Stephen Schaus

 
City Treasurer
Title: City Treasurer
Phone: (405) 341-4019
(405) 341-4063 (fax)


Stephen SchausDirectly responsible for the investment and management of approximately $135,000 in the city funds and indirectly responsible for an additional $41,000,000 held in the city pension fund.

First Elected: October 1991

City of Edmond Accomplishments
  • Developed and implemented investment policies for the general fund, Public Works Authority and pension fund.
  • Improved the reporting and tracking of the investments by converting from a manual accounting system to a computerized accounting system.
  • Implemented one of Oklahoma's first credit card acceptance programs for the payment of city services by citizens.
  • Implemented one of Oklahoma's first purchasing card systems, streamlining the purchasing process and allowing city employees to work more efficiently.
  • Led the Edmond Pension Board in the selection of a professional consultant and professional money managers to help ensure the financial health of the city's pension plan.
  • Led the Edmond Pension Board in the outsourcing of certain pension functions to a local Oklahoma bank, increasing fund security as well as improving retiree services.
  • Led the city's Utility Accounting department in selecting a local Oklahoma bank to provide lockbox services to process all customer utility payments, which resulted in a cost savings and improved efficiency.
  • Led the city's Finance and Audit Committee in selecting a new 457 Deferred Compensation Plan Provider, saving participating City of Edmond employees more than $135,000 in estimated fees over a five year period.
Education
  • B.B.A. Accounting, Eastern New Mexico University, Cum Laude, 1980
Previous Positions
  • Past Chairman of the Edmond Parks and Recreation Advisory Board
Professional Certifications
  • Certified Public Accountant
Professional Organizations
  • American Institute of Certified Public Accountants
  • Oklahoma Society of Certified Public Accountants
  • Government Finance Officers Association
  • Oklahoma Municipal League Member
Civic Involvement and Leadership
  • Edmond Area Chamber of Commerce Member
  • Lyric Theatre of Oklahoma, Board Member and Past Treasurer
  • Thelma Gaylord Lyric Theatre Endowment Fund, Board of Directors
  • Chairman of the City of Edmond Finance Committee
  • Edmond Employee Pension Plan Investment Committee, Chairman
  • Edmond Employee Pension and Retirement Board
  • City of Edmond Capital Improvement Financing Subcommittee, Chairman
  • OU Medical Center Edmond Board of Trustees, Vice Chairman
  • BOK Financial Board of Directors, Advisory Member (BOK Financial is a multi-state bank holding company that includes Bank of Oklahoma)
  • Bank of Oklahoma Business Banking Group Advisory Board OKC, Chairman
  • Bank of Oklahoma, OKC Advisory Board of Directors
 

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