Chief Financial Officer

Davenport Community Schools Administrative Service Center - ASC - Davenport, Iowa Open in Google Maps

The Chief Financial Officer (CFO) serves as the primary executive overseeing all financial, business, and operational fiscal functions for the school district. This role ensures long-term financial stability, regulatory compliance, and fiscal transparency while directly supporting the district's educational goals. The CFO acts as a key financial advisor to the Superintendent and Board of Education and ensures full compliance with Iowa school finance laws and reporting requirements.

Expected Salary:$186,000

• Lead the multi-year financial forecasting and annual budget development process in collaboration with the Superintendent and executive leadership team.
• Oversee the execution of the district's Certified Budget, budget amendments, Aid & Levy calculations, and unspent spending authority management.
• Provide financial modeling and cost-benefit analysis for collective bargaining, compensation matrixes, capital projects, and district initiatives.
• Advise the Superintendent and Board of Directors on state funding dynamics, legislative changes, enrollment trends, and property valuation impacts.

• Maintain fund accounting systems across all district funds (General, Management, SAVE, PPEL, Activity, Capital Projects, Debt Service) following GAAP and Iowa Uniform Financial Accounting Standards.
• Ensure accurate, timely submission of state and federal reports, including the Certified Annual Report (CAR), Special Education Supplement (SES), and Annual Transportation Report via the Iowa Education Portal.
• Oversee external annual financial audits, internal controls, and general ledger maintenance.
• Prepare and present monthly financial statements, fund balances, and expenditure reports to the Board of Education.

• Direct cash flow management, banking relationships, local deposits, and short-/long-term investments compliant with Iowa code.
• Oversee debt administration, including bond issues, principal and interest payments, and regulatory debt compliance.
• Supervise the administration of accounts payable, accounts receivable, student activity accounts, purchasing card programs, and district fee structures.
• Manage risk management strategies, liability, property/casualty, worker's compensation coverages, and benefit plans (e.g., medical, dental, 403b/457).

• Supervise, mentor, and evaluate finance department staff (accounting, payroll, and purchasing).
• Perform duties and responsibilities associated with the Treasurer to the Board of Education as directed by Iowa law.
• Provide training and guidance to principals and department leaders on spending management and financial procedures.

• License / Certification (Required): Possess or be eligible to immediately obtain the Iowa School Business Official (SBO) Authorization issued by the Iowa Board of Educational Examiners (BOEE).
• Education: Bachelor's degree in Accounting, Finance, Business Administration, or related field with significant accounting coursework required. Master's degree (MBA, M.Ed.) or CPA preferred.
• Experience:
  • Minimum of 35 years of progressive financial management experience, preferably in K12 public education or governmental accounting.
  • Demonstrated experience in state reporting systems, fund accounting software, and financial forecasting tools.

• In-depth understanding of Iowa school finance (unspent spending authority, maximum authorized budget, Secure an Advanced Vision for Education / SAVE,…