Board of Trustees


CSAFE Board of Trustees

CSAFE is governed by a Board of Trustees consisting of ten members that has full, exclusive and absolute control and authority over the business and affairs of CSAFE and its assets, subject to the rights of the Participants as provided by the Indenture of Trust. The Trustees serve staggered three-year terms.

Alan Krcmarik Chairman

Alan Krcmarik


Alan Krcmarik is the Executive Fiscal Advisor and is responsible for investments for the City of Loveland. He has served in municipal government for over 30 years, starting out with the Pueblo Area of Council of Governments, then becoming the Senior Policy Analyst for the City and County of Denver; moving his family North to the City of Fort Collins as the Executive Financial Officer for a number of years until taking on his current position in Loveland about 10 years ago. Alan has been very instrumental in the downtown development of Loveland and a strong advocate of CGFOA. Alan was apppointed to the CSAFE Board of Trustees in April 2007.

Brenden Morgan Treasurer

Brenden Morgan

Vice Chair

Brenden Morgan has been the Senior Manager of Debt & Investments at RTD for the past 5 years. He previously served as Senior Financial Analyst for Jefferson County for 8 years. Prior to his roles in Colorado local government, Brenden worked in corporate finance and the financial services industry. Brenden is an active community member having served in local roles such as, a member of the Fiscal Oversight Committee for the Douglas County School District, and a Cub Scout leader. He was appointed to the CSAFE Board of Trustees in 2013.

Jeff Hansen Director

Jeff Hansen


Jeffrey A. Hansen has been Finance Director for the City of Golden since January 2003, where he oversees the accounting, budgeting, and finance operations of the City, as well as the fleet and municipal court functions. Mr. Hansen attended Colorado State University, where he studied Accounting and received his B.S. degree in 1984. Prior to his work at Golden, Jeff was the Finance Director at the Town of Castle Rock. He has also worked at the City of Longmont and the City of Lafayette in roles including Accountant, Senior Accountant, Utility Billing Supervisor and Chief Accountant. Jeff is a Certified Public Finance Officer and a member of the Government Finance Officers Association (GFOA) and the Colorado GFOA (CGFOA). He was President of CGFOA in 2004 and served on the executive board from 2003-2005. In 2007, he was named CGFOA’s Finance Officer of the Year. Mr. Hansen currently serves on various committees for the Colorado Municipal League (CML) and CGFOA and is also on the GFOA CAFR Review Committee. He has presented several times for CML, GFOA and CGFOA at their annual conferences and educational workshops. Jeff served on the Board of Directors of the Foothills Animal Shelter. Mr. Hansen coached youth basketball for many years and also spent six seasons coaching boys basketball at Longmont High School. He is currently a certified high school basketball referee and has officiated two state championship games.

Sue Sandstrom Director

Sue Sandstrom


Sue Sandstrom is currently the Arapahoe County Treasurer and was elected for a second term in November 2014. Prior to becoming Treasurer, she served on the Aurora City Council for 8 years, currently serves on four pension boards, the Colorado Public Plan Coalition, and was recently appointed to the board of Community College of Aurora Foundation. Sue is also an accomplished CPA and has had her own accounting business for over 20 years. She was appointed to the CSAFE Board of Trustees in October 2014.

Jerry DiTullio Trustee

Jerry DiTullio


Jerry was appointed to the CSAFE Board of Trustees in 2019. For more than 30 years Jerry has been a resident of Jefferson County and the City of Wheat Ridge with his wife Julie and their two children. Jerry was elected Jefferson County Treasurer in November 2018. Jerry’s Bachelor of Science Degree in Computer Science & Management is from Metropolitan State University. He earned an MBA from Regis University and also a Master’s in Education (M.Ed.) from Regis University in 2016. Over the years, Jerry changed careers by his own choice. He believes, “It is always in one’s best interest to keep re-inventing yourself. It helps keep your mind clear and open.” Jerry has owned a software consulting company and a coffee shop in Wheat Ridge. Additionally, he worked as a commercial banker and taught special education classes in Jefferson County Public Schools at Wheat Ridge High School. For the last 23 years Jerry was involved with city government in Wheat Ridge and the metro area. He was first elected to City Council in 1995 after running and losing twice to incumbents in 1991 and 1993. In 2015 he was elected City Treasurer.

Byron Jefferson


Byron has been in the finance field for over 30 years, with the past 25+ on the governmental side. He has spent the past 6 years at South Adams County WSD as the Finance and Administration Services Manager. Prior to that Byron had stops at City of Aurora, City of Westminster, and the Denver Water Department. Byron has been active for the past 15+ years with CGFOA, serving as a board member and on the education committee. The bulk of his experience is on the treasury side of finance, particularly in investments and debt administration and carries a current Certified Treasury Professional designation. Byron currently serves on the Board of Trustees for the Colorado Surplus Asset Fund Trust (CSAFE), local government investment pool.

Aneta Retig Director

Molly Kostelecky


Molly has over 20 years of accounting and finance experience. Twenty of those years has been with various types of governments; including state, municipal and special districts. She is currently Director of Administrative Services of Metro Wastewater Reclamation District and previously served as the Finance Director for the Town of Erie and Assistant Finance Director for the City of Longmont. In these roles, she has actively worked with fixed income investment managers to manage the investment portfolios as large as $350 million. Molly is an active participant in Colorado Government Finance Officers Association (CGFOA) and Government Finance Officers (GFOA). Molly holds a BA in Business from Oregon State University and is a licensed CPA.

Jonathan Levesque


Jon was appointed to the CSAFE Board in 2020. He earned a Bachelor of Science in Accounting in 2004 and Master of Accountancy in 2005 from the University of Denver. After graduation, Jon started his career in public accounting with KPMG and then corporate accounting with JBS. In 2010, he joined Littleton Public Schools as a Staff Accountant, progressed to Accounting Manager, and now serves as Assistant Director of Finance. Through his work, Jon serves as a voting member on the Financial Policies and Procedures Advisory Committee (FPP) and Education Data Advisory Committee (EDAC), both within Colorado Department of Education. Jon is a member of the Colorado Government Finance Officers Association (CGFOA). On a personal note, Jon serves as the Board Treasurer for Scholars Unlimited, a non-profit helping metro Denver students build literacy skills.

Aneta Retig Director

Aneta Rettig


Aneta Rettig is a Finance Manager in the Finance Department of Denver Water, the largest Colorado water utility. Aneta holds a MBA degree in Finance and Accounting from the University of Hawaii at Manoa and a Master's Degree in Finance from the University of Economics in Pozna, Poland. Aneta is a member of CFA Society of Colorado since 2006 and was awarded the CFA charter in 2009. Aneta also holds Accredited Investment Fiduciary designation and Certified Treasury Professional designations. She was appointed to the CSAFE Board of Trustees February 2017.

Jay Valentine Director

Jay Valentine


Jay Valentine has been with the City of Grand Junction since 1999 and currently holds the position of Director of General Services. While with the City Jay has also held the positions of Accounting Supervisor, Financial Operations Manager and Deputy Director of Finance. His current responsibilities with the City include budget development and capital planning, investment and debt management, and managing the divisions of Fleet Operations, Facilities, Purchasing and the operation of the two city owned golf courses. Jay's bachelor's degree in Finance is from the University of Northern Colorado and his master's degree in Public Administration is from the University of Colorado. While at the University of Northern Colorado he participated in Track and Field and was inducted into the school's Sports Hall of Fame in 2011. Jay serves on the Board of Trustees for the Colorado Surplus Asset Fund Trust (CSAFE) local government investment pool. Jay has 2 children; a daughter age 21 who will graduate from the Colorado School of Mines in May 2019 and a son age 17. In Jay’s spare time he serves as the Head Cross Country Coach and Assistant Track and Field Coach for Fruita Monument High School.