Kelsi Spurgeon

Kelsi Spurgeon

Kelsi Spurgeon is a Principal of Columbia Capital Management, having joined the firm in 2004. She advises clients in both financial and investment advisory activities. She has extensive experience in financial modeling and quantitative analysis.Prior to joining Columbia Capital Management, Ms. Spurgeon was a financial advisor for a national financial advisory firm where she developed financial models and conducted cash flow analysis for a variety of debt transactions. In South Dakota she worked for the Department of Revenue on the development and progress of the National Streamlined Sales Tax Project.Among her accomplishments, Ms. Spurgeon developed a financial model of a complex multi-district economic development program involving multiple series of bonds with different repayment securities, one dozen different sources of revenue and an extremely complex and inter-related series of expenditures from those various revenues. Her models also include analysis of future potential retirement liabilities for a large city in Kansas related to the impacts of its contractual obligations for certain employee groups on its payments to the state retirement system and structuring many different types of general obligation and revenue bond issues. She also authored a cost/benefit model for a community demonstrating the net fiscal impact of property tax abatements on city, county and school district governments.Ms. Spurgeon holds a BS in Business Administration in Economics from the University of South Dakota. Her undergraduate thesis consisted of creating a model capable of examining sub-national tax structures and their impact on corporate returns. She presented this research at several national conferences. Ms. Spurgeon has completed one year of coursework toward a Ph.D. in Economics at the University of Kansas.Ms. Spurgeon recently advised the State of Missouri on two large refunding transactions of State general obligation bonds producing more than $33.6 million in combined savings. Ms. Spurgeon developed the plan of finance for each transaction, identifying the opportunity for economic and budgetary savings, working with State Department of Administration Staff to obtain gubernatorial approval of the transactions, and subsequently advising on the successful pricing and closing of each transaction. Columbia serves as the State�s on-going financial advisor.