Caputo '82 FAF Trustees Reappoint to GASB
The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the reappointment of Brian W, Caputo to a second term on the Governmental Accounting Standards Board (GASB). Mr. Caputo, who began serving as a member of the GASB on July 1, 2015, is the interim president of the College of DuPage in Glen Ellyn, Illinois.
The GASB is the independent, private-sector organization that sets accounting and financial reporting standards for state and local governments in the United States. The FAF is the independent, private-sector organization responsible for the oversight of the GASB and its sister standard setter, the Financial Accounting Standards Board (FASB).
Mr. Caputo's second and final term on the Board begins July 1, 2019, and will extend through June 30, 2025.
"The Board of Trustees is pleased Brian will serve another term on the GASB," said FAF Chairman Charles H. Noski. "His broad experience and perspective as a long-time preparer of public sector financial statements are valuable resources to the GASB."
Previously, Mr. Caputo served as chief financial officer/treasurer for the city of Aurora from 1998 to 2017, where he was responsible for developing and overseeing the execution of the city's $400 million annual budget, preparing the comprehensive annual financial report, and managing an annual investment of public funds averaging $500 million. Prior to that, as director of finance and treasurer of the village of Mount Prospect, Illinois, he was responsible for all aspects of the village's financial management. Earlier in his career, Mr. Caputo served in government finance positions with the villages of Hoffman Estates and LaGrange, Illinois. He also worked as an auditor with Price Waterhouse in Chicago. Read more.