For President-Elect 2021-2022

Terri Velasquez, Director of Finance, City of Aurora, Colorado

Photo of Terri Velasquez

GFOA Activities

  • GFOA member for twenty-two years
  • GFOA Women’s Public Finance Network (WPFN) member
  • Served on GFOA’s Committee on Retirement and Benefits Administration (2008 to 2013)
  • Served on GFOA’s Executive Board Nominating Committee (2015 to 2017)
  • Served on GFOA’s Executive Board (2018 to 2021)
  • Served on GFOA’s Scholarship Committee (2018 to 2021)
  • Served on GFOA’s Budget Committee (2018 to 2021) as ex-officio member
  • Served on WPFN’s Communications Committee and prepared an article regarding volunteering for the WPFN Newsletter
  • The City of Aurora participates in both the GFOA Certificate of Achievement for Excellence in Financial Reporting program and the GFOA Distinguished Budget Presentation Award program and  has received awards in both programs for over twenty years

Contributions to the Profession/Jurisdiction

  • Served as finance director in the second and third largest cities in Colorado
  • Responsible for the leadership and oversight of Finance operations including annual budget of approximately $920 million, accounting, accounts payable, accounts receivable, cash receipting, payroll,  grants administration, investing approximately $715 million of city funds, debt management of approximately $880 million, purchasing and contract services, tax collection and auditing, licensing of businesses including liquor licensing, and marijuana licensing and enforcement
  • Received Aaa/AA+ rating in 2020 for the city’s underlying rating, in 2021 received AAA/AA+ for the city’s wastewater fund, received AA+/AA+ for the city’s water fund
  • Oversee the monthly, quarterly and annual financial reporting, and annual budget process
  • Leads and manages a staff of seventy-two employees and department budget of $8.3 million
  • Member of the American Institute of Certified Public Accountants, Colorado GFOA, Colorado Society of CPAs, and International City/County Managers Association
  • Served on boards and committees including the Colorado Public Pension Coalition Board (Board Member), ICMA-RC Public Employee Memorial Scholarship Fund (Assistant Treasurer), ICMA-RC VantageTrust Company Board (Former Director and Board Chair), Colorado Technical University – Accounting Advisory Board (Former Member), and the Girl Scouts of America – Colorado Springs Finance Committee (Former Member)
  • CPA, CPFO certifications

Goals for GFOA

Listen to, support, and respond to the GFOA membership through:

  • GFOA legislation advocacy
  • Best practice reviews and updates
  • Support of ongoing virtual and in-person education and training opportunities
  • Support of diversity, inclusion, and partnership opportunities


University of Colorado, Master of Business Administration — Finance
University of Colorado, Bachelor of Science in Business Administration — Accounting