Government Cash Management Workshop

The financial crisis has increased the burden for governments to manage liquidity, cash and debt. The public financial management (PFM) workshops at the 24th. Annual International Consortium on Governmental Financial Management (ICGFM) Conference began with a full day session on cash management. The intense training was provided by financial experts from the United States Department of the Treasury.

The majority of participants at ICGFM conferences come from developing countries. The US Department of the Treasury is very active in international technical assistance to governments around the world. The workshop was led by four members of the US Treasury Technical assistance who have significant international experience:

• Laura Trimble, Associate Director, Budget and Financial Accountability, US Department of the Treasury
• Michael Ablowich, Budget and Financial Accountability, US Department of the Treasury
• Gail Ostler, Budget and Financial Accountability, US Department of the Treasury
• Laura Ross, Budget and Financial Accountability, US Department of the Treasury

The workshop was opened by Laura Trimble who described the services provided by the group. She pointed out that US Treasury is the equivalent of the Ministry of Finance in other countries.

Agenda for Government Cash Management training:

Session 1: Gail Ostler: What is Cash Management

• Definitions & Objectives
• What Cash Management Is Not
• Results of a Poorly Defined Program
• Components of a Strong Program

Session 2: Gail Ostler: Organization and Communication

• Establishing Cash Management Unit
• Flow of Information
• Policy Committee

Session 3: Gail Ostler & Laura Ross: Treasury Single Account & Banking Relationships

• Definition of a TSA
• Challenges and Steps to Moving toward Centralized Accounts
• Central Bank Versus Commercial Banks
• Learning About the Banking Environment
• Examples of RFPs for Banking Services

Session 4: Laura Ross: Debt and Investment Policies

• Tying Debt Issuances to Forecasts
• Short-term Versus Long-Term Debt
• Assumption of Investment Risk
• Ensuring Investments Are Secure
• Examples of US State and Local Government Investment Policies

Session 5: Mike Ablowich: Cash Flow Forecasting

• Objectives
• Process of Cash Flow Forecasting
• Components of the Forecast
• Analysis of Variances
• Understanding and Measuring Float

Session 6: Mike Ablowich: Managing Cash Inflows and Outflows

• Objectives
• Techniques

Laura Trimble: Wrap-up

• Q&A
• Evaluations

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