Stephen Schaus

City Treasurer Stephen Schaus


First elected in October 1991, City Treasurer Stephen Schaus is directly 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

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
  • Government Finance Officers Association
  • Oklahoma Municipal League Member
  • Oklahoma Society of Certified Public Accountants

Civic Involvement & Leadership


  • Bank of Oklahoma Business Banking Group Advisory Board OKC, Chairman
  • Bank of Oklahoma, OKC Advisory Board of Directors
  • BOK Financial Board of Directors, Advisory Member (BOK Financial is a multi-state bank holding company that includes Bank of Oklahoma)
  • Chairman of the City of Edmond Finance Committee
  • City of Edmond Capital Improvement Financing Subcommittee, Chairman
  • Edmond Area Chamber of Commerce Member
  • Edmond Employee Pension and Retirement Board
  • Edmond Employee Pension Plan Investment Committee, Chairman
  • Lyric Theatre of Oklahoma, Board Member and Past Treasurer
  • OU Medical Center Edmond Board of Trustees, Vice Chairman
  • Thelma Gaylord Lyric Theatre Endowment Fund, Board of Directors