The new director position would allow the city to leave unfilled the position of CFO. The CFO position was last held by
"Linda was going well beyond her job title in her role in the finance and accounting section," Kyle said. "We're a big enough organization that we need someone leading the accounting and finance functions who can direct it without assistance from anyone else, when there's no assistance available."
The salary range for the director of finance and accounting would be
"It was a quite disappointing batch of applicants," Kyle said. "In our minimum requirements we asked for an accounting degree, a finance degree or equivalent, and a minimum of five years of direct experience either in municipal accounting or in auditing municipalities. We didn't get both of those requirements met on any of the applications, so we opened it back up."
Among those who applied for the position was a former treasurer of the city of
"The reason we're creating this position instead of filling the chief financial officer spot is that
Jackson said he agrees with Kyle that a finance supervisor is not adequate to oversee the budget, but he believes the city has struggled since the CFO spot was left vacant five years ago. The higher pay of a CFO and the broader responsibilities, he said, are critical.
"We're tiptoeing through a financial minefield right now," Jackson said. "We can't afford to pinch pennies when it comes to getting a person who knows the financial ins-and-outs of a municipal budget.
"There have been lots of problems since
Jackson said a CFO could have helped the council evaluate the planned
The deadline for applications for director of finance and accounting is
"What I was hoping for was that the council would have four or five people to choose from for interviews that had the relevant skills," Smith said. "I didn't see it (in the first set of applications) and the mayor didn't see it. That's why I made the suggestion maybe we wanted to keep it open and give more people an opportunity to see our ad."
Several of those who applied to the first advertisement had significant accounting or finance experience in the private sector.
"Someone coming out of the private sector might have a totally different skill set," Smith said. "We did not have people that showed they had the experience to step in and take that job and be able to run with it."
Smith said the city would have an urgent need to fill the position if Kyle did not have a banking background.
"Right now we've got a very capable mayor that understands finance," Smith said. "That's a plus, but we need a staffer that has that capability. That's what this person would do."
Smith said McKinney's abilities also delayed the urgency of either hiring a CFO or creating the position of director of finance and accounting.
"If we had a different mayor, the crisis may be different," Smith said.
"Certainly if I hadn't had
The goal, Kyle said, is to make sure someone with expertise in finance and accounting remains with the city from one election to the next.
"It's a move toward strength and continuity as administrations change and councils change," he said. "We want to create a situation where a person is here permanently, as a career, who will be here to continue the planning and structuring and budgeting and all the things that go on day to day."
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