Longtime Marysville director of finance John Morehart is leaving his position early next year.

Longtime Marysville director of finance John Morehart is leaving his position early next year.

During last week's finance committee meeting, council's Nevin Taylor announced that Morehart will retire next year, after more than 10 years of service to the city.

According to Jillian Froment, the city administrator, Morehart's official last day is scheduled for Feb. 28, 2010.

"John started with the city in March of 1999," Froment said. "We've been so appreciative of his time and service to the community. He was instrumental in allowing a smooth transition two years ago when the mayor (Chris Schmenk) and I came on board, and really helped us to understand the state of our community. John has been a great asset to the management team, especially in these hard budgetary times. He's always been able to figure out solutions to tough problems."

Froment said the city's human resources department will handle the search to find a new finance director, and that the position will likely be posted in December.

"The goal is to have the position filled soon after John's last day, but we will remain flexible on that. We want the right person for the job," she said. "We certainly don't want to leave the position open for very long. However, we need someone there to help shape the city's immediate future."

Froment said that the city plans to conduct an open search for the position, providing opportunity for both internal candidates and others from outside the city's work force to apply for the top spot in the finance department.

Marysville's finance director manages the city's budget and all of its expenditures and incomes, as well as overseeing the city's debt management by working with financial institutions and legal counsel.

The director is also involved in the city's contract negotiations, and meets monthly with other members of the administration to plan projects, Froment said.

The position is also responsible for the city's utility billing department, and is responsible for income tax reports in Marysville. Froment said the annual salary range for director of finance is $75,000 to $90,000.