ALLISON CHANCE, BEDFORD HEIGHTS FINANCE - (440) 786-3223
Allison Chance is the Finance Director and for 20 consecutive years our Finance Department has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers’ Association of the United States and Canada. All of the City’s financial activity is processed, recorded and reported by the Finance Department. This includes the receipt of all money owed to the City, and the payment of all money the city owes to suppliers, contractors, employees, lending institutions and other governmental units. The Finance Department’s major areas of responsibility include budget management, payroll, benefits, purchasing, insurance, assets, accounting, debt management, investments and financial reporting.
The Finance Department works closely with all other city departments in processing money collected. It records and deposits receipts, and pays all the bills for the City departments in accordance with the laws governing the expenditure of taxpayer money. Various reports are then prepared such as cash basis receipts and expenditures, and accrual basis revenues and expenditures. One report that is prepared on an annual basis is the Comprehensive Annual Financial Report (CAFR). This report is subject to an annual audit by the State of Ohio or an accounting firm approved by the State.
Business Registration Form 48 (rita) for New Businesses to Bedford Heights
Internal Revenue Service Forms
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Where does the money come from? |
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City Income Taxes |
35.0% |
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Real Estate Tax & Personal Property Tax & CAT Tax |
17.9% |
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Correction Fees/Charges |
14.0% |
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Grant Funds (CDBG, Issue 2, COPS, LLEBG Miscellaneous Revenue & Investment Income |
12.0% |
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Sewer User Charges & Tap In Fees |
11.0% |
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Permits, Fines, Charges for Services, Ambulance Fees, Community Center Fees |
4.5% |
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Other State/Local Taxes |
2.7% |
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Gas & Motor Vehicle Taxes |
2.7% |
Where does the money go?
SAFETY – Security of Persons and Property – Police, Fire, Dispatch, Animal Control, School Guard, Street Lighting, Auxiliary Police, Corrections 44.4%
SERVICE – General Governmental Activities, Public Service, Storms & Sanitary Sewer, Transportation, Debt Service and Building & Housing Departments 46.2%
COMMUNITY – Leisure Time Activities and Senior Citizens Programs 9.4%
Regional Income Tax Agency Eservices
RITA E-Newsletter - February 2011
