Melissa Hodnett, MBA, CPFO

Finance Director at City of Bozeman
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Contact Information
us****@****om
(386) 825-5501
Location
Bozeman, Montana, United States, US
Languages
  • English -

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Chris Leigh

I fully support and recommend Melissa. She volunteered to work on a project that I was leading and did an outstanding job. She is a hard worker and always striving deliver quality results.

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Credentials

  • Certified Public Finance Officer
    Government Finance Officers Association (GFOA)
    Oct, 2023
    - Nov, 2024
  • Public Sector Leadership Certificate
    Drucker School of Management
    Dec, 2021
    - Nov, 2024
  • P3 Accounting Certified
    PowerPivotPro
    Sep, 2017
    - Nov, 2024
  • Certificate in Management Information Systems
    University of Connecticut
    Dec, 2011
    - Nov, 2024

Experience

    • United States
    • Government Administration
    • 100 - 200 Employee
    • Finance Director
      • Aug 2022 - Present

      Oversee the City's Finance Department which includes 16 employees across accounting, budget treasury, and grant management functions. Conduct financial planning and analysis for the City, and provide financial leadership. Oversee and monitor $180 million annual budget for full-service City including five-year capital improvement plan and staffing plan costing models. Evaluate, model, update and recommend changes for rates, fees, and assessments. Perform Commission and departmental… Show more Oversee the City's Finance Department which includes 16 employees across accounting, budget treasury, and grant management functions. Conduct financial planning and analysis for the City, and provide financial leadership. Oversee and monitor $180 million annual budget for full-service City including five-year capital improvement plan and staffing plan costing models. Evaluate, model, update and recommend changes for rates, fees, and assessments. Perform Commission and departmental financial analysis. Show less Oversee the City's Finance Department which includes 16 employees across accounting, budget treasury, and grant management functions. Conduct financial planning and analysis for the City, and provide financial leadership. Oversee and monitor $180 million annual budget for full-service City including five-year capital improvement plan and staffing plan costing models. Evaluate, model, update and recommend changes for rates, fees, and assessments. Perform Commission and departmental… Show more Oversee the City's Finance Department which includes 16 employees across accounting, budget treasury, and grant management functions. Conduct financial planning and analysis for the City, and provide financial leadership. Oversee and monitor $180 million annual budget for full-service City including five-year capital improvement plan and staffing plan costing models. Evaluate, model, update and recommend changes for rates, fees, and assessments. Perform Commission and departmental financial analysis. Show less

    • United States
    • Government Administration
    • 100 - 200 Employee
    • Assistant Director Of Finance
      • Aug 2021 - Aug 2022

      • Directing a team of eight finance professionals including the budget & financial planning, payroll and accounts payable functions • Direct the financial planning and budget process for more than 30 separate city-wide funds with a total 2021-2023 biennial budget of approx. $925 million • Direct the biennial budget process through proposal, Budget Committee approval and City Council adoption and received the Government Finance Officers Association (GFOA) Distinguished Budget Presentation… Show more • Directing a team of eight finance professionals including the budget & financial planning, payroll and accounts payable functions • Direct the financial planning and budget process for more than 30 separate city-wide funds with a total 2021-2023 biennial budget of approx. $925 million • Direct the biennial budget process through proposal, Budget Committee approval and City Council adoption and received the Government Finance Officers Association (GFOA) Distinguished Budget Presentation Award • Ensure timely, accurate, and efficient operation of payroll and accounts payable process

    • Manager, Financial Planning & Budget
      • Feb 2019 - Aug 2021

      • Direct the biennial budget process through proposal, Budget Committee approval and City Council adoption and received the Government Finance Officers Association (GFOA) Distinguished Budget Presentation Award • Manage financial planning and budget for more than 30 separate city-wide funds with a total 2021-2023 biennial budget of approx. $925 million • Lead, train and coach a team of three direct reports, including training two new employees during biennial budgeting • Forecast $665… Show more • Direct the biennial budget process through proposal, Budget Committee approval and City Council adoption and received the Government Finance Officers Association (GFOA) Distinguished Budget Presentation Award • Manage financial planning and budget for more than 30 separate city-wide funds with a total 2021-2023 biennial budget of approx. $925 million • Lead, train and coach a team of three direct reports, including training two new employees during biennial budgeting • Forecast $665 million of city-wide revenues in over 1200 individual general ledger accounts for the biennial budget • Calculate detailed payroll budgets for approximately 700 employees • Allocate overhead expenses using an internal cost allocation plan built & adjusted biennially to fairly distribute costs • Collaborate with departments to develop, review and justify operational budgets • Manage monthly revenue and expenditure reporting and budget to actual analysis • Prepare and present detailed financial information at an appropriate level for City leadership, the budget committee and City Council/Board members to approve • Manage long term financial models for 13 City funds to ensure long term projections support budget requests • Incorporate feedback from internal customers to streamline the process and increase customer satisfaction biennially • Developed a financial model and city-wide process for collaboration between six city departments to plan funding for 10 years of transportation improvements

    • Principal Analyst, Budget & Financial Planning
      • Jul 2018 - Feb 2019

      • Developed the Proposed and Adopted 2017-2019 Biennial Budget document, which earned a GFOA Distinguished Budget Presentation Award o Coordinated with department directors to prepare budgets, narratives, and 5-year Capital Improvement Plans o Forecasted $500M of city-wide revenues, including Property Taxes, Charges & Fees, Impact Fees and Grants • Provided budget support for more than 20 funds, including assistance with budget adjustments, financial analysis and modeling, financial… Show more • Developed the Proposed and Adopted 2017-2019 Biennial Budget document, which earned a GFOA Distinguished Budget Presentation Award o Coordinated with department directors to prepare budgets, narratives, and 5-year Capital Improvement Plans o Forecasted $500M of city-wide revenues, including Property Taxes, Charges & Fees, Impact Fees and Grants • Provided budget support for more than 20 funds, including assistance with budget adjustments, financial analysis and modeling, financial reporting, and reviewing issue summaries and master plans for financial impacts • Created and maintained financial models, including Water, Sewer, and Stormwater 20-year forecasts to propose rate increases and Transportation Construction 10-year forecast to support Council with data to make SDC decisions • Prepared and presented analysis and key findings to City leadership and City Council related to transportation funding, Utility rates and other fee changes, utilizing a variety of communication styles tailored to the audience • Communicate financial issues and impacts successfully to a variety of audiences ranging from City Council to operating department front-line staff

    • Senior Budget & Financial Analyst
      • Oct 2016 - Feb 2019

      • Forecasted $695M of revenues for the City’s 2017-19 Proposed Biennial Budget • Collaborate with department directors to prepare $289M of expenditure budget for 2017-19 • Present budgets with variance analysis to the City Manager for review • Calculate and budget for the Cost Allocation Plan to allocate all internal service and departmental overhead costs out to funds • Prepared ad hoc analysis including variance analysis, walk charts and slides for financial strategy sessions… Show more • Forecasted $695M of revenues for the City’s 2017-19 Proposed Biennial Budget • Collaborate with department directors to prepare $289M of expenditure budget for 2017-19 • Present budgets with variance analysis to the City Manager for review • Calculate and budget for the Cost Allocation Plan to allocate all internal service and departmental overhead costs out to funds • Prepared ad hoc analysis including variance analysis, walk charts and slides for financial strategy sessions with City Council and the Budget Committee

    • United States
    • Aviation and Aerospace Component Manufacturing
    • 700 & Above Employee
    • Senior Financial Analyst/Cost Accountant
      • Oct 2015 - Oct 2016

      Cost Accountant for Supra and Onity businesses • Develop standard costs including material cost, material overhead, labor overhead and manufacturing overhead rates • Book quarterly entries to capitalize variances to standards • Lead monthly physical inventory counts, audits and resolution of variances • Manage operational financial metrics on balance sheet and P&L including inventory balance, inventory turns, COGS, quality expenses, labor cost, purchase price variance, recoveries… Show more Cost Accountant for Supra and Onity businesses • Develop standard costs including material cost, material overhead, labor overhead and manufacturing overhead rates • Book quarterly entries to capitalize variances to standards • Lead monthly physical inventory counts, audits and resolution of variances • Manage operational financial metrics on balance sheet and P&L including inventory balance, inventory turns, COGS, quality expenses, labor cost, purchase price variance, recoveries, absorption and other key accounts • Finance input and verification of the Engineering Change Order (ECO) process including validation of SKU coding, costs and bill of materials • Facilitate regular excess and obsolete reviews with cross functional owners and calculate the financial impact

    • Aerospace Customer & Business Development Financial Analyst
      • Feb 2014 - Oct 2015

      Financial analyst for strategic planning and management reporting related to new platform pursuits and current OEM customers • Implement supplier financing programs to mitigate receivable risk, improving cash flow by $460M in 2014 • Manage platform database containing UTC Aerospace Systems product lines with price and cost details for 8 BUs •Analyze impacts on sales and EBIT of changing aircraft production schedules

    • Financial Planning Analyst - Eagle Services Asia (ESA)
      • Aug 2013 - Feb 2014

      • Ran financial business case for Project Majulah: turning ESA into a center of excellence and preparing for Next Generation Product Family (NGPF), analyzing changes in labor, overhead and inventory • Met with GM's twice weekly to track campaign engines, analyze direct labor, invoice cost & material fill rates • Led audit of employee time clocking to ensure productivity and proper clocking to each project • Prepared various analysis and slides for 2014 Plan review, Board of Directors… Show more • Ran financial business case for Project Majulah: turning ESA into a center of excellence and preparing for Next Generation Product Family (NGPF), analyzing changes in labor, overhead and inventory • Met with GM's twice weekly to track campaign engines, analyze direct labor, invoice cost & material fill rates • Led audit of employee time clocking to ensure productivity and proper clocking to each project • Prepared various analysis and slides for 2014 Plan review, Board of Directors and president visits

    • Financial Leadership Program Associate
      • Jan 2012 - Feb 2014

      The United Technologies Financial Leadership Program (FLP) is one of today's foremost development programs. The FLP is a rotational program that exposes recent college graduates to the various business units of United Technologies. During this time frame, each associate completes four, six-month assignments throughout the various functional areas of finance. Associates develop strong foundations in accounting and finance, learn the importance of teamwork and adaptability, and build solid… Show more The United Technologies Financial Leadership Program (FLP) is one of today's foremost development programs. The FLP is a rotational program that exposes recent college graduates to the various business units of United Technologies. During this time frame, each associate completes four, six-month assignments throughout the various functional areas of finance. Associates develop strong foundations in accounting and finance, learn the importance of teamwork and adaptability, and build solid analytical skills.

    • Financial Planning Analyst
      • Feb 2013 - Aug 2013

      • Managed the development of a new process for orders reporting and restatement of orders 2011-present • Developed a POS package to track sales beyond distributors and analyze trends and areas of focus for sales team • Consolidated P&L and sales reporting for the restructuring of Lenel and Interlogix

    • Global Supply Chain Financial Analyst
      • Aug 2012 - Feb 2013

      • Supported GSC finance in hitting 2012 plan by identifying $2M in charges to be transferred to the appropriate group at year end • Represented GSC in developing new process for charging vendor tooling to government contracts • Owned Engineering charge budget and developed 2013 plan • Owned vendor tooling charges and forecasting

    • Manufacturing Accountant
      • Jan 2012 - Aug 2012

      • Prepared and presented period cost variance at Controller’s closing meeting • Researched and analyzed variances in overhead costs and direct labor for mod center financial areas • Performed Material Management Accounting System (MMAS) testing monthly to audit Pegging and Distribution • Participated in ACA review of joint venture • Booked monthly, quarterly and year end closing entries • Allocated SG&A expenses to joint ventures • Reconciled accounts using ARMS

    • Finance Intern
      • Jun 2011 - Jan 2012

      • Collaborated with Europe 7 team and interface with global managers to develop charge back rates • Analyzed volume and exchange rate exposure

Education

  • Indiana University - Kelley School of Business
    Master of Business Administration (M.B.A.), Business Administration and Management, General
    2015 - 2017
  • The University of Connecticut School of Business
    Bachelor of Science (BS) in Business Administration, Corporate Finance, Cert. in MIS
    2008 - 2011

Community

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