June 7, 2019
KNN Public Finance
(OAKLAND, CA) KNN Public Finance, LLC ("KNN") is excited to announce the newest addition to our team of experienced Municipal Advisors, Scott Mitnick, hired as a Director.
Scott is joining KNN with over 30 years of experience serving five California local government agencies in finance and executive management positions. He most recently served as County Administrator to Sutter County, CA. During his tenure as County Administrator, he led an organization of over 1,000 employees, comprised of 20 departments, and managed a budget of over $300 million, serving nearly 100,000 residents.
Prior to Sutter County, Scott served as the long-time City Manager for the City of Thousand Oaks in Ventura County, CA from 2005 -2016. There he managed more than 500 employees with a budget of over $200 million that served a population of 132,000. In the early 2000s, Scott helped develop and implement one of the first multi-year strategic financial plans used by a city in California, which was utilized to help Thousand Oaks weather the Great Recession and ensure long-term financial stability. On his watch, Thousand Oaks maintained very healthy reserves and obtained an implied ‘AAA’ bond rating.
Scott's other local government positions included: Yuba City Finance Director (1996– 1999), Burbank Budget Officer (1994-1996), Burbank Assistant to the City Manager (1992-1994), Burbank Financial Analyst/Budget Analyst (1989–1992), and City of Brea Budget Analyst (1987-1988).
After an extensive career in public service, Scott is looking forward to serving public agencies in a new role, as Municipal Advisor. According to Mitnick, “After three decades of working for California local governments, with a heavy focus on financial management, I’m excited to apply my skills to helping a wide range of local government agencies. I want to help them prepare for, and manage, the financial and capital improvement challenges that their communities face. “I feel like I’ve been training to become a Municipal Advisor my entire career,” Mitnick said.
According to KNN Senior Managing Director, David Leifer, “Scott brings a great deal to KNN, including an important understanding of client needs. He’s sat on their side of table for years and has a deep understanding of the financial challenges facing cities and counties today.”
“He’s going to focus initially on supporting our city, county and special district clients, with an emphasis on helping prepare strategic financial plans. This will complement the work we already do helping clients evaluate their debt affordability, develop sound financial management practices and build multi-year financing plans for capital needs,” stated Leifer.
Mitnick added, “I’m excited about working with KNN because they have a long-held reputation as one of the West Coast’s leading and most respected Municipal Advisory firms . . . it will be an honor to be part of their senior advisory team,” Mitnick said.
KNN provides a comprehensive range of municipal advisor services to state and local government agencies, including cities, counties, state agencies, K-12 school districts, community colleges, universities and non-profit entities. KNN is among the largest municipal advisory firms based in California, with 20 employees in three offices across the State. In 2018, KNN ranked 3rd in California and 9th nationally among financial advisors based on par amount issued, according to Refinitiv (formerly the Finance and Risk division of Thomson Reuters).
“Our staff is comprised of professionals with diverse backgrounds and experiences, including rating agency, underwriting, legal and public sector,” Leifer noted. “For these reasons, Scott is an ideal addition to the firm. He brings hands-on issuer experience.”
Throughout his career, Scott has been actively involved in promoting good government and sound financial management, including authoring articles, editing financial books and articles, and serving as a guest lecturer to university classes in China, UCLA, USC, Syracuse University, Bristol University (England), CSUN, CSUF, CLU, and University of Wisconsin, Madison.
Scott earned his Master of Public Administration (State and Local Government Public Finance Concentration) from Syracuse University’s Maxwell School of Citizenship and Public Affairs and holds a Bachelor of Arts in Political Science with Honors from California State University, Fullerton. He spent his junior year studying Political Philosophy at Bristol University in England.Scott is a registered municipal advisor and holds a Series 50 license.
Scott is married to Mia (a former public elementary school teacher) and has twin 18-year-old boys (Matthew and Michael), who are in their freshman year at University of Wisconsin, Madison and University of Washington, Seattle.
While Scott will be spending time in all three of KNN’s offices, he will be based out of the firm’s headquarters in Oakland, CA initially. On behalf of all of us at KNN Public Finance, we’re pleased to welcome Scott to our team!
KNN Public Finance