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Phil Costello - Profile

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Email – Phil.PACFS@outlook.com         815.701.8649            

   

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Summary

Career financial manager and board member that employs experience and expertise to target cost-justified solutions driven by financial outcomes with analyzed pros and cons.

Core competencies

  • Cashflow, investments, debt, bonds, risk mitigation, vendor accountability and banking

  • System compliance; reporting, personnel, ordinances, income, payroll and statutory filings

 

New Venture

 

Financial Consultant             PAC Financial Solutions                                           2026 launched

Providing customized financial support and analysis while offering tools to for personal and business clients to focus on your goals

 

Recent Experience

 

Superintendent of Finance              Oak Lawn and Palatine Park Districts              2014 to 2024

Responsible for budget, finance reporting, investments, debt, tracking long-term capital projects

  • Redesigned Investment Policy Statement to improve yield on cash reserves

  • Created financial dashboard to track critical success factors and key performance indicators

  • Converted paper-based files into electronic documents with record archives indices

 

Chief Financial Officer                     Girl Scouts of Northern Illinois                           2009 to 2014

Directed finances for four facilities, 67employees with three direct reports and 13 indirect staff. Staff liaison to Board Finance and Audit Committees and ex-officio member of Board of Directors.

  • Re-negotiated all vendor contracts to consolidate economic sourcing for buying power

  • Restructured employee development and retention plans to retain key staff

  • Retired bonded debt with lower interest revolving line of credit to reduce operating budget

  • Instituted ACH facility for product cash sweeps and oversight for 1,700 member accounts

  • Developed benchmarking tool and presented to council leaders at national conference

                                                                                                                                                           

Community
  • Palatine Celtic Soccer Tournament director committee with 30 fields and 400 Midwest programs

  • Board of Directors and Investment Chair for Homes for Children Foundation   

  • Site manager for Northwest PADS at All Saints Lutheran church in Palatine   

  • Ran Bank of America Chicago Marathon benefiting Children’s Memorial Hospital

  • Elected to U-46 Board to govern 59 schools in 11 northwest villages, 3 counties with 44,000 students, and an $800-million annual operating budget

  • Knights of Columbus officer/volunteer at Special Olympics, blood drives, and family programs

  • St. Joseph’s Little Sisters of the Poor Home for the Elderly resident outreach volunteer        

  • Executive Service Corps volunteer consultant to area nonprofits to support mission efficacy

 

Credentials

  • Certified Public Accountant (CPA), Illinois

  • Masters of Business Administration (MBA), Illinois State University, Normal, IL

  • Bachelors of Science in Accountancy, University of Illinois, Urbana, IL

Direct calls

123-456-7890 

Email 

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