Qualifications are More Important than Politics
For too long the position of City Controller has been used as a political stepping stone for those seeking higher office. Just as important, the City Controller position has lacked qualified individuals to manage the City’s finances. This is a betrayal of the peoples’ trust and it is time for a change. Bill Frazer is not a politician; he is an expert in the financial and accounting field and after 39 years of service in the private sector, has decided it is time to focus on serving his community.
A Controller the Voters Can Trust
“The Controller is an elected position and should report directly to the voters, not to the Mayor or to City Council. The office should serve as a watchdog for the taxpayer dollars and not as a rubber stamp. It’s vitally important to make sure that Houston taxpayers are fully informed on a timely basis about all spending programs. I will make sure there is more transparency and easier access to the City’s financial information.”
Our City is in Financial Distress
According to Houston’s annual audited financial statements, the City has ongoing annual losses totaling over $2 billion since 2002, as well as a $2.4 billion deficit in unrestricted net assets. We are one of only a handful of cities with ongoing serious financial results.
Real World Experience is Essential
Given the current financial distress of the City, it is vital for the future of Houston to have strong, qualified and experienced financial leadership for the office of City Controller. Our citizens deserve to be told the truth by someone who is qualified and is a financial accounting and management expert. Mr. Frazer believes that the office of the Controller needs to focus on providing long-term solutions for the financial well- being of the City and its citizens. He is uniquely qualified to provide the leadership that Houston requires at this critical time.
Mr. Frazer has many years of experience in the accounting and financial services industry. From 1991 through 2012 he served as Chief Financial Officer of CB Richard Ellis Capital Markets, one of the world’s leading commercial real estate financial services firms. As a board member of GEMSA Loan Services, a partnership between CBRE and GE Capital Real Estate, he helped form one of the nation’s largest commercial real estate loan management and advisory service companies.
Houston Needs a CPA in the Controller’s Office
Mr. Frazer has been a Certified Public Accountant since 1975. He is a past President of the Houston CPA Society and has served on the Board of Directors of the Texas Society of CPAs for the past 20 years. CPAs must meet stringent educational and professional requirements and are trained to establish effective business operations. They must adhere to strict state licensing guidelines that distinguish them from other accountants and professionals in the financial services industry, and they must abide by a strict code of professional ethics.
Dedicated to the Houston Community
Mr. Frazer is involved in his church and his community. He is a member of St. Martin’s Episcopal Church and has served on its Vestry and is currently a member of its Senior Council. He serves on the advisory committee of the Episcopal Diocese’s Camp Allen. He is actively involved in helping Volunteer Interfaith Caregivers-Southwest provide much needed transportation services to elderly Houstonians who can no longer drive. He has recently joined the Board of Directors of St. James House, a retirement community sponsored by the Episcopal Diocese of Texas to serve those who need housing and critical nursing care in their later years. He believes “that we cannot depend solely on government programs to meet all of the needs of our fellow citizens, but must commit to do our part to make Houston a better place for all.” Mr. Frazer seeks to continue his commitment and dedication to the community of Houston through his candidacy for the position of City Controller.
Native Texan – Proud Houstonian
Mr. Frazer was raised in San Antonio and graduated from the University of Texas at Austin in 1973 with a BBA in Accounting. He began his accounting career in Houston as a staff accountant with Ernst & Ernst. He has been a licensed CPA since 1975. He and his wife Jean, also a CPA, moved into the Ayrshire area 37 years ago. Their two children, Jennifer and Jeremy, attended public schools and graduated from Bellaire High School.
Voters in the City of Houston: Please place more emphasis on qualifications and true transparency than on incumbency or ideology. Join our growing list of supporters, sign up for email updates and join on facebook.