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Treasury Management Association of Chicago®

The Treasury Management Association of Chicago® (TMAC) is a not for profit professional organization dedicated to providing a forum for its members for the exchange of ideas, concepts, and techniques related to cash/treasury management. TMAC's membership is open to all persons whose primary job responsibility is the practice of treasury or financial management within organizations, companies, educational institutions, governmental bodies or corporations. At regular meetings, TMAC offers members the opportunity to hear relevant cash/treasury management issues presented by recognized professionals. Presentations cover such topics as finance, cash management systems, investments, economic issues, cash forecasting, and banking relations and regulations. Emphasis is placed in the planning of the programs to ensure that the topics are timely and rewarding to our membership.Meetings qualify for CTP and CCM credits.

Julie QualiatoPresident’s Newsletter

Date:  February 17, 2016

2016 is well underway and your TMAC board has been very busy working on their planned duties and the additional goals for their positions. The accomplishments so far this year include securing speakers for both luncheons at Windy City Summit and negotiating addendums with Sheraton Chicago Hotel and Towers for 2017 and 2018. Following are additional updates for each board member.

Tricia Kelly, TMAC Vice President continues to work with Sue Donatello, Academic Relations Chair to update the intern selection process and documentation as well as continue their work an international scholarship program.

TMAC Treasurer, Kelly Ragonese, continues to develop Sheryl Deering, her committee member and AT, as her back up for all treasury processes. In addition, she is working on the business case to outsource TMAC and Windy City payment and accounting process to CDH. The business case will be presented to the board at a coming board meeting.

Sunil Patel, TMAC Secretary, presented the member survey results at the January meeting. They will be posted to the member’s only section of the TMAC website shortly. In addition, he continues to work in partnership with GSS and Jim Portalatin, Website Chair, to develop a more efficient process for posting meeting minutes to the website.

Your Windy City Co-Chairs Angelyn Pennington and Gary Silha have been busy planning the 30th Annual conference. In addition to the keynote, Deborah Roberts, which was announced in last quarter’s memo, they have secured the speakers for both lunches. They are Roger Crossey, former member of the Unites States National Security Council staff and Kevin Lucz, former Navy SEAL who also worked as the SEAL Technical Advisor and played himself in the Oscar nominated 2014 film 'American Sniper”.

The WCS Program Committee has finished their review of over 190 Call for Presentation proposals. They have selected 135 sessions for this year’s conference. An electronic copy of the preliminary program will be posted to the TMAC website later this month. Many thanks to Gary Haman as WCS Program Chair and WCS Program committee members, Russ Augsburg, Tom Digan, Kasthuri Henry, Jeremy Simon and Michael Thorsen. In his role as Windy City Ad-Hoc, Norman Goldstein successfully negotiated amendments to the Sheraton contract for 2017 and 2018, in anticipation of changes in WCS conference dates.

Your Meeting Site Co-Chairs, (Mandy Campbell and Cathy McGarry) and Program Committee Co-Chairs (Kim Drennan and Frank Hashimoto) have organized several great monthly meetings programs and venues in the quarter. Choosing the Crowne Plaza as the venue for the October meeting also met the challenging goal for the meeting site co-chairs, which was to find a relatively affordable city meeting site option. In addition, Mandy and Cathy put together their second networking event of the fiscal year. The Murder Mystery Dinner in Schaumburg on January 23rd was a great success. Pictures from the festivities are posted in the Photo Gallery tab on the TMAC website. Take a moment to look at them by clicking the "Photo Gallery" tab in the right navigation!

Policy Chair, Rob Gosma will be researching implications of 501c (6) status on TMAC’s holdings and ownership structure. Rob’s committee member and AT, Nitixa Patel, is expanding and documenting this second AT position to function as Windy City controller. She is working with the Windy City co-chairs and M&I to ensure complete and timely accounting procedures and controls are in place.

Maria Preston, Membership Chair, is developing a marketing strategy to increase TMAC membership. In addition, she is working with Membership committee members, Bob Donaldson and John Gallagher on an investigation on non-renewals. The results of this investigation will be presented to the board at a future meeting.

As you can see, your board members have a lot on their plates over the coming months, in addition to their day jobs!.

As a reminder, elections for the 2016/2017 TMAC fiscal year will be upon us in April. Please consider running for office. I hope to see you at a monthly meeting very soon!

Best Regards, Julie


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TMAC June Meeting - An Update on ACH From The Chairman of NACHA

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