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Krcmarik named City’s first Chief Financial Officer

Post Date:05/24/2019 11:02 AM

Contact: Tom Hacker, 962-2302

Alan Krcmarik, who has served the City of Loveland in high- level finance positions since 2005, will assume the new post of Chief Financial Officer for the City.

Krcmarik has been acting Finance Director since the departure of Brent Worthington in late 2018, in addition to serving in his role as Executive Fiscal Advisor, a position he has held since 2008. The new CFO position expands the management and leadership functions of the City’s top finance job.

As CFO, Krcmarik will oversee the work of 54 City employees in the Finance Department’s Administration, Accounting and Purchasing, Revenue, Budget and Utility Billing divisions. He will earn $160,000 annually in his new post. He was selected from among finalists for the position who were interviewed in April, concluding a national search.

“We’re excited to have the opportunity to apply Alan’s background, experience, leadership and history with the City to this new and very important position,” City Manager Steve Adams said.

A Michigan native, Krcmarik first arrived in Colorado to be a cadet and football player at the United States Air Force Academy in 1971. When injuries cut short his academy career, he returned to Michigan where he completed his undergraduate studies at Michigan State University where he earned his Bachelor’s Degree in Humanities with emphasis on economics and political science in 1975.

Krcmarik then pursued graduate studies in a masters of public administration program at the University of Wyoming focusing on home rule local government management and municipal finance. He was invited to continue graduate studies at the University of Arizona where he graduated with a Master’s Degree in Urban Planning in 1979. He was also recognized as the Outstanding Teacher in the College of Business and Public Administration in 1979.

His Colorado finance administration career began in 1979 with the Pueblo Area Council of Governments followed by a position with the U.S. Department of Health and Human Services. He returned to local government in 1982 as a senior policy analyst at the City and County of Denver, where he worked on early planning for the Denver International Airport, development of the 16th Street Mall and other major projects.

He moved to Northern Colorado in 1986 as budget director for the City of Fort Collins and was promoted to finance director later in the year.

Krcmarik’s Loveland service began in 2005 as financial manager, continuing with his appointment as executive fiscal advisor in 2008. He has overseen the City’s investment portfolio and has been involved in all of Loveland’s public finance activities during his tenure, most recently the successful $95 million bond financing for the City’s fiber-optic broadband network.

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