Del Rio Advisors, LLC: About Us
Mr. Kenneth L. Dieker is the owner and principal
of Del Rio Advisors, LLC “DRALLC” (formerly MuniSoft). The
firm was started in 1991 to offer outsourced technical
services, proposal writing services and bond sizing
software to municipal finance professionals. DRALLC
started because of the need for many small and regional
firms to do numerical analysis for their clients. DRALLC
specializes in structuring financings, refinancings
(refundings) and creating financing plans for underwriters,
financial advisors, and municipal issuers across
the United States. DRALLC also sells MuniSoft software
used in structuring new money financings. The software
uses industry standard calculations and has been
used and verified by many firms. DRALLC also works
with underwriting and financial advisory firms to
answer RFPs presented by public agencies. DRALLC
not only “runs the numbers” but also helps in writing
responses to many of the technical and structuring
related questions.
DRALLC began offering general financial
advisory services to public agencies in 1996.
DRALLC is currently the Financial Advisor to the
following public agencies:
- City of Palm Desert (Riverside County)
- City of Stockton (San Joaquin County)
- City of Woodland (Yolo County)
- Scotts Valley Water District (Santa Cruz County)
- City of Solana Beach (San Diego County)
- City of Escalon (San Joaquin County)
- City of Waterford (Stanislaus County)
- City of Brentwood (Contra Costa County)
- Salton Sea Authority (Riverside and Imperial
Counties)
- City of Shasta Lake (Shasta County)
DRALLC is currently the Cash Flow Consultant
to the following public agencies:
- City of Orange Cove (Fresno County)
- City of Firebaugh (Fresno County)
- City of Atwater (Merced County)
Mr. Dieker got his start in municipal finance investment
banking in 1987 with Rauscher Pierce Refsnes, Inc.
(RBC Dain Rauscher / RBC Capital Markets). Mr. Dieker
ran the numbers, helped write the official statements
and coordinated and reviewed the legal documents
for many offerings. Mr. Dieker was assigned to clients
that were large active issuers with a good deal of
outstanding debt. The computer forecasting and cash
flow models he created utilized all the various revenue
streams including: assessments, special taxes, property
taxes, water / sewer / electric revenues, impact
fees, interest earnings, etc. He was also required
to layer the debt issues, calculate debt service
coverage ratios and structure additional bonds tests.
He attended and presented the information at Council
/ Board meetings and at meetings with the rating
agencies and bond insurers. Mr. Dieker stays versed
in all industry trends including the use of variable
rate debt, zero coupon and convertible products and
derivative products like forwards and swaps. Mr.
Dieker has a BA from the University of California,
Berkeley and an MBA from Oregon State University.
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