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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#44546A">Good Morning CAFR Contacts,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#44546A"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#44546A">Below is an invitation for a
<u>free</u> webinar from KPMG on part 1 of GASB Statement No. 72 – Fair Value Measurement and Application. 2 hours of CPE are offered. The webinar is on Tuesday, February 9, from 11:00 am – 1:00 pm (PST).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#44546A"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#44546A">For those that are unfamiliar with KPMG’s Government Institute, they do a very nice job presenting new standards, and it’s free CPE. Also, these webinars are available
individually rather than as a group, so SARS does not reserve any conference rooms for this CPE, as is done for NASACT webinars.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#44546A"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#44546A">If you have any questions, please feel free to contact me.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#44546A"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#44546A">Rob<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#44546A"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> KPMG Government Institute [mailto:community-manager@kpmgemail.com]
<br>
<b>Sent:</b> Tuesday, January 26, 2016 8:01 AM<br>
<b>To:</b> robert.w.hamilton@state.or.us<br>
<b>Subject:</b> KPMG Government Institute Webcast on February 9: GASB Statement No. 72: Overview of Fair Value Measurement and Application, Part I<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="color:black"><img width="600" height="100" id="_x0000_i1025" src="http://www.kpmgevents.com/webcasts/images/Invitation_US_600x100.jpg" alt="INVITATION"><o:p></o:p></span></p>
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<h1>KPMG Government Institute Webcast Series<o:p></o:p></h1>
<h2 style="margin-bottom:10.0pt">GASB Statement No. 72 - Fair Value Measurement and Application<o:p></o:p></h2>
<h2 style="margin-bottom:10.0pt">Part 1: Overview of Fair Value Measurement and Application<o:p></o:p></h2>
<h3>Tuesday, February 9, 2016 | 2:00 p.m. to 4:00 p.m. (EST)<o:p></o:p></h3>
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<p class="MsoNormal"><span style="color:black"><img width="405" height="269" id="_x0000_i1026" src="http://www.kpmgevents.com/Webcasts/images/Government_405x269.jpg" alt="Professionals walking on staircase"> <o:p></o:p></span></p>
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<p><span style="color:black">The KPMG Government Institute, and partners and professionals of KPMG LLP invite you to join us for the first of a two-part Webcast series discussing the application of fair value to investments and other financial instruments under
GASB 72, <em><span style="font-family:"Arial",sans-serif">Fair Value Measurement and Application</span></em>.
<br>
Part I of this Webcast series, to be held on Tuesday, February 9, 2016, from 2:00 p.m. to 4:00 p.m. EST, will discuss:<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:12.0pt;text-indent:-12.0pt;line-height:12.0pt;mso-list:l1 level1 lfo1">
<![if !supportLists]><span style="font-size:10.0pt;font-family:Symbol;color:black"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">Definition of an investment<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:12.0pt;text-indent:-12.0pt;line-height:12.0pt;mso-list:l1 level1 lfo1">
<![if !supportLists]><span style="font-size:10.0pt;font-family:Symbol;color:black"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">Application of the definition of fair value to investments<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:12.0pt;text-indent:-12.0pt;line-height:12.0pt;mso-list:l1 level1 lfo1">
<![if !supportLists]><span style="font-size:10.0pt;font-family:Symbol;color:black"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">Fair value hierarchy<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:12.0pt;text-indent:-12.0pt;line-height:12.0pt;mso-list:l1 level1 lfo1">
<![if !supportLists]><span style="font-size:10.0pt;font-family:Symbol;color:black"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">Valuation techniques, principles and approaches<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:12.0pt;text-indent:-12.0pt;line-height:12.0pt;mso-list:l1 level1 lfo1">
<![if !supportLists]><span style="font-size:10.0pt;font-family:Symbol;color:black"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">Financial statement disclosures<o:p></o:p></span></p>
<p><span style="color:black">The presenters for these webcasts will include <strong>
<span style="font-family:"Arial",sans-serif">Jeff Markert</span></strong>, a partner in KPMG’s national Department of Professional Practice (DPP);
<strong><span style="font-family:"Arial",sans-serif">Greg Driscoll</span></strong>, an Audit partner in KPMG’s Boston office;
<strong><span style="font-family:"Arial",sans-serif">John Hubbe</span></strong>, an Audit partner in KPMG’s New York office; and
<strong><span style="font-family:"Arial",sans-serif">Steven Whiting</span></strong>, an Advisory principal in KPMG’s financial risk management practice.
<o:p></o:p></span></p>
<p><span style="color:black">In his DPP role, Jeff devotes significant time to emerging issues related to governments, including working with the GASB in the development and implementation of new standards, and providing technical assistance and training to
KPMG personnel throughout the United States. Jeff also currently serves as the chairman of the AICPA State and Local Government Expert Panel. Greg serves as the lead engagement partner and as a technical resource to many of the firm’s largest Northeast area
clients. He previously served as a partner in KPMG’s DPP and as the KPMG practice fellow at the GASB.
<o:p></o:p></span></p>
<p><span style="color:black">John is a partner in KPMG’s financial services practice. His investment management experience has included audits of common and collective trusts and other investment funds including hedge, private equity, mezzanine, as well as
fund of funds and their investment advisors. Steven is a principal in KPMG’s financial risk management practice and holds a Ph.D. in Economics. Prior to joining KPMG, Steven was a Vice President of a large financial institution responsible for trading structured
derivative transactions. Since joining KPMG, he has been responsible for economic and regulatory capital matters, trading risk management, model review and model assessment. Steven oversees KPMG’s testing of hard-to-value assets at its major audit clients.<o:p></o:p></span></p>
<h3>Who should attend<o:p></o:p></h3>
<p><span style="color:black">State and local government accounting and financial reporting professionals responsible for preparing, reviewing, and auditing external GAAP financial statements of government entities, including public employee retirement systems
and governmental colleges and universities. <o:p></o:p></span></p>
<h3>CPE credit<o:p></o:p></h3>
<p><span style="color:black">A total of 2.0 continuing professional education (CPE) credits are available to participants who meet the eligibility requirements below:<o:p></o:p></span></p>
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</span></span></span><![endif]><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">You must be registered and individually logged in to the Webcast.<o:p></o:p></span></p>
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</span></span></span><![endif]><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">You must answer six of the questions asked during the Webcast.
<o:p></o:p></span></p>
<p><span style="color:black">To register for “Part I: Overview of Fair Value Measurements and Application to Investments” on Tuesday, February 9, 2016, from 2:00 p.m. to 4:00 p.m. (EST), click the link below.<o:p></o:p></span></p>
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<p class="boxtextwhite" align="center" style="text-align:center"><a href="http://click.kpmgemail.com/?qs=73bac1fc71525a2e33fe0637c783cd7344cacb88185032a5b3d865c90a752b3b" target="_blank"><span style="color:white">Register now >
</span></a><o:p></o:p></p>
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<h3> <o:p></o:p></h3>
<p><span style="color:black">After registering, you will receive details on how to log in to the Webcast (or dial in for audio-only participation) and how to access presentation material.<o:p></o:p></span></p>
<p><span style="color:black">We hope you will join us.<o:p></o:p></span></p>
<p><span style="color:black">Thank you.<o:p></o:p></span></p>
<h3><span style="color:black">Save the date for Part II of the GASB Statement No. 72 - “Fair Value Measurement and Application” series:<o:p></o:p></span></h3>
<p><span style="color:black">Practical Application of Fair Value to Common Types of Investments and Derivatives<br>
Date: Tuesday, February 23, 2016 <br>
Time: 2:00 p.m. - 4:00 p.m. (EST) <o:p></o:p></span></p>
<h3 style="margin-top:22.5pt">About the KPMG Government Institute<o:p></o:p></h3>
<p><span style="color:black">The KPMG Government Institute was established to serve as a strategic resource for government chief financial officers seeking to achieve high standards of accountability, transparency, and performance. The Institute is a forum
for ideas, a place to share leading practices, and a source of thought leadership as a catalyst to help governments address difficult challenges. For more information, visit us at
<a href="http://click.kpmgemail.com/?qs=73bac1fc71525a2e9c1b2dcd78535d3365e51bafa889711716ba4039a5cf24fd" target="_blank">
KPMG Government Institute</a>.<o:p></o:p></span></p>
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<p class="boxtextwhite" align="center" style="text-align:center"><a href="http://click.kpmgemail.com/?qs=73bac1fc71525a2e33fe0637c783cd7344cacb88185032a5b3d865c90a752b3b" target="_blank"><span style="color:white">Register now ></span></a><o:p></o:p></p>
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