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NMMI bestows honors on retiring CFO

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Judy Scharmer has been recognized as an honorary alumna of the New Mexico Military Institute.

Judy Scharmer, the retired chief financial officer for the New Mexico Military Institute, has received two honors from the Institute Board of Regents. (Submitted Photo)

She also was given a NMMI Board of Regents Medal.

The regents approved the awards to the former chief financial officer of the Institute, who had worked at the school for more than 20 years and retired with a rank of colonel, during their July 13 meeting.

Maj. Gen. Jerry Grizzle, NMMI president and superintendent, said her work was instrumental to the strength of the Institute and its programs when he made remarks announcing her retirement.

“Her guiding hand in our financial affairs has allowed NMMI to do things that not many, if any, other educational institutions in this state have been able to accomplish,” Grizzle said. “Judy redesigned NMMI’s budgeting and financial systems to conform to our accrediting agency, the Higher Learning Commission, standards. Her singular effort was one of the significant factors in both of our most recent accreditation visits that resulted in the highest possible accreditation award from the HLC.

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“Her record of achievements is of a kind that I would consider ‘foundational,’ the kind that strengthen the business of NMMI and enable us to provide and sustain NMMI strengths in academic, leadership and athletic success of our cadets, faculty and staff.”

Examples he gave of her efforts included planning for renovations and capital projects; managing institutional debt and revenue bonds; conducting “exemplary” audits and oversight of endowments; championing Title IX functions; strengthening hiring practices and supervisor training; revamping student payment systems; converting financial reporting to more modern computer-aided systems; and providing the financial planning necessary to avoid furloughs and layoffs during the pandemic.

After receiving the honor, Scharmer thanked many of her colleagues for all that they taught and contributed to her over the years and recognized the “encouragement and support” of her family.

“I said it over and over again how I loved my job,” she said. “You know what, NMMI served me and served me well.”

Scharmer, also  an accomplished oil painter in addition to being a certified public accountant, will combine her financial expertise with her love of fine art in her new role as chief financial officer of the Georgia O’Keeffe Museum in Santa Fe.

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