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Annapolis Finance Director ‘Retiring’

| August 02, 2010, 03:24 PM | 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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Comments (5)

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  1. Bill Kardash says:

    This sounds like a case of “jump”, before you are “pushed”.Let’s hope Tim doesn’t become a convenient scape-goat for the City’s financial problems. What most don’t realize is that, along with a $10MM bank loan in May, the City was to provide $4MM is “permanent cuts”. That never happened since “politics” always trumps “good management”.

  2. John Frenaye says:

    What is VERY frightening is that for years, I have been told how indispensable Tim Elliott is, and how only he knows the budget. I seem to recall an audit at one point in the Moyer admin where it was recommended to hire someone to be an assistant in case he dropped dead. Well, here we are and I am not sure if he will be able to convey 26 years of knowledge in 3 weeks to someone who is likely to be an “interim” manager.

    I think you hit the nail on the head Bill–Tim’s exodus will be very valuable–politically.

  3. Fred Shubbie©™® says:

    Though in the end it is a good thing that Cohen retired Elliott we have lost the opportunity for a public hearing to debrief Elliott and expose his incompetence. He should be thoroughly questioned in public as to what he did and failed to do that has led our fair city into a state of chaos never before experienced. His practices were archaic and inaccurate and I fear that many occurrences of wrong-doing and or negligence will be uncovered after he is gone.

    Josh, however, gives him a pat on the back and a proverbial gold watch. Zina !!!! Where are you ?

  4. Bill Kardash says:

    Tim will, undoubtedly, get much heat for financial mgnt problems. Most of it undeserved. He has been the proverbial “cat trying to cover stuff on a marble floor” as he worked to “manage” Moyer’s monkey-business. But he has been the institutional memory of the City Budget office for years and having a proper transfer of data to the new director will be a challenge. I assume the new budget consultant won’t want this job long-term, so the City will be faced with a revolving door in the very department where it can be tolerated least. Stand by for even more problems.

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