Arche McAdoo, the finance director for the Town of Carrboro, announced his retirement on Nov. 6 after 13 years working with the Town.
Throughout his career, McAdoo has worked in public and nonprofit agencies. He has held several senior-level financial management positions, including at the Baltimore City Solicitor’s Office and the North Carolina Biotechnology Center at Research Triangle Park.
He said the role of a financial officer has evolved throughout the course of his professional career.
“I think initially when I started in my career, the role of the finance officer was strictly debt, limited to all the financial transactions and things," McAdoo said. "Over the years, as the markets changed, and as they changed the management, the finance officers evolved into more strategic planning, policy elements and impact, in addition to all the other financial aspects."
McAdoo, an Orange County native, also received a master’s degree in business administration from the Kenan-Flagler Business School at UNC.
He said one of his proudest accomplishments was expanding Carrboro’s enterprise resource program so more people could access it by creating a comprehensive online approval system. He was also a part of the initial implementation of North Carolina’s Community Development Block Grant Program for non-entitlement cities.
Randee Haven-O’Donnell, a member of the Carrboro Town Council and one of McAdoo’s longtime co-workers, said that because Carrboro does not have the commerce and tax base that their regional partners do, having a fiscally-wise and professional expert is critical.
“He is exceptional at understanding the fiscal challenge and how to build resiliency and creative opportunities for the use of general funds within the Town,” Haven-O'Donnell said.
Haven-O'Donnell said he provided a steady, assured hand during the most trying times of the COVID-19 pandemic and lockdown amid economic uncertainty.