WJC Schools chief financial officer resigns

JAMES CITY – The Williamsburg-James City school division's chief financial officer has resigned effective Sept. 12, 2014, after accepting a position in Henrico County Public Schools, a school spokesperson said Wednesday.

Terry Stone, who is also the vice chair of the King William County Board of Supervisors, was appointed as the school division's CFO in May 2013 and began the position the following month. WJC Schools spokeswoman Betsy Overkamp-Smith said Wednesday that Stone is leaving for a job as assistant superintendent for finance and administration with Henrico County Public Schools.

"This was an opportunity close to home for her – one that doesn't come up very often," Overkamp-Smith said in an email to the Gazette.

Stone called the decision to leave a difficult one “because I have completely enjoyed working with the WJCC School Board, superintendent, cabinet, and staff.”

“It has been a pleasure to work for WJCC. The team is completely dedicated to the students and second to none,” she said in an email to the Gazette.

The Gazette reported in May of 2013 that Stone served as director of financial operations in Hanover County Public Schools between 2008 and 2013, and also served as a member of the King William School Board between 2004 and 2011.

In a statement to the Gazette, superintendent Steven Constantino said Stone will be missed and called her knowledge of county and school financial processes “unmatched.”

“In her short time with us, she elevated our ability to not only budget to support our efforts, but to evaluate financial systems within our division that resulted in significant efficiencies,” Constantino said. “While I am disappointed that her time with us was short, I am grateful for all she did for our division. I will miss her.”

Stone’s resignation was accepted as part of a host of personnel changes approved by the School Board on a 6-0 vote at its Aug. 19 meeting.

An undated job opening for schools CFO has been posted in the "careers" section of the WJC Schools division website. The job opening does not specify a salary range; however, according to the 2014-15 approved school budget, the school division has $133,155 budgeted for one full-time administrative position in the finance and business services division.

According to the job opening, the school division will begin reviewing applicants' résumés Aug. 27, and the posting will remain open until the position is filled. The CFO supervises several employees within the finance department.

The job posting describes the CFO role as follows: "The chief financial officer provides leadership for budget, finance, and business affairs for the district. Ensures funding of programs that support the strategic plan. This position collaborates with senior directors and makes recommendations to the superintendent regarding the financial status of the district while ensuring compliance with state and federal regulations."

More — Visit http://wjccschools.org/web/careers/ to view the complete CFO job posting.

Sampson can be reached at 757-345-2345.