Thursday, April 24, 2008

Funkhouser's City Auditor Salary Revealed

A few days ago we wondered how much Mark Funkhouser actually made as City Auditor if his new $113,000 per year salary was a "significant pay cut". Now we have that information.

In his last year as City Auditor, Mark Funkhouser made just under $141,000. Just in case you were curious, the new City Auditor, Gary White, earns $115,008 per year.

Based on this information, the mayor took a 23% pay decrease to become mayor. However, with the pension he earned from his previous city job, he actually cleared over $146,000 in his first year as mayor, nearly a 3.5% increase.

We decided to compare Funkhouser's City Auditor salary with similar positions in the private sector. Because government jobs are supposed to pay less than private sector jobs, due to the whole civic duty aspects of government work, we should have found his pay was substantially less, we did not.

According to Salary.com, which describes an audit manager as "oversee[ing] the auditing of accounting and financial data of various departments within an organization (more)", the average auditing manager earns a median base salary of $102,269. Funkhouser's $141,000 salary was also well above the $121,588 maximum audit manager salary available in the private sector.

According to PayScale.com, government auditors typically make approximately 34% more than their private sector counterparts. Another fine example of government waste.

P.S. If you are interested in finding the salaries of city employees, the Star has compiled this data for you.

3 comments:

Anonymous said...

Being that he was the city auditor, it might be more relevant to compare his salary to that of a partner at a CPA firm and not to an audit manager. He probably had a few audit manager equivalents working under him.

James said...

The closest thing to "partner" we can find is the Auditing Director. Its median salary is $122k. The max, $147k. This still puts Funk's old salary still in the top 95 percentile, absurdly high for government work.

This is how salary.com describes the audit director:
Directs the auditing of accounting and financial data of various departments within an organization. Designs, develops, and implements of internal auditing policy and procedure within the organization. Ensures accuracy and compliance with government guidelines and laws. Identifies improper accounting or documentation and makes recommendations for improvement to top management. May require a bachelor's degree in area of specialty and at least 10 years of experience. Familiar with a variety of the field's concepts, practices, and procedures. Relies on extensive experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of others. A wide degree of creativity and latitude is expected. Typically reports to top management.

Dustin said...

This is good reporting. I figured his salary wasn't much off fromt he private sector. I think it is definitely a myth that public sector jobs pay less than private sector ones. Maybe at the CEO level, but I am an accountant and all of the employees that are accountants listed on the KCStar's database make more than me and I am in the private sector.