Chief Financial Officer

El Toro Water District - Lake Forest, CA

Established in 1960 under the provisions of the State of California Water Code, the El Toro Water District (ETWD) provides high quality drinking water, reliable wastewater collection and treatment, and recycled water for approximately 50,000 people in the City of Laguna Woods and portions of the Cities of Lake Forest, Laguna Hills, Mission Viejo and Aliso Viejo.

ETWD’s five-member, publicly elected Board of Directors are responsible for the District’s policies and strategic decision making. Day-to-day operations are directed and supervised by the General Manager. ETWD is currently staffed by 60 full-time professionals. ETWD has been awarded the Certificate of Achievement for Excellence in Financial Reporting, District of Distinction, and 2019 Top Work Places. ETWD’s Fiscal Year 2020-21 budget of approximately $28 million is designed to help the District attain the following financial objectives:

  • Establish a revenue cash flow plan that is sufficient to fund the operating budget including the capital replacement & refurbishment program.
  • Establish a reliable, stable and predictable rate adjustment strategy that minimizes impact to customers.
  • Maintain a minimum reserve level sufficient to fund legal, board mandated and working capital requirements.
  • Employ cost containment and reduction strategies and practices as appropriate to cost effectively maintain reliable service levels.

The Chief Financial Officer (CFO) plans, organizes, controls and directs the full range of finance and accounting services for El Toro Water District. The CFO develops budgets; establishes organizational controls and measures performance against approved objectives; manages the District’s cash, investments and working capital funds; oversees customer service, customer billing and accounts receivable; manages the District’s insurance program; oversees payroll; performs periodic audit and review of financial records, operations and systems to assure that proper accounting procedures are followed; and manages the contract with the independent auditing firm.

In addition, the CFO produces and reconciles the Comprehensive Annual Financial Report (CAFR) and assesses future fiscal impacts to the organization. This individual also presents information to the El Toro Water District Board of Directors and members of the community and represents the District at meetings with other agencies. The CFO provides direction and supervision for the Accounting Department, the Information Technology Department, the Office Customer Service Department and the Purchasing Department.

The ideal candidate is a strong, innovative leader who inspires staff, brings vision and clarity to the organization, and ensures the department’s work is completed in an accurate and timely manner. This individual is a collaborative, strategic problem solver who generates ideas to move the organization to the next level and provides alternate solutions when challenges arise. They have superior team building and communication skills combined with a high level of financial expertise. They also have the confidence and experience to work independently while remaining in alignment with, supporting, and sharing information with the General Manager.

Qualifying Education & Experience:

A Bachelor’s degree from an accredited college or university with major coursework in accounting, finance, or related field is required. An MBA is desirable. This position also requires eight to ten years of increasingly responsible financial management experience including five years of supervisory and administrative responsibility. Financial management in a utility/government agency will be an asset. Possession of a Certified Public Accountant certificate is preferred.

Salary: $145,000 to $185,000, DOQ, plus an excellent benefits package.

Apply on-line at by August 7, 2020. For questions and inquiries, please contact Cindy Krebs at or (562) 901-0769.

Posted On: Friday, July 10, 2020

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