David E. Sundstrom, Board Member

David E. Sundstrom was reappointed for a second term on the GASB effective July 1, 2014.  His second and final term concludes on June 30, 2019.  He began his first term on the Board on July 1, 2009. In December 2011, he was appointed by the Sonoma County Board of Supervisors to fill the remaining term of the retired auditor-controller, treasurer-tax collector. As auditor, he oversees how the public’s money is collected and spent and monitors the county’s systems of internal control. As controller, he is responsible for the financial administration of a $1.3 billion budget, from line item budget preparation through financial reporting. As treasurer, he facilitates the issuance of municipal bonds and safely invests $1.6 billion in public funds held within the county’s multi-agency and district investment pool. As tax collector, he is responsible for the efficient collection of local property taxes from 220,000 annual tax bills. He also serves as a trustee of the Sonoma County Employees’ Retirement System helping to oversee a $2.2 billion investment pool.

Following Orange County’s bankruptcy in 1995, Mr. Sundstrom joined the county as its first director of internal audit and helped lead the county’s recovery. He was then elected as the county auditor-controller in June 1998 and was subsequently reelected for three additional four-year terms. Mr. Sundstrom was the university auditor for the California State University System from 1989 to 1996 and was campus audit manager for the University of California-Davis from 1980 to 1989. Prior to public service, he worked as a senior accountant in a regional accounting firm, auditing cities, labor unions, and federal grants awarded by the United States Department of Labor. He is a member of numerous professional and community organizations, including the California State Society of Certified Public Accountants, the American Institute of Certified Public Accountants, and the Government Finance Officers Association. Mr. Sundstrom received his bachelor’s degree in management from Sonoma State University and his master of administration degree in finance accounting and management information systems from the University of California-Davis.

Mr. Sundstrom’s current term on the GASB concludes on June 30, 2019.