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Chance Receives CFO of the Year Award from St. Louis Business Journal

June 04, 2010

Carla Chance  
Carla Chance

Carla Chance, vice chancellor for finance and business services at
St. Louis Community College, has been named the St. Louis Business Journal’s 2010 Chief Financial Officer of the Year in the large non-profit companies category.

In more than 10 years as STLCC’s chief financial officer, Chance has provided leadership for the largest facilities expansion since the campuses were constructed in the late 1960s. The expansion has included construction of the college’s LEED gold-certified campus in Wildwood, the South County Education and University Center, a parking garage on the Forest Park campus, and the new LEED-certified Harrison Education Center slated for opening in the fall. The college also purchased 66 acres in Wildwood for future campus expansion as well as the former Circuit City facility near the Florissant Valley campus to house workforce and community development training programs.

Through state funding cutbacks and general economic downturn, Standard & Poor’s Ratings Services in January 2009 raised its issuer credit rating on STLCC to “AA+” from “AA” based on the district’s consistent maintenance of balanced operations, coupled with planned revenue enhancements and expenditures. Over the past three years, Chance has led a team that successfully contributed $16.6 million to the college’s fund balance/contingency reserve.

Chance is a highly respected member of the Missouri Community College Association Presidents/Chancellors Council. She has served as the chairperson of the council and was a leader in representing community colleges in the statewide discussions regarding higher education funding.

Gary Steffes, vice president for finance at Moberly Area Community College, described Chance as a “leader, facilitator and key financial resource for Missouri community college education. While Carla serves as the unofficial financial adviser for Missouri’s community college CEOs, she also is an invaluable resource and colleague for the business officers of the Show-Me State. She often has played a key role in statewide discussions that have focused on a myriad of funding and reporting issues with Missouri’s Coordinating Board of Higher Education and is tuned into state and federal legislative issues that affect higher education.”

Chance is an active member of the college’s chapter of the American Association of Women in Community Colleges, and is a member of the St. Louis chapter of the U.S. Green Building Council.

Prior to joining St. Louis Community College in 1999, Chance served as the chief administrative officer for six years at Northern Kentucky University, and as an assistant vice president at the school for six years. She holds a juris doctorate from Northern Kentucky’s Salmon P. Chase College of Law. Her master’s degree in higher education is from the University of Kentucky. She received the 2007 Outstanding Chief Business Officer Award from the Community College Business Officers in recognition of effectiveness in the performance of assigned responsibilities, professional involvement, and community leadership, service and involvement.