Division: Finance

Director: Karen Fantoni

Departments: Accounting, Customer Service & Billing, and Purchasing

ALCOSAN’s fiscal health is managed by the Finance division. The mission of the division is to implement and maintain sound fiscal policies, excellent customer service and to safeguard Authority assets including capital assets, investments, pension assets, insurance programs, payroll and grant funds. Over the last several years, ALCOSAN has taken significant measures to maintain and improve both the financial condition and operational efficiency of the Authority while maintaining competitive user rates.

Financial Statements and Annual Reports

Community Impact

The Finance Division includes the business aspects of the Authority. Finance is responsible for establishing a responsible and achievable budget; for billing the various customer municipalities or individuals for their wastewater charges as established by the current rate resolution; for purchasing the goods and services that are needed to provide the services to convey and treat the wastewater that is sent to the plant; and, to ultimately pay both the vendors and employees that are responsible for providing these critical services.

Safeguarding the Authority’s assets is also under the Finance Division’s prevue. The Finance Division works closely with external auditors, actuaries and investment advisors among others to ensure the Authority’s assets are supported, valued properly and protected.

Recent Accomplishments

• 2022 Financial statements and the independent audit report
• 2022 Bond issuance
• Rating agencies upgraded the Authority’s credit ratings: S&P Global Ratings upgraded the Authority to AA- in 2022 and Moody’s upgraded the Authority to Aa3 in 2020 based on excellent financial health.
• 2022 annual report including the 2023 operating and capital budgets
• Increased funding to the Clean Water Assistance Fund. This fund was initiated by and continues to be managed by the Finance Division.
• Completed implementation of the new ERP system in March 2023: JD Edwards Enterprise One
• 5-year rate resolution for years 2022-2026.

Quick Links