Logan finance director honored by Utah Business magazine

Logan’s finance director has been honored by a Salt Lake-based magazine as one of the top government finance officer in the state. Rich Anderson joins 15 other “Chief Financial Officers” in Utah in obtaining the honors from Utah Business magazine in its June 2009 issue. The magazine has the following to say about Anderson: “While many cities across the nation are struggling to survive today’s economic storm, Rich Anderson has positioned Logan City to excel. In recent months Logan has been named one of the nation’s strongest cities, having the second lowest unemployment rate, according to the U.S. Labor Department. But the picture wasn’t always rosy for the city. In 2003, Logan faced a negative fund balance of 2 percent and a ballooning debt. Under Anderson’s financial leadership, the city’s general fund reserves rose to 18 percent and all deficit balances were paid off by 2008. ‘We overcame this seemingly overwhelming issue through constant vigilance and teamwork. Not a minute passed when I was not thinking about how we could fix the problems we were facing,’ Anderson says. ‘A good CFO needs to have a vision and direction for the future of the organization and an ability to communicate this vision to others.'” Anderson started working for Logan in January of 2005 and said he was pleased with the award. “I was terribly flattered,” he said. “I don’t know who it was who nominated me. I asked my wife and it wasn’t her.” Anderson said that as late as 2004 Logan was in poor financial shape, but with the help of a strong financial team, the Logan Municipal Council, the mayor and department heads, “everybody pulled together.” “It’s great that we’re in a strong position, particularly in the trying circumstances we’re in right now,” Anderson said of the city. “Now the city is in a good position.”

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