COLUMBUS, Ohio, April 26, 2017 /PRNewswire/ -- A long-time Ohio-area school public finance professional has been named the first Director of Ohio Education Finance by Umbaugh's Columbus, Ohio office. Marvin L. Founds previously served as managing director of public finance for Fifth Third Securities, Cincinnati, Ohio. Founds' experience includes 18 years as chief financial officer and treasurer for several school districts.
"Umbaugh chose Marvin for his years of experience dealing with the increasingly difficult responsibilities of managing financial resources for Ohio public school districts. There is no institution more important to assuring we have future generations of informed citizens than public schools. He brings a common vision, dedication to excellence, collaboration and demonstrated leadership which are our core values," said Umbaugh Columbus office Principal and Director, Mark A Miller. "Having Marvin join the Columbus office illustrates our commitment to provide professional and trusted municipal advisors for our Ohio clients."
With the addition of Founds the Columbus Umbaugh office now has nine finance professionals. The office opened in May of 2015.
Umbaugh advises cities, towns, townships, counties, utilities, schools, libraries, hospitals and airports regarding financing, long-range planning, tax and utility rates, budgets, debt management, revenue forecasts, economic development and financial management.
Founds is a past member of boards of directors including the Government Finance Officers Association and the Ohio Association of School Business Officials. Founds has been professionally recognized receiving:
- GFOA's Certificate of Achievement for Excellence in financial reporting and accounting
- GFOA's popular Annual Financial Report award
- The Auditor's Award, State of Ohio
- Recipient of the Distinguished Service award - Ohio Association of School Business Officials
Founds is a registered municipal advisor and has served as a senior public finance investment banker for a regional broker dealer and a national banking corporation. He maintains securities licenses Series 7, 21, 50, 53, 66 and an Ohio school treasurer license.
Founds earned a Bachelor of Science in business administration with a finance concentration from The Ohio State University (1986.) He has two Masters Degrees – an MBA (2004,) and Education (1997) from Ashland University, Ashland, Ohio.
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