In a significant transition for the City of Round Rock, Texas, longtime Chief Financial Officer Susan Morgan has announced her retirement after an illustrious 10-year tenure. During her time with the city, Morgan played a crucial role in maintaining financial stability and guiding strategic investments. Her leadership has been instrumental in ensuring the city's fiscal strength, earning top bond ratings and achieving transparency accolades from the Texas Comptroller’s Office. Kevin Klosterboer, formerly of Cedar Park, has been appointed as her successor, bringing extensive experience in municipal finance to the position.

A Golden Era of Financial Leadership Comes to a Close

During the crisp autumn days of February, the Round Rock City Council bid farewell to Susan Morgan, who has served as the city's Chief Financial Officer since 2015. Over her decade-long career with the city, Morgan has overseen critical areas such as budgeting, accounting, financial reporting, and treasury management. Her expertise has not only ensured the city's financial resilience but also positioned it for sustainable growth. Under her guidance, Round Rock became one of just eight cities in Texas to earn all possible transparency stars from the Texas Comptroller’s Office, a testament to her commitment to fiscal transparency and accountability.

Morgan's journey in government finance began long before her time in Round Rock. She held various leadership roles at the Brazos River Authority, the Texas Water Development Board, and HDR Engineering. A Certified Public Accountant with a degree from Texas Tech University, Morgan has also been an active leader in the Government Finance Officers Association of Texas (GFOAT) and the Comptroller’s Property Tax Forms Committee. Her dedication to public service has left an indelible mark on the community she served.

A New Chapter Begins with Kevin Klosterboer

As the city turns a new page, Kevin Klosterboer steps into the role of Chief Financial Officer. This return to Round Rock is particularly meaningful for Klosterboer, who previously served as Budget Manager for the city. His appointment comes after a successful tenure as Director of Finance for Cedar Park, where he oversaw significant advancements in financial management. A Central Texas native, Klosterboer holds a Master of Public Administration from the University of Kentucky and dual degrees in Political Science and Biology from Knox College. His career in local government finance began through the ICMA Local Government Management Fellowship program, where he gained valuable experience in Georgia municipalities before returning to Texas.

City Manager Brooks Bennett expressed enthusiasm about Klosterboer's return, highlighting his deep understanding of municipal finance and familiarity with Round Rock's budgeting processes. "Kevin's background makes him an outstanding choice to lead our financial operations into the future," Bennett said. Klosterboer will continue the city's commitment to fiscal responsibility and strategic growth, building on the foundation laid by his predecessor.

A Legacy of Integrity and Vision

Susan Morgan's retirement marks the end of an era, but her legacy will endure in the financial strength and transparency she helped build. Her contributions have set a high standard for future leaders in Round Rock. As the city welcomes Kevin Klosterboer, it looks forward to continuing its trajectory of responsible financial stewardship and strategic development. The seamless transition underscores the city's commitment to maintaining its reputation for excellence in governance and fiscal management.