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June 3, 2003

Frances Marine
Press Secretary
(850) 245-0413

Education Commissioner Jim Horne Announces New Chief Financial Officer of DOE
Newly named DOE CFO Raymond Monteleone to lead Educational Facilities Task Force

TALLAHASSEE — Education Commissioner Jim Horne today announced the appointment of South Florida businessman Raymond Monteleone as Chief Financial Officer of the Florida Department of Education. Monteleone will direct all financial activities for the Department of Education and has numerous operational responsibilities.

"I am pleased to have someone of Ray's caliber on our staff," said Horne. "His breadth of business experience and knowledge of strategic planning and analysis will be a real asset to the Department of Education, as we continue our mission to provide all of Florida's children with a world class education."

Monteleone's responsibilities include budgeting, financial planning and fiscal activities, as well as overseeing student food services, student transportation, educational facilities development and maintenance, the student loan guarantee program, and statewide scholarships and grants. He will serve as Chief Financial Officer for the State Board of Education regarding the sale of Education Capital Outlay Bonds, Chairman of the Consensus Estimating Conferences, and Chairman of the Florida Education Finance Program Appropriation Allocation Conference.

In addition, Monteleone will head up a new Educational Facilities Analysis Task Force, comprised of representatives from schools, colleges, universities, state government, law enforcement, and the private sector. The task force will make recommendations to the State Board of Education relating to educational facilities in the K-20 education system. Specifically, it will recommend alternatives to minimize facilities funding needs, any necessary revisions in the facilities planning and budgeting processes, alternative funding sources, and methods for distributing available resources.

Monteleone has an extensive background in business consulting and management and was a tax business consulting partner with Arthur Young & Company as Tax Director for three South Florida offices. He has held senior management positions with many public and privately-owned enterprises, including Sensormatic Electronics Corporation. He has sat on various Boards of Directors and participated in many community and professional Board activities, most recently as a Commissioner for the South Broward Hospital district. Since moving to Florida with his family in 1977, Monteleone has served on numerous state, county, local, and educational institution boards and advisory groups.