Annapolis Finance Director ‘Retiring’

| August 2, 2010 | 5 Comments

The Annapolis Mayor’s office has announced the “retirement” of Tim Elliott who is the Director of the Finance Department.

Elliott has come under fire lately for the theft of $150,000 from the vault in his office as well as constantly fluctuating deficit. After 26 years in City Hall, Elliott is moving onto the private sector.

When asked about the $150,000 theft several weeks ago, a spokesperson for the Mayor indicated that the investigation was still ongoing and that cased of fraud tend to take time.

The full content of the press release from City Hall follows:

Mayor Joshua J. Cohen announces that Timothy Elliott, the City’s Finance Director since 2002 and a 26-year veteran of City government, will retire from his post Sept. 1 to pursue a job in the private sector.

Under Mr. Elliott’s tenure, the City received its highest bond rating as well as numerous awards for financial and budgetary reporting.

Mr. Elliott was hired as Chief Accountant for the City in 1983. He was promoted to Assistant Finance Director in 1994. He took over as Acting Finance Director in January 2002 before he was appointed Finance Director in July 2002. Before his tenure with the City, Mr. Elliott worked as a Fiscal Associate in the General Accounting Division,
Comptroller of the Treasury, beginning in 1979.

Mr. Elliott serves on the Maryland Government Finance Officers Association Executive Board, the Accounting and Audit Committee of the Local Government Insurance Trust Board of Directors and the Mid-Atlantic Pension Plans Executive Board.

“I want to thank Tim for his years of service to the City,” Mayor Cohen said. “His experience has been a considerable help during these first months of my administration. Tim played a pivotal role this year in assisting the City Council and me to successfully close our City’s unprecedented budget deficit. I wish him and Diane nothing but the best
in his new career.”

Mayor Cohen has instructed City Manager Michael D. Mallinoff to immediately begin efforts to hire a successor to Mr. Elliott. As well, Mr. Mallinoff and Mr. Elliott are working to provide the City Council with updated projections on the City’s finances later this month.

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