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Finance Department
Gregory Cingle, Director
216-433-1300
gcingle@cityofbrookpark.com
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Life long resident of
Brook Park
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Current Finance Director
of Brook Park (11 Years)
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Sixteen years Accounting Experience
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Graduate of Baldwin
Wallace College and Midpark High School
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Member of Ohio Society
of C.P.A’s; and AICPA
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Member National and Ohio Governmental Finance Officers Association
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Member Municipal Finance
Officers Association currently serving as President
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Member Ohio Municipal League
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Volunteer Treasurer of
Berea City School Educational Community Fund
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Received Certificate of Achievement for Excellence in Financial Reporting
from the National Governmental Finance Officers Association for the past
10 years in office
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State Auditor's Award
recognizing financial reporting excellence the past 10 years in office
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From the Newsletter
Audit Update
The audit for fiscal year ending December 31, 2007, began
in late December of last year.
The audit once again will be conducted by the firm of James G. Zupka,
CPA, who is in the final year of a five year contract to audit the
financial records of the City. We anticipate that the audit process will
last until approximately May. We will keep the residents updated as to
the results of the audit in the next City newsletter.
Awards
The Certificate of Achievement for Excellence in
Financial Reporting has been awarded to the city of Brook Park by the
Government Finance Officers Association of the United States and Canada
(GFOA) for its Comprehensive Annual Financial Report (CAFR) for the
fiscal year ending December 31, 2006. The Certificate of Achievement is
the highest form of recognition in the area of governmental accounting
and financial reporting, and its attainment represents a significant
accomplishment by a government and its management.
Revenues & Expenditures
For the period ending December 31, 2007, total revenues
for all funds(including transfers) were $65,689,587. Total expenditures
for all funds (including transfers were $64,226,395. General Fund – For
the period ending December 31, 2007, total revenues for the General Fund
(including transfers) were $22,687,722. Total expenditures for the
General Fund (including transfers) were $24,056,821. The General Fund
accounts for many of the expenditures needed to operate the City, i.e.
salaries, benefits, utilities, communications, professional services,
salt, contracts, etc.
2008 City Budget
At the time of writing this newsletter, City Council was in the process
of reviewing the
annual budget. Due to the recent cutbacks at Ford Motor Co. and other
economic factors that have a significant impact on the budget, such as
increases in salaries and benefits, escalations of utility costs and
sustainability of $3.00 a gallon gas prices, the projected revenues will
not keep pace with the projected operating costs of the City. The
projected structural deficit will be subsidized with cash balances.
However, cash balances are not a perpetual revenue source for the City.
With that said, substantial changes to the business model of the City
will be required. The entire operation of the City will continue to be
reviewed to identify cost savings, and continued economic development
will be necessary to generate revenue to support City services and
infrastructure upgrades that the residents of this community deserve. We
will keep you updated on the budgetary process and current economic
factors affecting our community in future newsletters.
City Website (Finance Section)
The above mentioned CAFR along with financial reports,
the same reports that are distributed to the Mayor, City Council and
administrative department heads, can now be viewed online. Log on to
www.cityofbrookpark.com and click the Finance Department link to access
these reports.
Questions
If any resident has a financial question in regards to
the City, or even on a personal level,
please call the Finance Department at (216) 433-1300. We will gladly try
to assist you.
Have a happy and enjoyable spring season.
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FINANCIAL REPORTS
Click Here For Archived
Financial Reports
Annual Reports
Comprehensive Annual
Financial Report 2006
Comprehensive Annual
Financial Report 2005
March 2008 Reports
Appropriations
Revenue
Fund
Balance
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