State Revolving Funds

State Revolving Funds (SRF) are a perpetual source of financing for state projects. The term “Revolving Fund” means that interest earned and money repaid is put back into the program to fund additional projects.

PFM’s financial advisory team has served as advisor on dozens of SRFs with total par amounts exceeding several billion dollars. Our success in creating and implementing SRF and pooled loan programs for our clients throughout the nation is a result of our extensive knowledge in this specialized practice area, including:

  • Optimization of available program security including equity funds, loan collateralization, moral obligation pledge and state intercept mechanisms, etc.
  • Thorough understanding of EPA regulations
  • State match funding sources
  • Leveraging structures: Reserve fund, cash flow and hybrid models
  • Federal and state legal issues (i.e. IRS regulations, solutions to address TIPRA, etc.)

Meet Our People

Name
Position
Location
Fan Yam
Client Services Senior Analyst
Philadelphia
Stefani VonHoltum-Niesent
307.349.2204
Senior Managing Consultant
San Francisco
Christi Fletcher
717.213.3896
Senior Portfolio Manager
Harrisburg
Scott Sweeten, BCM, CFS
407.406.5754
Senior Managing Consultant
Orlando East (fka Fishkind and Associates)
Katie Hess
704.319.7931
Data Coordination Administrator
Charlotte
Joan Evans
307.287.1514
Senior Marketing Representative
Cheyenne
Sean Wahl
734.794.2536
Senior Managing Consultant
Ann Arbor
Amy Otten
Client Services Senior Analyst
Philadelphia
Nancy Jones
415.982.5544
Managing Director
San Francisco
Lorraine Cedeño
212.809.4212
Senior Government Relations Specialist
New York
Alexia Pereira
215.814.1934
Client Success Manager
Philadelphia
Derek Freitag
215.557.1459
Strategic Account Executive
Philadelphia
Corneel Boulard
734.994.9700
Municipal Bond Assistant II
Ann Arbor
Thomas Armstrong
734.994.9700
Senior Managing Consultant
Ann Arbor
Daniel Beazzo
717.213.3818
Accounting Systems Manager
Harrisburg
Ebony Wortham
215.557.1416
Senior Managing Consultant
Philadelphia
Heather Casperson
612.371.3753
Senior Managing Consultant
Minneapolis
Nick Jones
415.982.5544
Senior Managing Consultant
San Francisco
Chuck Upcraft
612.371.3731
Senior Managing Consultant
Minneapolis
Brooke Pierce
215.567.6100
Swap Accounting Coordinator
Philadelphia
Lila Berry
646.561.0722
Senior Managing Consultant
New York
Joseph Federico
415.393.7224
Senior Managing Consultant
San Francisco
Tamara Kemmler
412.439.8431
Senior Marketing Representative
Harrisburg
Christopher Rekawek, CFA
717.213.3811
Senior Managing Consultant
Harrisburg
Elise Lomel
404.410.2227
Senior Managing Consultant
Atlanta
Marie Nasevich, CFP
215.557.1229
Client Services Senior Analyst
Philadelphia
Kristina F. Powell
646.561.1723
Senior Managing Consultant
New York
Mudra Patel
415.393.7258
Senior Managing Consultant
San Francisco
Anne Wuollet
612.371.3723
Senior Managing Consultant
Minneapolis
Robert Wilson
407.406.5768
Senior Managing Consultant
Orlando
Nick Yatsula
901.466.4557
Senior Managing Consultant
Memphis
Alex Theissen
617.508.5646
Senior Managing Consultant
Boston
Hank Fishkind, Ph.D.
407.723.5900
Director
Orlando East (fka Fishkind and Associates)
Jackie Berry
407.723.5929
Multi-Asset Class Specialist
Orlando East (fka Fishkind and Associates)
Steven Schriever, ChFC, CLU
407.723.5942
Senior Managing Consultant
Orlando East (fka Fishkind and Associates)
Stanley Geberer
407.723.5900
Senior Managing Consultant
Orlando East (fka Fishkind and Associates)
Nicholas Groff
717.213.3815
Senior Portfolio Accountant
Harrisburg
Venessa Ripoll
407.723.5900
Assistant District Manager
Orlando East (fka Fishkind and Associates)
Jennifer Glasgow
407.723.5900
Chief District Accountant
Orlando East (fka Fishkind and Associates)
Jane Gaarlandt
407.723.5900
District Manager
Orlando East (fka Fishkind and Associates)
Amanda Lane
407.723.5900
Assistant Chief District Accountant
Vivian Carvalho
407.723.5900
District Manager
Orlando East (fka Fishkind and Associates)
Joshua Gawel
215.557.1461
Senior Managing Consultant
Philadelphia
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