Learn about the Team at City of Dallas including our Chief Financial Officer, City Controller, Assistant Director of Treasury, and Cash and Debt Manager.

Photo of M. Elizabeth Reich

M. Elizabeth Reich

Chief Financial Officer

Elizabeth Reich provides executive leadership for Budget and Management Services, Procurement Services, Information & Technology Services, Risk Management, the City Controller's Office, and the Office of Data Analytics & Business Intelligence. 

Reich began her service as the City of Dallas’ Chief Financial Officer in September 2016. In this role, she was instrumental in brokering a pension compromise that saved the Dallas Police and Fire Pension after years of mismanagement, risky investments, and expansions of already generous features.

Prior to joining the City, Reich enjoyed a 16-year career with the Social Security Administration, including serving as its Chief Financial Officer in 2015. In that role, Reich was accountable for an over $940 billion program budget and an over $11 billion administrative budget.

Photo of Sheri Kowalski

Sheri Kowalski

City Controller

Sheri Kowalski joined the City in May 2018.  She provides leadership for the City Controller’s Office and is responsible for oversight of financial reporting, treasury, accounts payable, payroll, hotel occupancy tax and financial compliance auditing and monitoring.

Prior to joining the City, Kowalski began her career in public accounting and spent 28 years at Children’s Health in various roles including Assistant Controller, Controller of the Foundation and Affiliates, and Sr. Director of Internal Audit. 

Kowalski holds a bachelor’s degree in accounting from Southern Methodist University and a master’s degree in finance from the University of Texas at Arlington.  She is a Certified Public Accountant, Certified Internal Auditor and a Certified Information Systems Auditor.

Photo of Jenny Kerzman

Jenny Kerzman

Assistant Director of Treasury

Jenny Kerzman has recently been appointed as the City’s Assistant Director of Treasury.  She is responsible for overseeing the areas of cash and debt management, banking services, and the administration of the City’s $2.5 billion investment portfolio.

Kerzman started her government career with the City of Arlington and served as the Assistant City Treasurer for the City of Fort Worth for over 10 years.  In addition to her municipality experience, Kerzman has worked for multiple private companies including Crescent Real Estate Equities, CEC Entertainment and Bimbo Bakeries USA.

Kerzman is a graduate of Texas Wesleyan University and is a Certified Treasury Professional (CTP).  She is an active member of the Fort Worth Association for Financial Professionals (FWAFP) and has served on different board positions, including President and Treasurer.  She also served as Chairman of the Texpo Treasury Conference in 2011 and most recently as Treasurer in 2021.

Filicia Hernandez

Cash and Debt Manager

Filicia Hernandez joined the City of Dallas in March 2013 and has served as Cash and Debt Manager since July 2017. Hernandez oversees all long-term debt activities, including the management of nearly $5.5 billion in outstanding debt, debt issuances, post-issuance compliance, debt budgeting and accounting, as well as rating agency and investor relations. Hernandez has prior municipal experience with the City of Grand Prairie and Tarrant County.

Hernandez received her undergraduate from Texas Christian University and a master’s in public administration from the University of North Texas.