News Release News Release The City of Palo Alto
Communications Department
650-329-2607
250 Hamilton Ave
Palo Alto, CA 94301

11/7/2007

FOR IMMEDIATE RELEASE
PRESS RELEASE 11/07/07
Subject :

Director of Administrative Services Department to Retire in December 2007
Contact : Frank Benest, City Manager, City of Palo Alto    650-329-2563
Palo Alto, CA – The City of Palo Alto announced that Carl Yeats, Director of Administrative Services (ASD), will retire in December after nine years with the City.

Yeats came to Palo Alto in May 1998, and since then has been responsible for the Divisions that make up ASD including Finance, Real Estate, Budget and Financial Planning, and Information Technology.

"Carl is an extremely productive and valuable member of the senior executive team in Palo Alto," stated Frank Benest, City Manager. "His financial expertise, administrative skill and political acumen will be sorely missed."

During his tenure, Yeats helped steer the City through many challenges such as the Y2K bug, the difficult financial times that followed the dot.com bust, and state tax revenue takeaways after the 2001 energy crisis. Carl has led the effort to achieve a sustainable budget through long-term financial planning, establishing reserve guidelines and creating long-term funding plans for infrastructure and retiree medical liability.  Since his arrival, the City of Palo Alto has continuously received awards for excellence in financial reporting and budgeting from the Government Finance Officers Association and the California Society of Municipal Finance Officers, as well as receiving the highest overall credit rating from rating agencies.

According to Yeats, there are many challenges facing the next Director, such as implementing the Succession Plan due to projected employee turnover from baby boomer retirements and managing a Sustainable Budget in light of rising costs.

"As the City moves through time, it will need to strike a delicate balance in providing an extremely high level of service to the community as well as meeting the liabilities in the future," stated Yeats. "The next Director will need to navigate the challenges of significant cost increases that we continue to see in terms of funding infrastructure and other commitments such as new libraries and public safety buildings and medical premiums."

Yeats’ last day with the City will be December 27, 2007.



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