The City of The Colony offers an exceptional opportunity for a seasoned finance professional to join a forward-looking, fiscally sound organization at a pivotal moment of growth and innovation. With a track record of award-winning financial stewardship and a dynamic economic landscape anchored by transformative commercial developments like Grandscape, The Colony is poised for continued expansion. The next Finance Director will step into a high-impact leadership role, guiding a well-regarded department and partnering with executive leadership to shape the City’s long-range financial strategies. This is a chance to contribute to a thriving community that values transparency, service excellence, and collaborative governance—all within the vibrant North Texas region.
ABOUT THE COLONY
The City of The Colony, Texas, is a vibrant and rapidly growing community located just 30 minutes north of downtown Dallas in southern Denton County. Nestled along the scenic eastern shores of Lake Lewisville, The Colony enjoys a prime location with direct access to the Dallas North Tollway and the Sam Rayburn Tollway. Incorporated in 1977, The Colony is a family-friendly city that embraces both its historical roots and future potential. With a current population of over 45,000 residents, The Colony has a median income of $131,071 and a median home value of $551,449. The city maintains a small-town atmosphere while offering the amenities and opportunities of a major metropolitan area.
CITY GOVERNMENT
The Colony operates under a Council-Manager form of government. The seven-member City Council, including the Mayor, provides policy leadership, while the City Manager oversees daily operations. Since 2010, City Manager Troy Powell has led The Colony with a conservative fiscal approach, consistently lowering the tax rate while expanding municipal services. The City's total operating budget for fiscal year 2024-2025 is approximately $169,059,643, a 17.5% increase from the 2023-2024 operating budget. The current ad valorem tax rate is $0.635 per $100 of assessed valuation, which is a reduction from .640 per $100 of the valuation in the previous year.
THE FINANCE DEPARTMENT
The Finance Department plays a critical role in maintaining the financial health of The Colony and supporting the City’s operations. With a staff of nine and an annual operating budget of $1.7 million, the department is responsible for a wide range of financial functions including general accounting, financial reporting, annual budgeting, capital improvement planning, cash management, investment activities, accounts payable and receivable, payroll, purchasing, and debt management. The Department’s commitment to transparency, accuracy, and efficiency enables sound decision-making and long-term sustainability. In collaboration with the City Manager’s Office and other departments, the Finance Department monitors revenues and expenditures, oversees capital project planning, and enforces strong internal controls.
THE POSITION
The City of The Colony is seeking a strategic, collaborative, and technically proficient Finance Director to lead its Finance Department. Reporting to the Assistant City Manager, the Finance Director will oversee all financial operations and provide fiscal leadership aligned with the City’s goals. The Finance Director will supervise financial planning, budgeting, accounting, treasury functions, payroll, purchasing, and capital project reporting. They will be responsible for preparing and managing the City’s annual financial reports and audits, developing financial strategies and policies, and advising the City Manager and Council on fiscal matters and long-term planning.
The Finance Director will ensure compliance with Governmental Accounting Standards Board (GASB) guidelines, federal and state regulations, and internal City policies. This individual will also coordinate debt issuance and bond management activities in partnership with financial advisors and external auditors. As the department’s public face, the Finance Director will represent the City in financial matters and foster collaborative relationships with other City departments, external partners, and community stakeholders.
The ideal candidate will be an experienced and ethical government finance professional with strong leadership, communication, and analytical skills; have a background in municipal budgeting, accounting, investment strategies, and public finance administration; have extensive knowledge in financial reporting, auditing practices, and regulatory compliance; and have experience in implementing Enterprise Resource Planning (ERP) systems, proficiency in financial software, including Incode, and familiarity with Microsoft Office applications.
SALARY & BENEFITS
The salary range for the Finance Director position is $150,000 to $190,000, depending on qualifications. The City participates in the Texas Municipal Retirement System, which features a 2:1 employer match on a mandatory 7% employee contribution.
For additional benefit information, interested candidates are encouraged to review the detailed recruitment brochure at www.mosaicpublic.com/careers.
APPLICATION & SELECTION PROCESS
Apply Immediately - Will close once a strong pool of candidates is established. Interested candidates are encouraged to submit a cover letter and résumé online at:
