Henrico County has appointed Meghan F. Coates director of the Department of Finance, effective Saturday, Aug. 1.
Coates joined the county staff in 2019 as deputy director of Finance and most recently served as acting director of the department. She will succeed Edward N. “Ned” Smither Jr. in the position. Smither had led the department since 2017.
Coates was key to the county’s efforts this spring to navigate a $99 million shortfall — brought on by the sudden economic downturn due to the COVID-19 pandemic — as Henrico was beginning its budget process for the 2020-21 fiscal year.
As director, Coates will head an agency with more than 160 employees and a budget of $13.7 million for the 2020-21 fiscal year. Finance comprises the divisions of real estate assessment, treasury, management and budget, accounting, purchasing and revenue. Among its scope of duties, the department prepares and administers the county’s operating and capital budgets and Comprehensive Annual Financial Report; reviews, assesses, bills and collects taxes, licenses and fees; assesses real estate and certain personal property; and purchases goods and services for general government departments and Henrico Schools.
Coates also will serve as commissioner of revenue and treasurer for the county, as prescribed by the Code of Virginia.
Prior to coming to Henrico, Coates held several positions with Chesterfield County, including budget analyst, budget manager and director of budget and management. She earned a bachelor’s degree from Roanoke College and a Master of Science from Virginia Commonwealth University. Coates is the mother of two daughters.