Arlington Names New Director of Management and Finance

Published on November 01, 2016

CORRECTION 11/08/2016: Mr. Agostini's start date was originally reported as November 17. That has been changed to November 21.

Stephen J. Agostini has been named Arlington County's new Director of Management and Finance, and will start November 21. He will be responsible for  approximately 50 staff involved in the County's financial operations, including management and budget, accounting, purchasing, and real estate assessment.

Arlington is one of only a handful of counties across the nation that maintains the highest debt rating available — Aaa/AAA/AAA from all three credit ratings agencies. For 16 years, the County has won praise from the ratings agencies for its sound financial operations and management.

"Steve brings a wealth of experience in creating policies and procedures governing budget formulation and execution, financial management, internal controls and other financial management issues," said Arlington County Manager Mark Schwartz. "He will be leading a team of top professionals who skillfully manage the County's $1 billion-plus budget."

About Stephen J. Agostini

Mr. Agostini served as the Chief Financial Officer of the federal Consumer Financial Protection Bureau from November 2011 until joining Arlington County Government. The bureau is the federal agency responsible for regulating consumer financial products. Before joining the bureau, Mr. Agostini served as the Chief Financial Officer of the federal Office of Personnel Management. While there, Mr. Agostini led efforts to stabilize the office's new financial information system. Between 2008 and 2010, Mr. Agostini served as the Budget Director and Deputy Finance Director for the City of Philadelphia. He served as part of the senior leadership team that successfully led the city's efforts to maintain balanced budgets during the Great Recession of 2007-2009.

About the Department of Management and Finance

The County's Department of Management and Finance is responsible for financial management; capital and operating budget development, annual real property assessments;  economic analysis; purchasing; accounting and internal audit, and financial information for the County Board, the public, the County Manager and County departments.

Mr. Agostini succeeds Acting Director Maria Meredith, who will return to her previous duties.