Jeff Mascagni, CPA, CGFM, was named Chief Financial Officer of Central Arkansas Water (CAW) in June 2014. In such position, he is responsible for all fiscal management, including the Accounting, Finance, Purchasing, Billing, and Customer Service sections. During the last eleven years he has overseen treasury management activities, cost of service rate studies, budgetary activities, and development of the Comprehensive Annual Financial Report (CAFR) for the utility.
Prior to joining CAW, he was an audit manager at a regional accounting firm specializing in audits of government and not-for-profit entities. While at CAW, he worked with rate consultants in the development of computerized rate models during rate studies in 2008, 2012, 2014 and 2015. These models were used to set rates from 2009 through 2019. He was responsible for modifying the utility’s annual budget document and CAFR to comply with Government Finance Officer Association (GFOA) requirements. The Issuer has received the GFOA Distinguished Budget Presentation Award eight consecutive years and the Certificate of Achievement for Excellence in Financial Reporting seven consecutive years.
Mr. Mascagni holds a Bachelor of Science in Accounting and a Master of Business Administration from Arkansas State University. He is a Certified Public Accountant and a Certified Government Financial Manager. He is a Past President of the Association of Government Accountants (AGA) Central Arkansas Chapter and has been a speaker at numerous AGA conferences and events.