The Position Under the general direction of the Director of Public Utilities plans, coordinates, and directs the functions, staff and activities associated with Public Utilities finances. The work requires the development and administration of financial activities for the Department of Public Utilities including: financial forecasting, accounting, evaluation of retail and wholesale utility rates, budget preparation, development of long term funding plans for capital improvements, cash flow management, and supervision of utility accounting and finance staff. The work also requires the administration of contracts for utility service on a retail and wholesale basis. The employee is responsible for inventory control of the utility's equipment and parts warehouse. The work is characterized by a high degree of judgment, discretion, and initiative.
Manage the finances and fiscal systems of the Department of Public Utilities to ensure that it attains and maintains current and future financial stability. Determine financial priorities and recommend, establish, and implement policies and procedures as directed by Director.
Perform all financial activities in accordance with Generally Accepted Accounting Principles . Conducts rate analysis to evaluate scenarios that may affect the revenues and expenditures of the utility.
On an annual basis, review wastewater wholesale rates and recommend necessary adjustments to the rate based on reconciliation of all pertinent costs.Prepare an annual report for issuance to the wholesale customers depicting capital and operational costs and any necessary rate adjustments.
Supervise the gathering of data and preparation of the annual and capital operating budgets and financial reports. Assist in the presentation of annual budgets to the City Commission.Coordinate annual audit with outside audit firm.
Forecast the financial impact of changes in service area, analyze appropriate relevant revenues and expenditures and determine need.
Analyze long-term needs and determine funding availability. Structure the amount and term of debt through appropriate method instruments and to meet State and Federal standards relative to the maintenance of tax-free status, bond rating, and avoidance of arbitrage.
Responsible for the supervision of utility warehouse staff and control of department's parts and equipment inventory.
Provide training and development to supervised employees to improve job performance, career enhancement, and/or opportunities for promotion. Perform discipline, evaluation, grievance handling, work assignment, and other related supervisory functions for subordinate employees and supervisors.
Supervision of other divisions as directed by the Director.
Effectively and positively represents the City in delivering and performing work with colleagues and clients, irrespective of gender, race, religion, age, disability, political affiliation or belief, or sexual orientation.
Establish and maintain effective and professional relationships with work colleagues, supervisors and managers.
Performs related work as required for this position description only.
The Requirements REQUIRED
Bachelor's degree in finance, accounting or a closely related area from an accredited college or university with a degree in finance, accounting or a closely related area; supplemented by ten (10) years of progressively responsible experience in utility finances including at least five (5) years in a supervisory or administrative capacity. At least one year of experience must have involved such activities as: budget preparation, forecasting revenues and expenditures, rate case preparation and presentation, and responsibility for managing debt obligations.
- Certified Public Accountant preferred.
- Additional education and experience or an equivalent combination of training and experience may be substituted for the above requirements.
- KNOWLEDGE, SKILLS, ABILITIES
- Thorough knowledge of professional accounting and public finance principles and practices.
- Knowledge of municipal utility fiscal practices.
- Knowledge of and the ability to satisfy the accounting/financial requirements of Generally Accepted Accounting Principles.
- Knowledge of the practices and principles relating to the supervision of staff.
- Skill in preparing and presenting operating and capital budgets.
- Skill in communicating effectively, both orally and in writing.
- Ability to manage the finances of a regional wastewater utility.
- Ability to forecast the fiscal impact of changes in service areas.
- Ability to analyze long-term capital needs and recommend appropriate fiscal investment instruments.
- Ability to establish and manage a fiscal system and cash management procedures for the utility.
- Ability to supervise and direct the activities of professional, technical and clerical employees working in diverse areas.
- Ability to establish and maintain effective working and public relationships.
- Ability to use a personal computer and implement specialized computer programs.
- Ability to develop effective policies and procedures and oversee implementation.
- Ability to establish and maintain effective and professional relationships with work colleagues, supervisors, managers and the public.