DOCSLIB.ORG

Jeffrey Barnette District of Columbia

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Jeffrey Barnette District of Columbia DISTRICT OF COLUMBIA JEFFREY BARNETTE DEPUTY CFO AND TREASURER O!ce of the Chief Financial O!cer O!ce of Finance and Treasury 1101 4th Street, SW, Suite 850 Washington, DC 20024 Tel: 202-727-6288 Fax: 202-727-6963 Email: Je"[email protected] Website: www.cfo.dc.gov Selection Method: Appointed by the Chief Financial O!cer Term Length: Term Limit: Served: Since June 2012 Next Election Year: Not Applicable KEY STAFF Clarice Wood, Associate Treasurer, Banking & Operations 202-727-0760 Jeanne Hoover, Chief of Management Operations BIOGRAPHICAL SKETCH 202-727-0911 Je"rey Barnette is Deputy Chief Financial O!cer LaShanda Talbert, Executive Assistant and Treasurer for the O!ce of Finance and Treasury 202-727-0846 (OFT). He manages the District’s treasury programs associated with its annual $10 billion operating OFFICE OF FINANCE AND TREASURY budget and $1 billion capital budget. This includes management of the District’s banking and invest- Total Number of Employees: 75 ment activities, check and electronic receipts and Size of Treasury Annual Budget: $21,200,000 disbursements and its debt issuance and repayment Size of Portfolio Managed by Treasury: $2 billion activities. The treasurer manages the O!ce of Finance and Prior to being named Treasurer, Barnette was the Treasury, which includes receiving, safe-keeping, Associate Treasurer of Asset Management in OFT. investing and disbursing and acquiring District #nan- Before joining OFT, he was Managing Director of cial resources. The treasurer manages issuance and the Registered Investment Advisory Firm, Barrier repayment of general obligation and revenue bonds Investments LLC from 2005 to 2008. Prior to working and notes, investment of cash balances, accounting for Barrier, he was an investment portfolio manager for all transactions, cash reporting and forecasting, for Capital One Financial from 1998 to 2005. Addi- banking, budgeting and administration. The treasurer tionally, he worked for the Student Loan Marketing also manages the district’s college savings plan, its Association (Sallie Mae), McKenna & Cuneo LLP and 401(a) de#ned contribution pension plan and its 457(b) NADA Retirement Trust. Barnette has extensive deferred compensation plan. experience with #xed income and pension invest- ment programs. He represents the District of Columbia as a member of the National Association of State Treasurers and the Government Finance O!cers Association. He is also an ex-o!cio trustee of the DC Retirement Board. Barnette is a graduate of Radford University, with a bachelor’s degree in business administration with a concentration in #nance. 18 NATIONAL ASSOCIATION OF STATE TREASURERS ABOUT THE TREASURY ADDITIONAL ACTIVITIES Administration and Budget (6 employees): The treasurer is a member of the District of Columbia’s Provides leadership, strategic direction and admin- Retirement Board. istrative support services to department managers and employees in order to achieve organizational and individual performance results. Also responsible for budget formulation and testimony for the O!ce of Finance and Treasury. Banking (5 employees): Manages the District’s banking relationships and the electronic bene#ts program. Bond Management (5 employees): Responsible for the issuance of bonds, notes and other #nancing vehicles which maximizes capital project capacity and allows the district to #nance any seasonal cash needs while maintaining future #nancing %exibility. Cash Management & Investment (5 employees): Manages the District’s cash resources and ensures that its cash obligations are satis#ed and the District’s return on investments is maximized. College Savings and Pension Programs (3 employees): Manages the District’s college savings plan, 457 deferred compensation plan and 401a de#ned contribution pension plan. Revenue (33 employees): Responsible for revenue collection, auditing and recordation services for District agencies which allows them to have accurate and timely revenue information. Unclaimed Property (9 employees): Manages the District’s unclaimed property program. Grants (3 employees): Manages the cash and accounting aspects of District agencies’ federal grant drawdowns. Payment Operations (6 employees): Responsible for check writing and dissemination services for District agencies which allow them to ful#ll their #nancial obligations. STATE TREASURY PROFILES 19.
Load more

Recommended publications
  • Chief Financial Officer (Cfo) of the Department of Defense”
    DoD2B 7000.14-R Financial Management Regulation Volume 1, Chapter 1 * June 2010 VOLUME 1, CHAPTER 1: “CHIEF FINANCIAL OFFICER (CFO) OF THE DEPARTMENT OF DEFENSE” SUMMARY OF MAJOR CHANGES All changes are denoted by blue font. Substantive revisions are denoted by an * symbol preceding the section, paragraph, table, or figure that includes the revision. Unless otherwise noted, chapters referenced are contained in this volume. Hyperlinks are denoted by bold, italic, blue and underlined font. The previous version dated June 2008 is archived. PARAGRAPH EXPLANATION OF CHANGE/REVISION PURPOSE All Inserted and updated hyperlinks. Update 010602.D Added Business Integration Directorate responsibilities. Add Figure 1-1 Updated the DoD Chief Financial Officer Structure. Update 1-1 DoD2B 7000.14-R Financial Management Regulation Volume 1, Chapter 1 * June 2010 Table of Contents VOLUME 1, CHAPTER 1: ”CHIEF FINANCIAL OFFICER (CFO) OF THE DEPARTMENT OF DEFENSE” ............................................................................................................................... 1 0101 GENERAL ..................................................................................................................... 3 010101. Purpose ................................................................................................................. 3 010102. Overview .............................................................................................................. 3 0102 APPOINTMENT OF CHIEF FINANCIAL OFFICER OF THE DEPARTMENT OF DEFENSE ...................................................................................................................................
    [Show full text]
  • The Chief Financial Officer
    THE CHIEF FINANCIAL OFFICER Chief Financial Officer.indd 1 13/01/2014 18:21 otHER EcoNOMIST BOOKS Guide to Analysing Companies Guide to Business Modelling Guide to Business Planning Guide to Cash Management Guide to Commodities Guide to Decision Making Guide to Economic Indicators Guide to Emerging Markets Guide to the European Union Guide to Financial Management Guide to Financial Markets Guide to Hedge Funds Guide to Investment Strategy Guide to Management Ideas and Gurus Guide to Managing Growth Guide to Organisation Design Guide to Project Management Guide to Supply Chain Management Numbers Guide Style Guide Book of Business Quotations Book of Isms Book of Obituaries Brands and Branding Business Consulting Business Strategy Buying Professional Services Doing Business in China Economics Managing Talent Managing Uncertainty Marketing Marketing for Growth Megachange – the world in 2050 Modern Warfare, Intelligence and Deterrence Organisation Culture Successful Strategy Execution The World of Business Directors: an A–Z Guide Economics: an A–Z Guide Investment: an A–Z Guide Negotiation: an A–Z Guide Pocket World in Figures Chief Financial Officer.indd 2 13/01/2014 18:21 THE CHIEF FINANCIAL OFFICER What CFOs do, the influence they have, and why it matters Jason Karaian Chief Financial Officer.indd 3 13/01/2014 18:21 THE ECONOMIST IN ASSOCIATION WITH PROFILE BOOKS LTD Published by Profile Books Ltd 3a Exmouth House Pine Street London ec1r 0jh www.profilebooks.com Copyright © The Economist Newspaper Ltd, 2014 Text copyright © Jason Karaian, 2014 All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book.
    [Show full text]
  • Chief Financial Officer Opportunity Guide ABOUT the NEW ORGANIZATION
    Chief Financial Officer Opportunity Guide ABOUT THE NEW ORGANIZATION Envision Unlimited and United Cerebral Palsy Envision and UCP Seguin will be partners, or Seguin of Greater Chicago (UCP Seguin) are “affiliates,” of this new administrative entity. Within this entering into a strategic partnership that will create federation structure, each organization will retain its a stronger advocate for people with intellectual or 501(c)(3) nonprofit status and its board of directors. developmental disabilities and those with mental Each will continue to deliver the highest quality direct illness. Working together, they will be able to expand service possible while sharing a single mission, services, serve more people, and achieve greater strategic direction, brand, and back office. effectiveness. To read the full announcement, including They have three overarching goals: FAQs about the new partnership, please click here. 1. Achieve greater administrative efficiencies that will This consolidation will bring together nearly 150 years enable them to enhance their services. of combined experience, building on each other’s strengths, and filling in each other’s gaps. Serving 2. Become more innovative to provide those they more than 4,000 individuals and families, programs serve with more choice, independence, and include residential services, day supports, and opportunities to enjoy activities and be fully employment for people with I/DD and serious mental included within the larger society. illness. Additional programs include respite services 3. Leverage their larger size and efficiencies as for the I/DD population and specialized foster care for benefits to funders and policymakers. children with disabilities. The vision for the new organization is for everyone with Jointly, they will be an even greater champion to an intellectual or mental challenge to live a happy and improve the lives of those they serve.
    [Show full text]
  • ROLE of CFO (Chief Financial Officer)
    ROLE OF CFO (Chief Financial Officer) In Corporate Governance By Abdul Naeem Khan Professional I ICMAP TRADITIONAL ROLE OF CHIEF ACCOUNTANT The Chief Accountants used to perform several tasks which were preparing accounts, preparing budgets, operational reporting and interpreting, evaluating operating results, preparing income tax returns, establishing internal control procedures to safe-guard the companies assets. TRANSITION FROM CHIEF ACCOUNTANT TO CHIEF FINANCIAL OFFICER Due to increased governance requirement there arises a need to empower the chief accountant and to make him responsible by requiring him to sign the accounts. There comes the code of corporate governance, which makes the chief accountant powerful and more responsible. With the new role, Chief Accountant becomes Chief Financial Officer (CFO). Appointment and Approval Requirement The appointment, removal and remuneration terms and conditions of employment of the chief financial officer of a listed company shell be determined by the Chief Executive Officer with the approval of the Board of Directors. Qualification Requirement The qualification requirement is defined under the code of corporate governance that is the person appointed as the Chief Financial Officer must be Member of recognized body of professional accountants or A graduate from a recognized university or equivalent, having at least 5 years experience in handling financial and corporate affairs of a listed company. Attending Board Meetings. The Chief Financial Officer of a listed company is required to attend the meeting of the board of directors. IMPLICATION OF NEW RESPONSITBILITES The new responsibilities apply to all Chief Financial Officers of Listed Companies, Insurance Companies, Banks and DFIs. Mostly the CFO presents the financial position relating to the period which has been over, and the period which has to come that is the financial position attained and the financial projection i.e.
    [Show full text]
  • NAHU Board of Trustees Job Description Treasurer the By-Laws' Perspective – a Pretty Quiet Office NAHU By-Laws Spells out Th
    NAHU Board of Trustees Job Description Treasurer The By-Laws’ Perspective – A Pretty Quiet Office NAHU By-Laws spells out the tasks of the Treasurer. It reads, “The Treasurer shall submit a financial report at the Annual Meeting of the House of Delegates. The Treasurer shall oversee the preparation of the annual financial report required by ARTICLE XIV, Section 2. The Treasurer shall be responsible for other duties as they are assigned by the President, Executive Committee or Board of Trustees.” The “annual financial report required by ARTICLE XIV, Section 2” is known as “the annual audit” and it is required that “There shall be an independent audit of the association’s books every year.” The Finance Committee is not the “Treasurer’s Committee” because the By-Laws do not give that ownership to the Treasurer. The Finance & Audit Committee, as it is named in the By-Laws, was established as a Standing Committee and the President appoints chairpersons of such committees. Lastly, the of submitting “a financial report at the Annual Meeting of the House of Delegates” requires merely turning in the report without oral comment if that is the will of the meeting planners. To the degree that the By-Laws barely define the Treasurer’s job, P&Ps make up for it in over drive. The Treasurer has a most specifically described set of job tasks. P&P 95-03-EX, says in part - “The Treasurer shall be responsible to the Board of Trustees for the oversight of all expenditures. The Treasurer shall review with the appropriate Board member or committee chair, or the Executive Vice President and/or the Chief Financial Officer any departmental budget, which exceeds its approved allocation by 5% or more.
    [Show full text]
  • Credit Union Bylaws
    Contents Article I. Name and Place of Business 2 Article II. Purpose and Powers 2 Article III. Membership 2 Article IV. Meeting of Members 3 Article V. Board of Directors 3 Article VI. Officers 4 Article VII. Legal Reserve 4 ~ 1 ~ AMENDED AND SUBSTITUTED BYLAWS of CREDIT UNION Article I. NAME AND PLACE OF BUSINESS The name of this corporation shall be: and its principal place of business shall be in the City or Town of County of , and State of Iowa. Article II. PURPOSE AND POWERS The purposes of this credit union shall be to create a source of credit at a fair and reasonable rate of interest, encourage habits of thrift among its members, and provide the opportunity for its members to use and control their savings for their mutual benefit. In this regard, credit unions organized in this State shall have all the rights, powers, and privileges conferred by the law of Iowa and shall be subject to the limitation and restrictions of the laws of Iowa. Article III. MEMBERSHIP Section 3.1 Membership of this credit union shall consist of, and be limited to such natural persons and entities as approved from time to time by, and recorded at the office of, the Superintendent of Credit Unions. All such approvals are recorded on the following Page 2-A. Section 3.2 The credit union may charge an entrance fee and, from time to time, may establish and impose fines which, in the opinion of the Board of Directors, are necessary or required. Section 3.3 Money paid into or out of member accounts shall be evidenced by the credit union by an appropriate voucher, receipt, or passbook entry.
    [Show full text]
  • Mckinsey Special Collection the Role of the CFO
    McKinsey Special Collection The Role of the CFO Selected articles from the Strategy and Corporate Finance Practice The Role of the CFO articles Why CFOs need a bigger role in business transformations Ryan Davies and Douglas Huey April 2017 read the article Are today’s CFOs ready for tomorrow’s demands on finance? Survey December 2016 read the article Profiling the modern CFO A panel discussion October 2015 read the article Building a better partnership between finance and strategy Ankur Agrawal, Emma Bibbs and Jean-Hugues Monier October 2015 read the article The Role of the CFO McKinsey Special Collection 3 © Martin Barraud/Getty Images Why CFOs need a bigger role in business transformations CFO involvement can lead to better outcomes for organization-wide performance improvements. Ryan Davies and Douglas Huey When managers decide that a step change in that underlie a transformation. And they often have performance is desirable and achievable, they’ll an organization-wide credibility for measuring often undertake a business transformation. value creation. The way it usually works, though, is Such transformations are large-scale efforts that that CEOs sponsor transformations. A full-time run the full span of a company, challenging executive—often a chief transformation officer— the fundamentals of every organizational layer. assumes operational control, and individual That includes the most basic processes in business units take the lead on their own perfor- everything from R&D, purchasing, and production mance. That often leaves CFOs on the sidelines, to sales, marketing, and HR. And the effect on providing transaction support and auditing the earnings can be substantial—as much as 25 percent transformation’s results.
    [Show full text]
  • JOB DESCRIPTION: Chief Financial Officer (CFO) Reports To: Chief Executive Officer Employment Type: Full Time POSITION SUMMARY
    JOB DESCRIPTION: Chief Financial Officer (CFO) Reports To: Chief Executive Officer Employment Type: Full Time POSITION SUMMARY: Reporting to the Chief Executive Officer and as a member of the Leadership Team, the Chief Financial Officer (CFO) directs the fiscal functions and management of the Gateway Center’s $4M budget, is responsible for the financial books and records of the organization including the preparation of periodic financial statements, for the annual audit conducted in accordance with nonprofit generally accepted accounting principles, and, to the extent applicable, Government Auditing Standards, the preparation of the Form 990 report to the Internal Revenue Service and other required reporting. The CFO will also be responsible for partnering with senior management to establish standards and best practices that support the agency’s strategic growth plan, as well as managing the overall financial reporting of the agency. This includes developing budgets and timely, accurate monthly financial statements, analyzing budget variances and developing recommendations for improvements. KEY RESPONSIBILITIES ➢ Develop credibility for the business office by providing timely and accurate analysis of budgets, financial reports, financial trends, and by effectively developing solutions to business challenges in order to assist the CEO, the Board and others on the Leadership Team in leading the organization and fulfilling the mission. ➢ Oversee timely completion of monthly general ledger management and accounting close, e.g., accruals, deferred revenue, sub ledger reconciliation and other monthly closing procedures. ➢ Establish guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the CEO, Senior Leaders, and the Board of Directors ➢ Drive continual improvement of the budgeting process through education of department directors and managers on financial issues impacting department budgets.
    [Show full text]
  • Chief Financial Officer Manna, Inc. Washington, DC WE CHANGE LIVES, NEIGHBORHOODS and HISTORY
    Position Profile Chief Financial Officer Manna, Inc. Washington, DC WE CHANGE LIVES, NEIGHBORHOODS AND HISTORY. Manna is seeking an energetic and accomplished Chief Financial Officer (CFO) to work with Manna’s new President & CEO to advance Manna’s work as a strong and high performing, financially strong organization and support implementation of operational vision and strategy. BACKGROUND Manna, Inc. is a 39-year-old leading faith-based affordable housing nonprofit organization located in Washington D.C. and operating in the District of Columbia and Maryland. Since its founding in 1982, Manna has developed over 1,200 affordable units in Washington DC. Manna’s portfolio includes both affordable ownership and rental units with a growing rental housing pipeline. Manna has helped more than 1,000 families in Washington D.C. become successful homeowners. Manna is a certified member of NeighborWorks America® with an exemplary rating and is also a HUD certified housing counseling organization and Community Housing Development Organization (CHDO). Manna has multiple lines of business and program areas that are handled through several organizational affiliates: • Affordable homeownership and rental housing development. • Construction management and general contracting services through a wholly owned for- profit, Providence Construction. • Educating first-time homebuyers through Manna’s highly regarded Homebuyers Club and HUD certified housing counseling. • Serving as a vocal and effective advocate for low-income people in Washington, DC. • Providing training and education to affordable homeowner and condominium associations. • Sales and marketing of affordable homeownership housing. Manna and Providence Construction have a combined annual budget of $4 million for FY2021. Manna’s revenue comes from developer fees, philanthropic support, and government grants and contracts.
    [Show full text]
  • The Changing Role of the Chief Financial Officer
    The Changing Role of the Chief Financial Officer lobally, the role of the Chief Financial Officer data is the surest road to profitable growth. People (CFO), sometimes referred to as the Finance Skills of which 97% of CEOs said that attracting GDirector, has transformed over the past decade and retaining top talent was the path to improve due to the global financial crisis, rise of big data and the finance function. Global reach where 48% of the impact of social and digital media. the CEOs surveyed listed global experience as the most important attribute a CFO can possess. Tech Traditionally, the CFO role entailed supervising, Savvy how the Mastery of IT like cloud enabled ERP managing and engaging the work of the financial systems. controller, credit manager and insurance manager, The CEO and Board now expect the CFOs to lead the and duties including managing investments, way in areas such as strategy and guide key business analysing expenses and tracking regulatory trends. initiatives which have traditionally been aligned with All pretty challenging tasks in themselves but the other C-Suite Roles (e.g. Chief Operating Officer and expectations of the Chief Executive Officer (CEO) even the CEO). This means that the modern day CFO and indeed the Board of Directors (“Board”) of the is required to develop unique skills which would not CFOs require that the focus of the role will need to have been critical a decade ago. change. To succeed in today’s business environment and Organisations are in a state of continuous change, to thrive in tomorrows, the CFO needs to excel and the CFO needs understanding and experience in the following five areas.
    [Show full text]
  • AMENDMENT NO. 1 to the THIRD AMENDED and RESTATED BYLAWS of METROPCS COMMUNICATIONS, INC. the Following Amendment No. 1 To
    AMENDMENT NO. 1 TO THE THIRD AMENDED AND RESTATED BYLAWS of METROPCS COMMUNICATIONS, INC. The following Amendment No. 1 to the Third Amended and Restated Bylaws, is adopted by the Board of Directors of MetroPCS Communications, Inc. (the “Corporation”) as of June 27, 2007: The Third Amended and Restated Bylaws is amended by restating Article V thereof in its entirety as follows: “ARTICLE V OFFICERS 1. The officers of the Corporation shall be chosen by the Board of Directors and shall include a chief executive officer, president, chief financial officer, treasurer, and secretary and may include such additional officers as may from time to time be authorized by these Bylaws or the Board. The Board of Directors may elect from among its members a Chairman of the Board and a Vice Chairman of the Board of Directors. The Board of Directors may also choose one or more vice- presidents, a chief operating officer, and or more assistant secretaries and assistant treasurers. Any number of offices may be held by the same person, unless the Certificate of Incorporation or these Bylaws otherwise provide. 2. The Board of Directors, at its first meeting after each annual meeting of stockholders, shall choose a chief executive officer, president, chief financial officer, treasurer and secretary and may include such additional officers as may from time to time be authorized by these Bylaws or the Board of Directors. 3. The Board of Directors may appoint such other officers and agents as it shall deem necessary or appropriate who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board of Directors.
    [Show full text]
  • HAC By-Laws 2000.Wpd
    BY-LAWS OF HOUSING ASSISTANCE CORPORATION (as adopted May 16, 2000) ARTICLE I - THE CORPORATION Section 1. Name of Corporation. The name of the Corporation shall be the Housing Assistance Corporation (the “Corporation”). Section 2. Description. The Corporation is a subsidiary corporation of the New York City Housing Development Corporation and is a public benefit corporation of the State of New York, created by and having the powers and functions set forth in Section 654-b of the New York City Housing Development Corporation Act, as amended (such Section hereinafter referred to as the “Act”). Section 3. Membership. The membership of the Corporation shall consist of such Members as shall be selected and hold office as provided in the Act. Section 4. Office of Corporation. The principal office of the Corporation shall be in the offices of the New York City Housing Development Corporation, or in such other place in the City of New York as the Members may from time to time designate by resolution. Section 5. Fiscal Year. The fiscal year of the Corporation shall commence and conclude on the same dates as the fiscal year of the New York City Housing Development Corporation or upon such other dates as may be designated in a resolution adopted at a regular or special meeting of the Corporation. ARTICLE II - OFFICERS Section 1. Officers. The officers of the Corporation shall be a Chairperson, a Vice- Chairperson, a President, a Chief Financial Officer, one or more Senior Vice Presidents, a General Counsel, a Secretary and such other officers as may from time to time be appointed by the Members of the Corporation upon the recommendation of the President.
    [Show full text]