Vice President of Finance and Risk Management
The Finance Department ensures the financial integrity of the KUA while maintaining competitive rates. The department provides administration of all financial activities of the KUA including all financings of major projects and the investment of all KUA funds.
Financial reporting includes all KUA financial transactions and analysis, preparation of monthly financial reports, the preparation of the Comprehensive Annual Financial Report (CAFR), the Annual Budget and the Annual Five Year Plan. These documents are instrumental in the financial planning for the KUA in the short and long run.
The department is also responsible for the purchasing of all goods and services for the KUA, the oversight of the administration of the KUA Employees’ Retirement Plan, and the oversight of the KUA risk management functions which includes overseeing all insurance requirements for the KUA.
Joseph Hostetler is Vice President of Finance & Risk Management. Hired by KUA in 1987, Hostetler is a Certified Public Accountant, Certified Internal Auditor, Certified Treasury Professional, Certified Public Pension Trustee, and Certified Government Finance Officer with more than 35 years of experience in finance.
In 2008, Hostetler was named one of the nation’s top 500 professionals in treasury and finance by the Association of Financial Professionals. Selection was based on strict criteria including knowledge of corporate finance, treasury management and financial reporting as well as professional qualifications, career growth and certification as a Certified Treasury Professional or Certified Cash Manager. He also received this designation in 2007, 2006 and 2004.
In 2008, the American Public Power Association named Hostetler to its Honor Roll for his significant local contributions to public power.
Hostetler holds a Bachelor of Science degree in business administration from the University of Florida and a Master’s degree in Business Administration from Rollins College.