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Archive for May, 2013

CMFA Seeks Executive Director

May 16, 2013


 Job Title: 

Executive Director

 Position Type: 



$40,000 – $75,000/Ann. DOQ

 Job Code: 


 Posted On: 

11 May 2013


Open until position filled


California Municipal Finance Authority

 Job Category: 

Some Other Job Category


Anaheim, CA 

 Job Web Site:

 Job Description


The California Municipal Finance Authority (“CMFA”) assists local governments, non-profit organizations and private enterprises with the issuance of taxable and tax-exempt financing aimed at improving the communities within the State of California.
The CMFA was created on January 1, 2004 pursuant to a joint exercise of powers agreement to promote economic, cultural and community development, through the financing of economic development and charitable activities throughout California. To date, over 175 municipalities have become members of CMFA.
The CMFA’s approach of donating its revenues from operations to municipalities and 501(c)(3) non-profit organizations is unlike any other issuing authority in the state. Since 2004, the CMFA has donated over $4.5 million to more than 330 locally based non-profit organizations.
The Executive Director is appointed by and directly accountable to the CMFA Board of Directors. This is a part-time position. The Executive Director’s duties will include (among other responsibilities) reviewing and approving meeting agendas before posting; reviewing and approving all proposed financings for compliance with the CMFA joint exercise of powers agreement, guidelines and policies; reviewing and determining that all required local and state approvals have been secured; reviewing and recommending modifications as necessary to CMFA guidelines, policies and fee schedules; conferring with CMFA Counsel on any issues before the CMFA Board that require legal review; providing recommendations to the Board on every agenda item; reviewing the Financial Advisory Services contract annually; and carrying out such other duties as requested by the Board.
Candidates for this position should be able to skillfully carry out the duties listed above. The selected candidate should have considerable finance, leadership and taxable and tax-exempt financing experience. The ideal candidate should have a Bachelor’s Degree in finance or accounting, public or business administration, or closely related field. A Master’s Degree and/or CPA are preferred. Salary range for this part-time position is $40k-$75k annually commensurate with qualifications. Interested individuals should submit a letter of interest and resume (electronically preferred) to the Job Contact listed below.
The position will remain open until filled. Materials received by May 24, 2013 will have first consideration.
The California Municipal Finance Authority is an Equal Opportunity Employer.


 Job Contact

 Contact Name: 

Ron Lee

 Primary Phone: 

415-391-5780 x240






California Municipal Finance Authority



Anaheim, CA

 Contact Web Site:

Biola University Partners with the CMFA on Campus Expansion

May 6, 2013

In response to their continued enrollment growth, Biola University will construct a new residence hall and parking structure. The expansion will be financed using $40.0MM in tax-exempt bonds and issued by the CMFA. The construction is expected to be completed and ready for students in time for the Fall Semester 2015.
Founded in 1908, Biola University is firmly committed to academic excellence. The school has six schools, offering four baccalaureate degrees in 39 majors, 18 masters and eight doctoral degrees. This is the second financing that the La Mirada-based University has completed through the California Municipal Finance Authority.