Longtime Controller Dave Tolman named ITD’s Chief Administrative Officer

BOISE – Longtime ITD financial guru Dave Tolman will become the department’s new Chief Administrative Officer (CAO), replacing retiring CAO Char McArthur. Tolman has worked in state government for 32 years, including the last 20 years with ITD as Controller.  He will oversee ITD’s Business and Support Management unit, plus Financial Services, Financial Planning and Analysis, and Internal Review.

Tolman has been responsible for financial reporting, revenues, expenditures, payroll, and cost accounting. For the past two decades, Dave has been the finance lead for the GARVEE and TECM bond programs and is knowledgeable in business processes and policies for all ITD programs.

Beyond his role at ITD, Tolman currently serves on the State Controller’s Office Fiscal Policy Advisory Committee, Access Idaho Steering Committee for the State of Idaho, and AASHTO’s standing Committee on Funding and Finance. Nationally, he is well known for his financial acumen and is the sought-after expert in GARVEE bonding activities across the country.

Prior to joining the department, Dave worked for the Idaho Division of Financial Management and the Idaho State Controller’s Office. He holds a Bachelor of Science in Finance from Brigham Young University and a Masters of Business Administration from Boise State University.

“Dave is an exceptional leader with unmatched knowledge of state financial management,” said ITD’s new Director, Scott Stokes. “He is also very attentive to the needs of his staff and invests in giving them opportunities to grow.”

Tolman steps in as the new CAO at a crucial time, providing valuable experience and guidance in the investment and utilization of additional funds provided by the Governor and Idaho Legislature to modernize Idaho’s transportation system and help deliver on an unprecedented program.

“I feel fortunate to have a compassionate, supportive, and capable leader like Dave joining ITD’s Executive Team,” said Stokes. “Dave will help guide our decision-making as we navigate the future.”

Tolman is excited about his new role:

“I am excited about the opportunity to serve the department and our customers,” said Tolman. “It’s an exciting time at ITD, as we have an unprecedented opportunity to invest wisely in the state’s vast transportation infrastructure.”