The Aurora City Council unanimously approved the appointment of Stacey Peterson to serve as the City’s new chief financial officer (CFO) and City treasurer.
Peterson, who was appointed to fill the vacancy created by the departure of former CFO Chris Minick, is a 26-year veteran of City Hall, initially beginning her tenure with the City in 1999 as a staff accountant. She would go on to serve for 11 years as an accounting supervisor in the Finance Department, before being named the assistant director of Finance for Budgeting in 2013. Following a brief stint as the Interim CFO and City treasurer from 2017 through 2018, Peterson was serving as the City’s director of Financial Operations before this current appointment.
Peterson is also an active member of both the Government Finance Officers Association and the Illinois Government Finance Officers Association. In addition, she serves on the board of the Aurora Policemen Credit Union. Under her leadership, the City of Aurora has received the Government Finance Officers Association Distinguished Budget Presentation Award for 26 consecutive years. Peterson’s efforts inside City Hall have led to a streamlined budgeting process, efficient budget forecasting, and the development of the City’s yearly public budget document.
As the incoming CFO and City treasurer, Peterson will oversee a Department of nearly 50 employees across a multitude of Divisions, those of which include: Accounting/Payroll, Budget, Purchasing, Revenue and Collections, the City’s Motor Vehicle Parking Administration, and Water Billing.
— City of Aurora government