2012 Budget Summary - Chicago Park District

ComptrollerThe Office of the Comptroller consists of four divisions that provide financial services to parks,departments, employees and vendors: General Accounting, Accounts Payable, Payroll and QualityControls and Review. The Comptroller’s Office maintains the financial integrity of the District and itscommitment to sound business practices and financial policies. Our office collects data and coordinates,manages and records all financial transactions for the District, in addition to managing the annualfinancial audit and producing the Comprehensive Annual Financial Report (CAFR) Popular AnnualFinancial Report (PAFR).$1,675,000Department ExpendituresAccount 2010 Actual 2011 Budget 2012 BudgetPersonnel Services $ 1,024,599 $ 1,229,795 $ 1,161,456Materials & Supplies $ 15,675 $ 20,305 $ 27,200Contractual Services $ 404,385 $ 356,410 $ 484,530Total $ 1,444,659 $ 1,606,510 $ 1,673,186Personnel FTE 17 18.6 17.0$1,600,000$1,525,000$1,450,000$1,375,000$1,300,0002010 2011 20122011 AccomplishmentsThe Government Finance Officers Association of the United States and Canada (GFOA) awarded aCertificate of Achievement for Excellence in Financial Reporting to the Chicago Park District for itsComprehensive Annual Financial Report (CAFR) for three consecutive years.Implemented the Oracle Fixed Assets module to account for and report on the District’s capitalassets. This monthly process imports all Oracle Accounts Payable data and groups it into the abovementioned categories for financial reporting.Absorbed the grants management function into the Comptroller’s Office to centralize the recording,monitoring and reporting functions for all Federal, State and Local grants. The District is responsiblefor adhering to GASB 33, Accounting for Non-Exchange Transactions, U. S. Government AccountingOffice (GAO) and the American Recovery and Reinvestment Act (ARRA) guidelines in accounting fornew grants and accurately reporting on existing grant revenues and expenditures.Implemented online and electronic pay stubs and direct deposit advices via our website tool.Employees now have access to 3 years of payroll information, including benefit balances and W-2’swhich saves the District money in printing costs and staff time.2012 GoalsTo receive the Government Finance Officers Association Certificate of Achievement for Excellence inFinancial Reporting for the Comprehensive Annual Financial Report and Popular Annual FinancialReport for the year ended 2009.GASB No. 51, Accounting and Financial Reporting for Intangible Assets is effective for the District forfiscal year ended December 31, 2010. Governments must now retroactively account for intangibleassets such as easements, water rights, timber rights, patents, trademarks, and computer software.The Comptroller’s Office will be charged with ensuring the District is in compliance with GASB 51and accurately reporting these assets on the 2010 financial statements.125