posted on August 22, 2011 11:48
The Town of Huntersville’s Finance Director Janet Stoner was honored Thursday, August 18th as CFO of the Year in the Government Category by the Charlotte Business Journal at its annual CFO of the Year Awards luncheon at the Ritz-Carlton, Charlotte.
The Town’s financial highlights over the past year include the town’s bond rating being upgraded by Moody’s and Standard & Poor’s to Aaa and AAA respectively, each agency’s highest rating.
In announcing the award, The Charlotte Business Journal highlighted the town's financial strength, especially through the recent economic downturn in its recognition of Stoner. The town's conservative financial policies have allowed it to draw on its reserves for debt service and capital projects versus drastic cuts and/or raising taxes.
“Janet has been a key part of the town’s executive team for the last 10 years and has positioned the town to weather the current economic downturn,” said Town Manager Greg Ferguson.
The awards recognize financial professionals in the 16-county Charlotte region for outstanding performance at their organizations. The Journal worked with the Charlotte chapter of Financial Executives International in the nomination and judging process for the awards.
The two other finalists for the award were Leigh Anne Mulligan of the town of Oakboro and Melissa Wike of Iredell-Statesville Schools.
Local financial professionals were recognized in six categories, plus an award for turnaround achievement. The six categories included: Public Company, Large Private Company, Small Private Company, Midsized Private Company, Nonprofit Company and Government.