CECIL J. DUNAGAN, CPA (Inactive)

**** ******* ****** *** *****, CA 92122 858-***-**** ad1cqw@r.postjobfree.com

SENIOR EXECUTIVE

FINANCIAL MANAGEMENT

CAREER SUMMARY

Extensive experience in Finance/Accounting management with expertise in:

ERP Systems

Internal Controls

Reporting Systems

CBO Development

Strategic Planning

Payroll and Benefits

Analysis

Budgets

Modeling

Investor Relations

Policies and Procedures

Systems Migration

Point Loma Trust and Elite Athlete Services, LLC, San Diego, CA 2016 – 6/2021

A 501(c)(3) entity operating the Chula Vista Olympic Site serving Olympic and other elite athletes, both national and international.

Chief Financial Officer

Established and led the operational finance and accounting functions.

Designed and implemented systems and reporting for operational phase

-Designed and implemented accounting systems, budgets and internal controls

-Recruited and hired accounting, finance, HR and analysis staff members

-Developed and implemented operational budgeting and variance analysis processes

-Designed, set up and implemented policies and procedures (SOP’s)

Installed and implemented QuickBooks accounting system

Established management reporting systems

Guided company through Covid 19 crisis, including obtaining in excess of $1.400,000 in funding under PPP and EIDL programs from the SBA and $635,000 in ERC funding

Medical/Business Financial Consultant San Diego, CA 2016

Consulting services provided to smaller medical practices and various other companies—usually acting as a CFO to implement strategic changes, system upgrades and restructure accounting/finance systems.

Strategic planning and modeling

Designed and implemented systems of accounting and internal control

Researched and installed ERP systems

Reviewed tax and accounting implications of proposed projects

Provided business consulting on business plans, banking, payroll, etc.

Washington Township Medical Foundation, Fremont, CA 2013 – 2015

A large, rapidly growing, multi-specialty medical practice serving the Fremont area currently made up of more than 100 physicians and mid-level providers in multiple clinic sites. Sponsored by and associated with Washington Hospital, a hospital district operating in Alameda County.

Interim Chief Financial Officer

Led the reorganization of operational finance, accounting, medical coding and billing functions to increase revenues, decrease costs and greatly improved management reporting.

Strategic planning and modeling for new practice acquisitions

Re-designed and implemented systems of accounting and internal control

Revised chart of accounts and installed ERP systems upgrades

Designed and implemented productivity/performance tracking/reporting at the physician (WRVU’s) and location levels.

Installed benchmarking and performance metrics both for physicians and also for the Central Business Office (billing).

Palomar Health Medical Group, Poway, CA 2011 – 2013

A large, award winning, multi-specialty medical practice serving San Diego County that was made up of more than 80 physicians in multiple clinic sites and projected to continue growing. Sponsored by and associated with Palomar Health, a hospital district, with three-hospitals, operating in San Diego County and associated with Sharp Community Medical Group. Approximately 60% managed care and 40% fee for service with revenues greater than $50M annually.

Chief Financial Officer (Started as a financial and revenue cycle consultant)

Led the reorganization of operational finance, accounting, medical coding and billing functions to increase revenues, decrease costs and greatly improved management reporting.

Negotiation, due diligence, strategic planning and modeling for new specialty practice acquisitions

Re-designed and implemented systems of accounting and internal control

Revised chart of accounts and installed ERP systems upgrades

Brought the Central Business Office (CBO) in house, increasing collections by more than 33%

Designed and implemented productivity/performance tracking/reporting at the physician (WRVU’s), pod and location levels.

Installed benchmarking and performance metrics

Oversaw health plan contracting, supply chain, facilities, accounting/finance and human resources

Medical/Business Financial Consultant San Diego, CA 2008 – 2011

Consulting services provided to smaller medical practices and various other companies—usually acting as a CFO to implement strategic changes, system upgrades and restructure accounting/finance systems.

Strategic planning and modeling

Designed and implemented systems of accounting and internal control

Researched and installed ERP systems

Reviewed tax and accounting implications of proposed projects

Provided business consulting on business plans, banking, payroll, and etc.

South Bay Expressway, LP, San Diego, CA 2006 – 2008

A toll road developer, builder and operating organization created by the first public/private partnership resulting in a toll road serving residential and commercial traffic in the South Bay.

Project CFO & Director – Finance & Administration

Established and led the operational finance, accounting function chartered to handle revenues of $25M in the first year of operation.

Designed and implemented construction job costing system for $850 million toll road construction project

Structured financial systems and financial reporting for operational phase

-Designed and implemented accounting systems, budgets and internal controls

-Recruited and hired accounting, finance, HR and analysis staff members

-Developed and implemented operational budgeting and variance analysis processes

-Designed, set up and implemented policies and procedures (SOP’s)

Installed and implemented Great Plains/Dynamics accounting system

Represented company with city and county officials, local authorities and civic groups

Member of executive management/strategic planning team

SeaSpace Corporation, Poway, CA 2005 – 2006

Subsidiary of a publicly held company providing integrated software and hardware for satellite data collection to the scientific community for weather and environmental applications.

VP – Finance (CFO)

Restructured financial systems and reporting of the company

-re-designed and implemented systems of accounting and internal control

-brought company into compliance with Sarbanes-Oxley and remediated all deficiencies

-Set up and implemented work in process inventory system and costing system

Designed and implemented management reporting systems to assist CEO in management of the company

Installed and implemented Great Plains/Dynamics accounting system

Financial Consultant San Diego, CA 2002 – 2005

Consulting services provided to various companies, usually acting as a CFO to implement strategic changes, system upgrades and restructuring of accounting/finance systems.

Strategic planning and modeling

Designed and implemented systems of accounting and internal control

Reviewed tax and accounting implications of proposed projects

eGAD! Software, Inc. La Jolla, CA 2000 – 2002

A start-up company designing cutting edge simulation software for private and military users on PC and handheld platforms.

CFO

Directed all phases of accounting/finance

Headed up fund-raising and investor relations

Reduced number of offices, downsized staff, outsourced R & D engineering efforts and cut the burn rate to a minimum while directing major portion of resources toward the completion of the product.

Raised an additional $500,000 from angel investors during down-market.

Designed and implemented systems of accounting and internal control

Financial Consultant 1999 – 2000

Various consulting engagements with Deloitte Touche and other independent engagements—mainly focused on internal controls and accounting systems for credit card issuers.

Credit Store, Inc. Sioux Falls, SD 1995 – 1999

A publicly held sub-prime credit card issuer/servicer who also securitized traunches of seasoned credit card accounts.

VP – Finance/CFO

Directed accounting, SEC reporting, finance, facilities and human resources

Designed and implemented consolidated general ledger accounting, credit card reporting, remittance, settlement and collection systems for sub-prime credit card issuer/servicer

Reduced reportable losses by 50%+ over conventional methods through legitimate, innovative approach to revenue recognition that was accepted by the SEC

Reallocated inter-company costs resulting in lowering tax liability by $350K and preserving cash reserves.

Responsible for acquisition of five mortgage companies for stock, saving more than $3 million dollars

Heavily involved in corporate mergers/acquisitions, investor relations and reporting, systems design, S1 filing, SEC reporting and accounting/finance policies

Mission Bay Investments, San Diego, CA 1994 – 1995

A holding company involved in the off-shore manufacturing of electronic organs, retail sales (17 stores) of electronic keyboards, pianos and organs and financing the sales of such instruments

Executive VP/CFO

Down-sized the company’s retail operations from 17 stores to 1

CEO of a captive credit/collection company. Negotiated a workout with bank that allowed company to collect contracts for the bank and make over $3.5 million. Installed credit scoring process and restructured operations

Negotiated with bank, creditors and landlords in reorganization. Purchased inventory with an $800,000 value for $4,000 as part of the workout with bank

Palmac Corporation, Escondido, CA - TEMPORARY ASSIGNMENT AFTER OWNER’S DEATH 1992 – 1993

General Manager/CFO

Reorganized business, established policies and procedures to increase sales, accounts receivable, tax records and reconstructed historical records. Managed operations, human resources and accounting. Results: sales and cash flow increased by 25%.

Positioned company for and facilitated acquisition by another corporation.

Dunagan, Yee, Maseloff, Berry & Company, Phoenix, AZ 1981 – 1992

A full-service CPA firm offering audit/accounting services, tax and business planning.

Founder/President

Established and grew firm to four partners and 15 professional staff. Responsible for day-to-day operations, client development, quality control and human resources

Performed certified audits, prepared corporate/partnership and individual income taxes, represented clients before IRS, testified in court as expert witness, performed forensic accounting, designed systems and controls for clients, participated in IPO’s as outside accountant

EDUCATION – William P. Carey School of Business

Arizona State University, Tempe, AZ

BS – Accounting

PROFESSIONAL CERTIFICATION - Certified Public Accountant – Inactive (California)

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