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