TED GORDON , FINANCE DIRECTOR - (440) 786-3223
Ted Gordon 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
|Where the money came from (in 2019)?|
|City Income Taxes||44.9%|
|Real Estate Tax & Personal Property Tax & CAT Tax||22.5%|
|Sewer User Charges & Tap In Fees||18.2%|
|Grant Funds / Miscellaneous Revenue & Investment||4.2%|
|Permits, Fines, Charges for Services, Ambulance Fees, Community Center Fees||4.5%|
|Gas & Motor Vehicle Taxes||2.9%|
|Other State/Local Taxes||1.3%|
Where did the money go (2019)?
SERVICE – General Governmental Activities, Public Service, Storms & Sanitary Sewer, Transportation, Debt Service and Building & Housing Departments - 49%
SAFETY – Security of Persons and Property – Police, Fire, Dispatch, Animal Control, School Guard, Street Lighting, Auxiliary Police, Corrections - 42.2%