Where Money Comes From

The following General Fund financial information summarizes and compares the City’s 2010 and 2009 revenues. The General Fund is the City's primary operating fund and accounts for the majority of City services.  The 2010 and 2009 financial statements were audited by an Independent Public Accounting firm and approved by the Auditor of the State of Ohio. These financial statements are compiled in accordance with  Generally Accepted Accounting Principles (GAAP).

To view the City of Berea's Comprehensive Annual Financial Reports (CAFR's),  please visit the auditor of state's website at: http://www.auditor.state.oh.us/auditsearch/search.aspx

By a significant margin, the primary source of revenue for the City of Berea is  municipal income tax receipts. The City experienced a 5% increase in overall revenue between 2010 and 2009.  The City saw a 7% increase in municipal income taxes over 2009, with Fees, Fines and Permits decreasing 3% and property taxes decreasing over 8%.  The trend is expected to continue with reductions in local government funds and property tax revenues.  Municipal income tax revenues are expected to show a small increase next year.

Revenue (GAAP Basis)  2010  2009 
Income Taxes  $ 10,922,715 $ 10,181,318
Property Taxes   1,573,174  1,713,283
Other Local Taxes   283,047  199,128
Intergovernmental   1,464,417  1,672,591
Charges for Services   573,563  228,671
Fees, Fines, Permits   1,870,709  1,922,101
Other   269,194  219,293
Total Revenue   $ 16,956,819  $ 16,136,385
                                          

Contact Us

Accounts Payables
440-891-3314

Accounts Receivables
440-826-5834

Income Tax Inquiries
RITA: 440-526-0900
1-800-860-RITA (toll-free)
www.ritaohio.com

Payroll
440-891-3303

General Inquiries
440-826-5834

Dana J. Kavander, CPA
Director of Finance 
dkavander@cityofberea.org
440-826-5889

Andrew S.Palcheff, CPA
Assistant Director of Finance 
apalcheff@cityofberea.org
440-891-3434


City of Berea - 11 Berea Commons - Berea, Ohio 44017 - (440)826-5800
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