Porter named CFO; Budget and Finance offices merge
Posted Jan. 29, 2013
Horatio Porter, who has served as budget officer for the City of Fort Worth since 2009, has been named the city’s Chief Financial Officer and will oversee both the Budget Office and the Financial Management Services department.
Horatio Porter, who has served as budget officer for the City of Fort Worth since 2009, has been named the city’s Chief Financial Officer and will oversee both the Budget Office and the Financial Management Services department, City Manager Tom Higgins announced during today’s pre-council meeting.
Porter, a Certified Public Accountant with more than 15 years’ experience in the private sector, will be director of Financial Management Services, which now will include the Budget Office.
Porter led the CMO’s Budget and Research division, which provides information, analysis and other tools to facilitate decision making for optimum financial planning and management in keeping with the strategic goals and priorities as defined by the City Council.
The Financial Management Services Department has general responsibility for the financial administration of the city. The department has four divisions consisting of the Administration Division, Accounting Division, Purchasing Division and Treasury Division.
A graduate of TCU, with a Bachelor’s degree in Accounting and an MBA in Finance, Porter has led the city through challenging budget processes while providing a 5-year financial forecast to help with long-term changes to ensure the city’s budget and financial stability.
“Horatio has been an excellent resource and leader during the yearly budget process, and has displayed the skills needed to address today’s challenges and provide the long-term planning needed to address challenges in the future,” Higgins said. “He has done an excellent job as Budget Officer and has the skills and knowledge to be an excellent Chief Financial Officer.”