City of Salisbury Finance Director Shannon C. Moore resigns

SALISBURY, N.C. (WBTV) – Shannon C. Moore has resigned as finance director with the Metropolis of Salisbury, in line with a press launch. Her final day is Friday, July 30.

As finance director, Moore was chargeable for managing the planning, organizing and directing the monetary actions of the town, which incorporates accounting, payroll, funds preparation, efficiency administration, benchmarking, debt administration, buying, billing/collections, and funding and money administration actions.

Moore served three years as mission supervisor for brand spanking new Enterprise Useful resource Planning (ERP) software program implementation, and accomplished the issuance of three debt packages in her first yr as finance director. These debt packages embody the Fibrant refinancing, the acquisition of a fireplace truck and the development of Fireplace Station 6, and most just lately the issuance of $46.5 million Water & Sewer Income Bonds within the early months of the COVID-19 pandemic –the first new challenge of income bonds for the town in over 10 years.

“I’m most happy with the various successes our finance division and the Metropolis has achieved throughout my four-year tenure as finance director,” mentioned Moore. “Successes like upgrading the town’s bonds from A3 to AA- and the refinancing of a number of debt packages that finally will save the Metropolis hundreds of thousands over time. I labored with a tremendous workforce of finance professionals who I’ll miss dearly as I transfer on to the subsequent chapter in my profession. I’m assured that they may proceed to serve the residents of Salisbury nicely.”

“Shannon is a well-respected finance skilled within the public finance trade and shall be missed not solely by the finance division, however by her co-workers all through the Metropolis,” mentioned Metropolis Supervisor W. Lane Bailey. “She was an incredible assist to me in my first few months as Salisbury Metropolis Supervisor, and led us by means of some very difficult intervals over the previous 4 years. I want her all the perfect as she transitions to the personal sector.”

Moore has been with the town for practically 12 years, most just lately serving as funds and efficiency supervisor earlier than her newest promotion. In that place, she managed the town’s $80 million annual funds, together with the overall fund, 4 main enterprise funds, three capital funds and two inside service funds. She additionally oversaw the town’s transition to a 10-year Capital Enchancment Program (CIP), leading to greater than $4.9 million of normal fund initiatives budgeted within the first yr.

She holds a bachelor’s diploma in company finance and a M.B.A. from Western Carolina College. Moore additionally holds a Municipal Administration Certificates from the UNC-Chapel Hill College of Authorities, and was a latest member of the Alliance for Innovation Academy.

Wade Furches will function interim finance director till a everlasting director is known as.

Copyright 2021 WBTV. All rights reserved.

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