The city of Bryan hired a chief financial officer to strengthen the administrative direction and supervision of the city’s financial services.
Kathy Davidson will serve as Bryan’s first chief financial officer starting Nov. 19. The position was created after a period of restructuring within the city of Bryan administration.
“It is my understanding that the city of Bryan has received criticism for not being able to complete audits and financial reports in a timely matter and that some changes needed to be made,” said Davidson.
Davidson, 47, will move from Midland where she served as financial controller for Tomcat USA, an entertainment manufacturing company.
From 1977 to 1995 Davidson lived in Bryan, holding a variety of finance-related positions. She began her career in Bryan as an accountant and bookkeeper in 1977, eventually being promoted to finance officer in 1994. As finance officer she was responsible for coordinating the annual financial audit and the issuance of debt.
“I’m extremely excited about coming back to the city of Bryan,” said Davidson. “I’m eager to rejoin the team, review the city’s finances and get right to work. I lived in Bryan for almost twenty years, working in various finance and accounting positions.”
Serving as chief financial officer of Bryan, Davidson’s duties will include overseeing budget preparations, cash management, the city’s investment program, bank relations, accounting functions, purchasing, debt management and planning, financial reporting, and auditing management.
“As chief financial officer of Bryan, I will be responsible for preparing annual financial reports and budgets,” Davidson said. “I will also be making recommendations to the city council on how to handle debt and work with creditors.”
According to City Manager Hugh Walker, Davidson will make substantial contributions to the city’s financial department.
“We are all excited to have Kathy working with us,” said Walker. “Her knowledge and experience will be very beneficial.”