About CalMuni Advisors
Independent advice, built for California public agencies.
CalMuni was founded on a straightforward premise: local governments deserve financial advice that is structured around their interests, not around the next transaction.
Why CalMuni Exists
Most public agencies are underserved by the advice they receive.
California's cities, counties, special districts, and fire agencies face compounding fiscal pressure: rising pension obligations, aging infrastructure, constrained revenues, and boards that must make consequential decisions with limited time and information.
Most financial advice available to public agencies comes from firms whose business model depends on transactions. Bond issuances, investment products, financing deals. That creates a structural conflict. When an advisor profits from recommending a transaction, the agency can never be fully certain whether a recommendation reflects its best interest or theirs.
CalMuni was built around a different model. We are a fee-only advisory firm. We do not underwrite, sell products, or earn transaction-based compensation. Our only interest is in helping public agencies understand their fiscal position clearly and make decisions they can defend to their boards, their communities, and themselves.
Our Independence
What independent advice actually means.
The word "independent" is used loosely in public finance. For CalMuni, it has a specific meaning: structural, legal, and enforceable.
No underwriting. No product sales.
CalMuni does not underwrite bonds, sell investment products, or earn commissions. Our revenue comes solely from advisory fees, which means our recommendations are shaped entirely by your agency's fiscal situation, not ours.
Fiduciary-aligned by law.
We are a registered municipal advisor under SEC and MSRB rules. That registration carries a legal fiduciary obligation to put your agency's interests first, a standard that many firms advising public agencies are not required to meet.
Transparent on tradeoffs.
We tell agencies what they need to hear, not what is easiest to say. That means being clear about the risks of inaction, the limits of a proposed strategy, and the scenarios a board should understand before making a decision.
Leadership
The firm behind the work.
Andrew Flynn
Managing Director
Andrew Flynn is a public finance advisor, public official, and civic leader with more than two decades of experience working at the intersection of finance, governance, and public policy. He advises California cities, counties, special districts, fire agencies, and joint powers authorities on long-term financial planning, debt structuring, pension and OPEB strategy, utility rates, and capital program development.
Andrew's work is grounded in a systems view of public agency finance: how budgets, obligations, infrastructure, revenues, and governance capacity interact over time. He focuses on helping governing boards move from complexity to clarity, translating technical analysis into decisions that are defensible, executable, and aligned with long-term community interests.
In addition to his advisory practice, Andrew has served in elected and appointed roles in local government, bringing a firsthand understanding of what boards and officials actually face when making high-stakes fiscal decisions. That experience shapes how he frames recommendations, communicates tradeoffs, and supports implementation.
Andrew is a registered municipal advisor under SEC and MSRB rules and holds a Series 50 Municipal Advisor Representative qualification.
Ready to talk about your agency's fiscal position?
Whether you're managing a long-term fiscal challenge or preparing for a specific transaction, CalMuni brings the same independent perspective to the work.