Candidate Profile: Frank Dutches

Frank Dutches

Frank Dutches

Political Party: Republican

Running for: Town Treasurer

Education: BS Business Administration – Seton Hall University

Military experience: United States Marine Corps – Captain – four years active duty.

 Work experience: Burroughs / Unisys Corporation – Vice President

I spent 35-plus years in the corporate business environment, serving in senior level executive positions.  I held a variety of US and Global assignments. I had responsibility and accountability for large teams and multi-million dollar revenue and expense budgets.

Political experience: Currently Treasurer for the Town of Monroe

Community experience: 34-year Resident of Monroe – raised my family in Monroe with both sons going through the Monroe Public Schools – Coached Little League Baseball – Coached and was a member of the boards of both Monroe AYSO and Monroe Travel Soccer – I’m a Certified Elections Moderator assisting in the election process for the last 6 years – I served 2 terms on and as Vice Chair of the Monroe Parks and Recreation Commission

Family: Wife Debra, two married sons Tom and Jim along with two granddaughters Sophie and Alyssa

What makes you a great candidate for treasurer? 

I bring a wealth of real-world life experience to the position. As a longtime resident I understand the variety of needs from families with school-age children to those of our seniors.

As the current Town Treasurer over the last 15 months, I’ve been able to accomplish a considerable amount on behalf of the Town of Monroe:

  • Significantly increased the town’s investment income. Was able to leverage rising interest rates and diversification of our investment portfolio to increase investment income by about $2,000,000 in FY 23. This contributes to minimizing tax increases and maintaining a strong bond rating. FY 24 is on a similarly strong trajectory.
  • Reduced the town’s exposure to non-FDIC insured deposits in our banking accounts. Working with our primary bank and taking advantage of additional deposit options we eliminated about $1,000,000 of potential exposure; now all the town’s bank deposits are 100% FDIC insured.  In making this change we also significantly increased the interest we receive in those accounts.
  • I have been able to leverage my business background to work with the Finance Department and First Selectman to improve and streamline the approval process for budgeted expenses. This helps ensure we take advantage of early payment discounts and avoid late charges, while ensuring timely processing of department business requirements to better serve the residents of Monroe.

I look forward to building on these accomplishments and moving forward.

As a military veteran I have always understood we all have an obligation to serve where we can.  At this point in my life, I think I can best serve the residents of Monroe as Town Treasurer. I bring no agenda to the position other than to serve my friends and neighbors for Monroe.

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