networking, sponsorship, and experiential learning opportunities for students.

Collectively, these efforts are intended to create a cohesive, sustainable framework for student engagement—strengthening the pipeline of future municipal finance professionals and reinforcing long-term member involvement within CSMFO.

CHAPTER REPORTS 2424 24

Chapter Reports

Northeast Counties Chapter Chapter Chair: Sherry Peets, Eide Bailly 2025 Meeting Dates: • October 1, 2025 – Northeastern California Chapter Meeting – Virtual • November 5, 2025 – Northeastern California Chapter Meeting – Virtual • December 4, 2025 – Northeastern California Chapter Meeting and Holiday Social (Red Bluff, CA, 11:00 AM – 1:00 PM) 2025 Total Event Attendance: • 20 Attendees Summary of 2025 Chapter Activities: 2 virtual and one in person event.

Notable Moments from 2025: Beginning to revive the chapter! First in-person event hosted in December since 2018.

Looking Ahead to 2026: We are starting off with a small group but are optimistic it will grow. People in this area have a desire to connect, even with the geographic challenges. Quarterly in person meetings are in progress to be scheduled and we will continue to have virtual meetings on a monthly basis.

Scheduled meetings for 2026 so far are as follows: • January 7, 2026 – 11 am – Virtual • February 4, 2026 – 11am - Virtual • March 4, 2026 – 11am-1pm – Lunch and Learn – City of Shasta Lake Community Center – Speaker TBD

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Chapter Reports

North Coast Chapter Chapter Chair: Angela Courter, City of Cotati Vice Chair: Maritza Solis, City of Mill Valley 2025 Meeting Dates: • January 24, 2025 – North Coast Chapter Winter Meeting – Maximizing CSMFO (Mill Valley, CA, 3:00–5:00 PM) • February 19, 2025 – Annual Conference Meet-up • March 27, 2025 – North Coast Chapter Quarterly Meeting – Hosted by the City of Ukiah (Ukiah, CA) • July 17, 2025 – Executive Caucus Kick-Off Meeting - Virtual • July 31, 2025 – North Coast Chapter Meeting (St. Helena, CA, 1:00–4:00 PM) • September 8th, 2025 – North Coast Chapter - Executive Caucus Meeting - Virtual • October 3, 2025 – North Coast Chapter Meeting (12:00–1:30 PM) • November 12, 2025 – North Coast Chapter Meeting – Emerging Leaders Network (ELN) (1:00–2:00 PM) • December 11, 2025 – North Coast Chapter Meeting (Cotati, CA, 1:00 PM) 2025 Total Event Attendance: • 169 Attendees Summary of 2025 Chapter Activities: The year began with a pivotal open-forum meeting on January 24, 2025, in Mill Valley focused on maximizing the value of CSMFO for North Coast Chapter members. This collaborative discussion set the tone for the year by identifying member priorities, including preferred meeting topics and locations, opportunities for increased engagement, and leadership support. Key outcomes from this meeting included a renewed emphasis on keeping social events active to foster networking, rotating meeting locations throughout the region to engage a broader range of members and facilitating a thoughtful leadership transition. After many years of dedicated service as Chair - while continuing his role on the CSMFO Board - Dan Buffalo passed the Chair position to Angela Courter, with Maritza Solis of the City of Mill Valley and Liz Garcia of the Sonoma Marin Mosquito and Vector Control District stepping into Vice Chair roles to support the chapter’s desired growth and momentum.

Members also expressed interest in coordinating a joint meeting with either the Sacramento region for an A’s game or the Peninsula for a Giants game; while this could not be coordinated during 2025, it remains a shared goal for 2026.

Building on this foundation, the remainder of the year was marked by strong engagement, meaningful professional development, and intentional relationship-building across the chapter. We strengthened connections through networking at the February Chapter Conference social, followed by a hands-on learning experience in Ukiah in March, where members explored coordinated financing for a recycled water project, including grants and bonds, toured the treatment facility, and continued discussions at a social gathering. Summer brought a focus on leadership and executive collaboration with the launch of the Executive Caucus, creating a new forum for senior leaders to connect, share challenges, and shape future programming. This was complemented by candid discussions in St. Helena on revenue strategies and the realities of going to the voters with a sales tax measure.

In the fall, the chapter deepened both its technical expertise and community impact. Executive Caucus meetings featured timely and practical presentations, including guidance on “No Tax on Overtime” reporting, while a necessary pivot to a virtual format enabled members to benefit from a highly relevant fee-setting and transparency session hosted by Michael Colantuono of Colantuono, Highsmith & Whatley. This session directly responded to member requests and recent Sonoma County Civil Grand Jury findings urging greater transparency in local fee structures. The chapter also invested in the future of the profession, with members volunteering at Sonoma State University’s Meet the Firms event in coordination with the Student Engagement Committee and launching the Emerging Leaders Network to create new pathways for growth, mentorship, and engagement for staff at all levels.

We closed the year in Cotati by celebrating both the season and the strength of our chapter, bringing together learning, camaraderie, and service. A festive luncheon featured insights from Michael Coleman on key issues shaping California local government finance, alongside a fun mug exchange and a successful toy drive supporting local families in the Cotati/Rohnert Park area. Collectively, these efforts reflect a year defined by collaboration, responsiveness to member input, leadership development, and a shared commitment to advancing public finance across the North Coast.

Notable Moments from 2025: Launching New Leadership-Focused Forums: A major milestone in 2025 was the successful launch of the Executive Caucus, creating a dedicated space for senior finance and executive leaders across the North Coast to connect, exchange ideas, and address shared challenges.

The Caucus kick-off and follow-up sessions quickly demonstrated the value of peer-to-peer dialogue, with timely topics such as compliancedriven reporting changes, and fee-setting transparency. These sessions strengthened cross-agency relationships and established a sustainable forum for executive-level collaboration and thought leadership.

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Chapter Reports

North Coast Chapter Continued Notable Moments from 2025 Continued: Investing in the Next Generation through the Emerging Leaders Network: Equally impactful was the introduction of the Emerging Leaders Network (ELN), designed to support professional growth for staff at all career stages. The inaugural meeting provided a welcoming entry point for newer professionals and aspiring leaders, offering networking opportunities, clarity on future leadership pathways, and input-driven topic development. By intentionally creating space for mentorship, skill-building, and engagement, the ELN laid out the groundwork for cultivating confident, prepared future municipal accountants and finance officers.

Connecting Education to Public Service Careers: The chapter also strengthened its commitment to the profession’s future through coordination with the Student Engagement Committee, culminating in strong participation at Sonoma State University’s Meet the Firms event. Volunteers from cities and special districts engaged directly with students to share real-world perspectives on municipal accounting and finance careers, helping demystify public sector work and highlight meaningful pathways into local government. This collaboration represents a critical step toward building a sustainable talent pipeline and inspiring the next generation of public finance professionals to serve North Coast communities.

Together, these efforts reflect a strategic focus in 2025 on leadership development, inclusive engagement, and long-term workforce sustainability ensuring the North Coast Chapter continues to grow, adapt, and thrive well into the future.

Looking Ahead to 2026: As we look toward 2026, the North Coast Chapter is focused on building on the strong foundation established this past year including expanding opportunities for connection, deepening professional development, and continuing to invest in the next generation of public finance leaders. We plan to further strengthen the Executive Caucus by offering additional peer-driven discussions on emerging issues, strategic decision-making, and best practices that support executives navigating increasingly complex fiscal and policy environments.

The Emerging Leaders Network will continue to grow as a core pillar of the chapter, with an emphasis on practical skill-building, mentorship, and leadership readiness. In 2026, we aim to introduce more interactive sessions, cross-agency mentoring opportunities, and topic tracks informed directly by participant feedback to ensure relevance for staff at all stages of their careers.

Expanding our partnership with the Student Engagement Committee will remain a priority, with a focus on creating meaningful, hands-on pathways into municipal accounting and finance careers. In addition to continued participation in regional university events and looking to schedule a chapter meeting or other event on a university campus, the chapter is exploring the development of a regional internship pilot program for up to two students. This program would allow interns to rotate through multiple cities and a special district, spending at least one week at each organization. At every location, students would focus on a defined, key task. This would provide exposure to a range of core local government functions and offering a practical, real-world understanding of how municipal finance and operations work across agencies.

Finally, we are excited to pursue new regional partnerships and joint events, including the long-anticipated opportunity to coordinate a shared meeting with the Sacramento region for an A’s game or with the Peninsula for a Giants game. Along with continuing to rotate meeting locations across the North Coast, these efforts will help promote accessibility, strengthen networking opportunities, and reinforce a strong sense of community as we move into 2026.

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Chapter Reports

Sacramento Valley Chapter Chapter Chair: Dave O’Toole, Sacramento Metropolitan Fire District Vice Chair: Alberto Preciado, City of Citrus Heights 2025 Meeting Dates: • January 8, 2025 – Sacramento Valley Quarterly Chapter Meeting and Holiday Celebration (Roseville, CA, 11:00 AM – 2:00 PM) • April 23, 2025 – Sacramento Valley Quarterly Chapter Meeting (Mather, CA, 11:00 AM – 1:00 PM) • July 23, 2025 – Sacramento Valley Quarterly Chapter Meeting (Lincoln, CA, 11:00 AM – 1:00 PM) • October 15, 2025 – Sacramento Valley Quarterly Chapter Meeting (Citrus Heights, CA, 11:00 AM – 1:00 PM) 2025 Total Event Attendance: • 164 Attendees Summary of 2025 Chapter Activities: The Sacramento Chapter held four quarterly meetings, as described above.

The Chapter launched its “Spotlight on Excellence Award” for exceptional service as a finance professional in the region. Dennis Meyers was the first awardee.

Finally, the Chapter tried to be a conduit for CSMFO information and events. Some Chapter members are active in CSMFO statewide and share updates on their areas of involvement (e.g., student recruitment) and encouragement to attend CSMFO events, such as the annual meeting.

Notable Moments from 2025: Two particular moments stood out in 2025, the holiday celebration at Top Golf and awarding the first Spotlight on Excellence Award.

The Top Golf event was well attended and mostly paid for through a donation from Oracle. We had an excellent speaker, Antoinette Joy, who gave us great tips on effective hiring and recruiting. Fun golfing followed and everyone seemed to have a very good time.

The Spotlight on Excellence Award, presented at the April meeting, was a project several months in the making. The award program, selection process, and award design was done by a dedicated team who very much believed in the value of appropriate public recognition. I’m hopeful the award will continue for many years.

Looking Ahead to 2026: The Sacramento Valley Chapter has scheduled the following meetings and speaker topics.

• January 14: Bonds and Dating; What They Have in Common • April 8: Bridging the Gap: HR and Finance Labor Costing • July 8: Five Common Mistakes in Public Investing and Credit Market Overview • October 14: AI and Public Finance Update Additionally, I’m hopeful a new survey tool will become available so I can begin to generate feedback on meetings and determine how to improve content, relevance, etc.

Leadership Changes for 2026: Anticipate adding Nou Vang (Finance Director for Consumnes Community Services District) as co-vice chair (with Alberto).

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Chapter Reports

East Bay (S.F.) Chapter Chapter Chair: Chu Thai, City of Union City Vice Chair: Krysten Lee, City of Newark 2025 Meeting Dates: • July 24, 2025 – East Bay (S.F.) Chapter Meeting (San Ramon, CA, 12:00–1:30 PM) • September 11, 2025 – East Bay Chapter Meeting (Oakland, CA, 12:00–1:30 PM, plus tour afterwards) • October 9, 2025 – Joint Peninsula (SF) and East Bay Chapter Meeting (Newark, CA, 12:00–1:30 PM) • November 13, 2025 – East Bay Chapter Meeting (Oakland, CA, 12:00–1:00 PM) 2025 Total Event Attendance: • 146 Attendees Summary of 2025 Chapter Activities: Topics discussed include revenue enhancement opportunities, understanding the One Big Beautiful Bill’s No Tax on Overtime language, Presentation by Michael Coleman, and Cyber Security.

Notable Moments from 2025: The East Bay Chapter restarted meetings after a two-year hiatus, and the energy was high. Tour of the East Bay Municipal Utilities District Wastewater Treatment Plant was popular. Our fellow finance officers wanted to know how government works. We have been looking for agencies to volunteer meeting locations, and everyone has enjoyed exploring the East Bay. Looking Ahead to 2026: In 2026, Chu and Krysten will introduce new teambuilding and networking activities designed to bring us closer together. Our goal is to create a chapter that feels like family—where we can build cross-agency relationships and support our professional development. Meets every other month: July, September, November, January, March and May

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Chapter Reports

Central Valley Chapter Chapter Chair: Sara Castro, City of Tracy Vice Chair: DeAnna Christensen, City of Modesto 2025 Meeting Dates: • February 5, 2025 – Central Valley Chapter Meeting (Tracy, CA, 11:30 AM) • May 15, 2025 – Central Valley Chapter Meeting (Ceres, CA, 11:30 AM) • August 14, 2025 – Central Valley Chapter Meeting (Lathrop, CA, 11:30 AM) • November 20, 2025 – Central Valley Chapter Meeting (Manteca, CA, 11:30 AM) 2025 Total Event Attendance: • 127 Attendees Summary of 2025 Chapter Activities: The Central Valley Chapter held 4 meetings in 2025. In February, we met in the City of Tracy. Members heard about ways to improve their year end close from Whitney Crockett and David Alvey from Maze and Associates.

In May, the City of Ceres hosted our chapter. Mark Lovelace from HDL spoke to our chapter about updates in the cannabis industry.

In August, the City of Lathrop hosted our chapter, where we had Cristy Canieda and Rhoda Dollaga provide GASB updates to members. The timing was great, as most of us were beginning to work on implementing GASB 101.

We closed out the year in November with our holiday meeting at the Great Wolf Lodge in Manteca. Michael Coleman presented to our members and we had plenty of time for networking with our colleagues.

Notable Moments from 2025: In 2025, our meetings travelled throughout the Central Valley region to ensure that as many members as possible could join us. We enjoyed seeing new and familiar faces. Thank you to all the Cities that hosted chapter meetings for the Central Valley chapter this year!

Looking Ahead to 2026: Our first meeting of the year will take place on February 12th at the City of Turlock. We look forward to seeing everyone!

Anna Nicholas, Finance Director, City of Atwater will take on the Chapter Chair role in 2026 DeAnna Christensen will remain Vice Chair

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Chapter Reports

Peninsula Chapter Chapter Chair: Will Fuentes, City of Campbell Vice Chair: Derek Rampone, City of Mountain View 2025 Meeting Dates: • January 30, 2025 – Peninsula (SF) Chapter Lunar New Year Luncheon (Palo Alto, CA, 12:00 PM) • April 17, 2025 – Peninsula (SF) Chapter Quarterly Meeting (Campbell, CA, 11:00 AM – 1:00 PM) • August 20, 2025 – Peninsula (SF) Chapter Summer Fun and Learning (Burlingame, CA, 12:00–3:00 PM) • October 9, 2025 – Joint Peninsula (SF) and East Bay Chapter Meeting (Newark, CA, 12:00–1:30 PM) 2025 Total Event Attendance: • 134 Attendees Summary of 2025 Chapter Activities: The Peninsula Chapter had an active and engaging 2025, offering members a mix of professional development, networking, and communitybuilding opportunities throughout the year. The year began on January 30, 2025, with a Lunar New Year Luncheon held in Palo Alto, providing members a chance to reconnect and celebrate the new year together. On April 17, 2025, the Chapter hosted its Quarterly Meeting in Campbell, featuring timely discussions and meaningful peer engagement.

During the summer, members gathered on August 20, 2025, in Burlingame, at TopGolf, for Summer Fun and Learning, a longer-format event that blended professional learning with informal networking in a relaxed setting. The year concluded with a Joint Peninsula and East Bay Chapter Meeting on October 9, 2025, in Newark, strengthening regional collaboration and offering shared insights across chapters.

Overall, 2025 was a successful year marked by strong participation, diverse programming, and continued momentum for the Peninsula Chapter.

Notable Moments from 2025: Renewed Momentum and Consistent Programming: The Peninsula Chapter delivered a full and well-attended slate of events throughout 2025, reflecting strong member engagement and continued momentum in professional development and networking.

Meaningful Regional Collaboration: The Joint Peninsula and East Bay Chapter Meeting in October marked a key milestone, strengthening regional connections and expanding opportunities for shared learning across chapters.

Diverse and Engaging Event Formats: From the Lunar New Year Luncheon to the extended Summer Fun and Learning event at TopGolf, the Chapter offered varied formats that fostered both professional growth and relationship-building in welcoming settings.

Looking Ahead to 2026: Building on the strong momentum from 2025, the Peninsula Chapter is looking ahead to an active and engaging 2026. The focus will be on continuing to deliver high-quality professional development opportunities, strengthening connections among members, and expanding collaboration with neighboring chapters.

Planned efforts include a balanced mix of technical learning sessions, timely policy and legislative updates, and informal networking events designed to foster peer exchange across all career stages. The Chapter also looks forward to exploring new venues, innovative formats, and relevant topics that reflect the evolving challenges facing municipal finance professionals.

With a committed leadership team and strong member participation, the Peninsula Chapter is well-positioned for another successful year of learning, collaboration, and community in 2026.

It is anticipated that Chair Will Fuentes will step down as he transitions into his upcoming role as President of CSMFO. At that time, Derek Rampone will assume the role of Chair, and a new Vice-Chair will be appointed.

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Chapter Reports

Monterey Bay Chapter Chapter Chair: Tracy Cole, City of Santa Cruz 2025 Meeting Dates: • May 29, 2025 – Monterey Chapter Meeting (Aptos, CA, 10:30 AM – 2:15 PM) • November 13, 2025 – Monterey Bay Chapter Meeting (Aptos, CA, 10:30 AM – cancelled) 2025 Total Event Attendance: • 29 Attendees Summary of 2025 Chapter Activities: The Chapter meeting in May was a great event. We had two presentations. The first was from Holman Capital on Rising Project Costs and Optimizing Your Budget. The second was a California Government Relations update by JP Morgan Chase.

Unfortunately, our November meeting was cancelled due to low registrations. We did not get enough members registered for the event to cover the minimum food and beverage costs at our location.

Looking Ahead to 2026: We are looking forward to having a meet-up during the CSMFO Conference. I’m hoping I can get a list of chapter members attending the conference so we can all get together.

May will bring our first Chapter meeting of the year. The 2 presenters from our cancelled November meeting have both agreed to come and present at this meeting.

The Fall meeting will take place in October or November.

Leadership Changes for 2026: Vice chair – Nick Kurns

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Chapter Reports

South San Joaquin Chapter Chapter Chair: Margarita Moreno, City of Selma Vice Chair: Scott Meyer-Mina, Fresno Irrigation 2025 Meeting Dates: • May 1, 2025 – South San Joaquin Chapter Meeting (Selma, CA, 11:30 AM) • June 27, 2025 – South San Joaquin Chapter Meeting (canceled) • August 22, 2025 – South San Joaquin Chapter Meeting (Lemoore, CA, 11:30 AM – 1:30 PM) • November 14, 2025 – South San Joaquin Chapter Meeting (Clovis, CA, 11:30 AM) 2025 Total Event Attendance: • 127 Attendees Summary of 2025 Chapter Activities: In May of 2025 our Chapter was fortunate to have Connor Duckworth from HdL Companies present on “The Other Taxes: How to Make Minor Revenue a Major Asset”. Connor took us through a journey of learning about “lesser-known” taxes and fees. Connor also provided us with best practices to maximize the benefits to our agencies.

In August of 2025 we heard from Alaynè Marie Sampson, CTP and Steve Huntley, CPFO from Chandler Asset Management, Inc. on a hot topic this year…..Tariffs!

Their session provided a greater understanding of the history of tariffs and their uses, related laws, significant historical examples, and how the evolving tariff policies of today could impact local governments.

Our final meeting of the year was held in November of 2025 with Joshua Giosa, CPA of Price Paige & Company, CPA’s providing a very detailed and informing session on “GASB 101: Compensated Absences”.

Joshua explained why the standard was issued, what changed from GASB 16, and how the unified recognition-and-measurement model applies across vacation, sick, floating holidays, and parental leave (including unlimited-PTO). Joshua also provided knowledge on the “morelikely-than-not” threshold, measuring at current pay plus salary-related costs, and splitting liabilities between current and long-term. Also included was an open discussion of real-world challenges others have faced during implementation—and the solutions that worked.

Notable Moments from 2025: • Seeing our chapter expand • Attendees traveling from a lot further away than previous years • Meeting and connecting with amazing people • Having a great time with CSMFO! Looking Ahead to 2026: We are hoping to have quarterly meetings in 2026!

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Chapter Reports

Central Coast Chapter Chapter Chair: Nicole Valentine, City of Arroyo Grande Vice Chair: Nadia Feeser, City of Pismo Beach 2025 Meeting Dates: • April 8, 2025 – Central Coast Chapter Meeting (Pismo Beach, CA) • June 25, 2025 – Central Coast Chapter Meeting (Pismo Beach, CA) • October 23, 2025 – Central Coast Chapter Meeting (Pismo Beach, CA, 11:30 AM – 1:00 PM) 2025 Total Event Attendance: • 44 Attendees Summary of 2025 Chapter Activities: In 2025, the Central Coast Chapter hosted three educational meetings that provided timely, relevant content for public finance professionals throughout the region. Each meeting focused on practical financial challenges facing local governments, including project cost escalation, debt financing strategies, market volatility, and statewide fiscal policy trends. Together, these sessions supported professional development, encouraged peer collaboration, and reinforced the chapter’s commitment to delivering high-quality programming aligned with the evolving needs of municipal finance staff.

Notable Moments from 2025: Notable highlights from the year included an April presentation by Holman Capital Corporation on alternative financing methods and broader economic forces impacting municipal budgets, followed by a June session led by Oppenheimer’s California Public Finance Group that used a creative “dating” analogy to explain the fundamentals of issuing and managing public debt. The year concluded with a highly anticipated October luncheon featuring Michael Coleman, a nationally recognized expert in California local government finance, who shared valuable insights on statewide financial trends, ballot measures, and policy developments. Michael’s presentation was a standout moment, drawing strong interest and engagement from members across the Central Coast.

Looking Ahead to 2026: As the Central Coast Chapter looks ahead to 2026, plans are underway for two informative meetings early in the year. A January meeting is anticipated to feature Tom J. Bordonaro, Jr., San Luis Obispo County Assessor, who is expected to present highlights from the County’s Annual Report and share insights on local property assessment trends and their fiscal impacts on jurisdictions throughout the region. Later in March, the Chapter is planning a meeting with the San Luis Obispo Council of Governments (SLOCOG) focused on the Local Roads First initiative, providing members with an update on transportation funding strategies, regional priorities, and implications for local agency budgeting and capital planning. These sessions are intended to continue the Chapter’s tradition of offering relevant, timely content that supports informed decision-making among public finance professionals.

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Chapter Reports

Channel Counties Chapter Chapter Chair: Debbie Rosales, Las Virgenes Municipal Water District Vice Chair: Gilbert Punsalan, City of Moorpark 2025 Meeting Dates: • March 27, 2025 – Channel Counties Chapter Meeting (Thousand Oaks, CA) • June 26, 2025 – Channel Counties Chapter Meeting (Oxnard, CA, 11:30 AM – 1:30 PM) • December 17, 2025 – Channel Counties Chapter Meeting (Thousand Oaks, CA, 11:30 AM – 2:00 PM) 2025 Total Event Attendance: • 105 Attendees Summary of 2025 Chapter Activities: Channel Counties Chapter members kicked off 2025 with a large presence at the Annual Conference in San Jose. Members participated in many sessions that culminated in the chapter breakfast were we welcomed new members to the group and used the opportunity to network with others.

In March, the chapter met at Dave & Buster’s for another education-filled meeting. We didn’t have to look far to find a talented presenter as Carrie Matson, Deputy Finance Director with the City of Thousand Oaks, shared the City’s journey with Financial Strategic Plans and introduced us to "the power of powers."

Carrie emphasized the importance of understanding your agency’s trajectory when creating or updating a Financial Strategic Plan — whether you are in a period of growth, maintenance, or decline. She also shared practical tips for avoiding timeline creep, leveraging lessons learned from your agency’s past, and focusing on solutions rather than just highlighting challenges.

Carrie also demonstrated how Microsoft’s Power tools — Power Query, Power Pivot, and Power BI — have helped the City create an agile and dynamic Financial Strategic Plan.

June saw the chapter visiting a new venue as we met at River Ridge Golf Course for a session on preparing for annual audits. Yolanda Acosta, CPA and Jacob Weatherbie, CPA of RAMS shared the importance of being prepared for your audits. From pre-meetings with all departments introducing the audit and explaining their roles, educating Finance Staff on how to be prepared, the audit itself, to audit close-out, Yolanda shared how important it is to get everyone involved. Jacob followed with a lively discussion about what auditors look for, some of the red flags, and how to prepare to pass your audits with flying colors.

The chapter finished the year with a holiday gathering at Los Robles Golf Course and a great presentation by Ventura County Sheriff James Fryhoff. Sheriff Fryhoff and his team shared insight into how the Ventura County Sheriff’s Office operates. He also shared his leadership philosophy centered around the Seven Pillars, which are essential principles for effective law enforcement leadership. While these pillars focus on law enforcement activities, many of them can easily be applied to each of our agencies.

Chapter leadership looks forward to 2026 with another great program planned.

Looking Ahead to 2026: • 3/25/2026 – Channel Counties Chapter Meeting (River Ridge Golf Course, Oxnard, CA – Economic Forecast) • 6/25/2026 – Channel Counties Chapter Meeting (Los Robles Golf Course, Thousand Oaks, CA – Speaker TBD) • 9/23/2026 – Channel Counties Chapter Meeting (River Ridge Golf Course, Oxnard, CA – Speaker TBD) • 12/XX/2026 – Channel Counties Chapter Holiday Meeting (Location and Speaker TBD)

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Chapter Reports

San Gabriel Valley Chapter Chapter Chair: Michael O'Brien, City of San Dimas Vice Chair: Rae Bowman, City of Monrovia 2025 Meeting Dates: • March 19, 2025 – San Gabriel Valley Chapter Meeting (Arcadia, CA, 11:30 AM – 1:30 PM) • July 23, 2025 – San Gabriel Valley Chapter Meeting (Arcadia, CA, 11:30 AM – 1:30 PM) • September 24, 2025 – San Gabriel Valley Chapter Meeting (Montebello, CA, 2:00 PM – 5:30 PM) • December 3, 2025 – San Gabriel Valley Chapter Holiday Party (Pasadena, CA, 11:30 AM – 2:00 PM) 2025 Total Event Attendance: • 183 Attendees Summary of 2025 Chapter Activities: This year we completed four events at 3 different locations. We added the Top Golf which is located at the far West side of our Chapter to attract additional participants to our meetings. We also added new sponsors to our chapter including Tax Act, HDL, LSL, RAMS, PFM Asset Management, ClearGov, Chandler Asset Management, Keenan, Great Pacific Securities and Cal Trust to go along with last years sponsors Stifel and Shuster Advisory Group We had great speakers at our events discussing topics ranging from generating additional revenue, understanding California’s Revenues, cybersecurity and telling your financial story.

Notable Moments from 2025: The additional sponsors allowed us to add chapter merchandise to distribute to our members, add a new venue and the number of vendors who were not sponsors that added raffle prizes increased. This year the number of registered guests increased by 22 participants from the prior year but that number would be higher if you excluded sponsors who registered for events last year that did not register this year since we provided them guest space as part of their sponsorship.

Looking Ahead to 2026: With the Conference being in late February we are looking at reducing the number of chapter meetings from 4 to 3 with the first meeting in late June or early July rather than March. We are going to see if we can draw a bigger crowd for Top Golf since the meeting will be held after the majority of members have completed their City budgets.

We are searching for a new Vice Chair to allow Rae to concentrate on her job duties that will be increasing with the retirement of the current Director at the City of Monrovia.

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Chapter Reports

Central Los Angeles and South Bay Chapters Chapter Chairs: Monica Lo, City of Brea, Central LA Chapter Chair Jeff Muir, City of Beverly Hills, South Bay LA Chapter Chair 2025 Meeting Dates: • April 24, 2025 – Central Los Angeles/South Bay Chapters Luncheon (Paramount, CA, 11:30 AM) • August 21, 2025 – South Bay & Central Los Angeles Chapters Meeting (11:00 AM) • October 23, 2025 – Central LA/South Bay Chapters Luncheon (Paramount, CA, 11:30 AM) • December 17, 2025 – South Bay LA and Central LA Joint Holiday Luncheon (Torrance, CA, 11:30 AM) 2025 Total Event Attendance: • 198 Attendees Summary of 2025 Chapter Activities: The chapters held their first joint meeting on April 24, 2025, featuring Riley Greenlee, CPA, Senior Manager from LSL. Mr. Greenlee provided a “GASB Encore: Breaking Down the Latest Updates” offering a clear and practical overview of key changes, including GASB 101, GASB 103 and GASB 104.

On August 21, 2025, the chapters held a virtual meeting with presenters Katherine Yuen Krisch, CPA and Heather Rowden, Advisory Services Manager from Krisch & Company. The topic was Year End Close: What does that mean? Katherine and Heather provided a timely overview of important items that should be on a fiscal year end close checklist, along with other year end considerations for financial reporting purposes.

On October 23, 2025, Mike Van Wyk, Treasury Consultant for JP Morgan’s Commercial Bank, delivered an engaging presentation titled “Leveraging AI: Revolutionizing Treasury and Finance in Government Operations.” Mr. Van Wyk explored the transformative role of artificial intelligence in today’s Treasury and Finance landscape. He highlighted how AI is helping organizations navigate complex challenges, including natural disasters, cyber threats, and workforce shortages, by offering innovative solutions that are poised to reshape government operations in the years ahead.

Finally, on December 17, 2025, the chapters held their end of year holiday luncheon, which featured Michael Coleman. Michael gave an update on the latest news affecting California local revenues, including a deep-dive into the history of transportation funding and yet another ballot measure threat on the horizon for local governments.

Notable Moments from 2025: It’s always a pleasure to see everyone, and we truly appreciate them taking time out of their busy schedules to attend and support the chapters.

Looking Ahead to 2026: We are aiming to continue featuring relevant speakers and timely topics to encourage greater engagement and participation from attendees.

We will continue working to identify and appoint committed candidates for the Vice-Chair and Chair positions.

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Chapter Reports

Inland Empire Chapter Chapter Chair: Tori Roberts, CPA APAC Vice Chair: Matt Schenk, City of Perris 2025 Meeting Dates: • May 8, 2025 – Inland Empire Chapter Meeting (Ontario, CA | 12:00 PM – 2:00 PM) • July 10, 2025 – Inland Empire Chapter Meeting (Ontario, CA | 3:00 PM – 7:00 PM) • August 14, 2025 – Inland Empire Chapter Meeting (Ontario, CA | 12:00 PM – 2:00 PM) • October 16, 2025 – Inland Empire Chapter Meeting (Ontario, CA | 12:00 PM – 2:00 PM) • December 9, 2025 – Inland Empire Holiday Luncheon (Riverside, CA | 12:00 PM – 2:00 PM) 2025 Total Event Attendance: • 303 Attendees Summary of 2025 Chapter Activities: Throughout 2025, the Inland Empire Chapter delivered a robust slate of educational and networking opportunities that directly supported CSMFO’s strategic goals related to member engagement and professional excellence. The Chapter hosted multiple in-person meetings and professional development sessions, with individual event attendance generally ranging from approximately 40 to 120 participants, depending on topic, venue, and time of year. Overall participation reflected a strong and diverse mix of attendees, including finance professionals from cities, special districts, water agencies, and regional entities, as well as a consistent presence of commercial members and sponsors.

Program content emphasized timely and practical topics such as municipal market conditions, debt issuance and refunding trends, pension and OPEB considerations, labor and compensation strategy, and evolving regulatory and economic conditions. Several meetings approached or exceeded 50 attendees, underscoring continued demand for locally delivered, CPE-eligible programming and peer-to-peer engagement.

This sustained level of participation reinforced the Chapter’s role as a trusted regional forum for professional development while supporting CSMFO’s broader objectives related to workforce development, member retention, and long-term organizational sustainability.

Notable Moments from 2025: The Inland Empire Chapter’s 2025 program reflected both continuity and thoughtful evolution in its approach to member engagement and professional development. The Chapter continued its annual Topgolf Ontario meeting, a well-established tradition that consistently draws strong attendance and offers a unique environment for professional learning and informal networking. This signature event has become a cornerstone of the Chapter’s annual calendar, strengthening relationships among public agency professionals and commercial members while supporting CSMFO’s engagement objectives.

At the same time, the Chapter explored opportunities to enhance the member experience through new venues and formats. The year concluded with a meeting held at Canyon Crest Country Club, marking a new location for Chapter programming and providing a more festive and formal setting for the cheery end-of-year holiday meeting, with valuable discussions focused on economic conditions and investment considerations.

This balance of tradition and innovation demonstrated the Chapter’s commitment to delivering relevant, high-quality programming while remaining responsive to member interests and aligned with CSMFO’s professional development and organizational sustainability goals.

Looking Ahead to 2026: Building on the momentum of 2025, the Inland Empire Chapter is well positioned to further enhance its impact in 2026. Planned efforts include continuing a balanced mix of proven event formats alongside selective experimentation with new venues, topics, and engagement approaches. The Chapter anticipates maintaining strong attendance while refining programming to respond to evolving member needs, market conditions, and CSMFO priorities. Emphasis will remain on delivering relevant technical education, supporting career development, and fostering meaningful connections among members, with continued alignment to CSMFO’s objectives for professional development, member engagement, and long-term organizational sustainability.

Leadership Changes for 2026: Effective in 2026, Matt Schenk will serve as Chapter Chair, with Heidi Schoeppe and Tori Roberts serving as Vice Chairs. The Chapter will continue to benefit from the leadership and experience of Evelyn Morentin Barcena, with Josh Calhoun joining the leadership team as a new member. Together, the 2026 leadership team brings continuity, institutional knowledge, and new perspective to support Chapter programming, member engagement, and alignment with CSMFO’s strategic priorities.

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Chapter Reports

Inland Empire Chapter Continued Recognition: The Inland Empire Chapter extends its sincere appreciation to its chapter leadership for their dedication, time, and service throughout 2025. The Chapter recognizes Tori Roberts (Chapter Chair), Matt Schenk (Vice Chair), Heidi Schoeppe, Sid Jain, and Evelyn Morentin Barcena for their leadership, collaboration, and commitment to delivering high-quality programming and advancing CSMFO’s strategic goals.

The Inland Empire Chapter’s 2025 activities were further strengthened through the generous support and active participation of its commercial sponsors. Their contributions helped offset event costs, supported high-quality venues and programming, and enhanced the overall member experience.

The Chapter extends sincere appreciation to its sponsors for their continued partnership and commitment to advancing public finance education and professional collaboration within the Inland Empire region.

Additional Comments: The Inland Empire Chapter’s success in 2025 reflected strong collaboration among Chapter leadership, speakers, sponsors, and members. Consistently high attendance, diverse representation across public agencies and commercial partners, and positive engagement throughout the year reinforced the value of regionally focused programming. Lessons from 2025— including the importance of early planning, topic relevance, and balancing established traditions with thoughtful innovation— provide a solid foundation for continued success and alignment with CSMFO’s strategic objectives in 2026.

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Chapter Reports

Desert Mountain Chapter Chapter Chair: Cristian Dominguez, City of Victorville Vice Chair: Cheyenne Everett, City of Victorville 2025 Meeting Dates: • March 12, 2025 – Desert Mountain Chapter Meeting: Rising Project Cost and Optimizing Your Budget (2:00 PM) • July 22, 2025 – Desert Mountain Chapter Meeting (10:30 AM) • September 16, 2025 – Desert Mountain Chapter Meeting (Victorville, CA, 12:00 PM) 2025 Total Event Attendance: • 71 Attendees Summary of 2025 Chapter Activities: We started the year featuring, Lance Holman, President, and CEO of Holman Capital Corporation, discussed the financial pressures facing municipalities due to rising costs and inflation. He compared direct lending and traditional bond financing, highlighting how alternative financing can improve flexibility, reduce costs, speed decision-making, and help municipalities lock in lower prices for capital projects. These strategies can improve cash flow and free up resources for community services and economic development.

Our next session was with Katherine Yuen Krisch and Heather Rowden, this session reviewed key components of an effective year-end close checklist, covering both common and often-overlooked items. Attendees gained practical guidance to help create or improve their agency’s checklist, supporting a more efficient and accurate year-end close.

We were pleased to welcome Michael Coleman for our first in-person meeting since 2022 and thankful for the strong participation. Mr. Coleman provided an overview of current finance trends, ballot measures, and legislative developments affecting California public agencies.

His insights offered valuable perspective on the evolving public finance landscape and its impact on finance professionals.

Notable Moments from 2025: We look forward to offering more opportunities to gather in person. These meetings foster stronger connections, encourage meaningful dialogue, and enhance the exchange of ideas among members. We appreciate everyone who joined us and are excited to continue creating engaging, face-to-face experiences that support collaboration, learning, and professional growth.

Looking Ahead to 2026: As we look ahead to next year, we are excited to continue building momentum through timely education, meaningful engagement, and expanded opportunities to connect. With a focus on relevant topics, practical insights, and increased in-person offerings, we remain committed to supporting our members and adapting to the evolving needs of public finance professionals Leadership Changes for 2026: We are pleased to welcome Amber Exley as a new prospect and are excited about her interest in becoming more involved with the chapter.

We appreciate her enthusiasm and willingness to explore potential chapter chair leadership roles, and we look forward to engaging with her as she gets more involved and contributes her skills and perspective to the chapter.

Additional Comments: The return to in-person meetings was highly valued, highlighting the importance of face-to-face engagement and fostering stronger connections among members. Sessions like financing overview and year-end close checklist provided practical, actionable insights that members can apply in their work. Interest from prospects like Amber Exley in leadership roles points to opportunities for nurturing future chapter leaders.

Across all meetings, a consistent theme was improving financial flexibility, resource allocation, and operational efficiency. Recognizing and appreciating member participation strengthens community engagement and encourages continued involvement.

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Chapter Reports

Coachella Valley Chapter Chapter Chair: Claudia Martinez-Siqueiros Vice Chair: Claude Kilgore 2025 Meeting Dates: • April 2, 2025 - Chapter Meeting La Quinta, CA, 11:30 AM - 1:00 PM) • June 18, 2025 - Chapter Meeting (Palm Desert, CA, 1:30 AM - 1:00 PM) • July 16, 2025 - Chapter Meeting (Zoom, 11:30 AM - 1:00 PM) • September 17, 2025 - Chapter Meeting (La Quinta, CA, 12:00 PM - 2:00 PM) • December 4, 2025 - Chapter Meeting (Rancho Mirage, CA, 2:00 PM - 4:00 PM) 2025 Total Event Attendance: • 132 Attendees Summary of 2025 Chapter Activities: In 2025, the Coachella Valley Chapter delivered a diverse and engaging lineup of chapter meetings focused on timely, practical topics relevant to local government finance professionals. Programming throughout the year addressed key areas such as budgeting and leadership, evolving GASB standards, year-end close best practices, economic and investment trends, and statewide public finance issues. The Chapter utilized a mix of in-person and virtual formats to maximize accessibility during peak workload periods, while continuing to emphasize professional development, peer learning, and meaningful networking. With strong attendance across chapter meetings, the Chapter reinforced its commitment to providing high-value, relevant content that supports members in their day-to-day roles.

Notable Moments from 2025: Notable highlights from 2025 included well-attended technical trainings on recent GASB updates, a virtual year-end close session designed to support members during one of the busiest times of the fiscal year, and the return of a highly regarded statewide public finance expert who provided valuable insights on legislative, policy, and ballot measure developments. The year concluded with an engaging end-of-year meeting that combined an investment-focused educational session with interactive escape game networking, creating a unique opportunity for members to learn, connect, and celebrate the year’s accomplishments. Sponsor support, including a luncheon sponsored by Stifel, further enhanced the quality and experience of Chapter events.

Looking Ahead to 2026: Building on the momentum of 2025, the Coachella Valley Chapter looks ahead to 2026 with a continued focus on delivering relevant, practical programming that reflects the evolving challenges facing local government finance professionals. The Chapter plans to further enhance engagement through interactive formats, timely technical topics, leadership-focused discussions, and opportunities for collaboration and networking. By continuing to balance education with connection, the Chapter remains committed to supporting its members and strengthening the local government finance community in the year ahead.

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Chapter Reports

San Diego Chapter Chapter Chair: Mehrnoush Jamshidi, City of Poway Kristine Ogden, City of La Mesa 2025 Meeting Dates: • February 13, 2025 – San Diego Chapter Meeting (La Mesa, CA, 11:30 AM) • May 7, 2025 – San Diego Chapter Meeting (Poway, CA, 8:30 AM) • August 13, 2025 – San Diego Chapter Meeting – Crunching Tax Numbers: Property & Sales Over Lunch (Carlsbad, CA, 11:30 AM) • December 4, 2025 – San Diego Chapter Meeting (Carlsbad, CA, 3:30 PM – 6:00 PM) 2025 Total Event Attendance: • 157 Attendees Summary of 2025: In 2025, the San Diego Chapter hosted four engaging in-person meetings that brought together local government professionals to discuss both technical and practical issues impacting our region. Topics ranged from MOU negotiations and property tax updates to economic and market analysis, along with sessions focused on developing effective leadership and professional skills. These meetings provided valuable opportunities for learning, collaboration, and sharing insights across agencies.

Notable Moments from 2025: In 2025, the chapter achieved several meaningful milestones. We secured over $2,500 in sponsorship support, which helped offset event costs and enhanced the overall quality of our in-person meetings. We also reduced expenses by hosting three of our events at different cities, demonstrating strong regional collaboration and prudent use of chapter resources. Member engagement continued to grow, with increased attendance and active participation throughout the year, and our meetings provided valuable opportunities for networking while delivering timely, practical insights members could apply directly in their local government roles.

Looking Ahead to 2026: As this was our first year serving as chapter leaders, 2025 provided valuable learning experiences and helped establish a strong foundation for the future. Building on this momentum, we look forward to refining our programming, expanding partnerships, and continuing to deliver relevant, engaging content that supports the professional growth of our members and strengthens collaboration across local governments in the region.

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Chapter Reports

Orange County Chapter Chapter Chair: Michelle Bannigan, City of Stanton Vice Chair: Barbara Arenado, City of Seal Beach The Orange County Chapter held five in-person and 1 virtual meeting during 2025. The average attendance was 70.

2025 Meeting Dates: • January 16, 2025 – Orange County Chapter Meeting (Irvine, CA, 11:30 AM – 1:30 PM) • March 20, 2025 – Orange County Chapter Meeting (Orange, CA, 11:30 AM - 1:00 PM) • May 21, 2025 – Orange County Chapter Meeting (Irvine, CA, 11:30 AM – 1:30 PM) • August 27, 2025 – Orange County Chapter Meeting (Orange, CA, 3:30 PM – 5:00 PM) • October 22, 2025 – Orange County Chapter Meeting (Orange, CA, 10:00 AM – 11:30 AM) • December 11, 2025– Orange County Chapter Holiday Event (Fountain Valley, CA, 11:30 AM – 2:00 PM) 2025 Total Event Attendance: • 359 Attendees We would like to offer our deep appreciation to our presenters who set aside their time to share their topics with our members.

In addition, we are grateful for the continued generosity of our commercial vendors who faithfully provided gift cards and other items to be raffled at our meetings. In particular, we want to thank the generous sponsors for our December event at Mile Square Golf Course, which would not have been possible without their generosity: Best Best & Krieger LLP, BMO Bank, Chandler Asset Management, Inc., Creative Planning, Crowe LLP, Fieldman, Jacob Green and Associates, LSL LLP, Matrix Consulting Group, PFM Asset Management, SingerLewak LLP, Temporary Staffing Professionals, and US Bank.

Finally, I would like to thank Barbara Arenado, Chapter Vice-Chair.

Thank you for your support, especially in scheduling the speakers and topics, securing sponsorships and planning the holiday event.

Also, a big thank you to the CSMFO team contracted through Impact. Thanks for your service throughout the year.

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44

2025

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2025 Strategic Action Plan 2025 marked the start of a new 3-year Strategic Plan for CSMFO. The plan was drafted in December 2024 in a meeting which included the Board of Directors, Committee leadership, and Chapter leaders to ensure a depth and breadth of insights and considerations were integrated into the future-forward plan for the organization.

The Strategic Plan focuses on three main goals: 1. Organizational Sustainability: Ensuring long-range planning for consistent fiscal and operational health, supported by strong staff and volunteer roles.

2. Professional Development: Delivering high-quality training and educational opportunities, offering programs and networking that meet our members and colleagues where they are, while fostering mentorship, leadership, and career advancement.

3. Member Engagement: Understanding member needs and promoting participation through networking, courses, and conferences, while encouraging active volunteerism, and building an inclusive and diverse membership through targeted outreach.

2025 supported these goals through a number of targeted initiatives, with 100% completion on the identified first priorities to support our main goals.

These completed objectives include: • 1.1: Clarify roles and responsibilities for board, staff and association management.

• 1.2: Develop a roadmap for fiscal sustainability and elimination of operational deficit.

• 2.1: Enhance member communications regarding training and educational resources.

• 2.2: Broaden the scope and delivery of specialized training opportunities.

• 3.1: Identify member needs and wants.

• 3.2: Increase chapter participation and strengthen support for chapter leaders.

• 3.3: Improve data collection and reporting on member engagement metrics.

With the first year of the current plan seeing strong momentum, we are excited to continue the work on our Strategic Plan in 2026. If any member is interested in learning more, or volunteering with a committee to help further our ongoing programs as well as our strategic plan work, we encourage you to reach out to express your interest in getting involved.

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Statement of Financial Position As of December 31, 2025 and 2024 2025

2024

Current Assets Cash and Investments Accounts Receivable Other Current Assets

2,477,563 17,795 185,227

1,762,452 0 620,033

Total Current Assets

$2,680,585

$2,382,485

$2,680,585

$2,382,485

Current Liabilities Accounts Payable Other Current Liabilities

9,389 1,788,973

87,240 1,382,625

Total Current Liabilities

$1,798,362

$1,469,865

$1,798,362

$1,469,865

196,707 685,516

68,541 844,079

Total Net Assets

$882,223

$912,620

TOTAL LIABIILITIES and Net Assets

$2,680,585

$2,382,485

ASSETS

TOTAL ASSETS LIABILITIES and Net Assets Liabilities

Total Liabilities Net Assets Undesignated Net Assets Designated - Operating Reserves

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Statement of Activities As of December 31, 2025 and 2024 Preliminary, unaudited financials for the 2025 fiscal year ending December 31, 2025.

2025

2024

579,049 231,910 137,263 1,542,357

529,299 246,622 111,784 1,650,135

$2,490,579

$2,537,840

680,347 184,247 112,990 1,474,289

576,315 238,756 103,644 1,633,706

Total Expenses

$2,451,873

$2,552,421

Net Revenues (Expenses)

$38,706

$(14,581)

Revenue and Support Operating Education Programs Chapters Conference Subtotal Operating Revenues

Expense Operating Education Programs Chapters Conference

48

Membership Statistics YEAR

MUNICIPAL MEMBER

COMMERCIAL MEMBER

OTHER GOVERNMENT MEMBER

2025

2,311

221

30

2024

2,029

284

2023

2,578

2022

RETIRED

STUDENT

COMPLIMENTARY

PROFESSOR MEMBERS

TOTAL

59

65

0

0

2,686

53

70

15

11

0

2,462

242

78

54

72

4

0

3,030

2,090

220

63

52

61

2

0

2,489

2021

2,149

254

95

66

70

4

0

2,638

2020

1,992

221

107

64

76

2

9

2,474

2019

2,021

269

91

65

39

6

2

2,493

2018

2,007

292

62

66

21

1

0

2,449

2017

1,940

266

54

79

14

18

0

2,371

2016

1,823

241

39

68

13

6

0

2,190

2015

1,711

243

26

67

22

19

0

2,088

2014

1,526

236

24

59

18

14

0

1,877

2013

1,449

256

18

59

13

19

0

1,814

2012

1,417

262

8

65

14

15

0

1,781

2011

1,299

232

60

60

15

21

0

1,687

2010

1,264

248

55

58

17

21

0

1,663

2009

1,288

255

45

45

14

18

0

1,665

2008

1,362

268

40

41

9

17

0

1,737

2007

1,158

204

21

28

1

14

0

1,426

2006

986

204

4

17

1

22

0

1,234

49

2025

50 50

51

CSMFO

2025 Annual Report

www.csmfo.org Dedicated to Excellence in Municipal Financial Management