The CFO will assist in developing and monitoring the City’s budget. The recently adopted FY 24-25 budget of $178.4M, which is supported by a tax rate of $.5178 per $100 of assessed tax value, includes: General Fund: $72.8M; Electric: $55.7M; and the Water & Sewer Fund: $31.6M. The CFO oversees 13 staff members, including four direct reports: Assistant Finance Director, Customer Service Manager/Revenue Officer, and Purchasing Agent. The next CFO will join a nationally recognized municipality. For over 20 consecutive years, the City of Statesville has been awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA). Statesville is proud to have also been awarded the GFOA Distinguished Budget Presentation award for its annual budget for the 23rd consecutive year.

Following the adoption of a new capital plan and considerations for using debt to finance more infrastructure, the next CFO will effectively guide staff and the Council through implementing a new approach and processes. Additionally, the CFO will collaborate frequently with key stakeholders, including but not limited to City leadership, Council, financial advisors, Bond Attorneys, and community members, especially regarding the City’s first upcoming bond rating process and the computation and explanation of revenue-neutral tax calculations.

The ideal candidate will have experience working for municipalities that manage their own utilities. Statesville’s electric utility uses Federal Energy Regulatory Commission (“FERC”) accounting. The new CFO needs to either have knowledge of or the capacity to learn the differences between a FERC chart of accounts and traditional government enterprise accounting in order to assess the pros and cons of changing the accounting methods for the electric utility.

City Of Statesville

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Chief Financial Officer