Tuesday, May 16th
Clark Somerville, FCM President
Clark Somerville is a Local/Regional Councillor for the Town of Halton Hills and Halton Region, ON. He has served on council for more than 18 years. While growing up on a farm near Acton, ON, Councillor Somerville saw first-hand the value that agricultural and rural areas play in the vitality of our communities. His wards encompass urban and rural areas, and as a result Councillor Somerville has continuously advocated for protecting countryside and the Niagara Escarpment from being designated for future highway corridors and growth areas.
The councillor has served as a member of the Halton Regional Police Services Board, Chair of Halton’s Health and Social Services Committee, Vice President of the Halton Community Housing Corporation and a variety of other committees.
He has worked with various community groups such as Poverty Free Halton, and has been an advocate for accessible and affordable housing. He has supported transit passes for low income earners and worked to ensure that all official plans have inclusive neighbourhoods and affordable housing options.
Councillor Somerville has been a member of FCM’s Board of Directors and Ontario Caucus for five years. He has vice-chaired the Rural Forum and chaired the Housing Subcommittee, and has vice-chaired the Standing Committee on Social Economic Development. He was instrumental in founding the “Men4Women” Group that annually raises money for the Mayor Andree P. Boucher Memorial Scholarship.
Wednesday, May 17th
David Clark, Director Capital Improvements Program & Darryl Street, Senior Financial Policy Advisor, District of Columbia
What’s the size of the ‘bridge’ needed?: Defining the gap between capital needs and available funding by asset type, and how to approach a solution.
A case study on how the District of Columbia leveraged technology to optimize their capital investment for maximum return. During this presentation, David will discuss the advantages developing an integrated asset inventory program that focuses on improved clarity of decision making made possible by a system which optimizes risk, assets, resources and budgets. David will tell the story of how the District of Columbia managed the key components of this process: recognizing the need to evaluate projects and assets, the creation of evaluation criteria and their appropriate weighting, the configuration of the software to record and tabulate results, and the time and effort needed to properly score each asset and project objectively.
Additionally, David will address how structuring a useful differentiation of assets based on how they must be managed in the future can benefit capital performance. The discussion will include how to quantify the budget gaps, and justify the needed funding to bridge them. Finally, the question will be asked and answered, can one successfully determine an ROI for an investment into ongoing recurring capital needs?
A little about David…
David Clark began his employment with the District of Columbia government after a 24 year career with the US Postal Service. He began his postal career as a letter carrier working his way up to serving as the Postmaster of Washington DC for 7 years. He spent his last 2 years with the USPS as the Manager of Vehicle Operations nationally where he oversaw the largest non-military fleet in the world, with over 210,000 delivery vehicles and an annual operating budget of over $800M.
Dave began work in the District of Columbia as the agency Director for the Department of Consumer and Regulatory Affairs in 2001. For the last 8 years, Dave has served in the independent Office of the Chief Financial Offer as the Director of the Capital Improvements Program. The District’s capital program encompasses over 800 hundred current projects with an annual budget of about $1.2 billion dollars, with assets valued at over $17 Billion.
His most recent work has been in the creation of a long term financial plan, both operating and capital, for the Washington Area Metropolitan Area Transit Authority – known to most as the Metro. His current and ongoing work involves a separate plan of asset management modeling for the long range capital financing plan for Washington DC supporting identified capital needs exceeding $12B in the next 6 years.
He has done presentations before the World Bank, the DC Building Industry Association, the DC Chamber of Commerce, to the Mayor and City Council of Washington DC, the Board of Governors of the US Postal Service, as a part of testimony to committees of the U.S. Congress, numerous foreign delegations, and to a wide variety of business customers and organizations.
Mr. Clark did his undergraduate work at the State University of New York at Albany, and holds a MBA from the George Washington University in Washington DC. He has also done graduate course work at Harvard University, and the American Management Association in New York City.
A little about Darryl…
Darryl Street is the Senior Financial Policy Advisor to the District of Columbia’s ChiefFinancial Officer, Jeffrey S. DeWitt, since February 2015. Mr. Street provides advice on a wide array of financial issues, including debt structuring and refinancing opportunities. He is responsible for calculating and managing the District’s debt
capacity model to ensure that the District stays within its federally and locally mandated debt limits. Mr. Street also leads the OCFO’s team responsible for the development of a long-range capital financial plan to address the infrastructure financing challenges of the District of Columbia. He is responsible for instituting direct outreach to institutional investors in the debt of the District of Columbia by organizing investor conferences andthe development of an investor relations website. He serves as a financial liaison from the Office of the Chief Financial Officer to the Washington Convention and Sports Authority (WCSA) and other select governmental agencies performing various financial analyses for those entities. Mr. Street serves as part of the OCFO executive team for issues related to the financial challenges of the Washington Metropolitan Area Transit Authority (WMATA), and also serves as liaison to the Mayor’s Office of Public Private
Partnerships in evaluating financing opportunities for various P3 proposals and their impact on the District’s debt limit.
Mr. Street is a former vice president of Fieldman, Rolapp & Associates, a financial advisory firm located in Irvine, California. While at that firm, he advised on more than $12 billion in debt issuances for state and local governments, including the state of California and the city of Los Angeles. Prior to working as a financial advisor, he served in a variety of positions within public finance, including as an investment banker, a guaranteed investment contracts provider, as well as working for the city of Los Angeles
in the debt management group within the Office of the City Administrative Officer.
Mr. Street holds a Master’s degree in finance and a Bachelor’s degree in business management from Loyola Marymount University, Los Angeles. He is also a member of the Government Finance Officers Association and the Association of Public Finance Professionals for the District of Columbia, Maryland and Virginia.
Thursday, May 18
Co-Owner, Tool Shed Brewing Company
Graham Sherman is a self-professed “high level geek” who has used his love of technology to help him master the craft of brewing artisan beer. Together with his partner, Graham launched the Tool Shed Brewery four years ago, and has never looked back. Speaking on what it takes to be a successful entrepreneur, Graham’s passion comes through in every talk.
Prior to starting Tool Shed, Graham and his Tool Shed partner worked on contracts for the Canadian and US governments and military forces, installing encrypted, tactical communication networks. By day, they rolled around Afghanistan in armoured vehicles, “geeking out” in the world of satellite communications. By night, they aimed their obsessive, high-level thinking at mastering everyday tasks such as coffee, learning to control their homes in Canada remotely with their iPhones….and finally, perfecting batches of beer.
Now sold in over 1000 locations in Western Canada, Tool Shed has its 15,000 square foot headquarters in Calgary, and the team behind the brand has also been nominated as Canadian Entrepreneur of the year, the world’s most prestigious business award for entrepreneurs, with programs in 145 cities in 60 countries. They were also named as two co-winners of the “40 Under 40” recognition from Avenue magazine.
Then join him at 2:00pm for a tour of Tool Shed Brewing Company… yes, there will be beer samples!