Finance Officer, Town of Knightdale (Open Until Filled)

Click Here to View Announcement on Knightdale Website

Click Here to Download Application (Required)

Finance Officer

Salary/Pay Rate: $58,391 – $86,936

PURPOSE OF CLASS: Under general direction of the Administrative Services Director, performs responsible professional work regarding the Town’s financial management and related operations; performs related work as required.  This position is classified as exempt under the Administrative Exemption and is not subject to the Fair Labor Standards Act overtime regulations.

ESSENTIAL FUNCTIONS:

  • Plans and organizes financial management of the Town which includes treasury management, debt service, auditing, budgeting, planning, and reporting.
    Advises the Administrative Services Director on all matters pertaining to Town finances.
  • Responsible for Town investments.
  • Participates in the development of departmental goals and objectives and records related measures as assigned.
  • Ensures Town financial records and reports comply with established and accepted municipal accounting principles and practices.
  • Provides sufficient detail to produce adequate cost, financial and statistical data for management purposes and to meet statutory requirements.
  • Validates the disbursement of all Town funds in accordance with officially established procedures.
  • Responsible for pre-audit duties for the Town.
  • Monitors budget expenditures.
  • Advises the Administrative Services Director on necessary budget amendments and budget transfers and prepares such for appropriate approval.
  • Prepares financial statements, cost reports and statements of receipts and expenditures at regular intervals.
  • Prepares long range forecasts of revenues and expenditures as required.
  • Presents financial forecast information to Town Council as instructed.
  • Ensures that all state and federal laws are complied with in administering grant funds.
  • Administers the Town’s debt service program.
  • Prepares required monthly, quarterly and annual reports pertaining to the Town’s finances.
  • Prepares the annual proposed budget.
  • Assist in the preparation, control and administration of the Town’s operating and capital improvement program budgets.
  • Compiles requests and estimates for presentation at budget committee meetings.
  • Presents proposed annual operating budget to Town Council.
  • Responsible for preparation of the annual budget document and submission to Government Finance Officers Association.
  • Assists auditors in preparing the Town’s Comprehensive Annual Financial Report.
  • Assists external auditors with annual audit.
  • Serves as Town’s Risk Manager, administering insurance policies, analyzing loss exposure and developing risk management techniques.
  • Responds to a variety of citizen inquiries and complaints as required.
  • Performs other duties as required.

EQUIPMENT OPERATED: Microsoft Office suite, calculator, copier, and other assigned equipment as required.

REPORTING RELATIONSHIP: This position reports to the Administrative Services Director.

WORKING CONDITIONS:

  • Employee is not subjected to adverse environmental conditions.
  • Must be able to physically perform the basic life operation functions of fingering, grasping, talking, hearing and repetitive motions.
  • Must be able to perform sedentary work occasionally exerting 10 pounds of force.
  • Must possess the visual acuity to prepare and analyze figures, perform accounting, transcription, operate a computer terminal and perform extensive reading.

JOB CONTEXT: This position works 40 hours per week during the seven day workweek. Weekends and overtime are sometimes necessary to fulfill job duties. The stress level of the job is low to moderate.

QUALIFICATIONS OF CLASS:
EDUCATION: Graduation from an accredited college or university with a degree in finance, accounting, business management, or related field. Certified Public Accountant preferred.
EXPERIENCE: Considerable financial management experience; local government financial experience preferred; or an equivalent combination of training and experience.

KNOWLEDGE, SKILLS AND ABILITIES:

  • Thorough knowledge of general laws, ordinances and administrative policies governing municipal financial practices and procedures.
  • Thorough knowledge of the Town’s financial program, policies, records and related practices.
  • Thorough knowledge of the principles and practices of accounting and budgeting in local governments.
  • Ability to formulate and install standard accounting methods, procedures, forms and records, including internal auditing.
  • Ability to prepare informative financial reports.
  • Excellent verbal and written communication skills.
  • Ability to establish and maintain harmonious working relationships with Town employees and governmental officials.
  • Ability to perform fiscal planning and to advise the Administrative Services Director on the formulation of fiscal policy.

The Town of Knightdale is an Equal Opportunity Employer.

Announcing NCLGBA’s 2015 Winter Conference

We look forward to seeing you at our next Winter Conference, December 9-11, 2015 in downtown Asheville at the Renaissance Asheville Hotel.

NCLGBA W2015 Banner

Hotel Accommodations

Rooms are available at a discounted group rate of $149/night (plus tax). Click Here to Reserve Your Room or call (828) 252-8211.

Keynote Speakers

Speakers will include Dr. Susanne Gaddis, Communications Doctor; Anita Brown Graham, Director of the Institute for Emerging Issues; and Michael Brown, Economist at Wells Fargo Securities. Bios and the agenda will be forthcoming.

Conference Registration

Conference registration will be $175 for NCLGBA members and will include all plenary and concurrent conference sessions, as well as breakfast and lunch on Thursday and breakfast on Friday. Additional registration fees may apply for Budget Certification exams, School of Government courses, and off-site tours.

Conference Sponsorship Opportunities

The conference offers multiple opportunities for sponsorship.  More information is available here.

 

Replay of NCLM FY2015 & FY2016 Revenue Projections Webinar

NCLGBA co-hosted a webinar with the NC League of Municipalities recently covering their FY2015 and FY2016 projections for State-Shared Revenues. The information was presented by Chris Nida, the League’s Director of Research & Policy Analysis.

Thank you to the jurisdictions who attended and participated in this webinar.

Click Here to Download a Video Recording of the Webinar

Check out the following links below for additional information and resources covered during the webinar:

Revenue Projections Memo (PDF)

Basis of Tax Distribution Memo (PDF)

Municipal Distribution Sales Tax Calculator (XLS)

Webinar Slide Presentation (PPT)

Discussion Provides Overview on Atlantic Coast Pipeline

This morning, the Rocky Mount Area Chamber of Commerce hosted a forum with its members providing an overview of the proposed Atlantic Coast Pipeline for natural gas, to be built by Virginia-based Dominion. The pipe would delivery natural gas from active drilling sites in West Virginia and Pennsylvania to gas distribution networks, power plants and other customers along the east coast, primarily in Virginia and North Carolina.

The presentation (video embed below) featured remarks by Bruce McKay, Senior Policy Advisor for Federal Affairs with Dominion, and Rich Worsinger, Energy Resources Director for the City of Rocky Mount. The Eastern North Carolina cities of Rocky Mount, Wilson and Greenville are among 8 municipalities in the state that run natural gas distribution systems for residential, business and industrial customers.

One of the points made during the presentation pertained to the tax value of the pipeline within the jurisdictions it will be run. McKay estimated the pipeline will generate $6 million in property tax revenue for North Carolina counties on an annual basis, specifically mentioning Nash County receiving approximately $750,000 per year. The pipeline will also increase gas supply for customer utilization throughout Eastern North Carolina, creating greater opportunities for economic development requiring the resource.

Click here to learn more about the proposed Atlantic Coast Pipeline.

Economic Update – March 18, 2015

What’s Up with Local Sales Tax?

Keith Lane, Senior Budget Analyst in Durham County, shared an updated report on sales tax revenues for all 100 North Carolina counties, showing significant increases for most, along with lower refunds levels.

Click to Download County Tax History Data

Keith discussed his findings, along with other observations on intergovernmental revenues, during a recent phone interview (see below).

Click Here to Download Municipal Tax History Data

Senate Tax Reform

North Carolina Senate leaders are putting together a plan to redistribute local sales tax revenues. Article 39 revenues, currently distributed on the basis of point of sale (by County) would be distributed instead on the basis of distribution of Statewide population. Initial analysis, as reported by the media, indicate 80 rural counties would see increases in local sales tax revenues, while 20 urban counties would see decreases.

Under a per-capita plan, many higher-poverty, more rural counties such as Greene, Caswell and Jones, would see their sales tax revenues more than double.

Mecklenburg County and its towns and cities would lose about $35 million, a 16 percent drop.

Wake County and its cities and towns would collectively see a drop of about $18 million, or 13 percent, according to the projections by legislative staff.

Raleigh’s share of the loss would be about $8 million, according to documents.

Keith Lane prepared a County-by-County analysis of the impact of the proposed reforms, based on what is known at present about the likely reform plan. Anyone interested in checking the current estimation to ensure validity should contact Keith directly, klane@dconc.gov.
Click Here to Download Analysis

 

Legislature Looking at Incentive Changes

Significant discussion has taken place recently about efforts by the McCrory Administration to restore the State’s Historic Preservation Tax Credit and replenish available incentive funds under the revised JobGRO Program (formerly JDIG). NC Commerce officials presented their plan for JOBGro during Tuesday’s Senate Finance Committee meeting, and were met by criticism by some Senators concerned about past distribution of incentives and likely benefits of such a program. Information on these program, and their impact on jobs, are available for download below:

JobGROW Program Overview

Economic Development Overview (NC Commerce)

Economic Incentive Analysis (Kenan Institute)

JDIG Job Performance

Speaking of Economic Development

Last week, Golden Leaf Foundation President Dan Gerlach provided an overview of their economic development purposes to the Rocky Mount Area Jaycees. You can view the slide presentation here, or watch it below (Starts at 1:39).

Wells-Fargo March Economic Outlook

Check out their latest discussion broadcast below:

Metro Rents Going Up, Raleigh-Cary 15th Highest

A report this week from the National Association of Realtors showed residential rates in Metropolitan Areas increasing 15% nationwide over the past 5 years, surpassing average income growth of 11% for the same period.

Raleigh ranked 15th highest amongst 70 metro areas studied.

While the NAR report emphasized the importance of increasing housing starts in booming areas in order to ensure housing affordability, especially for younger families, it’s important to note potential changes in housing choices influenced by the desire of the Millenial generation for central city living and avoidance of liabilities and commitments created by home ownership, despite some recent research expressing continuation of traditional housing trends.

Crude Retreating Again, Outlook Relatively Stable, Gas Prices Slightly Declining

After several weeks of recovery in crude oil and approximately 20% increases in gasoline prices from winter lows, prices are following back down for both commodities. The biggest loser is crude, with April 2015 contract down below $45/bbl.

CrudeOil 18March2015

The EIA Energy Outlook does see crude prices returning to $75/bbl by the end of the year, with gasoline price stabilizing close to the current $2.40-$2.50/gallon nation average.

EIA Outlook Mar15

Statewide averages have fallen again to around $2.30/gallon. This does not appear to be lessening the gap with our neighbors in South Carolina, which are approximately 18 to 20 cents/gallon cheaper.

GasBuddy18Mar15

NC Leading Indicators Downward Since Fall

Dr. Michael Walden’s Index of North Carolina’s Leading Economic Indicators fell 1.7% in January, the fourth of the past six months to see a decline

Feb15Walden

First-time unemployment claims picked up 12% in January, though they remain nearly 18% below their level a year ago. Building permit activity also decreased 16%, though they remain 4% compared to last January.

“The correct interpretation from these results is that the state economy will continue to expand, but the rate of expansion may soon begin to lag. While certainly not worthy of an “R” (recession) warning, it will be important to note in coming months if improvements begin to taper as the economic recovery reaches its sixth anniversary.”

Conference Scholarship Available, Applications Due May 4th

2015 NCLGBA Conference Scholarship Program

Application Deadline May 4th
Click Here to Download Application

What motivates you to be a local government budget professional?

NCLGBA events are a great opportunity to enhance professional skills and network with hundreds of your colleagues. Whatever motivates you to slog through budget requests and re-add numbers that don’t add up, twice a year we gather to share, compare notes and learn from each other. And — to welcome new budgeteers!

The NCLGBA board is excited to extend financial support, to go along with that offer of welcome, through the 2015 NCLGBA Conference Scholarship Program. First-time conference attendees — whether current Masters’ of Public Administration or Public Policy students, interns or otherwise new to our field — can apply for a scholarship to join us in education, networking and advocacy.  The scholarship provides conference registration and two nights hotel stay to attend the upcoming summer conference July 8-10, 2015 at Shell Island Resort or our winter conference in December 2015.

We ask applicants about their motivation for becoming (or studying to become) a local government budget professional and about how we, as budget professionals, can each impact the community. Please pass along the attached application to the new person in your office, the interns, or MPA/MPP students who may be interested in this scholarship opportunity. Encourage them to participate in the NCLGBA, and to consider what motivates them as they enter our field and share what motivates you.

Click Here to Download Application

Deadline:

The deadline for applications is Monday, May 4, 2015. The winner will be announced May 13.

Apply:

Please send completed applications to Heather Drennan, heather.drennan@townofcary.org. Any

Who is Eligible:

First-time conference attendees, including interns, current students or others new to the field.

Economic Update – February 16, 2015

EDITOR’S NOTE: We were asked not to post the Federal Reserve presentation during the Winter NCLGBA Conference due to a media blackout in advance of presentations made after the first of the year. This update includes more recent outlook reports and analysis from multiple parties, including the Richmond Fed.

Richmond Fed President Discusses 2015 Outlook

Richmond Fed President Jeffrey Lacker presented his 2015 Economic Outlook during a speech in Richmond on January 9th. Dr. Lacker expressed optimism for continued growth in the national economy in the coming year. Here are the highlights of his remarks:

  • While GDP growth in 2015 may revert to its post-recession average of around 2 ¼ percent, there are reasons to believe that growth could rise to between 2 ½ and 3 percent this year.
  • We have seen pickups at other times during this expansion, only to see them subside, but the recent strength in consumer spending and the decline in the saving rate suggest the current higher growth rate can be sustained. Many labor market indicators also have strengthened.
  • The economy still faces some challenges, however, including sluggishness in the housing market, potentially weaker exports and declines in government spending.
  • Inflation is currently below the FOMC’s target of 2 percent but is likely to move closer to 2 percent after energy price movements subside.
  • The FOMC has no pre-set timetable for raising the federal funds rate target. Policymakers should strive to look through transitory phenomena to assess the appropriate path for interest rates.

For more, watch the video of his comments, watch the video below:

We cam also now make Dr. Kaglic’s presentation from the Winter Conference available again. Please click here to download.

How’s North Carolina Faring

Last week, Wells Fargo released their periodic outlook on the North Carolina economy. Overall, things are looking good. Here are some highlights from the report:

  • 2014 nonfarm payroll grew 2.8% statewide (+114,000), ahead of the national rate (+2.3%); trend consistent including and excluding 2 largest metros (Raleigh & Charlotte)
  • Job growth across all sectors, except for the public sector (third-largest)
  • Professional & business services increased 7.7% outside Raleigh & Charlotte metros, +9.7% is professional & technical subset
  • North Carolina now 9th most populated state, surpassing Michigan (1% in 2014)
  • Manufacturing growth broad-based, most significantly with skilled labor (shortages)
  • 12.4% growth in exports, continue multi-year trend
  • Some slowing in housing market, moderation in sales and price appreciation
  • Statewide home prices still down 4.8% from prerecession highs (national is 13.4%); 7.4% of homeowners underwater on mortgages (10.3% national)
  • Multi-family construction significantly outpacing single-family construction (remain flat), apartment vacancy rates starting to tick up
  • Wage growth at 3.7%, slightly below national (+3.9%) and at or below most border states (only Virginia is less +3.0%)
  • Anticipate another solid year of growth in 2015, continued growth focused in higher-skilled metros, more distribution to the rest of the state
  • State & local government employment could rebound; service sectors will grow in support
  • Year-to-year economic activity up 4.5% in November, consecutive growth since start on 2010, above pre-recession level

Click Here for Wells Fargo’s latest NC Outlook

For metro area analysis, please download one of the following chart sets:

Asheville

Burlington

Charlotte

Durham-Chapel Hill

Fayetteville

Greensboro-High Point

Greenville

Hickory

Jacksonville

Raleigh

Rocky Mount

Wilmington

Winston-Salem

State of North Carolina

The North Carolina Index of Leading Economic Indicators, published by NC State’s Michael Walden, finished the year with a 1% decline in December, primarily driven by sluggish wage activity. For the year, the state saw growth in construction permits issued and hours worked, along with a sharp decline with unemployment claims. While Dr. Walden does not believe the economic conditions indicate upcoming deceleration, lack of earnings growth may continue to pose a problem with limiting the rate of growth.

Click Here for Dr. Walden’s January 2015 Index

State Revenue Outlook

January’s revenue report from the General Assembly’s Fiscal Research Division shows current FY 2015 revenues approximately $200 million below budgeted target (-2%). Sales tax (+6.2%) growth and above-target corporate income tax revenue (+$57 million) are helping offset but have not completely made up for loss of personal income tax revenue (-11.3% compared to last year, 2.7% below target). These trends reflect the impact of personal and corporate income tax rate reductions and personal income tax restructuring.

For fiscal year 2015, Fiscal Research predicts continued economic growth, including:

  • 3.2% GDP Growth
  • 3.8% growth in total personal income, 2.6% growth in wages
  • 6.1% growth in retail sales

Last week’s memo from Fiscal Research on revenue projections forceasts total State tax revenues growing $586.4 million (+2.9%) for FY 2015. However, the forecast would still fall 1.3% below budget ($271 million), primarily due to lower-than-projected wage growth. FY 2016 revenue growth is projected at 3.2% ($680 million).

Southern States Outlook

Wells Fargo Economic also took a look at the Southern Region, which also shows widespread economic growth and a positive outlook for the coming year. Here are some highlights:

  • Most state close to or above 3.9% national wage growth level
  • 3.6% GDP growth in 2014; 4.0% projected in 2015
  • Oil price decline will have some impact, but stronger diversification will lessen impact and retain potential for growth
  • Technology continues to be a strong growth sector
  • Increasing urbanization led by inward migration of younger households (job opportunities, lifestyle, etc.)
  • New industries, led by aerospace and automobiles, rebuilding manufacturing sector
  • Traditional industries also seeing improvement (including furniture and textiles); business deals in sector back to pre-recession levels for region

Click Here to View the Southern States Outlook

Small Business Outlook

The latest Small Business Optimism Index did fall unexpectedly by 2.7%, a likely indication of early-year uncertainty and continued worry over healthcare and benefit costs. At the same time, 15% of firms indicated plans to hire in the first quarter of 2015, and 25% reported higher compensation to start the new year.

Oil & Gas Price Review

Crude oil prices have rebounded back to above $50/bbl, likely an indication of the impact of reduced supply by some producers, especially the United States. Gasoline prices have also rebounded back to over $2.15/gallon for unleaded in most North Carolina markets. These prices are at least $0.10/gallon more than neighboring states, with South Carolina prices still close to $2.00/gallon or less.

 

 

 

Nominations for Jack Vogt Award Due November 14th

Click Here for More Information

From NCLGBA President Lesley Reder:

Jack_VogtI encourage nominations for the 2014 A. John “Jack” Vogt Award for Outstanding Commitment to the Advancement of Local Government Budgeting and Evaluation.  This is the highest, annual award presented by the North Carolina Local Government Budget Association (NCLGBA) to recognize individuals who have been innovators and leaders in advancing budget and/or evaluation practices in North Carolina local government.  In 2006, Dr. Jack Vogt became the first recipient of the award to honor his thirty-four year legacy as an innovator, teacher, mentor, and consummate student of local government budgeting and evaluation.

Nominees must have ten years of local government service in North Carolina.  “Government service” is defined broadly as any profession that works in or with municipal, county, or other local government jurisdictions.  Examples include budget/finance professionals, city/county managers, elected officials, academics, and local government financial consultants.

Nominations should be submitted on via NCLGBA’s website: Jack Vogt Award  by November 14, 2014.  A committee from the NCLGBA will review the submissions and present the award at the Winter 2014 Budget Conference held in Pinehurst, from December 10-12.  If you have any questions about the nomination form or process, please feel free to contact me at rederl@concordnc.gov or (704) 920-5263.

North Carolina has a strong, national reputation as a leader in local government budgeting and evaluation.  I hope you will take this opportunity to recognize those who’ve earned us this reputation and charted new paths for all of us to emulate.

Special Speakers, Strong Topics lead Winter 2014 Conference, December 10th-12th at Pinehurst

Click Here for Registration & Hotel Reservation Information

W14NCLGBA

The upcoming Winter 2014 NCLGBA Conference, December 10th through 12th at Pinehurst Resort, will feature a strong collection of presentations and workshops on a variety of important topics, including three sessions led by noted state, regional and national leaders.

Click Here to learn more…