Finance Division Management Team

Laura M. King
Vice Chancellor -
Chief Financial Officer
651-297-5579
Laura joined the Minnesota State Colleges and Universities system on October 28, 1996. She was Commissioner of the Minnesota Department of Finance from 1994-1996 and before that appointment she served as Assistant Commissioner and State Budget Director.
Her accomplishments include leading the administration's successful efforts to return the state to financial health with four balanced budgets, capital and operating budget reforms, and restoration of the state's rainy day fund. She holds a master's degree in business administration from the University of St. Thomas and a bachelor of arts in psychology and statistics from the University of Minnesota.

Judy Borgen
Associate Vice Chancellor for Budget
651-296-3544
Judy joined the Minnesota State Colleges and Universities system on July 1, 1995. She had previously been with the Minnesota State University system for 8 years. Prior to 1987, she served as a higher education executive budget officer with the Department of Finance for 11 years. Her current activities include helping to develop the FY2008-2009 biennial budget. She holds a bachelor's degree in business administration from Augustana College in Sioux Falls, SD.

Tim Stoddard
Associate Vice Chancellor for Financial Reporting
651-297-1309
Tim joined the Minnesota State Colleges and Universities system on June 18, 2003. He previously was employed with Andersen/Arthur Andersen LLP in Chicago Illinois for over 25 years. Tim has had extensive experience in management, auditing, financial reporting, tax issues, and federal government contracting. He received a bachelor's degree in business administration from the University of Iowa. Tim also maintains Illinois Certified Public Accountant credentials.

Allan Johnson
Associate Vice Chancellor for Facilities
651-282-5523
Al joined the Minnesota State Colleges and Universities system on March 30, 1998. He previously served as an Airport Affairs Director for Northwest Airlines and administrator with the Florida Department of Environmental Protection. He has over 30 years of broad management experience in facilities and utilities management; environmental protection; facilities planning, design, and construction; contract administration; financial management and personnel administration, most of which was gained as a commissioned officer in the Navy's Civil Engineer Corps. He holds a master of science in civil engineering from the University of Michigan, a bachelor of science in electrical engineering from Polytechnic University of New York, and is a registered professional engineer.

Kevin Marsh
Director of Financial Planning
651-296-7506
Kevin joined the Minnesota State Colleges and Universities system on June 16, 2004. He previously served as a Lease Specialist in the Minnesota Department of Administration and four years as the Director of Education for the International Association of Culinary Professionals. Kevin also has 16 years of broad management experience in property-casualty underwriting, financial management, facilities management, technology management and human resources with SAFECO/American States Insurance. He received a bachelor's degree in Business Administration from Indiana University and has been designated a Real Property Administrator by the Building Owners and Managers Institute International, a Chartered Property Casualty Underwriter by The American Institute for Property and Liability Underwriters, and an Associate in Management by the Insurance Institute of America.

Wendy Madsen
Office Services Manager
651-282-2548
Wendy Madsen joined the Office Services Division as office services manager on December 19, 2005. Wendy was previously employed for more than 20 years with HB Fuller as a facility manager and global sourcing specialist. Her experience includes facilities management, capital project management, relocation coordination, supplier relations and contract administration. She has held numerous board positions with Executive Women International and International Facilities Management including serving as chapter president for both professional organizations. Madsen received a bachelor's degree in International Business from Metropolitan State University in 2005.

