Jacob Sumner Email & Phone Number

Serves as Department’s liaison to the Clerk of the Board of Supervisors, the County’s Constitutional Officers (e.g. Commonwealth Attorney, the Circuit Court Clerk, the County Sheriff, and the General Registrar) and its fiscal agent partners. Serves as a County representative on boards, commissions and committees as directed by Chief Financial Officer or the County Executive. Assists with the development and presentation, where appropriate, to the Board of Supervisors, and other groups as… Show more Serves as Department’s liaison to the Clerk of the Board of Supervisors, the County’s Constitutional Officers (e.g. Commonwealth Attorney, the Circuit Court Clerk, the County Sheriff, and the General Registrar) and its fiscal agent partners. Serves as a County representative on boards, commissions and committees as directed by Chief Financial Officer or the County Executive. Assists with the development and presentation, where appropriate, to the Board of Supervisors, and other groups as necessary. Leads the development of policy, agreement, and memorandums of agreements (including legislative-related items) in coordination with the Attorney’s Office and County Clerk’s Office. Responsible for managing and implementing federal programs and provision of funding to outside agencies. Responsible for proffer coordination with the Department of Community Development and Economic Development performance agreement coordination with the Economic Development Office. Serves on the Board of Supervisors’ agenda development team, coordinate the Department’s Board of Supervisors’ agenda items and ensures the Finance and Budget Department achieves its Board-related responsibilities. Facilitates Board of Supervisors work sessions in discussing and resolving financial/budgetary policy issues. Serves on organizational coordinating and planning meetings or in the CFO's place, as needed. Leads the outside agency contribution process and relationship building with nonprofit agencies. Show less

Hanover, Va

Manage the Finance and Management Services budget development, budget control, staffing, staff development, employee relations and other human resources management activities. Establish appropriate controls, systems and review to ensure compliance with financial policies and procedures. Oversee County and Schools accounting functions of payroll, accounts payable, general ledger and financial reporting, including financial statements. Oversee formulation of operating and capital budget… Show more Manage the Finance and Management Services budget development, budget control, staffing, staff development, employee relations and other human resources management activities. Establish appropriate controls, systems and review to ensure compliance with financial policies and procedures. Oversee County and Schools accounting functions of payroll, accounts payable, general ledger and financial reporting, including financial statements. Oversee formulation of operating and capital budget, including proposed and adopted budget documents. Oversee the procurement of all goods and services for general government and schools to comply with statutory requirements and competitive procurement. Monitor, evaluate and reconcile County revenue sources, including development and maintenance of revenue assumptions, legal constraints and related methodologies. Manage debt strategies and performs needs assessments to develop long-term financial and capital plans. Analyze the financial impact of the County's long-term comprehensive development plans. Assist with the preparation of ordinances and resolutions related to fiscal and administrative functions of County government, including revenue rate changes. Provide Board agenda item review and concurrence for financial topics presented to the Board of Supervisors. Support the Board of Supervisors Finance Committee, the Other Post-Employment Benefits (OPEB) Trust Board and the Deferred Compensation Committee. Provide fiscal/administrative guidance regarding compensation/benefits, including oversight of health insurance rate models. Provide financial leadership by providing administrative guidance to all departments. Show less

Hanover, Va

Develop and maintain financial policies. Formulate long-term capital and financial plans. Oversee the County's financial records and internal controls, financial operations (accounts payable, payroll) and preparation of the Comprehensive Annual Financial Report, and other financial reports. Coordinate financial management solutions with County departments. Prepare presentations for bond ratings, financial documents, procedures, budget, and economic trends. Advise the County Administrator… Show more Develop and maintain financial policies. Formulate long-term capital and financial plans. Oversee the County's financial records and internal controls, financial operations (accounts payable, payroll) and preparation of the Comprehensive Annual Financial Report, and other financial reports. Coordinate financial management solutions with County departments. Prepare presentations for bond ratings, financial documents, procedures, budget, and economic trends. Advise the County Administrator, member of the Board of Supervisors, Count departments and department staff regarding accounting and financial matters. Supervise staff of eleven. Show less

Prepare monthly financial statements and quarterly/annual tax returns for multi-million dollar dairy enterprise. Core responsibilities include cost control and monitoring, financial planning, cost benefit analyses, payroll processing, vendor and lender relations, succession planning, and cash management. Built accounting template from ground-up including financial statements, general ledger, and chart of accounts.

Charlottesville, Virginia Area

As the County of Albemarle's Chief of Financial Management, I am responsible for oversight of the County's financial operations in compliance with state and federal laws and in accordance with GAAP and GASB. I plan, organize and direct the financial activities of the County; oversee accounting, payroll, purchasing, financial reporting, treasury management, as well as fixed assets systems. Serve as liaison with County's external auditors and State Auditor of Public Accounts; prepare the… Show more As the County of Albemarle's Chief of Financial Management, I am responsible for oversight of the County's financial operations in compliance with state and federal laws and in accordance with GAAP and GASB. I plan, organize and direct the financial activities of the County; oversee accounting, payroll, purchasing, financial reporting, treasury management, as well as fixed assets systems. Serve as liaison with County's external auditors and State Auditor of Public Accounts; prepare the Comprehensive Annual Financial Report. Show less

Norfolk, Virginia Area

Managed the compilation of the Comprehensive Annual Financial Report including over $2.2B in assets and $1.5B in liabilities. Oversaw work paper preparation and external audit engagement including A-133 compliance. Submitted annual Comparative Cost Report to the Auditor of Public Accounts and annual application for the Certificate of Achievement for Excellence in Financial Reporting with the Government Finance Officers Association. Monitored internal control policies and procedures. Ensured… Show more Managed the compilation of the Comprehensive Annual Financial Report including over $2.2B in assets and $1.5B in liabilities. Oversaw work paper preparation and external audit engagement including A-133 compliance. Submitted annual Comparative Cost Report to the Auditor of Public Accounts and annual application for the Certificate of Achievement for Excellence in Financial Reporting with the Government Finance Officers Association. Monitored internal control policies and procedures. Ensured compliance with new GASB pronouncements. Led financial reporting team and served as technical liaison to accounting and finance staff throughout the City. Guided City through financial system upgrade and dissolution of an internal service fund. Show less

Norfolk, Va

Responsible for financial forecasting by projecting future revenues, operational expenses and capital improvement projects; reviewed forecasts and models with municipal leadership. Drafted departmental financial memos and presentations to the City Manager and City Council. Coordinated feasibility studies for municipal bond financing of capital improvement projects. Contract expert for wholesale customers, which generate $40M in annual revenue. Guided purchasing and contract/master… Show more Responsible for financial forecasting by projecting future revenues, operational expenses and capital improvement projects; reviewed forecasts and models with municipal leadership. Drafted departmental financial memos and presentations to the City Manager and City Council. Coordinated feasibility studies for municipal bond financing of capital improvement projects. Contract expert for wholesale customers, which generate $40M in annual revenue. Guided purchasing and contract/master agreement implementation. Led strategic planning to accomplish maximum operational efficiency, improved performance, workflow solutions, cost control, and profitability. Show less

Norfolk, Va

Managed the division by overseeing the development and execution of the operating and capital improvement budgets, compiling the CAFR, applying for low-interest loans and grants, and formulating and implementing emergency preparedness measures/responses. Ensured adherence to policies, procedures, accounting directorate, bond covenant guidelines, procurement guidelines and multiple revenue and expense contracts. Served as divisional liaison for internal and external audits. • Initiated… Show more Managed the division by overseeing the development and execution of the operating and capital improvement budgets, compiling the CAFR, applying for low-interest loans and grants, and formulating and implementing emergency preparedness measures/responses. Ensured adherence to policies, procedures, accounting directorate, bond covenant guidelines, procurement guidelines and multiple revenue and expense contracts. Served as divisional liaison for internal and external audits. • Initiated $181M revenue bond refunding deal resulting in $52.5M savings.• Aided in development and execution of $110M operating and $35.8M capital improvement annual budget.• Secured $48.45M of 0% interest loans through the Commonwealth of Virginia’s Department of Environmental Quality for funding capital improvement projects; includes $1.35M of principal loan forgiveness.• Assisted in issuing $47.4M of Water Revenue Bonds for funding capital improvement projects.• Reevaluated a wholesale customer’s cost of service contract and uncovered $5.2M due from prior years. • Corrected accounting functions of billing software resulting in $1.6M restatement of revenue. Show less

Norfolk, Virginia Area

Directed accounts payable department for three companies within the organization. Rebuilt company credit through accurate, prompt payments and constructive relationships with vendors. Utilized multi-line purchase orders for multi-million dollar parts department. Generated monthly expense report for CFO and President. Negotiated contracts for supplies, leases, maintenance and utilities resulting in 20% reduction in expenses. Aided Parts Department in reconciliation of $2.25 million… Show more Directed accounts payable department for three companies within the organization. Rebuilt company credit through accurate, prompt payments and constructive relationships with vendors. Utilized multi-line purchase orders for multi-million dollar parts department. Generated monthly expense report for CFO and President. Negotiated contracts for supplies, leases, maintenance and utilities resulting in 20% reduction in expenses. Aided Parts Department in reconciliation of $2.25 million inventory. Trained employees for enhanced responsibilities during staffing reconfigurations. Awarded Employee of the Year in 2007. Show less

Master Of Science, Accounting (Msa)

Mba, Business Administration

Baccalaureate, Religious Studies

Activities and Societies: National Scholar Honor’s Society (2005) National Dean’s List (2004-2005)