Gary Shontz

Adjunct Instructor of Accounting




Education

Specialist in Education Degree, University of Northern Iowa; Master of Arts in Education Degree, University of Northern Iowa; Bachelor of Business Administration Degree, University of Iowa


Teaching Interests

Principles of Financial Accounting, Principles of Managerial Accounting, and Government and Not-for-Profit Accounting


Responsibilities

Gary Shontz served as Controller, University Secretary, and Treasurer of the University of Northern Iowa for 42 years, retiring in 2016. He also served as Vice President of the University of Northern Iowa Foundation. Prior to working for the University, Shontz was employed by the Office of Auditor of State as an audit manager. Shontz was responsible for establishing and maintaining the University of Northern Iowa's accounting systems, internal and external financial reporting, coordinating external audits with the Office of Auditor of State, cash and investment management, short-term and long-term debt issuance and management, and ensuring the University complied with Chapter 22 of the Code of Iowa regarding open records and transparency.

Shontz is Chairman of the Board of the UNI Credit Union, Secretary of the New Hartford Lions Club, and a Director of the Waterloo-Cedar Falls Chapter of the Institute of Management Accountants. Previous service includes serving as a member and President of the Dike-New Hartford Board of Education, Treasurer of the UNI Foundation, and Treasurer of the UNI Alumni Association.


Professional Accomplishments

Shontz received the Government Finance Officers Association of the United States and Canada's Certificate of Achievement for Excellence in Financial Reporting for the University of Northern Iowa's Comprehensive Annual Financial Report annually for 24 consecutive years beginning with the fiscal 1992 CAFR. There is only one university in the country that received the GFOA award for a longer period of time. The GFOA's Certificate of Achievement program was developed to encourage and assist public universities to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure. Financial reports submitted to the CAFR program are reviewed by members of the GFOA's professional staff and the GFOA's Speical Review Committee, which is comprised of individuals with expertise in public sector financial reporting including financial statement preparers, independent auditors, academics, and other finance professionals.

Shontz was awarded the Staff Excellence Award by the Board of Regents, State of Iowa in 2001. In 2011, he received the Eunice Dell Award for making a difference at the University of Northern Iowa.

Shontz has served as an adjunct instructor at the University of Northern Iowa in both the Finance Department where he has taught corporation finance, principles of investments, and personal finance, and the Accounting Department where he teaches principles of financial accounting, principles of managerial accounting, and government and not-for-profit accounting.


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