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Brecksville Cit Council
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Laura Redinger, Dominic Caruso
President Vice-President
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A.J. Ganim Daryl Kingston Ann Koepke
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Beth Savage Brian Stucky
CITY OF BRECKSVILLE, OHIO
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED DECEMBER 31,2022
ISSUED BY THE DEPARTMENT OF FINANCE
Laura Starosta, CGFM, CPFO
FINANCE DIRECTOR
City of Brecksville, Ohio
Annual Comprehensive Financial Report
For the Year Ended December 31, 2022
Table of Contents
I. Introductory Section
Tableof Contents................................................................................................................................... i
Letterof Transmittal...............................................................................................................................v
GFOA Certificate of Achievement......................................................................................................xii
Listof City Officials...........................................................................................................................xiii
OrganizationalChart..........................................................................................................................xiv
II. Financial Section
Independent Auditor's Report................................................................................................................1
Management's Discussion and Analysis................................................................................................5
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Position........................................................................................................16
Statementof Activities............................................................................................................17
Fund Financial Statements:
Balance Sheet—Governmental Funds.....................................................................................18
Reconciliation of Total Governmental Fund Balances to
Net Position of Governmental Activities .............................................................................20
Statement of Revenues, Expenditures and Changes in
Fund Balances—Governmental Funds.................................................................................21
Reconciliation of the Statement of Revenues, Expenditures and Changes
in Fund Balances of Governmental Funds to the Statement of Activities............................23
Statement of Revenues, Expenditures and Changes in
Fund Balance—Budget(Non-GAAP Basis) and Actual:
GeneralFund.....................................................................................................................24
FireDepartment Fund.......................................................................................................25
Statement of Fund Net Position—Proprietary Fund ...............................................................26
Statement of Revenues, Expenses and Changes in Fund Net Position—Proprietary Fund....27
Statement of Cash Flows—Proprietary Fund..........................................................................28
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City of Brecksville, Ohio
Annual Comprehensive Financial RepoYt
For the Year Ended December 31, 2022
Table of Contents (continued)
Statement of Fiduciary Net Position—Fiduciary Funds..........................................................29
Statement of Changes in Fiduciary Net Position—Fiduciary Funds.......................................30
Notes to the Basic Financial Statements........................................................................................31
Required Supplementary Information:
Schedule of the City's Proportionate Share of the Net Pension Liability—
Ohio Public Employees Retirement System—Traditional Plan—Last Nine Years .........94
Schedule of the City's Proportionate Share of the Net Pension Asset—
Ohio Public Employees Retirement System—Combined Plan—Last Five Years...........96
Schedule of the City's Proportionate Share of the Net OPEB AssetlLiability—
Ohio Public Employees Retirement System—Traditional Plan—Last Six Years............98
Schedule of the City's Proportionate Share of the Net Pension Liability—
Ohio Police and Fire Pension Fund—Last Nine Years...................................................100
Schedule of the City's Proportionate Share of the Net OPEB Liability—
Ohio Police and Fire Pension Fund—Last Six Years.....................................................102
Schedule of the City's Contributions—Ohio Public Employees
Retirement System—Last Ten Years..............................................................................104
Schedule of the City's Contributions—Ohio Police and Fire
Pension Fund—Last Ten Years......................................................................................106
Notes to Required Supplementary Information...........................................................................108
Combining and Individual Fund Statements and Schedules:
Combining Statements—Nonmajor Governmental Funds:
FundDescriptions..................................................................................................................114
Combining Balance Sheet—Nonmajor Governmental Funds...............................................117
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances—Nonmajor Governmental Funds..............................................................118
Combining Balance Sheet—Nonmajor Special Revenue Funds...........................................119
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances—Nonmajor Special Revenue Funds..........................................................122
Combining Balance Sheet—Nonmajor Debt Service Funds.................................................125
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City of Brecksville, Ohio
Annual Comprehensive Financial RepoYt
For the Year Ended December 31, 2022
Table of Contents (continued)
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances—Nonmajor Debt Service Funds................................................................126
Combining Balance Sheet—Nonmajor Capital Projects Funds............................................127
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances—Nonmajor Capital Projects Funds...........................................................129
Individual Fund Schedules of Revenues, Expenditures/Expenses and Changes in
Fund Balance/Fund Equity—Budget(Non-GAAP Basis) and Actual:
Major Funds:
GeneralFund.........................................................................................................................132
FireDepartment Fund...........................................................................................................139
General Obligation Bond Retirement Fund...........................................................................140
General Municipal Improvement Fund.................................................................................141
Buildings and Improvements Fund.......................................................................................142
Road Improvements Fund.....................................................................................................143
Nonmajor Funds:
Motor Vehicle License Tax Fund..........................................................................................144
Street Repair and Maintenance Fund....................................................................................145
StateHighway Fund..............................................................................................................146
CommunityCenter Fund.......................................................................................................147
Road Maintenance Fund........................................................................................................148
Federal Equitable Sharing Fund............................................................................................149
Enforcement and Education Fund.........................................................................................150
CourtComputerization Fund.................................................................................................151
Natureworks Grants Fund .....................................................................................................152
RecyclingDemo Fund...........................................................................................................153
TreePlanting Fund................................................................................................................154
LawEnforcement Fund.........................................................................................................155
Law Enforcement Mandatory Drug Fund.............................................................................156
PolicePension Fund..............................................................................................................157
Peace Officer Training Fund.................................................................................................158
Local Fiscal Recovery Fund..................................................................................................159
OneOhio Opioid Settlement Fund.........................................................................................160
Special Assessment Bond Retirement Fund..........................................................................161
IssueII Fund..........................................................................................................................162
Recreation Expansion Fund...................................................................................................163
Public Utility Improvement Fund..........................................................................................164
Fire Ambulance Capital Fund...............................................................................................165
Police Station Building Fund................................................................................................166
Recreation Facilities Expansion Fund...................................................................................167
SelfInsurance Fund...............................................................................................................168
Cemetery Endowment Fund..................................................................................................169
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City of Brecksville, Ohio
Annual Comprehensive Financial Report
For the Year Ended December 31, 2022
Table of Contents (continued)
III. Statistical Section
Statistical Section Table of Contents......................................................................................S1
Net Position by Component—Last Ten Years....................................................................... S2
Changes in Net Position—Last Ten Years............................................................................. S4
Fund Balances, Governmental Funds—Last Ten Years ........................................................ S8
Changes in Fund Balances, Governmental Funds—Last Ten Years.................................... S 10
Assessed Valuation and Estimated
Actual Values of Taxable Property—Last Ten Years ................................................... S 12
Property Tax Rates—Direct and Overlapping Governments—Last Ten Years................... S 14
Property Tax Levies and Collections—Last Ten Years....................................................... S 16
Principal Real Property Taxpayers—2022 and 2013 ........................................................... S 18
Income Tax Revenue Base and Collections—Last Ten Years............................................. S 19
Income Tax Filers by Income Level—Tax Years 2021 and 2012........................................ S20
Ratios of Outstanding Debt to Total Personal Income
and Debt Per Capita—Last Ten Years........................................................................... S21
Ratio of General Obligation Bonded Debt to Estimated True Value of
Taxable Property and Bonded Debt per Capita—Last Ten Years................................. S22
Computation of Direct and Overlapping Debt Attributable to Governmental Activities..... S23
Legal Debt Margin Information—Last Ten Years............................................................... S24
Demographic and Economic Statistics—Last Ten Years..................................................... S26
Principal Employers—Current Year and Nine Years Ago................................................... S27
Full-Time Equivalent City Government Employees
by Function/Program—Last Ten Years......................................................................... S28
Capital Assets Statistics by Function/Program—Last Ten Years........................................ S30
Operating Indicators by Function/Program—Last Ten Years.............................................. S32
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JERRY N.HRUBY,MAYOR AND SAFETY DIRECTOR
CITY COUNCIL
LAURA C.REDINUER,PRESIDENT
DOMINIC J.CARUSO,V[CE PRESIDENT
ARTHliR J.GANIl�i
DARYl.J.I4NGSTON
ANN M.I�OEPKE
EI,IZABETH A.S�VAGE
BRIr�N R.STUCKY
TAMMY L.TABOR,CLERIS
June 26, 2023
To Members of Brecksville City Council and
The Citizens of Brecksville, Ohio
This report enables the City to comply with Ohio Administrative Code Section 117-2-03 (B), which
requires reporting on a GAAP (Generally Accepted Accounting Principles)basis, and Ohio Revised Code
Section 117.38 which requires cities reporting on a GAAP basis to file an annual report with the Auditor
of State within 150 days of fiscal year end.
Management assumes full responsibility for the completeness and reliability of the infarmation contained
in this report, based upon a comprehensive framework of internal control that it has established for this
purpose. Because the cost of internal control should not exceed the anticipated benefits, the objective is
to provide reasonable, rather than absolute assurance that the financial statements are free of any material
misstatements.
State statutes require the City of Brecksville (the City) to be subjected to an annual examination by the
Auditor of State. Either the Auditor of State of Ohio or, if the Auditor permits, an independent public
accounting firm conducts these audits. The Auditor of State rendered an opinion on the City's �nancial
statements as of December 31, 2022. The Independent Auditor's Report on the basic financial statements
is included in the financial section of this report.
Management's discussion and analysis (MD&A) immediately follows the Independent Auditor's Report
and provides a narrative introduction, overview and analysis of the basic financial statements. The
MD&A complements this letter of transmittal and should be read in conjunction with it.
Profile of the Government
The City of Brecksville was founded in 1811. It was incorporated as a village under the laws of the State
of Ohio in 1921 and attained City status in 1960 by virtue of its population exceeding 5,000. It is located
in Cuyahoga County in northeastern Ohio, in the heart of rolling woodlands approximately fifteen miles
south of the City of Cleveland. The City covers 19.54 square miles. In the year 2022, the U.S. Census
Bureau reported that Brecksville had a population of 13,539, down 0.11 percent from 13,554 in 2013.
The City of Brecksville operates under and is governed by its Charter, first adopted by the voters on
November 6, 1956 and amended from time to time. The Charter provides for a Mayor-Council form of
government. The nine-member Charter Review Commission reviewed the Charter
in 2013. Ten proposed charter changes were placed on the November ballot with
o� nine of them passing.
A
� Legislative authority is vested in a seven-member City Council which is elected at
������ large and whose terms are staggered. Four Council members are elected at each
:�;��;;::':::SVILLE regular municipal election in November of odd numbered years. Of the four
BREC� , ,,,rv,��,�„ elected, the three receiving the highest number of votes serve a term of four years
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^���°r°�T�W°'"m and the fourth serves a term of two years. The Council fixes compensation of City
9069 Brecksville Road•Brecksville,Ohio 44141 • (440)526-2609 •Fax: (440)526-8708
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officials and employees and enacts ordinances and resolutions relating to City services, tax levies, the
appropriation and borrowing of money, the licensing and regulation of business and the trades, and other
municipal purposes. The presiding officer is the President who is elected by the Council far a one-year
term.
The City of Brecksville's chief executive officer is the Mayor who is elected by the voters for a four-year
term. The Mayar appoints, subject to approval of Council, the directors of the City's departments except
for the Director of Finance, the Law Director and the Clerk of Council, all of whom are appointed by
Council. He is the chief conservator of the peace, oversees the enforcement of all laws and ordinances,
and executes all contracts, conveyances, evidences of indebtedness and all other instruments to which the
municipality is a party. He is the official and ceremonial head of the City. The Mayor is also the Safety
Director and presides over the Mayor's Court.
As Mayor serving my ninth consecutive term after being re-elected in the November 2019 general
election, I am the only Brecksville mayor to be elected to nine consecutive four-year terms since
Brecksville became a village in 1921.
The City's Service Department works hard to respond to the needs of the residents, providing curbside
rubbish and recycling collection, street maintenance, snow removal and maintenance of City recreational
facilities, among other services. The Department is responsible for an annual, aggressive road repair and
maintenance program.
Security of one's person and property is foremost on the minds of our full-time Police Department and
Fire Department with full-time paramedic service. Brecksville takes pride in its low crime rate and rapid
response by both police and fire units. Our safety departments are constantly updating training,
procedures and equipment to provide effective services to our City.
Water service is provided to City residents by the City of Cleveland and sewer services are provided by
the Northeast Regional Sewer District. Certain water lines and sewer lines are owned and maintained by
the City.
Pvofile of the City
We're proud of our City's beautiful, safe and uncongested environment. We are a community that is
"building our future with respect for our past," a dynamic idea that combines forward thinking with our
Western Reserve heritage which is evident not only in our prevailing architectural style but in our
business-friendly philosophy.
Residents have a variety of nearby transportation options. By automobile or by connections through
downtown Cleveland on the Regional Transit Authority bus and rail lines, one can reach all areas of
Cuyahoga County conveniently. State Routes 21 and 82 bisect Brecksville and there is easy access to
interstate highways. I-77 and I-80,which is the Ohio Turnpike,both crisscross Brecksville. I-480, an east-
west interstate is just 6 miles north of Brecksville. Amtrak cross-country rail service is available in
downtown Cleveland and Hopkins International Airport is located about fifteen miles from Brecksville.
Entertainment abounds just a short distance away for residents of Brecksville. In downtown Cleveland,
the Cleveland Browns of the National Football League play in their spectacular First Energy Stadium.
Progressive Field is the home of Major League Baseball's Cleveland Guardians. The Cleveland Cavaliers
of the National Basketball Association, play at Rocket Mortgage Fieldhouse which is also a venue for
concerts by majar recording artists, ice shows, and a variety of other professional attractions. Cleveland
State University's Wolstein Center is home to the Cleveland State University Vikings and even more
concerts and shows. Just a short drive from Brecksville through the Cuyahoga Valley National Park,
Blossom Music Center is the summer home of the Cleveland Orchestra and a venue for the biggest music
stars touring the planet.
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Residents have access to many cultural attractions such as the world-famous Cleveland Orchestra at
Severance Hall, The Cleveland Museum of Art, The Great Lakes Science Center and the Rock n' Ro11
Hall of Fame and Museum. There are unique shopping areas such as Tower City Center and nightlife
with dining in the Warehouse District and dining and entertainment on East 4th Street downtown and a
concert venue in the "Flats" along the Cuyahoga River. Cleveland's downtown is a center of activity for
all ages and just minutes from Brecksville.
Metro Health, Marymount, and Parma Community General Hospitals serve as emergency care facilities
for our residents and visitors who require use of our Fire Department's ambulances and staff of
professional paramedics and EMTs. The Greater Cleveland area is known worldwide for excellence in
health care including the Cleveland Clinic and University Hospitals who supplement health care provided
by nearby community hospitals and immediate care centers.
Brecksville's wooded hills and ravines that lace the area help define its neighborhoods. As a result, every
resident is close to natural beauty that has always been a hallmark of Brecksville living. Many
neighborhoods are located next to the Brecksville Reservation of the Cleveland Metroparks and the
33,000 acre Cuyahoga Valley National Park. Brecksville is unique among Cuyahoga County
communities because one-third of the City is park land. Located within the Cuyahoga Valley National
Park is the Ohio Canal National Heritage area. The Brecksville Reservation of the Cleveland Metroparks
offers facilities for picnicking, softball, harseback riding, golf, hiking and cross-country skiing. A paved
all-purpose fitness trail offers walking, biking, running or strolling by the beautiful scenery. Two ski
areas are close by. Brecksville was named a Tree City USA for the 28th consecutive year in 2022.
Housing in Brecksville offers a mix of sizes, styles and price ranges with colonial and Western Reserve
styles predominating. Despite its proximity to major metropolitan attractions, Brecksville maintains its
quiet, suburban environment. Retail shopping is concentrated downtown near the Square, and shopping
malls in nearby communities complement local merchants.
The City of Brecksville provides many programs for all ages through its Recreation Department.
Baseball, basketball, volleyball, swimming, golf, tennis, spinning and exercise classes, crafts and day
camps are just some of the many programs for family fun, fitness and recreation. Recreational facilities
include the 160 acre Blossom Hill recreational area with its playground,pavilion, baseball fields, comfort
station, safety town and a state of the art artificial turf soccer and lacrosse field. The City is in the final
stages of constructing a field house on the property,which will connect to a new elementary school being
constructed by the Brecksville-Broadview Heights City School District. At City Hall there are three
lighted baseball fields and three lighted tennis courts. The 75,004 square foot Community Center houses
the Recreation Department as well as a field house, indoor lap pool, indoor aquatics center, outdoor
aquatics center, elevated running track, youth game room, large cardio-vascular room and a large weight
room, whirlpool spa, saunas and a dividable community room with facilities for meetings and catering.
Brecksville's, 29,000 square foot Human Services Center attracts children less than one year old to folks
in their 90s. The second floor of the beautiful building houses the Community Center's vast cardio-
vascular fitness section. Headquartered in the Human Services Center is the Department of Human
Seroices, which maintains many programs including snow removal and a food bank for low income
seniors. It coordinates the local Meals on Wheels program and provides free blood pressure screenings.
The Human Services Center has a 30 by 50 foot warm water therapy exercise pool on the lower level and
a full service kitchen with an accompanying large gathering area seating 125. The serene Kay Broughton
center courtyard complete with tables, benches, and fountain, provide the opportunity for quiet book
reading or a lively game of cards surrounded by beautiful plantings.
A quality education for our children is provided by the Brecksville-Broadview Heights City School
District. Cleveland Magazine routinely ranks the district as one of the top suburban districts in the area.
Brecksville is also home to the Cuyahoga Valley Career Center, which is the area's vocational school for
high school students and additionally provides a multitude of adult education programs for area residents.
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Economic Development
The City is a business advocate and a connector. It helps companies navigate site relocation and retention
by uniting all the necessary elements to assure that the City is an optimum business destination. The
City's efforts in assisting companies has resulted in significant development projects siting in the City.
Some of the current business development projects within the City are described as follows.
To facilitate future economic development, the City created the Brecksville Community Improvement
Corporation (the CIC). The CIC is a corporation certified by the State, separate from the City, with its
own code or regulations and directors. The CIC can be used to facilitate private entity borrowing or to
hold properties, as approved by the City, for use in enhancing business opportunities.
In 2018, the United States Department of Veterans Affairs (the VA) conveyed to the City a 103-acre site
near the intersection of Interstate Highway 77 and the Ohio Turnpike(Interstate 80). On this site, the VA
had operated a veterans' hospital for more than 50 years,prior to its closure in 2012. Under its agreement
with the VA and the State's Historic Preservation Office, the City agreed that, as a part of a proposed
commercial redevelopment of the site, land for a memorial park commemorating the site as a former VA
hospital would be set aside.
In its efforts to redevelop the site, the City subsequently transferred the 103 acres to the CIC. Following
the land transfer, the City and the CIC entered into an agreement with a private developer setting forth a
development plan wherein the developer is obligated to purchase portions of the site from the CIC in
multiple phases. Furthermore, the developer demolished the former hospital structures and remediated
those sites at its own cost. The developer is further required to proceed with a phased-in mixed-use
development that may include stores, restaurants, apartments, hotels, hospitals, light manufacturing
plants,warehouses, offices, and laboratories.
The City entered into a development agreement with the Sherwin-Williams Company during 2021.
Approximately 45 acres of the Valor Acres site and 73 acres of adjacent real property will be the site of
their new research and development project. According to the development agreement, the project will
create approximately 680 new jobs with an estimated payroll of$55,760,000. The City entered into a job
creation income tax incentive agreement during 2021 to cause the company to commit to constructing the
project by providing a 15-year incentive equal to 35 percent of the first $55,760,000 of annual payroll
taxes of employees of the company and its affiliates, as well as 40 percent of annual payroll taxes of
employees of the company and its affiliates in excess of said amount. As Sherwin-Williams has moved
forward with their development, they have provided the City with a revised count of approximately 900
new jobs. This project also includes a tax increment financing agreement as authorized by City Council.
During 2021, the City also entered into a development agreement with DiGeronimo Development LLC
and VA Land LLC to provide far the construction of a mixed use development on approximately 25 acres
of the Valor Acres site. It anticipates a mixed-use development, including one or more commercial
office buildings with at least 150,000 combined square feet of space. Additionally during 2021, the City
entered into a job creation incentive agreement with DiGeronimo Development LLC causing the
company to commit to constructing the project in the City by providing a 15-year job creation income tax
incentive equal to 35 percent of the first $22,500,000 of annual payroll taxes of employees of the
company and its affiliates and 40 percent of annual payroll taxes of employees of the company and its
affiliates in excess of such amount. This project also includes a tax increment financing agreement as
authorized by City Council.
DiGeronimo Development LLC announced that it will relocate its corporate headquarters to the Valor
Aces site in 2024.
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A subdivision agreement with DiGeronimo Development LLC was entered into on adjacent land to the
north of the Valor Acres site during 2021. This project includes a tax increment financing agreement as
authorized by City Council. The agreement includes a proposed residential plan of 238 units that consists
of 157 units in a multi-family apartment building, 28 townhouse apartments in five separate buildings, 17
townhouse units in three separate buildings, 32 attached homes, and four single family homes.
Approximately 21 acres of the Valor Acres site remains held by the CIC for future development.
The City entered into one of its largest economic development projects with the MetroHealth System, a
County hospital and health provider system with numerous locations around northeast Ohio. In 2016, the
MetroHealth System opened its Brecksville Health and Surgery Center("Center"), a$48,000,000, 63,000
square foot facility, on about 21 acres near the intersection of State Routes 77 and 82, overlapping with
the City of Broadview Heights. The Center offers both primary and specialty care and contain medical
office space, diagnostic and laboratory facilities, a retail pharmacy, a compounding pharmacy, an
emergency room, and an ambulatory surgery center. Specialty care provided in the medical offices
including cardiology, dermatology, podiatry, gastroenterology, neurology, OB/GYN, ophthalmology,
orthopedics, and radiology services.
Lubrizol Advanced Materials, Incorporated is one of the City's largest and most established employers.
Lubrizol is a technology-driven, global company that combines complex specialty chemicals to optimize
its products while reducing environmental impact. Lubrizol products include advanced specialty
polymers, polymer-based additives, and chemical additives used in everyday consumer and industrial
applications. The company has a complex of buildings on a 165-acre site in the City, serving the
company's global operations. Lubrizol completed a $30,000,000 project to expand and renovate its
facilities on the site in 2017.
Accomplishments
The City is very pleased that Moody's Investors Services continues to rate our City a bond rating of Aal.
This rating attests to our strong economic health and prudent fiscal management.
The City of Brecksville's Finance Department was proud to receive its 32nd consecutive, Certificate of
Achievement for Excellence in Financial Reporting for its Annual Comprehensive Financial Report for
the Fiscal Year ended December 31, 2021. It was also the 16th year that the Finance Department
produced its award winning Popular Annual Financial Report.
The City completed the construction of an addition to the indoor pool as well as the removal and
construction of a replacement outdoor aquatics faciliry. These facilities were opened in the spring of
2021 and final items were completed in 2022.
During 2019, the City entered into a construction agency agreement with the Brecksville-Broadview
Heights City School District(School District) as construction agent. This agreement will provide for the
design, development, acquisition, construction, installation, equipping and improvement of a portion of
the Blossom Hill Park property to construct a new field house which shall be adjacent to the proposed
elementary schooL The new field house is operational as final items are being completed during 2023.
Along with the two new facilities, a shared use and management agreement has been entered into, which
will allow the use of portions of each building between the two entities. In exchange for conveying
approximately 25 acres of the Blossom Hill property to the School District, the School District has
conveyed to the City three properties: the old Central School property and the Comstock property
adjacent to Central School totaling approximately 3.6 acres, which will be held until a future use is
determined and approximately 10.6 acres of land on Stadium Drive to be utilized for recreational
activities.
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The City completed various capital projects, which are discussed in the Management's Discussion and
Analysis.
2023 Priorities:
• Completion of the final construction punch-list for the field house at Blossom Hi11 Park.
• Discussion and design of remodel of City Hall will continue. Space previously used by the Police
Department will be available for repurpose and renovation and will allow for the reconfiguration
of all of City Hall.
• The City has budgeted various sanitary and storm sewer projects for 2023 as part of the City's on-
going commitment to improving infrastructure. This includes the Chippewa Road sanitary and
storm sewer project and the Glenwood sanitary and storm sewer project.
� During 2022, the City and the Ohio Department of Transportation are currently under contract for
construction of the Interstate 77 and Miller Road interchange project. This area has long been
targeted for improvements as it will provide greater access to land designated for future economic
development. The planned work will consist of adding a northbound exit ramp to Miller Road,
adding a southbound entrance ramp to Interstate 77, adding an auxiliary lane between the new
southbound entrance ramp and the existing Interstate 80 exit ramp, widening of Miller Road, and
improvements to the Miller Road and Southpointe Parkway intersection.
Long-Term Financial Planning
As part of the annual budget process, the Mayor and City Council review five year capital budget
projections. Based on these estimates, financial strategies are developed to maximize services supplied
and infrastructure improvements desired. This budget is modified regularly as new projects present
themselves and priorities change.
The City continues to adhere to a pay as you go philosophy as it relates to small projects and equipment
purchases. By only borrowing for large projects and keeping debt levels low, it provides the City the
opporiunity to borrow in low interest environments. A summary of the 2022 borrowings can be found in
the MD&A and the notes to the basic financial statements.
Relevant Financial Policies
By City ordinance, $3,020,004 of total income tax proceeds are credited to the following capital projects
funds: $1,700,004 to the buildings and improvements fund, $360,000 to the road improvements fund, and
$960,000 to the general municipal improvement fund,with the remainder credited to the general fund.
There are also ordinances in place to allocate 25 percent of all building permit fees collected into the
recreation expansion fund along with corporate membership fees designated specifically for community
center improvements. Sanitary sewer tap-in, septic conversion, and sanitary repair fees are deposited into
the public utility improvement fund and used for utility services.
An ordinance is also in place to allocate water connection permit fees to the water system maintenance
and repair fund and the water system bond retirement fund based on a legislated schedule. These funds
shall be used for future improvements of the City's water distribution system and any necessary debt
funding thereof.
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The compensated absence, workers' compensation, and hospitalization funds are all used to accumulate
funds which can be used during times of higher expenditures or lower revenues. They are designed to
smooth cash inflows and outflows in other operating funds. On a generally accepted accounting principles
(GAAP)basis,the workers' compensation fund was allocated back into funds which contributed to it. The
compensated absences fund was a part of the general fund on a GAAP basis. On a GAAP basis, the
hospitalization fund is presented as an internal service.
Awards and Acknowledgements
The Government Finance Officers Association of the United States and Canada (GFOA) awards a
Certificate of Achievement for Excellence in Financial Reporting to those governmental entities whose
Annual Comprehensive Financial Report is easily readable, efficiently organized, and conforms to GFOA
reporting standards. Such a report must satisfy both generally accepted accounting principles (GAAP) as
well as applicable legal requirements. The City of Brecksville received this honor for its Annual
Comprehensive Financial Report for the year ended December 31, 2021. A Certificate of Achievement is
valid for a period of one year only. The City of Brecksville believes the current report conforms to the
Certificate of Achievement Program requirements, and has submitted it to the GFOA to determine its
eligibility for another Certificate of Achievement.
Successful preparation of a report of this scope depends upon the dedicated contribution of many
employees. The sincere appreciation of those primarily responsible for its completion is extended to all
contributors but especially to those employees in the Department of Finance who have spent their time
and energy on various parts of the project and to Local Government Services for their assistance in
helping the City prepare this report in conformity with generally accepted accounting principles (GAAP)
and the requirements of the Government Finance Officers Association.
In addition, we would like to thank Brecksville City Council, without whose positive leadership and
encouragement,the preparation of this report would not have been possible.
In closing, we would like to thank the residents and taxpayers of the City of Brecksville for entrusting us
with the administration of their local government.
Respectfully submitted,
. Hru
Mayor
Laura J. Starosta, CGFM, CPFO
Director of Finance
- xi-
�
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Brecksville
Ohio
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
December 31, 2021
��i�u�,e�w,. P• ���er�%��
Executive Director/CEO
-Xll-
City of Brecksville, Ohio
City Offzcials
ELECTED OFFICIALS
Mayor and Safety Director................................................................ Jerry N. Hruby
President of Council.....................................................................Laura C. Redinger
Vice-President of Council............................................................Dominic J. Caruso
Council Member............................................................................. Arthur J. Ganim
Council Member...........................................................................Daryl J. Kingston
Council Member..............................................................................Ann M. Koepke
Council Member.......................................................................Elizabeth A. Savage
Council Member..............................................................................Brian R. Stucky
APPOINTED OFFICIALS
Director of Finance.........................................................................Laura J. Starosta
Police Chief................................................................................ Stanton A. Korinek
Fire Chief....................................................................................Nikola N. Zamiska
Service Director.............................................................................Ronald J. Weidig
Director of Purchasing...................................................................Rebecca A. Riser
Chief Building Official..................................................................Scott M. Packard
Clerk of Courts.........................................................................Shelley A. Kazimore
Director of Recreation................................................................... Rachele K. Engle
Director of Law..................................................................................David J. Matty
Prosecutor............................................................................................Lisa A. Sabol
City Engineer...................................................................................Gerald M. Wise
Clerk of Council.............................................................................Tammy L. Tabor
Director of Human Services........................................................ Steven L. Paciorek
-xiii-
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O H I O A U D I TO R O F S TAT E �� r�;�r�`�°�� �r'���r
Columbus,Ohio =�3215
C��ntactli s(a;<�hi<��iLiditor.�>v
KEITHFABER ;g���>> ���-��37C�
INDEPENDENT AUDITOR'S REPORT
City of Brecksville
Cuyahoga County
9069 Brecksville Road
Brecksville, Ohio 44141
To the City Council:
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, each major fund, and the
aggregate remaining fund information of the City of Brecksville, Cuyahoga County, Ohio (the City), as of
and for the year ended December 31, 2022, and the related notes to the financial statements, which
collectively comprise the City's basic financial statements as listed in the table of contents.
In our opinion, the accompanying financial statements referred to above present fairly, in all material
respects, the respective financial position of the governmental activities, each major fund, and the
aggregate remaining fund information of the City of Brecksville, Cuyahoga County, Ohio as of December
31, 2022, and the respective changes in financial position and, where applicable, cash flows thereof and
the respective budgetary comparisons for the General Fund and the Fire Department Fund for the year
then ended in accordance with the accounting principles generally accepted in the United States of
America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America (GAAS) and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. Our responsibilities under those
standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements
section of our report. We are required to be independent of the City, and to meet our other ethical
responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Emphasis of Matter
As discussed in Note 26 to the financial statements, the financial impact of COVID-19 and the continuing
emergency measures may impact subsequent periods of the City. We did not modify our opinion regarding
this matter.
Efficient • Effective • Transparent
1
City of Brecksville
Cuyahoga County
Independent Auditor's Report
Page 2
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in
accordance with accounting principles generally accepted in the United States of America, and for the
design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement,whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or
events, considered in the aggregate, that raise substantial doubt about the City's ability to continue as a
going concern for twelve months beyond the financial statement date, including any currently known
information that may raise substantial doubt shortly thereafter.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement,whether due to fraud or error, and to issue an auditor's report that includes
our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and
therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing
Standards will always detect a material misstatement when it exists. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are
considered material if there is a substantial likelihood that, individually or in the aggregate, they would
influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS and GovernmentAuditing Standards, we
• exercise professional judgment and maintain professional skepticism throughout the audit.
• identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, and design and perform audit procedures responsive to those risks. Such procedures
include examining, on a test basis, evidence regarding the amounts and disclosures in the financial
statements.
• obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the City's internal control. Accordingly, no such opinion is expressed.
• evaluate the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluate the overall presentation of the
financial statements.
• conclude whether, in ourjudgment, there are conditions or events, considered in the aggregate, that
raise substantial doubt about the City's ability to continue as a going concern for a reasonable period
of time.
We are required to communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit, significant audit findings, and certain internal control-related matters
that we identified during the audit.
2
City of Brecksville
Cuyahoga County
Independent Auditor's Report
Page 3
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis and schedules of net pension and other post-employment benefit liabilities and
pension and other post-employment benefit contributions be presented to supplement the basic financial
statements. Such information is the responsibility of management and, although not a part of the basic
financial statements, is required by the Governmental Accounting Standards Board who considers it to be
an essential part of financial reporting for placing the basic financial statements in an appropriate
operational, economic, or historical context. We have applied certain limited procedures to the required
supplementary information in accordance with auditing standards generally accepted in the United States
of America, which consisted of inquiries of management about the methods of preparing the information
and comparing the information for consistency with managemenYs responses to our inquiries, the basic
financial statements, and other knowledge we obtained during our audit of the basic financial statements.
We do not express an opinion or provide any assurance on the information because the limited procedures
do not provide us with sufficient evidence to express an opinion or provide any assurance.
Supplementary information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City's basic financial statements. The combining and individual nonmajor fund financial
statements and schedules are presented for purposes of additional analysis and are not a required part of
the basic financial statements.
Such information is the responsibility of management and was derived from and relates directly to the
underlying accounting and other records used to prepare the basic financial statements. The information
has been subjected to the auditing procedures applied in the audit of the basic financial statements and
certain additional procedures, including comparing and reconciling such information directly to the
underlying accounting and other records used to prepare the basic financial statements or to the basic
financial statements themselves, and other additional procedures in accordance with auditing standards
generally accepted in the United States of America. In our opinion, the combining and individual nonmajor
fund financial statements and schedules are fairly stated, in all material respects, in relation to the basic
financial statements as a whole.
Other Information
Management is responsible for the other information included in the annual financial report. The other
information comprises the introductory and statistical sections but does not include the basic financial
statements and our auditor's report thereon. Our opinions on the basic financial statements do not cover
the other information, and we do not express an opinion or any form of assurance thereon.
In connection with our audit of the basic financial statements, our responsibility is to read the other
information and consider whether a material inconsistency exists between the other information and the
basic financial statements, or the other information otherwise appears to be materially misstated. If, based
on the work performed, we conclude that an uncorrected material misstatement of the other information
exists, we are required to describe it in our report.
3
City of Brecksville
Cuyahoga County
Independent Auditor's Report
Page 4
Other Reporting Required by GovernmentAuditing Standards
In accordance with Government Auditing Standards, we will also issue our report dated June 26, 2023, on
our consideration of the City's internal control over financial reporting and our tests of its compliance with
certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of
that report is solely to describe the scope of our testing of internal control over financial reporting and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City's
internal control over financial reporting or on compliance. That report is an integral part of an audit
performed in accordance with GovernmentAuditing Standards in considering the City's internal control over
financial reporting and compliance.
Gz�C�
Keith Faber
Auditor of State
Columbus, Ohio
June 26, 2023
4
City of Brecksville, Ohio
Management's Discussion and Analysis
For the Year Ended December 31, 2022
Unaudited
The discussion and analysis of the City of Brecksville's financial performance provides an overall review of
the City's financial activities for the year ended December 31,2022. The intent of this discussion and analysis
is to look at the City's financial performance as a whole. Readers should also review the transmittal letter,the
basic financial statements, and the notes to the basic financial statements to enhance their understanding of the
City's financial performance.
Financial Highlights
Key financial highlights for 2022 are as follows:
• The assets and deferred outflows of resources of the City of Brecksville exceeded its liabilities and
deferred inflows of resources by$112,380,052. This is an increase of$13,025,607 over last year's net
position.
• Total costs of all City services were $28,338,960 in 2022, a decrease of$1,980,685, or 6.53 percent,
under 2021. This decrease can be attributed to decreases in legislative and executive and recreational
activities expenses, offset by increased expenses of all other expense types from general inflation
prices. Legislative and executive expenses in the general fund decreased from the prior year due to
the decrease in deposits held payable from a large residential subdivision deposit being returned.
Recreational activities decreased from 2021 due to expenses related to the field house project, which
is currently in progress.
• Total liabilities increased by $11,497,362 over 2021. This increase is due to an increase in general
obligation bonds and tax increment financing revenues bonds from new issuances, offset by decreases
in deposits held payable and net pension liability. The decrease of deposits held payable was caused
by the return of a large deposit to DiGeronimo Development, LLC for a new development project for
a residential subdivision and the decrease of the net pension liability was a result of changes in
assumptions for benefits, contribution rates, and return on investments.
• Total capital assets increased by$17,730,647 over 2021. There was an increase to additions exceeding
deprecation and deletions. The largest portion of the current year additions consisted of the ongoing
wark on the Interstate 77 and Miller Road interchange and Chippewa sanitary sewer projects.
• The equiry in pooled cash and cash equivalents balance at the end of 2022, in the general fund of
$11,056,359, represents 213 days of operating expenditures for the City and is a reflection of its on-
going viability and its desire to protect the ability to provide future services.
Using This Annual Financial Report
This annual report consists of a series of financial statements and notes to those statements. These statements
are prepared and organized so the reader can understand the City of Brecksville as a financial whole or as an
entire operating entity. The statements provide a detailed look at the City's specific financial conditions.
The statement of net position and statement of activities provide information about the activities of the whole
Ciry,presenting both an aggregate view of the City's finances and a longer-term view of those assets. Major
fund financial statements provide the next level of detail. For governmental funds, these statements tell how
services were financed in the short-term as well as what dollars remain for future spending. The fund financial
statements also look at the City's most significant funds with all other non-major funds presented in total in
one column.
- 5 -
City of Brecksville, Ohio
Management's Discussion and Analysis
For the Year Ended December 31, 2022
Unaudited
Reporting the City of Brecksville as a Whole
Statement of Net Position and the Statement of Activities
While this document contains information about the funds used by the City to provide services to our citizens,
the view of the City as a whole considers all financial transactions and asks the question, "How did we do
financially during 2022?" The statement of net position and the statement of activities answer this question.
These statements include all (non-fiduciary) assets and deferred outflows of resources and liabilities and
deferred inflows of resources using the accrual basis of accounting similar to the accounting method used by
the private sector. This basis of accounting takes into account all of the current year's revenues and expenses
regardless of when the cash is received or paid.
These two statements report the City's net position and the changes in that net position. The change in net
position is important because it tells the reader whether, for the City as a whole, the financial position of the
City has improved or diminished. However, in evaluating the overall position of the City, non-financial
information such as changes in the City's tax base and the condition of the City's capital assets also needs to
be evaluated.
The statement of net position and the statement of activities are divided into the following categories:
• Assets
• Deferred Outflows of Resources
• Liabilities
• Deferred Inflows of Resources
• Net Position
• Program Expenses and Revenues
• General Revenues
• Net Position Beginning of Year and End of Year
Reporting the City of Brecksville's Most Significant Funds
Fund Financial Statements
A fund is a grouping of related accounts used to maintain control over resources segregated for specific
activities or objectives. The Ciry of Brecksville uses fund accounting to ensure and demonstrate compliance
with finance-related legal requirements. All of the City's funds can be divided into three categories:
governmental funds,proprietary funds, and fiduciary funds. The presentation of the City's major funds begins
on page 18. Fund financial reports provide detailed information about the City's major funds based on the
restrictions on the use of monies. The City has established many funds, which account for the multitude of
services,facilities and infrastructure provided to our residents. However,these fund financial statements focus
on the City's most significant funds. In the case of the City of Brecksville, the major funds are the general,
fire department, general obligation bond retirement, general municipal improvement, buildings and
improvements,road improvements, and capital urban redevelopment tax increment equivalents funds.
Governmental Funds Governmental funds are used to account for essentially the same functions reported as
governmental activities in the government-wide financial statements. However, unlike the government-wide
financial statements, governmental fund financial statements focus on near-term inflows and outflows of
spendable resources, as well as on balances of spendable resources available at the end of the year. All City
activities are reported in the governmental funds focusing on how money flows into and out of those funds and
- 6 -
City of Brecksville, Ohio
Management's Discussion and Analysis
For the Year Ended December 31, 2022
Unaudited
the balances left at year-end available for future spending. Our funds are reported using the modified accrual
accounting method. The modified accrual method measures cash and all other financial assets expected to be
readily converted to cash. The governmental fund statements provide a detailed short-term view of the City's
general operations and the basic services it provides. Governmental fund information helps determine the level
of financial resources that can be spent in the near future on residential services. Because the focus of
governmental funds is narrower than that of the government-wide financial statements,it is useful to compare
the information presented for governmental funds with similar information presented for governmental
activities in the government-wide financial statements. By doing so, readers may better understand the long-
term impact of the government's near-term financing decisions. Both the governmental fund balance sheet
and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a
reconciliation to facilitate the comparison between governmental funds and governmental activities.
Proprietary Fund The City maintains a proprietary fund. Internal service funds are an accounting device
used to accumulate and allocate costs internally among the City's various functions. The City's internal service
fund accounts for medical and prescription drug self-insurance. The proprietary fund uses the accrual basis of
accounting.
Fiduciary Funds Fiduciary funds are used to account for amounts collected and distributed on behalf of
another government or organization. Fiduciary funds are not reflected on the government-wide financial
statements because the resources from these funds are not available to support the City's programs. These
funds use the accrual basis of accounting.
The City of Brecksville as a Whole
Recall that the statement of net position pictures the City as a whole. Table 1 provides a summary of the City's
net position for 2022 compared to 2021.
Table 1
Net Position
Governmental Activities
Restated
2022 2021 Change
Assets
Current and Other Assets $61,264,637 $53,912,487 $7,352,150
Leases Receivable 1,682,892 1,215,201 467,691
Net Pension Asset 99,147 78,330 20,817
Net OPEB Asset 1,445,833 792,820 653,013
Capital Assets,Net 133,890,892 ll6,160,245 17,730,647
Total Assets 198,383,401 172,159,083 26,224,318
Deferred Outflows of Resources
Asset Retirement Obligations 7,823 9,955 (2,132)
Deferred Charges on Refunding 32,888 63,000 (30,112)
Pension 5,077,187 2,662,525 2,414,662
OPEB 1,032,557 1,547,703 (515,146)
Total DeferNed Outflows ofResources $6,150,455 $4,283,183 $1,867,272
(continued)
- 7 -
City of Brecksville, Ohio
Management's Discussion and Analysis
For the Year Ended December 31, 2022
Unaudited
Table 1
Net Position(continued)
Governmental Activities
Restated
2022 2021 Change
Liabilities
Current and Other Liabilities $12,437,403 $8,238,193 ($4,199,210)
Long-Term Liabilities
Due Within One Year 1,890,540 1,689,559 (200,981)
Due in More Than One Year:
Net Pension Liability 13,982,527 17,843,569 3,861,042
Net OPEB Liability 1,723,354 1,715,333 (8,021)
Other Amounts 43,866,231 32,916,039 (10,950,192)
Total Liabilities 73,900,055 62,402,693 (11,497,362)
Deferred Inflows of Resources
Property Taxes 5,593,655 5,564,259 (29,396)
Leases 1,679,974 1,213,327 (466,647)
Pension 8,790,945 4,630,818 (4,160,127)
OPEB 2,189,175 3,276,724 1,087,549
TotalDeferredlnflowsofResources 18,253,749 14,685,128 (3,568,621)
Net Position
Net Investment in Capital Assets 88,292,505 85,063,992 3,228,513
Restricted for:
Debt Service 1,042,613 967,569 75,044
Other Purposes 4,097,573 3,988,865 108,708
Unrestricted 18,947,361 9,334,019 9,613,342
TotalNetPosition $112,380,052 $99,354,445 $13,025,607
The net pension liability (NPL) is one of the largest single liabilities reported by the City at December 31,
2022. GASB notes that pension and OPEB obligations, whether funded or unfunded, are part of the
"employment exchange"—that is,the employee is trading his or her labor in exchange for wages,benefits,and
the promise of a future pension and other postemployment benefits. GASB noted that the unfunded portion of
this pension promise is a present obligation of the government,part of a bargained-for benefit to the employee,
and should accordingly be reported by the government as a liability since they received the benefit of the
exchange; however,the City is not responsible for certain key factors affecting the balance of these liabilities.
In Ohio, the employee shares the obligation of funding pension benefits with the employer. Both employer
and employee contribution rates are capped by State statute. A change in these caps requires action of both
Houses of the General Assembly and approval of the Governor. Benefit provisions are also determined by
State statute. The Ohio Revised Code permits,but does not require the retirement systems to provide healthcare
to eligible benefit recipients. The retirement systems may allocate a portion of the employer contributions to
provide for these OPEB benefits.
- 8 -
City of Brecksville, Ohio
Management's Discussion and Analysis
For the Year Ended December 31, 2022
Unaudited
Most long-term liabilities have set repayment schedules or, in the case of compensated absences (i.e. sick and
vacation leave), are satisfied through paid time-off or termination payments. There is no repayment schedule
for the net pension liability or the net OPEB liability. As explained previously, changes in benefits,
contribution rates, and return on investments affect the balance of these liabilities,but are outside the control
of the local government. In the event that contributions, investment returns, and other changes are insufficient
to keep up with required payments, State statute does not assign/identify the responsible party for the unfunded
portion. Due to the unique nature of how the net pension liability and the net OPEB liability are satisfied,
these liabilities are separately identified within the long-term liability section of the statement of net position.
Net position may serve as a useful indicator of a government's financial position over time. In the case of the
City of Brecksville, assets and deferred outflows of resources exceeded liabilities and deferred inflows of
resources at December 31, 2022. By far the largest portion of the City of Brecksville's net position is its
investment in capital assets including land,buildings, streets,water lines, storm water lines,and machinery net
of related debt. The City uses these capital assets to provide services to its citizens; consequently,these assets
are not available for future spending. Although the City of Brecksville's investment in its capital assets is
reported net of related debt, it should be noted that the resources needed to repay this debt must be provided
from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
The City's net position increased during the current year. Net position increased mainly due to increased
capital assets from additions,including the ongoing work on the Interstate 77 and Miller Road interchange and
Chippewa sanitary sewer projects. Also affecting the increase in net position is the changes in the net
pension/OPEB liabilities/assets and deferred inflows/outflows, which can be attributed to the changes in
assumptions for benefits and contribution rates.
The City carefully invests its cash and equivalents in a variety of investment types with the primary focus
being safety of principal, but with an attention to investment opportunities to increase yield. The Investment
Board, which consists of the Mayor, Finance Director, and Law Director, pay close attention to daily
investment earnings rates and long-term financial trends. The City's investment earnings and other interest
revenue decreased during 2022 as a result of the application of GASB 31 and the change in the fair value of
investments from the prior year.
Table 2 shows the changes in net position for the year ended December 31,2022 compared to 2021.
Table 2
Changes in Net Position
Governmental Activities
Restated
2022 2021 Change
Program Revenues
Charges for Services and Operating Assessments $3,311,447 $5,937,146 ($2,625,699)
Operating Grants and Contributions 3,190,863 1,647,594 1,543,269
Capital Grants and Contributions 7,735,651 3,737,248 3,998,403
Total Program Revenues $14,237,961 $11,321,988 $2,915,973
(conrinued)
- 9 -
City of Brecksville, Ohio
Management's Discussion and Analysis
For the Year Ended December 31, 2022
Unaudited
Table 2
Changes in Net Position(continued)
Governmental Activities
Restated
2022 2021 Change
General Revenues
Properry Taxes $5,692,713 $4,990,128 $702,585
Income Taxes 20,601,455 21,443,836 (842,381)
Grants and Entitlements 539,245 558,923 (19,678)
Contriburions and Donations 250,000 0 250,000
Investment Earnings and Other Interest (561,260) (90,398) (470,862)
Other 604,453 587,197 17,256
Total General Revenues 27,126,606 27,489,686 (363,080)
Total Revenues 41,364,567 38,811,674 2,552,893
Program Expenses
General Government:
Legislative and Executive 8,212,504 8,941,766 729,262
Judicial System 89,182 62,931 (26,251)
Public Safety:
Police 5,317,879 5,196,435 (121,444)
Fire 3,115,344 3,065,057 (50,287)
Public Health and Social Services 1,085,248 839,300 (245,948)
Street Construcrion,Maintenance,and Repair 4,087,210 3,603,878 (483,332)
Housing and Community Development 901,426 496,099 (405,327)
Basic Utiliry Services 2,229,433 1,443,134 (786,299)
Recreational Activities 2,047,004 5,984,955 3,937,951
Interest 1,253,730 686,090 (567,640)
Total Program Expenses 28,338,960 30,319,645 1,980,685
Change in Net Position 13,025,607 8,492,029 4,533,578
Net Position Beginning of Year-Restated 99,354,445 90,862,416 8,492,029
NetPosition End of Year $112,380,052 $99,354,445 $13,025,607
Governmental Activities
Several revenue sources fund our governmental activities with City income tax being the largest contributor.
The income tax rate of 2 percent was created by City Charter and became effective January 1990. This tax
created by Charter amendment will remain until such time as the City's electorate changes the rate, which is
not anticipated. The income tax revenue amount has decreased from the prior year. This decrease can be
attributed to decreases in employer withholdings due to a large employer moving to a "work from home"
schedule for many of their employees and net profits, which was offset by an increase in individual taxpayer
collections. Additionally, there was a large amount of refunds of withholding income taxes relating to 2021
"work from home" employment. The City has an active economic development program, which continually
works on recruiting new establishments to the City while retaining its current businesses.
- 10 -
City of Brecksville, Ohio
Management's Discussion and Analysis
For the Year Ended December 31, 2022
Unaudited
In 2022, City income tax revenue of $3,020,004 per year is earmarked for specific City improvements.
$141,667 per month, or$1,700,004 per year, is allocated toward building improvements. $30,000 per month,
or$360,000 per year,is part of the funding designated for road improvements. $80,000 per month,or$960,000
per year, is allocated toward general municipal improvements. These revenues are allocated by ordinance of
City Council providing that a substantial portion of income tax collections is designated far roads, City
facilities and capital needs.
Of the total revenue, the following is the portion provided by each revenue source:
Investment 2022 Revenues by Source
Earnings and Other
Unrestricted Interest-1.36% Other 1.48% Charges for
Contributions and Services and
Donations 0.60% � � _ Operating
Grants and Assessment 8.01%
Entitlements 1.30%
Operating Grants
and Contributions
7.71%
Property Taxes
13.76% Capital Grants and
Contributions
r 18.70%
Income Taxes
49.80%
Charges for services and operating assessments saw a significant decrease in 2022. This decrease is primarily
due to a large licenses and permits from DiGeronimo Development, LLC, according to a new development
project for a residential subdivision from the prior year.
Operating grants and contributions saw a significant increase in 2022. This increase is primarily due to the
receipts in the local fiscal recovery fund,which were used towards a portion of the police department's salaries
and related benefits.
Capital grants and contributions saw a significant increase compared to 2021. In 2022, the Brecksville
Community Improvement Corporation (CIC) approved and remitted a payment of $2,896,568 to the City,
which was receipted into the general fund.
The City recognized a slight increase in property tax collections in 2022. In the next few years the City
anticipates a steady increase in valuation as corporate renovations, expansions, and new developments are
recognized, and as several housing developments become populated with new homes.
Investment earnings fell compared to 2021. Again, this is primarily due to the application of GASB 31 fair
value of investments adjustment.
Costs contained within the legislative and executive category include all administrative, legal, economic
development, engineering and income tax collection costs. The legislative and executive category also
contains all costs associated with maintenance of City land and buildings as well as major supplies such as
gasoline and utility costs.
- 11 -
City of Brecksville, Ohio
Management's Discussion and Analysis
For the Year Ended December 31, 2022
Unaudited
Public safety, including the police and fire departments, accounted for a large portion of program expenses.
Our police department continues to improve their equipment to better serve our community and at the same
time provide extra safety for our officers. The fire department is funded through Charter levy millage. The
majority of operating costs for maintaining the fire department 24 hours a day, 7 days a week are financed with
this millage. In 2022, the fire department also received a transfer in from the general fund to maintain its
operation level. Billing for ambulance services provides additional stable funding designated for the purchase
of fire equipment. We continue to strive to provide better police and fire service at a lower cost per man-hour.
Public health and social services expenses include charges for county health programs,cemetery maintenance,
and the human service department.
The community center expenses are included in the recreational activities expenses. There was a decrease in
this expense from 2021 mainly due to expenses related to the field house project,which is currently in progress.
The City's on-going commitment to infrastructure maintenance is reflected in the$2,229,433 spent on utilities
and $4,087,210 spent on street construction and maintenance. Services provided by these activities include
garbage removal, recycling, leaf pick-up, storm drainage, snow removal, street maintenance and vehicle
upkeep.
Total program expenses for the current year by function are as follows:
2022 Expenses by Function
Recreational
Activities 7.220�o Interest Expense
Basic Utility 4.43% Legislative,
Executive &
Services 7.87% Judicia129.29%
Housing and
Communiry
Development
3.18%
Street Construction,
Maintenance, and
Repair 14.420�0 �' Police 18.77%
�
Public Health and
Social Services
3.83°/a Fire 10.99%
The City's Funds
Information about the City's governmental funds begins on page 18. These funds are accounted for using the
modified accrual basis of accounting. Governmental funds in total saw a decrease in fund balance during the
year. The most significant fund is our general fund with an unassigned fund balance at year-end. The general
fund experienced a loss in fund balance. As discussed prior, the decrease in licenses and permits revenue is
primarily due to a large licenses and permits from DiGeronimo Development, LLC, according to a new
development project for a residential subdivision from the prior year. Contributions and donations increased
during the year mostly due to contributions from the CIC,as discussed previously. Expenditures in the general
fund decreased from the prior year. The largest decrease can be seen in general government legislative and
executive as a result of the large deposit being held payable in the prior year. The general fund made two large
- 12 -
City of Brecksville, Ohio
Management's Discussion and Analysis
For the Year Ended December 31, 2022
Unaudited
non-recurring transfers during 2022. First,a transfer of$4,146,568 to the general municipal improvement fund
was made to support both the Interstate 77 and Miller Road interchange and Miller Road widening projects.
Secondly, a transfer of $1,430,723 to the road repaving fund was made to support the road program.
Additionally,during 2022 some expenditures were expensed out of the local fiscal recovery fund as a response
to the COVID-19 pandemic.
Another significant fund is the fire department fund. Its primary revenue source, property tax, had a slight
increase in 2022. The fire department fund, for the l Oth year in a row, required a transfer in from the general
fund.
The general obligation bond retirement fund saw a decrease in fund balance during 2022. Bond anticipation
notes were retired and rolled over to general obligation bonds, with more retired than rolled over, thus
decreasing the overall fund balance of the fund.
The City has four other funds presented as major funds. These four funds are the general municipal
improvement fund, the buildings and improvements fund, the road improvements fund and the capital urban
redevelopment tax increment equivalents fund. The general municipal improvement fund decreased from bond
anticipation notes being considered as short-term notes payable in the current year, which was offset with
transfers in from the general fund to support the Interstate 77 and Miller Road interchange and Miller Road
widening projects. Even though the buildings and improvements fund balance saw an increase in fund balance,
there was less of an increase than the prior year because less income tax receivable estimated than the prior
year based on the City's allocation split among various funds. The road improvements fund balance increased
from transfers in from the general to support the road program. The capital urban redevelopment tax increment
equivalents fund balance increased slightly as bond proceeds collected during the year exceeded capital outlay
for the Valor Acres Phase II residential development project.
General Fund Budgeting Highlights
The City's budget is prepared according to Ohio law and is based on accounting for certain transactions on a
basis of cash receipts, disbursements and encumbrances. The most significant budgeted fund is the general
fund. During the course of 2022, the City amended its general fund budget several times. Actual revenues
were higher than original and final budgeted revenues because the City prefers to take a conservative approach
for its revenue projections. While actual expenditures were slightly higher than original appropriations,actual
expenditures still came in below final appropriations due to the City's conservative approach to budgeting. All
recommendations for budget changes come to the Finance Committee of City Council for review before going
to the whole Council for ordinance enactment on the change. The general fund supports many of our major
activities including the police department, fire department, recreation department, and most legislative and
executive activities. The general fund is monitored closely, looking for possible revenue shortfalls or
overspending by individual departments.
Capital Assets and Debt Administration
Capital Assets
Total capital assets,net of depreciation,increased over 2021 due to significant capital investments made to the
City. Additions included the new police station,joint widening of State Route 82 with the City of Broadview
heights,city hall roof and air handler,the aquatics facility,Phase II of the Valor Acres residential development,
and the fieldhouse at Blossom Hill being built with the Brecksville-Broadview Heights City School District.
The City is committed to a long-term goal of rebuilding its infrastructure and facilities. We have a five year
capital plan in place providing for rebuilding major residential streets,water,sewer and storm sewer lines. The
five year plan also includes adding additional facilities to complement our current structures and updating our
- 13 -
City of Brecksville, Ohio
Management's Discussion and Analysis
For the Year Ended December 31, 2022
Unaudited
current structures to improve their integrity and usefulness. Use of grants and loans, as well as short-term
notes and long-term bonds, enable the City to improve its capital assets, and at the same time, maintain our
fund levels. See Note 10 for additional information on the City's capital assets.
Debt
The general obligation bond retirement bonds, including premiums, are composed of a 2012 Human Services
Facility Refunding Bond of$413,240, a 2017 Police Facility Project Bond for $7,365,510, a 2017 Service
Center Garage Bond for $1,531,034, a 2019 Police Facility Project Bond for $1,921,121, a 2019 Aquatic
Faciliry Project Bond for$6,271,025, a 2022 State Route 82 Project(A)for$1,586,632, a 2022 State Route 82
Project (B) for $1,296,840, a 2022 Field House Project for $8,724,542, a 2022 Miller Road Project for
$987,824, and a 2015 Refunding Tree Farm Property Bond from direct placement for$805,000.
The tax increment financing revenue bonds consist of 2022 Valor Acres Project bonds of$9,316,800,including
discounts. Principal and interest for these bonds will be paid from the collection of payments in lieu of taxes
by the County Fiscal Officer.
The special assessment bonds consist of Route 21/Hilton/Whitewood Sewer and Storm, Katherine Boulevard
Improvements, Riverview Road Sewer, and Refunding Route 21 Access Road from direct placement.
Principal and interest far these bonds are paid from the collection of special assessments by the County Fiscal
Officer.
During 2022, the City issued various purpose notes in the anticipation of bonds in the amounts of$5,200,000
for constructing sanitary sewer along a portion of Chippewa Road, of which $3,600,000 is considered to be
long-term liabilities.
The Ohio Public Works Commission(OPWC)loans from direct borrowings are paid semi-annually. All loans
will be paid in full in the year 2034.
The City had lease agreements for police vehicles. Leases will be paid in full in the year 2024.
The City's overall debt increased in 2022 as the result of increases in general obligation bonds, tax increment
�nancing revenue bonds, and bond anticipation notes. The City had an overall 1ega1 debt margin of
$50,103,865 and an unvoted debt margin of$10,918,837. See Note 17 for additional information on the City's
debt.
Current Financial Related Activities
The City of Brecksville continues to remain financially strong. Economic development agreements entered
into in previous years are proving fruitful. Due to our increased income tax we are able to support our Fire
Department without asking for additional property tax. The additional cash balances allow us to take advantage
of any other economic development opportunities that may arise.
In order to help support operations and provide for capital investment, the City actively pursues grant
opportunities. Annually,the City receives various outside funding for items such as training,law enforcement,
recycling, and equipment. In addition, some funding for large capital projects comes in the form of grants and
loans from various agencies. Having capital funds in reserve to be able to meet matching grant requirements
has proven to be a winning philosophy for the City and has allowed for improvement of streets, storm drainage
systems,bridges,retaining walls,water and sewer lines, and recreation facilities.
Another method used by the City to reduce costs is to cooperate with neighboring communities in the purchase
of commodity items such as salt and asphalt. Research and communication with neighboring communities
creates opportunities to negotiate lower pricing on electric and gas services. Cooperative agreements have
- 14 -
City of Brecksville, Ohio
Management's Discussion and Analysis
For the Year Ended December 31, 2022
Unaudited
been entered into for sharing equipment, joint training, and back up services when in need. The Service
Department continues to perform many functions in house that are typically outsourced; which not only
provides excellent service,but also saves money.
The City has entered into an agreement with a neighboring city to provide building inspection services for
them. Brecksville collects a fee for the service and the neighboring community saves money by not having to
hire their own employee. In 2017, the City entered into an agreement with three other area cities to create the
Cuyahoga Valley Council of Government (COG). This COG will be used to consolidate services; such as,
dispatch, jail and other community services, which lend itself to consolidation. The City entered into an
agreement with Chagrin Valley Dispatch Council during 2017 for dispatch services, which is located at the
City's police station. Lastly, in 2021, the City entered into an agreement with the Chagrin Valley Dispatch
Council for managed information technology services.
For many years the City has reduced its health care costs by operating a self-funded insurance program and
aggressively shopping our benefits. The City continues to maintain a health care cost management committee
comprised of representatives from all departments to address the issue of rising health care and develop
strategies to minimize increases.
The City monitors its fund balances,particularly the general fund,to ensure that adequate balances are in place
to safeguard future years. In particular, the general fund balance is compared to forty-five percent of the
previous year's expenses in accordance with rating agency standards. Annual budgeting is prepared using very
conservative estimates. Using this methodology has allowed the City to maintain safe fund balances and have
funds available far unanticipated expenses or revenue downturns. This fiscally moderate management style
has also allowed the City to continue to provide excellent services without any increase in property tax rates.
The Mayor, City Council, and the Finance Director work extremely hard at keeping our debt low. We plan
our finances so that we can pay cash for many of the facility improvements and acquisitions, and continue to
pay cash for all equipment and other major purchases necessary to maintain our level of services. From 2001
to 2010, the City of Brecksville has enjoyed a Moody's Investors Service bond rating of Aal. In 2010,
Moody's recalibrated their rating criteria to level the ratings between government and private ratings. The
result of this recalibration is that Brecksville's bond rating was increased to Aaa. In 2019, Moody's
downgraded the City's rating to Aal, the level the City was at prior to the recalibration. This rating places
Brecksville at an elite level of government ratings.
The City has received the Government Finance Officers Award (GFOA) Certificate of Achievement for
Excellence since 1990, the year of our first Annual Comprehensive Financial Report (ACFR). The City has
prepared a Popular Annual Financial Report(PAFR) since 2006. The financial information for this report is
taken from the ACFR and condensed into a ten page, reader friendly financial publication. The PAFR has
been submitted to the GFOA annually and has received an Award far Outstanding Achievement each year.
Our commitment to our residents has always been one of full disclosure of the financial position of the City
and work to make that information available to them. The City's website www.brecksville.oh.us contains the
ACFR and PAFR, as well as other financial information related to revenue, expenditures, and property and
income tax.
Contacting the City's Finance Department
This �nancial report is designed to provide our citizens, taxpayers, creditors and investors with a general
overview of the City's finances and demonstrate the City's accountability for all money it receives, spends,
and invests. Please direct any questions about this report or financial infarmation inquiries to Laura Starosta,
Director of Finance, City of Brecksville, 9069 Brecksville Road, Brecksville, Ohio 44141, email
lstarosta@brecksville.oh.us or telephone 440-526-4351.
- 15 -
City of Brecksville,Ohio
Statement of Net Position
December�31,2022
Governmental
Activities
Assets
Fquiry in Pooled Cash and Cash Fquivalents $35,257,528
Cash and Cash Equivalents:
In Segregated Accounts 8,362
With Fiscal Agent 49A,523
With Escrow Agent 3,256,353
Accmed Interest Receivable 22,854
Materials and Supplies Inventory 377,868
Accounts Receivable 130,123
Intergovemmental Receivable 9,876,288
Municipal Income Taxes Receivable 4,945,459
Property Taxes ReceivabLe 5,79Q541
Special Assessments Receivable 673,528
Prepaid Items 290,110
Assets Held for Resale 137,100
Leases Receivable 1,682,892
Net Pension Asset(See Note 12) 99,147
Net OPEB Asset(See Note 13) 1,445,833
Nondepreciable Capital Assets 35,226,33A
Depreciable Capital Assets,Net 98,664,554
TotadAssets 198,383,401
Deferred Outl'lows of Resources
Asset Retirement Obligations 7,823
Deferred Charges on Refunding 32,888
Pension 5,077,187
OPEB 1,032,557
TotadDeferred Outflows ofResources 6,15Q455
Liabilifies
Accounts Payable 351,365
Contracts PayabLe 1,937,529
Retainage Payable 397,I A4
Awmed Wages 769,069
Payroll Withholdings Payable 23,853
Intergovemmental Payable 196,631
Deposits Held Payable 1,576,054
Notes Payable 6,194,454
Acemed Interest Payable 236,329
Claims Payable 313,976
Vacation Benefits Payable 440,959
Long-Term Liabilities:
Due Within One Year 1,890,540
Due In More Tlian One Year:
Net Pension LiabiliTy(See Note 12) 13,982,527
Net OPEB Liability(See Note 13) 1,723,354
Other Amounts 43,866,231
Tota[Liabilikes 73,90Q055
Deferred Inflows of Resources
Properry Taxes 5,593,655
Leases 1,679,974
Pension 8,79Q945
OPEB 2,I 89,175
Tota[DeJerved IeJlows ojResources 18,253,749
Net Position
Netlnveshnentin Capital Assets 88,292,505
Restricted for.
Debt Service 1,042,613
Court Computerization 146,860
Fire DepaRment 1,435,356
Police Department SSQ580
Road Maintenance 382,759
Sneet Constructioq Maintenance,and Repair 1,370,202
Pension Plans 96,243
Other Purposes I 15,573
Unreshicted 18,947,361
Tota[Net Position $112,380,052
See accompanying notes to the busic financial statements
- 16 -
City of Brecksville,Ohio
Statement of Activities
For the Year Ended December 31,2022
Net(Expense)
Revenue and
Changes in
Program Revenues Net Position
Charges for
Services and Operating Capital
Operating Grants and Grants and Governmental
Expenses Assessments Contributions Contributions Activities
Governmental Activities
General Government:
Legislative and Executive $8,212,504 $806,413 $35,883 $2,951,396 ($4,418,812)
Judicial System 89,182 176,350 0 0 87,168
Public Safety:
Police 5,317,879 4,462 1,591,356 0 (3,722,061)
Fire 3,115,344 481,181 309,099 0 (2,325,064)
Public Health and Social Services 1,085,248 88,779 37,651 0 (958,818)
Street Construction,Maintenance,and Repair 4,087,210 6,293 1,062,102 16,785 (3,002,030)
Housing and Community Development 901,426 287,492 25,000 335,609 (253,325)
Basic Utility Services 2,229,433 83,920 23,717 4,382,224 2,260,428
Recreational Activities 2,047,004 1,376,557 106,055 49,637 (514,755)
Interest 1,253,730 0 0 0 (1,253,730)
TotalGovernmentalActivities $28,338,960 $3,311,447 $3,190,863 $7,735,651 (14,100,999)
General Revenues
Property Taxes Levied for:
General Purposes 2,433,794
Fire Department 2,357,515
Road Maintenance 693,388
Police Department 208,016
Municipal Income Taxes Levied for:
General Purposes 17,764,785
Capital Outlay 2,836,670
Grants and Entitlements not Restricted
to Specific Programs 539,245
Unrestricted Contributions and Donations 250,000
Inveshnent Earnings and Other Interest (561,260)
Miscellaneous 604,453
Total General Revenues 27,126,606
Change in Net Position 13,025,607
Net Position Beginning of Year -Restated
(See Note 3) 99,354,445
NetPosition End of Year $ll2,380,052
See accompanying notes to the basic financial statements
- 17 -
City of Brecksville,Ohio
Balance Sheet
Governmental Funds
December 31,2022
General
Obligation General
Fire Bond Municipal
General Department Retirement Improvement
Assets
Equiry in Pooled Cash and Cash Equivalents $11,056,359 $1,562,184 $688,384 $8,868,914
Cash and Cash Equivalents:
In Segregated Accounts 6,362 0 0 0
With Fiscal Agent 0 0 0 0
Accrued Interest Receivable 6,556 801 0 4,870
Materials and Supplies Inventory 256,963 51,250 0 0
Accounts Receivable 83,153 0 1,376 0
Interfund Receivable 2,636,898 0 0 0
Intergovernmental Receivable 385,012 145,801 0 8,664,951
Municipal Income Taxes Receivable 4,625,459 0 0 160,000
Properry Taxes Receivable 2,475,630 2,398,025 0 0
Special Assessments Receivable 0 0 0 0
Prepaid Items 287,015 317 0 0
Assets Held for Resale 137,100 0 0 0
Leases Receivable 1,682,892 0 0 0
Restricted Assets:
Equity in Pooled Cash and Cash Equivalents 1,578,058 0 0 0
Cash and Cash Equivalents with Escrow Agent 0 0 0 0
TotalAssets $25,217,457 $4,158,378 $689,760 $17,698,735
Liabilities
Accounts Payable $245,154 $12,592 SO $31,565
Contracts Payable 20,183 0 0 214,448
Retainage Payable 0 0 0 92,474
Accrued Wages 599,064 120,274 0 0
Payroll Withholdings Payable 16,704 7,149 0 0
Interfund Payable 0 0 0 2,579,598
Intergovernmental Payable 169,674 17,929 0 0
Deposits Held Payable from Restricted Assets 1,573,708 0 0 0
Notes Payable 0 0 44,454 6,150,000
Accrued Interest Payable 0 0 0 67,009
Tota[Liabilities 2,624,487 157,944 44,454 9,135,094
Deferred Inflows of Resources
Property Taxes 2,391,441 2,316,495 0 0
Leases 1,679,974 0 0 0
UnavailableRevenue 2,136,138 227,331 0 8,651,489
Tota[DeferredlnflowsofResources 6,207,553 2,543,826 0 8,651,489
Fund Balances
Nonspendable 724,428 51,567 0 0
Restricted 0 1,405,041 645,306 0
Committed 882,242 0 0 0
Assigned 384,827 0 0 0
Unassigned(Deficit) 14,393,920 0 0 (87,848)
Tota[Fund Ba[ances 16,385,417 1,456,608 645,306 (87,848)
Tota[Liabilities,Deferred Inflows of
Resources and Fund Balances $25,217,457 $4,158,378 $689,760 $17,698,735
See accompanying notes to the basic financial statements
- Ig -
Capital Urban
Redevelopment Other Total
Buildings and Road Tax Increment Governmental Governmental
Improvements Improvements Equivalents Funds Funds
$1,852,958 $1,886,715 $0 $5,675,017 $31,590,531
0 0 0 2,000 8,362
0 0 0 498,523 498,523
1,018 1,036 4,867 2,560 21,708
0 0 0 69,655 377,868
12,197 0 0 32,005 128,731
0 0 0 0 2,636,898
0 0 0 680,524 9,876,288
100,000 60,000 0 0 4,945,459
0 0 0 916,886 5,790,541
0 0 0 673,528 673,528
0 0 0 2,778 290,110
0 0 0 0 137,100
0 0 0 0 1,682,892
0 0 0 2,346 1,580,404
0 0 1,561,351 1,695,002 3,256,353
$1,966,173 $1,947,751 $1,566,218 $10,250,824 $63,495,296
$14,887 $0 $0 $46,791 $350,989
7,000 0 1,561,351 134,547 1,937,529
0 0 0 304,710 397,184
0 0 0 49,731 769,069
0 0 0 0 23,853
0 17,300 0 40,000 2,636,898
0 0 0 9,028 196,631
0 0 0 2,346 1,576,054
0 0 0 0 6,194,454
0 73 0 0 67,082
21,887 17,373 1,561,351 587,153 14,149,743
0 0 0 885,719 5,593,655
0 0 0 0 1,679,974
0 0 0 1,232,978 12,247,936
0 0 0 2,118,697 19,521,565
0 0 0 72,433 848,428
0 0 4,867 4,033,684 6,088,898
1,944,286 1,930,378 0 2,220,848 6,977,754
0 0 0 1,244,030 1,628,857
0 0 0 (26,021) 14,280,051
1,944,286 1,930,378 4,867 7,544,974 29,823,988
$1,966,173 $1,947,751 $1,566,218 $10,250,824 $63,495,296
- 19 -
City of Brecksville,Ohio
Reconciliation of Total Governmental Fund Balances to
Net Position of Governmental Activities
December 31, 2022
Total Governmental Fund Balances $29,823,988
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and
therefore are not reported in the funds. 133,890,892
Other long-term assets are not available to pay for current period expenditures and
therefore are reported as unavailable in the funds:
Delinquent Property Taxes $196,886
Municipal Income Taxes 1,740,222
Charges far Services 98,957
intergovernmental 9,537,192
Special Assessments 673,528
Miscellaneous 1,151
Total 12,247,936
An internal service fund is used by management to charge the costs of insurance to
individual funds. The assets and liabilities of the internal service fund are
included in governmental activities in the statement of net position. 1,774,779
In the statement of activities,interest is accrued on outstanding bonds,whereas in
governmental funds,an interest expenditure is reported when due. (169,247)
Vacation benefits payable are not expected to be paid with expendable available
financial resources and therefore are not reported in the funds. (440,959)
Long-term liabilities are not due and payable in the current period and therefore
are not reported in the funds:
Deferred Charges on Refunding 32,888
General Obligation Bonds (30,902,768)
Tax Increment Financing Revenue Bonds (9,316,800)
Special Assessment Bonds (605,000)
Bond Anticipation Notes (3,600,000)
OPWC Loans (203,023)
Leases (5,366)
Compensated Absences (1,059,809)
Deferred Outflows-Asset Retirement 7,823
Asset Retirement Obligations (64,005)
Total (45,716,060)
The net pension asset,net pension liability,net OPEB asset,and net OPEB liability
are not due and payable in the current period and therefare the assets,liabilities,
and related deferred inflows/outflows are not reported in governmental funds:
Net Pension Asset 99,147
Net OPEB Asset 1,445,833
Deferred Outflows-Pension 5,077,187
Deferred Outflows-OPEB 1,032,557
Net Pension Liabiliry (]3,982,527)
Net OPEB Liability (1,723,354)
Deferred Inflows-Pension (8,790,945)
Deferred Inflows-OPEB (2,189,175)
Total (19,031,277)
Net Posifion of Governmental Activities $ll 2,380,052
- 2� -
City of Brecksville,Ohio
Statement of Revenues,Expenditures and Changes in Fund Balances
Governmental Funds
For the Year Ended December 3L,2022
General
Obligation General
Fire Bond Municipal
General Deparhnent Retirement Improvement
Revenues
Properry Taxes $2,418,360 $2,342,570 $0 $0
Municipal Income Taxes 17,664,275 0 0 960,000
Charges for Services 143,266 0 0 0
Licenses and Permits 1,000,139 0 0 0
Fines,Forfeitures,and Settlements 117,256 0 0 0
Intergovernmental 707,594 290,302 0 809,683
Special Assessments 0 0 0 21,704
Investment Earnings and Other Interest (110,472) (30,779) 0 (214,242)
Contributions and Donations 3,186,612 0 0 10,943
Leases 66,844 0 0 0
Rentals 58,292 0 0 0
Miscellaneous 379,068 1,273 1,376 2,595
Total Revenues 25,631,234 2,603,366 1,376 1,590,683
Expenditures
Current:
General Government:
Legislarive and Executive 8,601,308 0 0 0
Judicial System 130,040 0 0 0
Public Safety:
Police 3,682,507 0 0 0
Fire 33,728 2,829,035 0 0
Public Health and Social Services 1,076,468 0 0 0
Street Construction,Maintenance,and Repair 2,503,614 0 0 0
Housing and Community Development 1,168,558 0 0 0
Basic UtiGty Services 1,710,264 0 0 0
Recreational Activities 0 0 0 0
CapitalOutlay 0 0 0 9,809,654
Debt Service:
Principal Retirement 4,412 0 14,130,000 0
Interest 1,281 0 1,032,625 69,395
Issuance Costs 0 0 263,778 0
TotalExpenditures 18,912,180 2,829,035 15,426,403 9,879,049
Excess of'Revenues Over(Under)Expenditures 6,719,054 (225,669) (15,425,027) (8,288,366)
Other Financing Sources(Uses)
Sale of Capital Assets 3,181 481 0 0
General Obligation Bonds Issued 0 0 11,855,000 0
Premium on General Obligation Bonds 0 0 1,084,006 0
Tax Increment Financing Revenue Bonds Issued 0 0 0 0
Discount on Tax Increment Financing Revenue Bonds 0 0 0 0
Bond Anticipation Notes Issued 0 0 0 3,600,000
InceptionofLease 6,842 0 0 0
Transfers In 0 421,000 2,327,466 4,146,568
Transfers Out (7,468,291) 0 0 (700,989)
Total Other Financing Sources(Uses) (7,458,268) 421,481 15,266,472 7,045,579
Net Change in Fund Ba[ances (739,214) 195,812 (158,555) (1,242,787)
Fund Balances(Deficit)Beginning of Year-
Restated(See Note 3) 17,124,631 1,260,796 A03,861 1,154,939
Fund Balances End of Year $16,385,417 $1,456,608 $645,306 ($87,848)
See accompanying notes to the basic financial statements (continued)
- 21 -
City of Brecksville,Ohio
Statement of Revenues,Expenditures and Changes in Fund Balances
Governmental F�rnds(continued)
For the Year Ended December 3L,2022
Capital Urban
Redevelopment Other Total
Buildings and Roaci Tax Increment Governmental Governmental
Improvements Improvements Equivalents Funds Funds
Revenues
Property Taxes $0 $0 $0 $895,691 $5,656,621
Municipal Income Taxes 1,516,670 360,000 0 0 20,500,945
Charges for Services 0 0 0 1,617,190 1,760,456
Licenses and Permits 0 0 0 174,326 1,174,465
Fines,Forfeitures,and Settlements 0 0 0 8,035 125,291
Intergovernmental 43,885 16,785 0 2,564,655 4,432,904
Special Assessments 0 6,293 0 231,251 259,248
Investment Earnings and OtherInterest (45,910) (53,930) 36,461 (92,574) (511,446)
Conhibutions and Donations 0 0 335,609 40,555 3,573,719
Leases 0 0 0 0 66,844
Rentals 0 0 0 59,181 117,473
Miscellaneous 0 0 0 9,122 393,434
TotalRevenues 1,514,645 329,148 372,070 5,507,432 37,549,954
Expenditures
Current:
General Government:
Legislative and Execurive 0 0 0 9,951 8,611,259
Judicial System 0 0 0 5,133 135,173
Public Safety:
Police 0 0 0 1,6ll,458 5,293,965
Fire 0 0 0 0 2,862,763
Public Health and Social Services 0 0 0 0 1,076,468
Street Construction,Maintenance,and Repair 0 0 0 1,A56,361 4,359,975
Housing and Community Development 0 0 0 27,913 1,196,471
Basic Utiliry Services 0 0 0 5,766 1,716,030
Recreational Activities 0 0 0 2,476,026 2,476,026
CapitalOutlay 374,886 217,877 7,401,847 2,020,437 19,824,701
Debt Service:
Principal Retirement 0 0 0 291,155 14,425,567
Interest 0 1,113 0 312,747 1,417,161
Issuance Costs 0 0 311,345 0 575,123
Total Expenditures 374,886 218,990 7,713,192 8,616,947 63,970,682
Excess ofRevenues Over(Under)Expenditures 1,139,759 110,158 (7,341,122) (3,109,515) (26,420,728)
Other Financing Sources(Uses)
Sale of Capital Assets 0 0 0 2,027 5,689
General Obligation Bonds Issued 0 0 0 0 11,855,000
Premium on General Obligation Bonds 0 0 0 0 1,084,006
Tax Increment Financing Revenue Bonds Issued 0 0 7,734,189 1,970,8ll 9,705,000
Discount on Tax Increment Financing Revenue Bonds 0 0 (388,200) 0 (388,200)
Bond Anticipation Notes Issued 0 0 0 0 3,600,000
Inception of Lease 0 0 0 0 6,842
Transfers In 0 1,430,723 0 1,501,157 9,826,914
Transfers Out (943,837) 0 0 (713,797) (9,826,914)
TotalOthevFinancingSources(Uses) (943,837) 1,430,723 7,345,989 2,760,198 25,868,337
Net Change in Fund Balances 195,922 1,540,881 4,867 (349,317) (552,391)
Fund Balances(Deficit)Beginning of Year-
Restated(See Note 3) 1,748,364 389,497 0 7,894,291 30,376,379
Fund Balances End of Year $1,944,286 $1,930,378 $4,867 $7,544,974 $29,823,988
See accompanying notes to the basic financial statements
- 22 -
City of Brecksville,Ohio
Reconciliation of the Statement ofRevenues,Expendilures and Changes
in Fund Balances of Governmenta[Funds ta the Statement ofActivities
For the Year Ended Deeember 31,2022
Net Change in Fund Balances-Total Governmental Funds ($552,391)
Amounts reported for governmental acfivikes in the statenient of ackvi[ies are different because:
Govemme��ta]fu��ds report capital outlays as expenditures;however,in the statement
of activities,the cost of those assets is alloeated over their estimated useful lives as
deprecia[ion/amor[ization expense. This is the amoun[by which capital outlay
exceeded depreciation/amortiza[ion in the current period.
Capital Asset Additions $21,352,127
Current Year Depreciation/Amortization (3,618,543)
Total 17,733,584
Governmental funds only report the disposal of capital assets to the extent proceeds
are received from the saLe. In the statement of activities,a gain or loss is reported
foreach disposaL (2,937)
Revenues in the statement of activities that do not provide current financial resources
are not reported as revenues in the funds.
Delinquent Property Taxes 36,092
Municipal Income Taxes l OQ5 LO
Charges for Seivices 98,957
Intergovernmental 3,709,136
Special Assessments (291,287)
Miscellaneous 1,151
Total 3,654,559
Other financing sources in the governmenta]funds increase long-term liabilities in[he
statement of net posidon:
General Obligation Bonds issued (11,855,000)
Premium on General Obligation Bonds (1,084,006)
TaxIncrementFinancing Revenue BondsIssued (9,705,000)
Discount on Tax Increment Financing Revenue Bonds 388,200
Bond Anticipation Notes Issued (3,600,000)
Inception of Lease (6,842)
Total (25,862,648)
Repayment oflong-term obligations is an expenditure in the govemmental funds,but
the repayment reduces long-[erm liabilities in[he sta[ement of net position. 14,425,567
Some expenses reported in the statement of activities do not require the use of current
financial resources and therefore are not reported as expenditures in governmental funds.
Accrued Interest on Debt (15,254)
Amor[ization of Premium on Deb[ 208,797
AmoRization of Deferred Charges on Refunding (3Q L 12)
Total 163,431
Some expenses require Ihe use of current financial resources aud[herefore are not
reported as expe�ditures i��govemmental funds.
Compensated Absences 77,ll 1
Vacation Payable (14,340)
Total 62,771
Co�tractually required co�tributions are reported as expenditures in gover�mental funds;
however,the statement of net posi[ion reports[hese amounts as deferred outflows.
Pension 1,929,410
OPEB 27,287
Total 1,956,697
Except for amounts repor[ed as deferred inflows/outflows,changes in the ne[pension/OPEB
asset/liabilities are reported as pension/OPEB expense in the statement of activities.
Pe�sio� 206,984
OPEB 1,190,108
Total 1,397,092
The interna]service fund used by manageme�t to charge the individual funds is reported
in the s[a[ement of activities. Governmental fund expenditures and rela[ed in[ernal
service fund revenues are eliminated. 52,014
Asset retirement obligation expenses reported in the statement of activities do not require
the use of current financia]resources and therefore are not reported as expenditures
in governmeutal fuuds. (2,132)
Net Position ofGovernmental Activides $13,025,607
- 23 -
City of Brecksville,Ohio
Statement of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
GeneralFund
For the Year Ended December 31,2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Property Taxes $2,387,046 $2,387,046 $2,418,360 $31,314
Municipal Income Taxes 15,964,996 15,964,996 17,858,464 1,893,468
Charges for Services 104,100 104,100 143,386 39,286
Licenses and Permits 1,147,500 1,150,768 1,032,765 (118,003)
Fines,Forfeitures,and Settlements 141,050 141,050 173,247 32,197
Intergovernmental 554,847 682,199 678,868 (3,331)
Investment Earnings and Other Interest 150,000 150,000 144,580 (5,420)
Contributions and Donations 28,100 2,924,668 2,936,612 11,944
Rentals 163,855 163,855 177,690 13,835
Miscellaneous 274,397 1,309,588 630,888 (678,700)
TotalRevenues 20,915,891 24,978,270 26,194,860 1,216,590
Expenditures
Current:
General Government:
Legislative and Executive 9,745,375 14,288,315 12,189,868 2,098,447
Judicial System 179,489 159,489 135,102 24,387
Public Safety:
Police 5,594,728 4,171,469 3,668,761 502,708
Fire 23,472 52,991 33,728 19,263
Public Health and Social Services 1,207,141 1,219,841 1,094,431 125,410
Street Construction,Maintenance,and Repair 2,650,372 2,665,633 2,503,946 161,687
Housing and Community Development 1,203,512 1,441,142 1,168,667 272,475
Basic Utility Services 2,165,131 2,242,346 2,042,902 199,444
Debt Service:
Principal Retirement 4,412 4,412 4,412 0
lnterest 1,281 1,281 1,281 0
Total Expenditures 22,774,913 26,246,919 22,843,098 3,403,821
Excess ofRevenues Over(Under)Expenditures (1,859,022) (1,268,649) 3,351,762 4,620,411
Other Financing Sources([Jses)
Sale of Capital Assets 5,000 5,000 3,311 (1,689)
Advances In 300,000 300,000 300,000 0
Advances Out (340,000) (2,579,898) (2,579,898) 0
Transfers Out (1,891,000) (7,468,291) (7,468,291) 0
Total Other Financing Sources(U.ses) (1,926,000) (9,743,189) (9,744,878) (1,689)
Net Change in Fund Balance (3,785,022) (11,011,838) (6,393,ll6) 4,618,722
Fund Balance Beginning of'Year 17,866,076 17,866,076 17,866,076 0
Prior Year Encumbrances Appropriated 476,733 476,733 476,733 0
Fund Balance End of Year $14,557,787 $7,330,971 $11,949,693 $4,618,722
See accompanying notes to the basic financial statements
- 24 -
City of Brecksville,Ohio
Statement of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Fire Department Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Property Taxes $2,312,238 $2,312,238 $2,342,570 $30,332
Intergovernmental 277,469 277,469 291,502 14,033
Investment Earnings and Other Interest 15,000 15,000 22,864 7,864
Miscellaneous 1,302 1,302 1,845 543
Total Revenues 2,606,009 2,606,009 2,658,781 52,772
Expenditures
Current:
Public Safety:
Fire 3,001,166 3,001,166 2,850,460 150,706
Excess ofRevenues Under Expenditures (395,157) (395,157) (191,679) 203,478
Other Financing Sources
Sale of Capital Assets 500 500 481 (19)
TransfersIn 421,000 421,000 421,000 0
Total Other Financing Sources 421,500 421,500 421,481 (19)
Net Change in Pund Balance 26,343 26,343 229,802 203,459
Fund Balance Beginning of Year 1,320,993 1,320,993 1,320,993 0
Prior Year Encumbrances Appropriated 26,474 26,474 26,474 0
Fund Balance E'nd of Year $1,373,810 $1,373,810 $1,577,269 $203,459
See accompanying notes to the basic financial statements
- 25 -
City of Brecksville, Ohio
Statement of Fund Net Position
Proprietary Fund
December 31, 2022
Internal
Service Fund-
Insurance
Assets
Current Assets:
Equity in Pooled Cash and Cash Equivalents $2,086,593
Accounts Receivable 1,392
Accrued Interest Receivable 1,146
Total Assets 2,089,131
Liabilities
Current Liabilities:
Accounts Payable 376
Claims Payable 313,976
Total Liabilities 314,352
Net Position
Unrestricted $1,774,779
See accompanying notes to the basic financial statements
- 26 -
City of Brecksville, Ohio
Statement of Revenues, Expenses and Changes in Fund Net Position
Proprietary Fund
For the Year Ended December 31, 2022
Internal
Service Fund-
Insurance
Operating Revenues
Charges for Services $2,282,574
Miscellaneous 209,868
Total Operating Revenues 2,492,442
Operating Expenses
Purchased Services 4,525
Claims 2,386,089
Total Operating Expenses 2,390,614
Operating Income 101,828
Non-Operating Revenues
Investment Earnings and Other Interest (49,814)
Change in Net Position 52,014
Net Position Beginning of Year 1,722,765
Net Position End of Year $1,774,779
See accompanying notes to the basic financial statements
- 27 -
City of Brecksville, Ohio
Statement of Cash Flows
Proprietary Fund
For the Year Ended December 31, 2022
Internal
Service Fund-
Insurance
Increases(Decreases)in Cash and Cash Equivalents
Cash Flows from Operating Activities
Cash Received from Customers $2,282,574
Other Operating Revenues 220,165
Cash Payments to Suppliers for Purchased Services (4,149)
Cash Payments for Claims (2,291,249)
Net Cash Provided by Operating Activities 207,341
Cash Flows from Investing Activities
Investment Earnings and Other Interest (50,960)
Net Increase in Cash and Cash Equivalents 156,381
Cash and Cash Equivalents Beginning of Year 1,930,212
Cash and Cash Equivalents End of Year $2,086,593
Reconciliation of Operating Income to Net
Cash Provided by Operating Activities
Operating Income $101,828
Adjustments:
Decrease in Assets:
Accounts Receivables 3,231
Intergovernmental Receivable 7,066
Increase in Liabilities:
Accounts Payable 376
Claims Payable 94,840
Total Adjustments 105,513
Net Cash Provided by Operating Activities $207,341
See accompanying notes to the basic financial statements
- 28 -
City of Brecksville, Ohio
Statement of Fiduciary Net Position
Fiduciary Funds
December 31, 2022
Private
Purpose Trust Custodial
Mayor's
Cemetery Court
Assets
Equity in Pooled Cash and Cash Equivalents $3,336 $3,663
Accrued Interest Receivable 2 0
Total Assets 3,338 3,663
Liabilities
Intergovernmental Payable 0 3,663
Net Position
Held in Trust for Cemetery 338 0
Endowments 3,000 0
Total Net Position $3,338 $0
See accompanying notes to the basic financial statements
- 29 -
City of Brecksville, Ohio
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Year Ended December 31, 2022
Private
Purpose Trust Custodial
Mayor's
Cemetery Court
Additions
Fines and Forfeitures for Other Governments $0 $49,018
Investment Earnings and Other Interest (78) 0
Total Additions (78) 49,018
Deductions
Distributions of Court Funds to Other Governments 0 49,018
Net Increase (Decrease) in Fiduciary Net Position (78) 0
Net Position Beginning of Year 3,416 0
Net Position End of Year $3,338 $0
See accompanying notes to the basic financial statements
- 30 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Note 1 —Description of the City and Reporting Entity
The City of Brecksville (the "City") was incorporated under the laws of the State of Ohio in 1921, and
adopted its first charter in 1956. The Charter provides for a Mayor-Council form of government. The
Mayor is elected for a four-year term and the seven Council members are elected at large for staggered
terms. Four Council members are elected at each regular municipal election in November of odd
numbered years. Of the four elected, the three receiving the highest number of votes serve a term of four
years and the fourth serves a term of two years.
Reporting Entity
A reporting entity is comprised of the primary government, component units and other organizations that
are included to ensure that the financial statements are not misleading. The primary government consists
of all funds, departments,boards and agencies that are not legally separate from the City. For the City of
Brecksville, this includes the agencies and departments that provide the following services: police and fire
protection, emergency medical, parks and recreation, planning, zoning, human services, street
maintenance and repair and general administrative services. The operation of each of these activities is
directly controlled by Council through the budgetary process.
Component units are legally separate organizations for which the City is �nancially accountable. The
City is financially accountable for an organization if the City appoints a voting majority of the
organization's governing board; and 1) the City is able to significantly influence the programs or services
performed or provided by the organization; or 2) the City is legally entitled to or can otherwise access the
organization's resources; the City is legally obligated or has otherwise assumed the responsibility to
finance the deficits of, or provide financial support to, the organization; or the City is obligated for the
debt of the organization. Component units may also include organizations that are fiscally dependent on
the City in that the City approves the budget, the issuance of debt or levying the taxes. There are no
component units included as part of this report.
The City participates in one insurance purchasing pool, the Ohio Association of Public Treasurers; five
jointly governed organizations, the Southwest Council of Governments, the Northeast Ohio Public
Energy Council, the Cuyahoga Valley Council of Governments, the Chagrin Valley Dispatch Council,
and the Regional Income Tax Agency; and one related organization, the Brecksville Community
Improvement Corporation. A jointly governed organization is managed by representatives from each of
the governments that create the organization, but there is neither ongoing financial interest nor
responsibility on the part of the participating governments. These organizations are discussed in Notes
21, 22, and 23 to the basic financial statements.
Note 2— Summary of Significant Accounting Policies
The financial statements of the City have been prepared in conformity with generally accepted accounting
principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board
(GASB) is the accepted standard-setting body far establishing governmental accounting and financial
principles. The more significant of the City's accounting policies are described as follows.
Basis of Presentation
The City's basic financial statements consist of government-wide statements, including a statement of net
position and a statement of activities, and fund financial statements which provide a more detailed level
of financial information.
- 31 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Government-wide Financial Statements The statement of net position and the statement of activities
display information about the City as a whole. These statements include the financial activities of the
primary government, except for fiduciary funds. The activity of the internal service fund is eliminated to
avoid "doubling up" revenues and expenses. These statements usually distinguish between those
activities of the City that are governmental and those that are considered business-type. The City,
however, has no business-type activities.
The statement of net position presents the financial condition of the governmental activities of the City at
year-end. The statement of activities presents a comparison between direct expenses and program
revenues for each program or function of the City's governmental activities. Direct expenses are those
that are specifically associated with a service,program or department and therefore clearly identifiable to
a particular function. Program revenues include charges paid by the recipient of the goods or services
offered by the program, grants and contributions that are restricted to meeting the operational or capital
requirements of a particular program and investment earnings earned on grants that is required to be used
to support a particular program. Revenues which are not classified as program revenues are presented as
general revenues of the City, with certain limited exceptions. The comparison of direct expenses with
program revenues identi�es the extent to which each governmental function is self-�nancing or draws
from the general revenues of the City.
Fund Financial Statements During the year, the City segregates transactions related to certain City
functions or activities in separate funds in order to aid financial management and to demonstrate legal
compliance. Fund financial statements are designed to present financial information of the City at this
more detailed level. The focus of governmental fund financial statements is on major funds. Each major
fund is presented in a separate column. Nonmajor funds are aggregated and presented in a single column.
The internal seroice fund is presented in a single column on the face of the proprietary fund statements.
Fiduciary funds are reported by type.
Fund Accounting
The City uses funds to maintain its financial records during the year. A fund is defined as a fiscal and
accounting entity with a self-balancing set of accounts. There are three categories of funds:
governmental,proprietary and fiduciary.
Governmental Funds Governmental funds are those through which most governmental functions are
financed. Governmental fund reporting focuses on the sources, uses and balances of current financial
resources. Expendable assets are assigned to the various governmental funds according to the purposes
for which they may or must be used. Current liabilities are assigned to the fund from which they will be
paid. The difference between governmental fund assets and deferred outflows of resources, and liabilities
and deferred inflows of resources is reported as fund balance. The following are the City's major
governmental funds:
General Fund The general fund accounts for and reports all financial resources except those
required to be accounted for and reported in another fund. The general fund balance is available
to the City for any purpose provided it is expended or transferred according to the charter of the
City of Brecksville and/or the general laws of Ohio.
Fire Department Fund This fund is used to account for and report monies derived from a 3.4
mill charter levy restricted to providing equipment and personnel for the fire department.
General Obligation Bond Retirement Fund This fund is used to account for and report transfers
in and tax levies that are restricted for the repayment of general obligation debt.
- 32 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
General Municipal Improvement Fund This fund accounts for and reports the City income tax
committed for the acquisition, construction, and improvement of various facilities within the City.
Buildings and Improvements Fund This fund accounts for and reports City income tax
committed to the acquisition, construction, and improvement of major capital facilities.
Road Improvements Fund This fund accounts for and reports income tax monies committed to
the improvements of various City roads.
Capital Urban Redevelopment Tax IncNement Equivalents Fund This fund accounts for and
reports bond proceeds restricted for the development of what is known as Valor Acres. The fund
did not have any budgetary activity in 2022; therefare,budgetary information is not provided.
The other governmental funds of the City account for grants and other resources whose use is restricted,
committed or assigned to a particular purpose.
Proprietary Fund Proprietary fund reporting focuses on the determination of operating income, changes
in net position, financial position and cash flows. The City's only proprietary fund is classified as an
internal service fund.
Internal SeNvice Fund Internal service funds account for the financing of services provided by
one department or agency to other departments or agencies of the City on a cost-reimbursement
basis. The City's only internal service fund is a health fund that accounts for prescription drug
and hospital/medical claims of the City employees.
Fiduciary Funtls Fiduciary fund reporting focuses on net position and changes in net position. The
fiduciary fund category is split into four classifications: pension (and other employee benefit) trust funds,
investment trust funds, private purpose trust funds and custodial funds. Trust funds are distinguished
from custodial funds by the existence of a trust agreement or equivalent arrangement that has certain
characteristics. The City's only trust fund is a private purpose trust which accounts for the perpetual care
and maintenance of an individual family's burial plots in the City's cemetery through an endowment.
Custodial funds are used to report fiduciary activities that are not required to be reported in a trust fund.
The Ciry's only custodial fund accounts for various fines and forfeitures collected for the benefit of and
distributed to other governments. When the fines and forfeitures are collected, no further action is needed
to release the assets to the beneficiaries.
Measurement Focus
Government-wide Financial Statements The government-wide �nancial statements are prepared using
the economic resources measurement focus. All assets and deferred outflows of resources and all
liabilities and deferred inflows of resources associated with the operation of the City are included on the
statement of net position. The statement of activities presents increases (e.g. revenues) and decreases
(e.g. expenses)in total net position.
Fund Financial Statements All governmental funds are accounted for using a flow of current financial
resources measurement focus. With this measurement focus, only current assets and deferred outflows of
resources and current liabilities and deferred inflows of resources, generally, are included on the balance
sheet. The statement of revenues, expenditures and changes in fund balances reports on the sources (i.e.,
revenues and other financing sources) and uses (i.e., expenditures and other financing uses) of current
financial resources. This approach differs from the manner in which the governmental activities of the
government-wide financial statements are prepared. Governmental fund financial statements therefore
include a reconciliation with brief explanations to better identify the relationship between the
government-wide statements and the statements for governmental funds.
- 33 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Like the government-wide statements, all proprietary and fiduciary funds are accounted for on a flow of
economic resources measurement focus. All assets and deferred outflows of resources and all liabilities
and deferred inflows of resources associated with the operation of these funds are included on the
statement of fund net position. In fiduciary funds, a liability to the beneficiaries of fiduciary activity is
recognized when an event has occurred that compels the government to disburse fiduciary resources.
Fiduciary fund liabilities other than those to beneficiaries are recognized using the economic resources
measurement focus.
For proprietary funds, the statement of changes in fund net position presents increases (i.e.,revenues) and
decreases (i.e., expenses) in net total position. The statement of cash flows provides information about
how the City finances and meets the cash flow needs of its proprietary activities.
Fiduciary funds present a statement of changes in fiduciary net position, which reports additions to and
deductions from investment trust,private purpose trust funds, and custodial funds.
Basis of Accounting
Basis of accounting determines when transactions are recorded in the financial records and reported on
the financial statements. Government-wide financial statements are prepared using the accrual basis of
accounting; proprietary and fiduciary funds also use the accrual basis of accounting. Governmental funds
use the modified accrual basis of accounting. Differences in the accrual and modified accrual basis of
accounting arise in the recognition of revenue, in the recording of deferred outflows/inflows of resources,
and in the presentation of expenses versus expenditures.
Revenues-Exchange and Non-Exchange Transactions Revenue resulting from exchange transactions,
in which each party gives and receives essentially equal value, is recorded on the accrual basis when the
exchange takes place. On a modified accrual basis,revenue is recorded in the year in which the resources
are measurable and become available. Available means that the resources will be collected within the
current year or are expected to be collected soon enough thereafter to be used to pay liabilities of the
current year. For the Ciry, available means expected to be received within sixty days of year-end.
Non-exchange transactions, in which the City receives value without directly giving equal value in return,
include income taxes, property taxes, grants, entitlements and donations. On an accrual basis, revenue
from income taxes is recognized in the period in which the income is earned. Revenue from property
taxes is recognized in the year for which the taxes are levied. (See Note 6.) Revenue from grants,
entitlements and donations is recognized in the year in which all eligibility requirements have been
satisfied. Eligibility requirements include timing requirements, which specify the year when the
resources are required to be used or the year when use is first permitted, matching requirements, in which
the City must provide local resources to be used for a specified purpose, and expenditure requirements, in
which the resources are provided to the City on a reimbursement basis. On a modified accrual basis,
revenue from non-exchange transactions must also be available before it can be recognized.
Under the modified accrual basis,the following revenue sources are considered to be both measurable and
available at year-end: income taxes, EMS services, state-levied locally shared taxes (including gasoline
tax and motor vehicle license fees), grants, and rentals.
Deferred Outflows/Inflows of Resources In addition to assets, the statements of financial position will
sometimes report a separate section for deferred outflows of resources. Deferred outflows of resources,
represents a consumption of net assets that applies to a future period and will not be recognized as an
outflow of resources (expense/expenditure) until then. For the City, deferred outflows of resources
include asset retirement obligations, deferred charges on refunding, pension and OPEB reported on the
- 34 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
government-wide statement of net position. The deferred outflows of resources related to asset retirement
obligations is originally measured at the amount of the corresponding liability. This amount is expensed
in a systematic and rational manner over the tangible asset's useful life. Deferred charges on refunding
result from the difference in the carrying value of refunded debt and its reacquisition price. This amount
is deferred and amortized over the shorter of the life of the refunded or refunding debt. The deferred
outflows of resources related to pension and OPEB plans are explained in Notes 12 and 13.
In addition to liabilities, the statements of financial position report a separate section for deferred inflows
of resources. Deferred inflows of resources represent an acquisition of net assets that applies to a future
period and will not be recognized until that time. For the City, deferred inflows of resources include
property taxes, leases, pension, OPEB, and unavailable revenue. Property taxes represent amounts for
which there is an enforceable legal claim as of December 31, 2022,but which were levied to finance 2023
operations. These amounts have been recorded as a deferred inflow on both the government-wide
statement of net position and the governmental fund financial statements. The deferred inflow for leases
is related to leases receivable and is being recognized as lease revenue in a systematic and rational
manner over the term of the lease. Unavailable revenue is reported only on the governmental funds
balance sheet, and represents receivables which will not be collected within the available period. For the
City, unavailable revenue includes delinquent property taxes, municipal income taxes, charges for
services, intergovernmental grants, special assessments, and miscellaneous revenues. These amounts are
deferred and recognized as an inflow of resources in the period the amounts become available. The
details of these unavailable revenues are identified on the reconciliation of total governmental fund
balance to net position of governmental activities found on page 20. Deferred inflows of resources
related to pension and OPEB plans are reported on the government-wide statement of net position (see
Notes 12 and 13).
Expenses/Expenditures On the accrual basis of accounting, expenses are recognized at the time they are
incurred. The measurement focus of governmental fund accounting is on decreases in net financial
resources (expenditures) rather than expenses. Expenditures are generally recognized in the accounting
period in which the related fund liability is incurred, if ineasurable. Allocations of cost, such as
depreciation and amortization, are not recognized in governmental funds.
Budgetary Process
All funds, except custodial funds, are legally required to be budgeted and appropriated. Budgetary
information far the debt urban redevelopment tax increment equivalents debt service fund and capital
urban redevelopment tax increment equivalents capital projects fund are not reported because it is not
included in the entity for which the "appropriated budget" is adopted. The major documents prepared are
the tax budget, the certificate of estimated resources, and the appropriations ordinance, all of which are
prepared on the budgetary basis of accounting. The tax budget demonstrates a need for existing or
increased tax rates. The certificate of estimated resources establishes a limit on the amount Council may
appropriate. The appropriations ordinance is Council's authorization to spend resources and sets annual
limits on expenditures plus encumbrances at the level of control selected by Council. The legal level of
budgetary control is at the personal services and other object level within each department for a11 funds.
Budgetary modifications may only be made by ordinance of the City Council at the legal level of control.
The certificate of estimated resources may be amended during the year if projected increases or decreases
in revenue are identified by the finance director. The amounts reported as the original and final budgeted
amounts on the budgetary statements reflect the amounts on the certificate of estimated resources when
the original and final appropriations were enacted by Council.
- 35 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
The appropriation resolution is subject to amendment throughout the year with the restriction that
appropriations cannot exceed estimated resources. The amounts reported as the original budgeted
amounts reflect the first appropriation resolution for that fund that covered the entire year, including
amounts automatically carried forward from prior years. The amounts reported as the final budgeted
amounts represent the final appropriation amounts passed by Council during the year.
Equity in Pooled Cash and Cash Equivalents
To improve cash management, cash received by the City is pooled. Individual fund integrity is
maintained through the City's records. Investment earnings and other interest in the pool is presented as
"equity in pooled cash and cash equivalents".
The City has segregated bank accounts for monies held separate from the City's central bank account.
These interest-bearing depository accounts are presented as "cash and cash equivalents in segregated
accounts" since they are not required to be deposited into the City treasury.
The City is financing the construction of a new field house as part of the new school in the Brecksville-
Broadview Heights City School District, which the School District is holding as fiscal agent as part of the
total construction of the school building. The balances in these accounts are presented on the statement of
fund net position as "cash and cash equivalents with fiscal agent."
The City utilizes a financial institution to service revenue bonded debt as principal and interest payments
come due and the urban redevelopment renovation payments as prescribed by the agreement when they
come due. The balances in these accounts are presented on the statement of net position as "cash and
cash equivalents with escrow agent."
During 2022, investments were limited to STAR Ohio, American treasury obligation fund accounts,
government securities, negotiable certificates of deposit, municipal securities, Tennessee Valley authority
bonds, US treasury bonds and notes, and commercial paper.
STAR Ohio (the State Treasury Asset Reserve of Ohio), is an investment pool managed by the State
Treasurer's Office which allows governments within the State to pool their funds for investment
purposes. STAR Ohio is not registered with the SEC as an investment company, but has adopted
Government Accounting Standards Board (GASB), Statement No. 79, Certain External Investment Pools
and Pool Participants. The City measures their investment in STAR Ohio at the net asset value (NAV)
per share provided by STAR Ohio. The NAV per share is calculated on an amortized cost basis that
provides an NAV per share that approximates fair value.
For 2022, there were no limitations or restrictions on any participant withdrawals due to redemption
notice periods, liquidity fees, or redemption gates; however, 24 hours advance notice for deposits and
withdrawals of $100 million or more is encouraged. STAR Ohio reserves the right to limit the
transactions to $250 million per day, requiring the excess amount to be transacted the following business
day(s), but only to the $250 million limit. All accounts of the participant will be combined for these
purposes.
American treasury obligation fund accounts, governmental securities, negotiable certificates of deposit,
municipal securities, Tennessee Valley authority bonds, US treasury bonds and notes, and commercial
paper are reported at fair value, which is based on quoted market prices. Gains (or losses) to fair value are
booked annually as "investment earnings and other interest." The fair value of investments continued to
decline during 2022,resulting in negative investment earnings and other interest revenue of($561,260) in
governmental activities.
- 36 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Investment procedures are restricted by the provisions of the Ohio Revised Code. Investment earnings and
other interest revenue is distributed to all funds. Investment earnings and other interest revenue credited to the
general fund during 2022 amounted to($110,472),of which$34,690 was assigned from other funds.
Investments of the cash management pool and investments with an original maturity of three months or less at
the time they are purchased by the Ciry are presented on the financial statements as cash equivalents.
Materials and Supplies Inventory
Inventories are presented at cost on a first-in, first-out basis and are expended/expensed when used.
Inventory consists of expendable supplies.
Prepaid Items
Payments made to vendors for services that will benefit periods beyond December 31, 2022, are recorded as
prepaid items using the consumption method by recording a current asset for the prepaid amount and reflecting
the expenditure/expense in the year in which services are consumed.
Assets Held for Resale
Assets held for resale represent various land and buildings received by the City,which will be sold.
Restricted Assets
Assets are reported as restricted when limitations on their use change in nature or normal understanding
of the availability of the asset. Such constraints are either externally imposed by creditors, contributors,
grantors, or laws of other governments or imposed by law through constitutional provisions or enabling
legislation. Restricted assets in the general fund and community center special revenue fund represent
money set aside for unclaimed monies and amounts held for contractors. Restricted assets in the debt
urban redevelopment tax increment equivalents debt service fund represent money set aside for bond
principal and interest payments. Restricted assets in the capital urban redevelopment tax increment
equivalents capital projects fund represent money set aside for the multi-use residential properties and
commercial facilities.
Capital Assets
The City's only capital assets are general capital assets. General capital assets are capital assets which are
associated with and generally arise from governmental activities. They generally result from expenditures in
the governmental funds. General capital assets are reported in the governmental activities column of the
government-wide statement of net position but are not reported in the fund fmancial statements.
All capital assets (except for intangible right-to-use lease assets which are discussed later) are capitalized at
cost(or estimated historical cost)and updated for additions and retirements during the year. The City was able
to estimate the historical cost for the initial reporting of infrastructure by backtrending (i.e., estimating the
current replacement cost of the infrastructure to be capitalized and using an appropriate price-level index to
deflate the cost to the acquisition year or estimated acquisition year). Donated capital assets are recorded at
their acquisition values as of the date received. The City maintains a capitalization threshold of $5,000.
Improvements are capitalized; the costs of normal maintenance and repairs that do not add to the value of the
asset or materially extend an asset's life are not.
- 37 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
All reported capital assets are depreciated, except for land and construction in progress. Improvements are
depreciated over the remaining useful lives of the related capital assets. Useful lives for infrastructure were
estimated based on the City's historical records of necessary improvements and replacement. Depreciation is
computed using the straight-line method over the following useful lives:
Description Estimated Lives
Land N/A
Land Improvements 5 - 50 years
Buildings and Improvements 5 -60 years
Machinery and Equipment 3 - 50 years
Furniture and Fixtures 5 -40 years
Infrastructure 10-99 years
The City's infrastructure consists of roads, sidewalks,guardrails,traffic signals, storm sewers, sanitary sewers,
and water lines and includes infrastructure acquired prior to December 31, 1980.
The City is reporting intangible right to use assets related to leased equipment. The lease asset is initially
measured as the initial amount of the lease liability, adjusted for lease payments made at or before the lease
commencement date,plus certain initial direct costs. Subsequently,these intangible assets are being amortized
in a systematic and rational manner over the shorter of the lease term or the useful life of the underlying asset.
Interfund Balances
On fund financial statements, outstanding interfund loans and unpaid amounts for interfund services are
reported as "interfund receivables/payables." Interfund balance amounts are eliminated in the statement
of net position.
Pensions/Other Postemployment Benefits(OPEB)
For purposes of ineasuring the net pension/OPEB asset/liabilities, deferred outflows of resources and
deferred inflows of resources related to pensions/OPEB, and pension/OPEB expense, information about
the fiduciary net position of the pension/OPEB plans and additions to/deductions from their fiduciary net
position have been determined on the same basis as they are reported by the pension/OPEB plans. For
this purpose, benefit payments (including refunds of employee contributions) are recognized when due
and payable in accordance with the benefit terms. The pension/OPEB plans report investments at fair
value.
Compensated Absences
Vacation benefits are accrued as a liability as the benefits are earned if the employees' rights to receive
compensation are attributed to services already rendered and it is probable that the City will compensate
the employees for the benefits through paid time off or some other means. The City records a liability for
accumulated unused vacation time when earned for all employees with more than one year of service.
Since the City's policy limits the accrual of vacation time to one year from the employee's anniversary
date, the outstanding liability is recorded as "vacation benefits payable" on the statement of net position
rather than as a long-term liability.
Sick leave benefits are accrued as a liability using the termination method. An accrual for sick leave is
made to the extent that it is probable that benefits will result in termination payments. The liability is an
estimate based on the City's past experience of making termination payments.
- 38 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Accrued Liabilities and Long-Term Obligations
All payables, accrued liabilities and long-term obligations are reported in the government-wide financial
statements, and all payables, accrued liabilities and long-term obligations payable from the proprietary
fund are reported on the proprietary fund financial statements. In general, governmental fund payables
and accrued liabilities that, once incurred, are paid in a timely manner and in full from current financial
resources, are reported as obligations of the funds; however, claims and compensated absences that will
be paid from governmental funds are reported as a liability in the fund financial statements only to the
extent that they are due for payment during the current year. Bonds, bond anticipation notes, long-term
loans, and leases are recognized as a liability on the governmental fund financial statements when due.
Net pension/OPEB liabilities should be recognized in the governmental funds to the extent that benefit
payments are due and payable and the pension/OPEB plans' fiduciary net position is not sufficient for
payment of those benefits.
Fund Balance
Fund balance is divided into five classifications based primarily on the extent to which the City is bound
to observe constraints imposed upon the use of the resources in the governmental funds. The
classifications are as follows:
Nonspendable The nonspendable fund balance category includes amounts that cannot be spent
because they are not in spendable form, or legally or contractually required to be maintained
intact. The "not in spendable form" criterion includes items that are not expected to be converted
to cash. It also includes property acquired for resale and the long-term amount of interfund loans,
unless the use of the proceeds from the sale of those properties and the proceeds from the
collection of those receivables are restricted, committed, or assigned.
Restricted Fund balance is reported as restricted when constraints placed on the use of resources
are either externally imposed by creditors (such as through debt covenants), grantors,
contributors, or laws or regulations of other governments or is imposed by law through
constitutional provisions ar enabling legislation(City ordinances).
Enabling legislation authorizes the City to assess, levy, charge, or otherwise mandate payment of
resources (from external resource providers) and includes a legally enforceable requirement that
those resources be used only for the specific purposes stipulated in the legislation. Legal
enforceability means that the City can be compelled by an external party-such as citizens, public
interest groups, or the judiciary to use resources created by enabling legislation only for the
purposes specified by the legislation.
Committed The committed fund balance classification includes amounts that can be used only
for the specific purposes imposed by the highest level formal action (ordinance or resolution, as
both are equally binding) of City Council. Those committed amounts cannot be used for any
other purpose unless City Council removes or changes the specified use by taking the same type
of action (ordinance or resolution) it employed to previously commit those amounts. In contrast
to fund balance that is restricted by enabling legislation, the committed fund balance
classification may be redeployed for other purposes with appropriate due process. Constraints
imposed on the use of committed amounts are imposed by City Council, separate from the
authorization to raise the underlying revenue; therefore, compliance with these constraints is not
considered to be legally enforceable. Committed fund balance also incorporates contractual
obligations to the extent that existing resources in the fund have been specifically committed for
use in satisfying those contractual requirements.
- 39 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Assigned Amounts in the assigned fund balance classification are intended to be used by the
City for specific purposes but do not meet the criteria to be classified as restricted or committed.
In governmental funds other than the general fund, assigned fund balance represents the
remaining amount that is not restricted or committed. These amounts are assigned by City
CounciL In the general fund, assigned amounts represent intended uses established by City
Council or a City official delegated that authority by City Charter or ordinance or by State statute.
State statute authorizes the finance director to assign fund balance for purchases on order
provided such amounts have been lawfully appropriated. City Council assigned fund balance to
cover a gap between estimated revenue and appropriations in the 2023 appropriated budget.
Ilnassigned Unassigned fund balance is the residual classification for the general fund and
includes all spendable amounts not contained in the other classifications. In other governmental
funds, the unassigned classification is used only to report a deficit balance.
The City applies restricted resources first when expenditures are incurred for purposes for which either
restricted or unrestricted (committed, assigned, and unassigned) amounts are available. Similarly, within
unrestricted fund balance, committed amounts are reduced first followed by assigned, and then
unassigned amounts when expenditures are incurred for purposes for which amounts in any of the
unrestricted fund balance classifications could be used.
Net Position
Net position represents the difference between all other elements in the statement of net position. Net
investment in capital assets consists of capital assets, net of accumulated depreciation, reduced by the
outstanding balances of any borrowing used for the acquisition, construction or improvement of those
assets. Net position is reported as restricted when there are limitations imposed on their use through
external restrictions imposed by creditors, grantors or laws or regulations of other governments. Amounts
restricted for pension plans represent the restricted asset after considering the related deferred outflows
and deferred inflows. Net position restricted for other purposes included resources which will be used for
unclaimed monies,Natureworks grants, recycling demolition grant, and tree programs.
The City applies restricted resources first when an expense is incurred for purposes for which both
restricted and unrestricted net position is available.
Operating Revenues and Expenses
Operating revenues are those revenues that are generated directly from the primary activity of the
proprietary fund. For the City, these revenues are charges for services for self-insurance programs.
Operating expenses are necessary costs incurred to provide the service that is the primary activity of the
fund. Revenues and expenses not meeting these defmitions are reported as nonoperating.
OneOhio Opioid Settlement Monies
During 2021, Ohio reached an agreement with the three largest distributors of opioids. Although the
settlement has been reached, uncertainties remain related to measurement. As a participating subdivision,
the City received the first of eighteen distributions in 2022. This distribution of$2,083 is reflected as
fines, forfeitures and settlements revenue in the OneOhio Opioid Settlement special revenue fund in the
accompanying financial statements.
-40 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Internal Activity
Transfers between governmental activities are eliminated on the government wide �nancial statements.
Internal allocations of overhead expenses from one function to another or within the same function are
eliminated on the statement of activities. Interfund payments for services provided and used are not
eliminated.
Exchange transactions between funds are reported as revenues in the seller funds and as
expenditures/expenses in the purchaser funds. Flows of cash or goods from one fund to another without a
requirement for repayment are reported as interfund transfers. Interfund transfers are reported as other
financing sources/uses in governmental funds. Repayments from funds responsible for particular
expenditures/expenses to the funds that initially paid for them are not presented on the financial
statements.
Premiums and Discounts
On the government-wide financial statements, premiums and discounts are amortized over the term of the
debt issuance using the straight-line method. Debt issuances are reported net of the applicable premium
or discount. On the governmental fund statements, premiums and discounts are recognized in the period
in which the debt issuances are issued. Under Ohio law,premiums on the original issuance of debt are to
be deposited to the debt service fund to be used for debt retirement and are precluded from being applied
to the project fund. Ohio law does allow premiums on refunding debt to be used as part of the payment to
the bond escrow agent.
Deferred Charges on Refunding
On the government-wide financial statements,the difference between the reacquisition price (funds required
to refund the old debt) and the net carrying amount of the old debt, the gain/loss on the refunding, is being
amortized as a component of interest expense. This deferred amount is amortized over the life of the old or
new debt, whichever is shorter, using the effective interest method and is presented as deferred outflows of
resources on the statement of net position.
Leases
The City serves as both lessee and lessor in various noncancellable leases. These leases are accounted for
as follows:
Lessee At the commencement of a lease, the City initially measures the lease liability at the
present value of payments expected to be made during the lease term. Subsequently, the lease
liability is reduced by the principal portion of lease payments made. The lease asset is initially
measured as the initial amount of the lease liability, adjusted for lease payments made at or before
the lease commencement date, plus certain initial direct costs. Subsequently, the lease asset is
amortized on a straight-line basis over its useful life. Lease assets are reported with other capital
assets and lease liabilities are reported with long-term debt on the statement of net position.
Lessor At the commencement of a lease, the City initially measures the lease receivable at the
present value of payments expected to be received during the lease term. Subsequently, the lease
receivable is reduced by the principal portion of lease payments received. In most cases, the
deferred inflow of resources is initially measured as the initial amount of the lease receivable,
adjusted for lease payments received at or before the lease commencement date. Subsequently,
the deferred inflow of resources is recognized as revenue over the life of the lease term.
-41 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Estimates
The preparation of the financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect the amounts reported in the financial
statements and accompanying notes. Actual results may differ from those estimates.
Note 3 — Changes in Accounting Principles and Restatement of Fund Balances and Net
Position
Changes in Accounting Principles
For fiscal year 2022, the City implemented Governmental Accounting Standards Board (GASB)
Statement No. 87, Leases and related guidance from (GASB) Implementation Guide No. 2019-3, Leases.
The City also implemented GASB Statement No. 91, Conduit Debt Obligations, GASB Statement No. 92,
Omnibus 2020, GASB Statement No. 97, Certain Component Unit Criteria, and Accounting and
Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans, and
Implementation Guide No. 2020-1.
GASB Statement 87 enhances the relevance and consistency of information of the government's leasing
activities. It establishes requirements for lease accounting based on the principle that leases are financings
of the right to use an underlying asset. A lessee is required to recognize a lease liability and an intangible
right to use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of
resources. These changes were incorporated in the City's 2022 financial statements. The City recognized
$1,215,201 in leases receivable at January 1, 2022; however, $1,213,327 was offset by the deferred
inflows related to leases. The difference of$1,874 is due to amounts received by lessees after the end of
the prior year but that were due prior to the end of the year. The City also recognized $2,936 in leases
payable at January 1, 2022 which was offset by the intangible asset,right to use lease—equipment.
GASB 91 clarifies the existing definition of a conduit debt obligation; establishing that a conduit debt
obligation is not a liability of the issuer; establishing standards for accounting and financial reporting of
additional commitments and voluntary commitments extended by issuers and arrangements associated
with conduit debt obligations; and improving required note disclosures.
GASB 92 addresses a variety of topics including reporting by public entity risk pools for amounts that are
recoverable from reinsurers or excess insurers and references to nonrecurring fair value measurements of
assets or liabilities in authoritative literature. These changes did not impact the City's financial
statements.
GASB 97, among other items, requires that a Section 457 plan be classified as either a pension plan or an
other employee benefit plan depending on whether the plan meets the definition of a pension plan.
The changes for GASB 91 and GASB 97 were incorporated in the City's 2022 fmancial statements;
however, there was no effect on beginning net position/fund balance.
-42 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Restatement of Fund Balances and Net Position
The implementation of GASB 87 had the following effect on fund balances:
General
Obligation General
Fire Bond Municipal
General Department Retirement Improvement
Fund Balances December 31,2021 $17,122,757 $1,260,796 $803,861 $1,154,939
GASB 87 1,874 0 0 0
Restated Fund Balances December 31,2021 $17,124,631 $1,260,796 $803,861 $1,154,939
Other Total
Buildings and Road Governmental Governmental
Improvements Improvements Funds Funds
Fund Balances December 31,2021 $1,748,364 $389,497 $7,894,291 $30,374,505
GASB 87 0 0 0 1,874
Restated Fund Balances December 31,2021 $1,748,364 $389,497 $7,894,291 $30,376,379
The implementation of GASB 87 increased governmental activities net position at December 31, 2021 in
the amount of$1,874, from$99,352,571 to $99,354,445.
Note 4—Budgetary Basis of Accounting
While the City is reporting financial position,results of operations and changes in fund balance on the basis of
generally accepted accounting principles (GAAP), the budgetary basis as provided by 1aw is based upon
accounting for certain transactions on a basis of cash receipts, disbursements and encumbrances. The
Statement of Revenues,Expenditures and Changes in Fund Balances-Budget(Non-GAAP Basis)and Actual,
presented for the general and fire department funds, is presented on the budgetary basis to provide a
meaningful comparison of actual results with the budget.
The major differences between the budget basis and GAAP basis are as follows:
1. Revenues are recorded when received in cash (budget) as opposed to when susceptible to accrual
(GAAP).
2. Investments reported at cost(budget)rather than fair value(GAAP).
3. Advances In and Advances Out are operating transactions (budget) as opposed to balance sheet
transactions(GAAP).
-43 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
4. Expenditures are recorded when paid in cash (budget) as opposed to when the liability is incurred
(GAAP).
5. Encumbrances are treated as expenditures (budget) rather than as restricted, committed, or assigned
fund balances(GAAP).
Adjustments necessary to convert the results of operations at the end of the year on the GAAP basis to the
Budget basis are as follows:
Net Change in Fund Balance
General Fund and Fire Department Special Revenue Fund
Fire
General Department
GAAP Basis ($739,214) $195,812
Net Adjustment for Revenue Accruals 247,478 971
Beginning Fair Value Adjustment for Investments (72,319) 0
Ending Fair Value Adjustment for Investments 381,755 54,444
Advances In 300,000 0
Advances Out (2,579,898) 0
Net Adjustment for Expenditure Accruals (2,824,143) 10,785
Encumbrances (1,106,775) (32,210)
Budget Basis ($6,393,116) $229,802
Note 5—Deposits and Investments
The City is a charter City and follows their established investment policy. The City has elected to follow
the provisions of State statute and classify monies held by the City into three categories.
Active deposits are public deposits determined to be necessary to meet current demands upon the City
treasury. Active monies must be maintained either as cash in the City treasury, in commercial accounts
payable or withdrawable on demand, including negotiable order of withdrawal (NOW) accounts, or in
money market deposit accounts.
Inactive deposits are public deposits that Council has identified as not required far use within the current
five year period of designation of depositories. Inactive deposits must either be evidenced by certificates
of deposit maturing not later than the end of the current period of designation of depositories, or by
savings or deposit accounts including,but not limited to,passbook accounts.
Interim deposits are deposits of interim monies. Interim monies are those monies which are not needed
for immediate use but which will be needed before the end of the current period of designation of
depositories. Interim deposits must be evidenced by time certificates of deposit maturing not more than
one year from the date of deposit or by savings or deposit accounts including passbook accounts.
-44 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Interim monies held by the City can be deposited or invested in the following securities:
1. United States Treasury bills, bonds notes, or any other obligation or security issued by the
United States Treasury, or any other obligation guaranteed as to principal and interest by
the United States;
2. Bonds, notes, debentures, or any other obligations or securities issued by any federal
government agency or instrumentality, including, but not limited to, Federal National
Mortgage Association, Federal Home Loan Bank, Federal Farm Credit Bank, Federal
Home Loan Mortgage Corporation, and Government National Mortgage Association. All
federal agency securities shall be direct issuances of federal government agencies or
instrumentalities;
3. No-load money market mutual funds consisting exclusively of obligations described in
(1) or (2) and repurchase agreements secured by such obligations, provided that
investments in securities described in this division are made only through eligible
institutions;
4. Time certificates of deposit or savings or deposit accounts including, but not limited to,
passbook accounts;
5. Bonds and other obligations of the State of Ohio, and with certain limitations including a
requirement for maturity within ten years from the date of settlement, bonds and other
obligations of political subdivision of the State of Ohio, if training requirements have
been met;
6. The State Treasurer's investment pool(STAR Ohio);
7. Certain bankers' acceptances (for a period not to exceed one hundred eighty days) and
commercial paper notes (for a period not to exceed two hundred seventy days) in an
amount not to exceed 40 percent of the interim monies available for investment at any
one time if training requirements have been met; and
8. Written repurchase agreements in the securities described in (1) or (2) provided the
market value of the securities subject to the repurchase agreement must exceed the
principal value of the agreement by at least two percent and be marked to market daily,
and the term of the agreement must not exceed thirty days.
Investments in stripped principal or interest obligations, reverse repurchase agreements, and derivatives
are prohibited. The issuance of taxable notes for the purpose of arbitrage, the use of leverage and short
selling are also prohibited.
Investments may only be made through specified dealers and institutions. Payment for investments may
be made only upon delivery of the securities representing the investments to the treasurer or, if the
securities are not represented by a certificate,upon receipt of confirmation of transfer from the custodian.
The City has passed an ordinance allowing the City to invest monies not required to be used for a period
of six months or more in the following:
1. Bonds of the State of Ohio;
-45 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
2. Bonds of any municipal corporation, village, county, township, or other political subdivision of
this State, as to which there is no default of principal, interest or coupons; and
3. Obligations of the City.
Deposits
Custodial Credit Risk Custodial credit risk for deposits is the risk that in the event of a bank failure, the
City will not be able to recover deposits ar collateral securities that are in the possession of an outside
party. At December 31, 2022, $619,820 of the City's bank balance of $3,509,893 was exposed to
custodial credit risk because those deposits were uninsured and uncollateralized. One of the City's
financial institutions that participates in the Ohio Pooled Collateral System (OPCS) and was approved far
a reduced collateral floor of 50 percent resulting in the uninsured and uncollateralized balance.
The City has no deposit policy for custodial risk beyond the requirements of State statute. Ohio law
requires that deposits either be insured or be protected by:
Eligible securities pledged to the City and deposited with a qualified trustee by the financial
institution as security for repayment whose market value at all times shall be at least 105 percent of
the deposits being secured; or
Participation in the Ohio Pooled Collateral System (OPCS), a collateral pool of eligible securities
deposited with a qualified trustee and pledged to the Treasurer of State to secure the repayment of
all public monies deposited in the financial institution. OPCS requires the total market value of the
securities pledged to be 102 percent of the deposits being secured or a rate set by the Treasurer of
State.
Investments
Investments are reported at fair value. As of December 31, 2022, the City had the following investments:
Standard Percent of
Measurement &Poor's Tota1
MeasuremenUInvestment Amount Maturity Rating Investments
Net Asset Value Per Share:
STAR Ohio $9,836,330 Average of 31.9 Days AAAm 30.59 %
Fair Value-Level 1 Input:
American Treasury Obligation Fund 696,727 Less than one year AAAm N/A
Fair Value-Level 2 inputs:
Federal Home Loan Bank Notes 2,734,969 Less than five years AA+ 8.51
Federal Home Loan Mortgage
Corporation Notes 1,043,480 Less than three years AA+ N/A
Federal Farm Credit Bank Notes 2,997,611 Less than five years AA+ 932
Federal National Mortgage
Association Notes 644,797 Less than three years AA+ N/A
Negotiable Certificates of Deposit 3,077,818 Less than five years N/A 9.57
Municipal Securities 252,187 Less than one year AA N/A
Tennessee Valley Authority Bonds 228,693 Less than three years AA+ N/A
US Treasury Bonds and Notes 9,386,058 Less than five years AA+ 29.19
Commercial Paper 1,256,585 Less than one year A-1/A-1+ N/A
Total Fair Value-Leve12 Inputs 21,622,198
Total Investments $32,155,255
-46 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
The City categorizes its fair value measurements within the fair value hierarchy established by generally
accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair
value of the asset. Level 1 inputs are quoted prices in active markets for identical assets. Level 2 inputs
are significant other observable inputs; Level 3 inputs are significant unobservable inputs. The preceding
chart identifies the City's recurring fair value measurements as of December 31, 2022. The American
Treasury Obligation Fund is measured at fair value and is valued using quoted market prices (Level 1
inputs). The City's remaining investments measured at fair value are valued using methodologies that
incorporate market inputs such as benchmark yields, reported trades, broker/dealer quotes, issuer spreads,
two-sided markets, benchmark securities, bids, offers and reference data including market research
publications. Market indicators and industry and economic events are also monitored, which could
require the need to acquire further market data. (Leve12 inputs).
Interest Rate Risk As a means of limiting its exposure to fair value losses caused by rising interest rates,
the City's investment policy requires that operating funds be invested primarily in short-term investments
maturing within five years from the date of purchase and that the City's investment portfolio be structured
so that securities mature to meet cash requirements for ongoing operations and/or long-term debt
payments. To date, no investments have been purchased with a life greater than five years. The stated
intent of the policy is to avoid the need to sell securities prior to maturity.
Credit Risk Ohio law requires that STAR Ohio maintain the highest rating provided by at least one
nationally recognized standard rating service. The City has no investment policy that addresses credit
risk.
Concerztration of Credit Risk The City places no limit on the amount it may invest in any one issuer.
Note 6—Receivables
Receivables at December 31, 2022, consisted primarily of accrued interest on investments; accounts
(billings for user charged services, licenses and permits, rentals, and miscellaneous reimbursements);
interfund; intergovernmental receivables arising from grants, entitlements, and shared revenues;
municipal income taxes; property taxes; special assessments; and leases. No allowance for doubtful
accounts has been recorded because uncollectible amounts are expected to be insignificant. A11
receivables except for special assessments, delinquent property taxes, and leases are expected to be
collected within one year. Property taxes, although ultimately collectible, include some portion of
delinquencies that will not be collected within one year.
Special assessments expected to be collected in more than one year amount to $442,277 in the special
assessments bond retirement fund. At December 31, 2022, the amount of delinquent special assessments
was $11,528.
-47 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Property Taxes
Property taxes include amounts levied against all real and public utility property located in the City.
Property tax revenue received during 2022 for real and public utility property taxes represents collections
of 2021 taxes.
2022 real property taxes were levied after October 1, 2022, on the assessed value as of January 1, 2022,
the lien date. Assessed values are established by State law at 35 percent of appraised market value. 2022
real property taxes are collected in and intended to finance 2023.
Real property taxes are payable annually or semi-annually. If paid annually, payment is due December
31; if paid semi-annually, the first payment is due December 31, with the remainder payable by June 20.
Under certain circumstances, State statute permits later payment dates to be established.
Public utility tangible personal property currently is assessed at varying percentages of true value; public
utility real property is assessed at 35 percent of true value. 2022 public utility property taxes which
became a lien December 31, 2021, are levied after October 1, 2022, and are collected in 2023 with real
property taxes.
The full tax rate for all City operations for the year ended December 31, 2022, was $8.21 per $1,000 of
assessed value. The assessed values of real property and public utility tangible property upon which 2022
property tax receipts were based are as follows:
Assessed
Category Value
Real Estate:
Residential/Agricultural $639,519,870
Other Real Estate 121,639,410
Tangible Personal Property Public Utility 22,541,280
Total Assessed Values $783,700,560
The County Fiscal Officer collects property taxes on behalf of all taxing districts in the county, including
the City. The County Fiscal Officer periodically remits to the City its portion of the taxes collected.
Property taxes receivable represents real and public utility property taxes and outstanding delinquencies
which were measurable as of December 31, 2022, and for which there was an enforceable legal claim. In
governmental funds, the portion of the receivable not levied to finance 2022 operations is offset to
deferred inflows of resources—property taxes. On the accrual basis, collectible delinquent property taxes
have been recorded as a receivable and revenue, while on the modified accrual basis the revenue has been
reported as deferred inflows of resources—unavailable revenue.
Leases Receivable
The City is reporting leases receivable of$1,682,892 in the general fund at December 31, 2022. These
amounts represent the discounted future lease payments. This discount is being amortized using the
interest method. For 2022, the City recognized lease revenue of$66,844 and interest revenue of$58,292
in the general fund related to lease payments received. A description of the City's leasing arrangements is
as follows:
Cell Tower Lease — The City has entered into a lease agreement for a cell tower with New Cingular
Wireless. The lease commencement began in 2018 and will mature in 10 years through 2028. This lease
is collected monthly.
-48 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Building Leases — The City has entered into various lease agreements for buildings with multiple
companies at varying years and terms as follows:
Lease Lease
Commencement Ending Payment
Company Date Years Date Method
Brecksville Cooperative Pre-School Building 10 2019 11 2030 Quarterly
South Suburban Montessori Building 7 2019 15 2034 Monthly
South Suburban Montessori Building 6 2022 27 2049 Monthly
Chagrin Valley Dispatch CouncIl Building 2 2022 5 2027 Quarterly
Chagrin Valley Dispatch Council Building 12 2022 5 2027 Monthly
A summary of future lease revenue in tbe general fund is as follows:
Year Principal Interest
2023 $84,389 $57,628
2024 87,112 53,788
2025 ll1,449 51,132
2026 125,390 46,791
2027 ll0,733 42,332
2028-2032 587,497 147,441
2033-2037 271,365 49,657
2038-2042 109,249 31,681
2043-2047 144,503 15,961
2048-2049 51,205 1,023
Total $1,682,892 $497,434
Income Tax
The City levies a municipal income tax of two percent on substantially all income earned within the City.
This tax also applies to the net income of businesses operating within the City. Residents of the City are
granted 100 percent credit for taxes paid to other municipalities, with the exception of tax years 2015
through 2020 where 87.5 percent credit was granted.
Employers within the City are required to withhold income tax on employee compensation and remit the
tax to the City either monthly or quarterly, as required. Corporations and other individual taxpayers are
required to pay their estimated tax quarterly and file a declaration annually. In 2022, by City ordinance,
$3,020,004 of total income tax proceeds are credited to the following capital projects funds: $960,000 to
the general municipal improvement fund, $1,700,004 to the buildings and improvements fund and
$360,000 to the road improvements fund.
The Regional Income Tax Agency administers and collects income taxes for the Ciry. Payments are
remitted monthly net of collection fees of approximately three percent.
-49 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Intergovernmental Receivables
A summary of the intergovernmental receivables follows:
Governmental Activities:
County District 13 Grant Projects $4,333,412
NEORSD Grants 2,824,017
ODSA Roadwork Development Grant 600,000
County Improvement Grant 459,176
Excise and Gasoline Tax 381,324
Homestead and Rollback 350,387
County Community Grant 250,000
ODOT Grants 198,346
Local Government ll3,489
Ohio Attorney General EMS Collections 101,026
ODNR Community Grant 73,500
Ohio Office of Criminal Justice Body Worn Camera Grant 69,120
Auto Registration 50,779
County Planning Grant 24,182
DARE Grant 23,994
Permissive Tax 18,414
Cleveland Water Road Repair Reimbursements 1,625
Ohio Attorney General Restitution Collections 1,151
County Police Training Grant 750
Field House Project Reimbursements 700
EMS Grant 696
Fines &Forfeitures from Garfield Heights Municipal Court 200
Total $9,876,288
Payments in Lieu of Taxes
According to State law, the City has established tax incremental financing districts within the City under
which the City has granted property tax exemptions and agreed to construct certain infrastructure
improvements. The property owners have agreed to make payments to the City to help pay the costs of
the infrastructure improvements. The amount of those payments generally reflects all or a portion of the
property taxes which the property owners would have paid if the property had not been declared exempt.
The property owners' contractual promise to make these payments in lieu of taxes generally continues
until the costs of the improvement have been paid or the agreement expires, whichever occurs first.
Future development by these owners or others may result in subsequent agreements to make payments in
lieu of taxes and may therefore spread the costs of the improvements to a larger number of property
owners. Collection of payments in lieu of taxes are anticipated to be received in 2024 and therefore no
receivable exists at year end.
- 50 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Note 7—Tax Abatements
As of December 31, 2022, the City provides tax abatements through two economic development
agreements.
Pursuant to Council Ordinance, the City established these economic development agreements to provide
income tax abatements to encourage employment growth in the City. Abatements are obtained if the
entity meets the established level of employment. The amount of the abatement is refunded to the
recipient. The City's net income tax value was reduced by$446,188 through expenses during 2022.
Note 8—Risk Management
Property and Liabiliry
The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets;
errors and omissions; injuries to employees and natural disasters. During 2022, the City contracted with
Wichert Insurance Services and Curtis Insurance Services for various types of insurance as follows:
Company Type of Coverage Coverage Amount
Wichert Insurance Services Blanket Building/Contents $93,450,837
Boiler and Machinery Unlimited
Inland Marine 2,038,500
Crime 1,000,000
Public Officials Liability 1,000,000
General Liability 2,000,000
Garage Keepers Liability 120,000
Auto 1,000,000
Umbrella Liability 10,000,000
Abuse and Molestation 1,000,000
Cyber Liability 2,000,000
Curtis Insurance Services Law Enforcement 1,000,000
Settled claims have not exceeded commercial coverage in any of the last five years. There were no
significant reductions in coverage from the prior year.
Workers'Compensation
The City participates in the Ohio Association of Public Treasurer's (OAPT) group rating pool (See Note
21). The intent of the OAPT is to achieve the benefit of a reduced premium for the participants, foster
safer working environments and foster cost-effective claims management by virtue of its grouping and
representation with other participants. The workers' compensation experience rating of the participating
cities is calculated as one experience and a common premium rate is applied to all cities in the group.
Each participant pays its warkers' compensation premium to the State based on the rate for the OAPT
group rather than its individual rate. Participation in the OAPT group is limited to cities that can meet the
OAPT's selection criteria. The firm of Sedgwick Claims Management Service, Incorporated provides
administrative, cost control, and actuarial services to the OAPT.
- 51 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Einployee Insurance Benefits
The City manages employee prescriptions and health benefits on a self-insured basis. The employee
health benefit plan provides basic health coverage through Medical Mutual, the third-party administrator
of the program, which reviews and pays the claims. A specific excess loss coverage insurance (stop-loss)
policy with Medical Mutual covers claims in excess of$ll 0,000 per person per year.
The claims liability of$313,976, reported in the self-insurance fund at December 31, 2022, is estimated
by the third-party administrator and is based on the requirements of Governmental Accounting Standards
Board Statement No. 30, which requires that a liability for unpaid claims costs, including estimates of
costs relating to incurred but not reported claims, be reported. The estimate was not affected by
incremental claims adjustments expenses and does not include other allocated or unallocated claim
adjustment expenses.
Changes in the fund's claims liability amount for the last two years follow:
Balance at Current Claims Balance at
Year Beginning of Year Year Claims Payment End of Year
2021 $271,169 $2,426,644 $2,478,677 $219,136
2022 219,136 2,386,089 2,291,249 313,976
Note 9—Interfund Transfers and Balances
Interfund Transfers
Interfund transfers for the year ended December 31, 2022, consisted of the following:
Transfers To
General
Obligation General Other
Fire Bond Municipal Road Governmental
Transfers From Department Retirement Improvement Improvements Funds Totals
General $421,000 $0 $4,146,568 $1,430,723 $1,470,000 $7,468,291
General Municipal Improvement 0 669,832 0 0 31,157 700,989
Buildings and Improvements 0 943,837 0 0 0 943,837
Other Governmental Funds 0 713,797 0 0 0 713,797
TotalAllFunds $421,000 $2,327,466 $4,146,568 $1,430,723 $1,501,157 $9,826,914
Transfers are used to move revenues from the fund that statute or budget requires to collect them to the
fund that statute or budget requires to expend them. Transfers from the general fund to the fire
department and community center funds were to fund their specific operations. Transfers from the
general fund to the general municipal improvement, road improvements, and recreation facilities
expansion funds were to fund their specific capital projects. To provide funds for loan payments,
transfers totaling $31,157 were made to the issue II fund from the general municipal improvement fund.
The general bond retirement fund is funded for debt payment obligations from the general municipal
improvement, building and improvements, police station building, and recreation facilities expansion
funds.
- 52 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Interfund Balances
The general fund has an interfund receivable balance of$2,579,898, the general municipal improvement
capital projects fund had an interfund payable balance of$2,539,898, and other governmental funds had
an interfund payable balance of$40,000. The purpose of these advances were to fund operations until
revenues could cover the fund and to help cover debt obligations until revenues could cover the fund.
Additionally, the general municipal improvement and road improvements major capital projects funds
had interfund payable balances of $39,700 and $17,300, respectively, and the general fund had an
interfund receivable balance of$57,000 due to the issuance of a manuscript bond. The manuscript bond
represents a special assessment bond that was issued on August 13, 2008, at 5.05 percent. The
manuscript bond was issued by the City and purchased by the general fund. The schedule of future
payments is as follows:
Brecksville Road Access Road
Years Principal Interest Total
2023 $18,000 $2,878 $20,878
2024 19,000 1,970 20,970
2025 20,000 1,010 21,010
Total $57,000 $5,858 $62,858
Note 10—Capital Assets
A summary of changes in capital assets during 2022 follows:
Balance Balance
Governmental Activities: 12/31/2021 Additions Deductions 12/31/2022
Capital Assets not being Depreciated/Amortized.•
Land $7,300,238 $39,561 $0 $7,339,799
Construction in Progress 18,573,369 19,495,128 (10,181,958) 27,886,539
Total CapitalAssets not beingDepreciated/Amortized 25,873,607 19,534,689 (10,181,958) 35,226,338
Capital Assets being Depreciated/Amortized:
Land Improvements 5,556,831 973,585 0 6,530,416
Buildings andImprovements 50,186,444 9,529,513 0 59,715,957
Machinery and Equipment 17,687,463 309,162 (10,800) 17,985,825
Furniture and Fixtures 447,078 0 0 447,078
Infrastructure:
Roads 49,842,718 994,713 (217,080) 50,620,351
Sidewalks 3,597,083 0 0 3,597,083
Guardrails 623,128 57,992 (17,033) 664,087
Traffic Signals 2,320,884 0 0 2,320,884
Storm Sewers 14,508,599 127,589 0 14,636,188
Sanitary Sewers 16,739,009 0 0 16,739,009
Water Lines 226,460 0 0 226,460
Intangible Right to Use Lease-Equipment** 2,936 6,842 (2,936) 6,842
TotalCapitalAssetsbeingDepreciated/Amortized $161,738,633 $11,999,396 ($247,849) $173,490,180
(continued)
- 53 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Balance Balance
Governmental Activities(continued): 12/31/2021 Additions Deductions 12/31/2022
Less Accumulated Depreciation/Amortization:
Land Improvements ($3,776,591) ($261,593) $0 ($4,038,184)
Buildings and Improvements (17,129,883) (1,028,621) 0 (18,158,504)
MachineryandEquipment (12,195,278) (991,382) 10,799 (13,175,861)
Furniture and Fixtures (323,596) (11,743) 0 (335,339)
Infrastructure:
Roads (24,053,718) (864,870) 217,080 (24,701,508)
Sidewalks (3,312,476) (14,608) 0 (3,327,084)
Guardrails (262,789) (15,618) 17,033 (261,374)
Traffic Signals (1,987,981) (107,643) 0 (2,095,624)
Storm Sewers (3,418,781) (146,551) 0 (3,565,332)
Sanitary Sewers (4,830,995) (169,081) 0 (5,000,076)
Water Lines (159,907) (5,357) 0 (165,264)
Intangible Right to Use Lease-Equipment** 0 (1,476) 0 (1,476)
Total Accumulated Depreciation/Amortization (71,451,995) (3,618,543) * 244,912 (74,825,626)
Total CapitalAssets beingDepreciated/Amortized,Net 90,286,638 8,380,853 (2,937) 98,664,554
GovernmentalActivitiesCapitalAssets,Net $116,160,245 $27,915,542 ($10,184,895) $133,890,892
*Depreciation/amortization expense was charged to governmental activities as follows:
General Government:
Legislative and Executive $439,865
Public Safety:
Police 327,301
Fire 306,007
Public Health Services 201,434
Street Construction,Maintenance and Repair 1,191,269
Housing and Community Development 12,545
Basic Utility Services 678,576
Recreational Activities 461,546
Total Depreciation/Amortization Expense $3,618,543
** Of the current year depreciation/amortization total of$3,618,543, $1,476 is presented as public safety
police expense on the Statement of Activities related to the City's intangible asset of a vehicle, which is
included as an Intangible Right to Use Lease. With the implementation of Governmental Accounting
Standards Board Statement No. 87, Leases, a lease meeting the criteria of this statement requires the
lessee to recognize the lease liability and an intangible right to use asset.
Note 11 —Assets Held for Resale
Assets held for resale represent various parcels within the City. One parcel was received through the land
reutilization program, which will be sold for future development/ownership. At December 31, 2022, this
one parcel was held for resale with a value of$137,100.
- 54 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Note 12 —Defined Benefit Pension Plans
The Statewide retirement systems provide both pension benefits and other postemployment benefits
(OPEB).
Net Pension Liability(Asset)/Net OPEB Liability(Asset)
The net pension liability (asset) and the net OPEB liability (asset) reported on the statement of net
position represent liabilities to employees for pensions and OPEB, respectively. Pensions/OPEB are a
component of exchange transactions —between an employer and its employees — of salaries and benefits
for employee services. Pensions/OPEB are provided to an employee — on a deferred-payment basis — as
part of the total compensation package offered by an employer for employee services each financial
period. The obligation to sacrifice resources for pensions is a present obligation because it was created as
a result of employment exchanges that already have occurred.
The net pension/OPEB liability (asset) represent the City's proportionate share of each pension/OPEB
plan's collective actuarial present value of projected benefit payments attributable to past periods of
service, net of each pension/OPEB plan's fiduciary net position. The net pension/OPEB liability (asset)
calculations are dependent on critical long-term variables, including estimated average life expectancies,
earnings on investments, cost of living adjustments and others. While these estimates use the best
information available,unknowable future events require adjusting these estimates annually.
The Ohio Revised Code limits the City's obligation for this liability to annually required payments. The
City cannot control benefit terms or the manner in which pensions are financed; however, the City does
receive the benefit of employees' services in exchange for compensation including pension and OPEB.
GASB 68/75 assumes the liability is solely the obligation of the employer, because (1) they benefit from
employee services; and (2) State statute requires funding to come from these employers. All pension
contributions to date have come solely from these employers (which also includes pension costs paid in
the form of withholdings from employees). The retirement systems may allocate a portion of the
employer contributions to provide for these OPEB benefits. In addition, health care plan enrollees pay a
portion of the health care costs in the form of a monthly premium. State statute requires the retirement
systems to amortize unfunded pension liabilities within 30 years. If the pension amortization period
exceeds 30 years, each retirement system's board must propose corrective action to the State legislature.
Any resulting legislative change to benefits or funding could significantly affect the net pension/OPEB
liability (asset). Resulting adjustments to the net pension/OPEB liability (asset) would be effective when
the changes are legally enforceable. The Ohio Revised Code permits but does not require the retirement
systems to provide healthcare to eligible benefit recipients.
The proportionate share of each plan's unfunded benefits is presented as a net pension/OPEB asset or a
long-term net pension/OPEB liability on the accrual basis of accounting. Any liability for the
contractually required pension/OPEB contribution outstanding at the end of the year is included in
intergoveNnmental payable. The remainder of this note includes the required pension disclosures. See
Note 13 for the required OPEB disclosures.
Plan Description—Ohio Public Employees Retirement System (OPERS)
City employees, other than full-time police and firefighters, participate in the Ohio Public Employees
Retirement System (OPERS). OPERS is a cost-sharing, multiple employer public employee retirement
system which administers three separate pension plans. The traditional pension plan is a cost-sharing,
multiple-employer defined benefit pension plan. The combined plan is a combination cost-sharing,
- 55 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
multiple-employer defined benefit/defined contribution pension plan. The member-directed plan is a
defined contribution plan. Participating employers are divided into state, local, law enfarcement and
public safety divisions. While members in the state and local divisions may participate in all three plans,
law enforcement and public safety divisions exist only within the traditional plan.
OPERS provides retirement, disability, survivor and death benefits, and annual cost of living adjustments
to members of the traditional and combined plans. Authority to establish and amend benefits is provided
by Chapter 145 of the Ohio Revised Code. OPERS issues a stand-alone financial report that includes
financial statements, required supplementary information and detailed information about OPERS'
fiduciary net position that may be obtained by visiting https://www.opers.org/financial/reports.shtml, by
writing to the Ohio Public Employees Retirement System, 277 East Town Street, Columbus, Ohio 43215-
4642, or by calling 800-222-7377.
Senate Bill (SB) 343 was enacted into law with an effective date of January 7, 2013. In the legislation,
members in the traditional and combined plans were categorized into three groups with varying
provisions of the law applicable to each group. The following table provides age and service
requirements for retirement and the retirement formula applied to final average salary (FAS) for the three
member groups under the traditional and combined plans as per the reduced benefits adopted by SB 343
(see OPERS Annual Comprehensive Financial Report referenced for additional information, including
requirements for reduced and unreduced benefits):
Group A Group B Group C
Eligible to retire prior to 20 years of service credit priar to Members not in other Groups
January 7,2013 ar five years January 7,2013 or eligible to retire and members hired on or after
after January 7,2013 ten years after January 7,2013 January 7,2013
State and Local State and Local State and Local
Age and Service Requirements: Age and Service Requirements: Age and Service Requirements:
Age 60 with 60 months of service credit Age 60 with 60 months of service credit Age 57 with 25 years of service credit
or Age 55 with 25 years of service credit or Age 55 with 25 years of service credit ar Age 62 with 5 years of service credit
Traditional Plan Formula: Traditional Plan Formula: Traditional Plan Formula:
2.2%of FAS multiplied by years of 2.2%of FAS multiplied by years of 2.2%of FAS multiplied by years of
service for the first 30 years and 2.5% service for the fu�st 30 years and 2.5% service for the first 35 years and 2.5%
for service years in excess of 30 for service years in excess of 30 for service years in excess of 35
Combined Plan Formula: Combined Plan Formula: Combined Plan Formula:
1%of FAS multiplied by years of 1%of FAS multiplied by years of 1%of FAS multiplied by years of
service for the first 30 years and 1.25% service for the first 30 years and L25% service for the first 35 years and 1.25%
for service years in excess of 30 for service years in excess of 30 for service years in excess of 35
Final Average Salary (FAS) represents the average of the three highest years of earnings over a member's
career for Groups A and B. Group C is based on the average of the five highest years of earnings over a
member's career.
Members who retire before meeting the age and years of service credit requirement for unreduced
benefits receive a percentage reduction in the benefit amount. The amount of a member's pension benefit
vests upon receipt of the initial benefit payment.
When a traditional plan benefit recipient has received benefits for 12 months, the member is eligible for
an annual cost of living adjustment (COLA). This COLA is calculated on the base retirement benefit at
the date of retirement and is not compounded. Members retiring under the combined plan receive a cost
- 56 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
of living adjustment on the defined benefit portion of their pension benefit. For those who retired prior to
January 7, 2013, the cost of living adjustment is 3 percent. For those retiring on or after January 7, 2013,
beginning in calendar year 2019, the adjustment is based on the average percentage increase in the
Consumer Price Index, capped at 3 percent.
Defined contribution plan benefits are established in the plan documents, which may be amended by the
Board. Member-directed plan and combined plan members who have met the retirement eligibility
requirements may apply for retirement benefits. The amount available for defined contribution benefits in
the combined plan consists of the member's contributions plus or minus the investment gains or losses
resulting from the member's investment selections. Combined plan members wishing to receive benefits
must meet the requirements for both the defined benefit and defined contribution plans. Member-directed
participants must have attained the age of 55, have money on deposit in the defined contribution plan and
have terminated public service to apply for retirement benefits. The amount available for defined
contribution benefits in the member-directed plan consists of the members' contributions, vested
employer contributions and investment gains or losses resulting from the members' investment selections.
Employer contributions and associated investment earnings vest over a five-year period, at a rate of 20
percent each year. At retirement, members may select one of several distribution options for payment of
the vested balance in their individual OPERS accounts. Options include the annuitization of the benefit
(which includes joint and survivor options and will continue to be administered by OPERS),partiallump-
sum payments (subject to limitations), a rollover of the vested account balance to another financial
institution, receipt of entire account balance, net of taxes withheld, or a combination of these options.
When members choose to annuitize their defined contribution benefit, the annuitized portion of the
benefit is reclassified to a defined benefit.
Effective January 1, 2022,the combined plan is no longer available for member selection.
Funding Policy - The Ohio Revised Code (ORC) provides statutory authority for member and employer
contributions as follows:
State
and Local
2022 Statutory Maximum Contribution Rates
Employer 14.0 %
Employee* 10.0 %
2022 Actual Contribution Rates
Employer:
Pension** 14.0 %
Post-employment Health Care Benefits** 0.0
Total Employer 14.0 %
Employee 10.0 %
* Member contributions within the combined plan are not used to
fund the defined benefit retirement allowance.
** These pension and employer health care rates are for the
traditional and combined plans. The employer contributions
rate for the member-directed plan is allocated 4 percent for
health care with the remainder going to pension.
Employer contribution rates are actuarially determined and are expressed as a percentage of covered
payroll.
- 57 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
For 2022, the City's contractually required contribution was $1,026,064 for the traditional plan, $16,777
for the combined plan and$14,531 for the member-directed plan. Of these amounts, $41,628 is reported
as an intergovernmental payable for the traditional plan, $682 far the combined plan, and $589 for the
member-directed plan.
Plan Description—Ohio Police& Fire Pension Fund(OP&F)
City full-time police and firefighters participate in Ohio Police and Fire Pension Fund (OP&F), a cost-
sharing, multiple-employer defined benefit pension plan administered by OP&F. OP&F provides
retirement and disability pension benefits, annual cost-of-living adjustments, and death benefits to plan
members and beneficiaries. Benefit provisions are established by the Ohio State Legislature and are
codified in Chapter 742 of the Ohio Revised Code. OP&F issues a publicly available financial report that
includes financial information and required supplementary information and detailed information about
OP&F fiduciary net position. The report that may be obtained by visiting the OP&F website at www.op-
£org or by writing to the Ohio Police and Fire Pension Fund, 140 East Town Street, Columbus, Ohio
43215-5164.
Upon attaining a qualifying age with suf�cient years of service, a member of OP&F inay retire and
receive a lifetime monthly pension. OP&F offers four types of service retirement: normal, service
commuted, age/service commuted and actuarially reduced. Each type has different eligibility guidelines
and is calculated using the member's average annual salary. The following discussion of the pension
formula relates to normal service retirement.
For members hired after July 1, 2013, the minimum retirement age is 52 for normal service retirement
with at least 25 years of service credit. For members hired on or before after July 1, 2013, the minimum
retirement age is 48 for normal service retirement with at least 25 years of service credit.
The annual pension benefit for normal service retirement is equal to a percentage of the allowable average
annual salary. The percentage equals 2.5 percent for each of the first 20 years of service credit, 2.0
percent for each of the next five years of service credit and 1.5 percent for each year of service credit in
excess of 25 years. The maximum pension of 72 percent of the allowable average annual salary is paid
after 33 years of service credit (see OP&F Annual Comprehensive Financial Report referenced for
additional information, including requirements for Deferred Retirement Option Plan provisions and
reduced and unreduced benefits).
Under normal service retirement, retired members who are at least 55 years old and have been receiving
OP&F benefits for at least one year may be eligible for a cost-of-living allowance adjustment. The age 55
provision for receiving a COLA does not apply to those who are receiving a permanent and total
disability benefit, surviving beneficiaries under optional plans, and statutory survivors. Members
participating in the DROP program have separate eligibility requirements related to COLA.
The COLA amount far members who have 15 ar more years of service credit as of July 1, 2013, and
members who are receiving a pension benefit that became effective before July 1, 2013, will be equal to
3.0 percent of the member's base pension benefit.
The COLA amount for members who have less than 15 years of service credit as of July 1, 2013, and
members whose pension benefit became effective on ar after July l, 2013,will be equal to a percentage of
the member's base pension benefit where the percentage is the lesser of 3.0 percent or the percentage
increase in the consumer price index, if any, over the twelve-month period that ends on the thirtieth day of
September of the immediately preceding year,rounded to the nearest one-tenth of one percent.
- 58 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Members who retired prior to July 24, 1986, or their surviving beneficiaries under optional plans are
entitled to cost-of-living allowance increases. The annual increase is paid on July lst of each year. The
annual COLA increase is $360 under a Single Life Annuity Plan with proportional reductions for optional
payment plans.
Funding Policy— The Ohio Revised Code (ORC) provides statutory authority for member and employer
contributions as follows:
Police Firefighters
2022 Statutory Maximum Contribution Rates
Employer 19.50 % 24.00 %
Employee 12.25 % 12.25 %
2022 Actual Contribution Rates
Employer:
Pension 19.00 % 23.50 %
Post-employment Health Care Benefits 0.50 0.50
Total Employer 19.50 % 24.00 %
Employee 12.25 % 12.25 %
Employer contribution rates are expressed as a percentage of covered payroll.
The City's contractually required contribution to OP&F was $886,569 for 2022. Of this amount,
$103,764 is reported as an intergovernmental payable.
Pension Liabilities (Assets), Pension Expense, and Deferred Outflows of Resources and Deferred
Inflows of Resources Related to Pensions
The net pension liability (asset)for OPERS was measured as of December 31, 2021, and the total pension
liability used to calculate the net pension liability (asset) was determined by an actuarial valuation as of
that date. OP&F's total pension liability was measured as of December 31, 2021, and was determined by
rolling forward the total pension liability as of January 1, 2021, to December 31, 2021. The City's
proportion of the net pension liability (asset) was based on the City's share of contributions to the pension
plan relative to the contributions of all participating entities. Following is information related to the
proportionate share and pension expense of the City's defined benefit pension plans:
OPERS OPERS
Traditional Combined
Plan Plan OP&F Total
Proportion of the Net Pension Liability/Asset
Current Measurement Date 0.04781200% 0.02516400% 0.15722790%
Prior Measurement Date 0.04596800% 0.02713500% 0.16189770%
Change in Propartionate Share 0.00184400% -0.00197100% -0.00466980%
Proportionate Share of the:
Net Pension Liability $4,159,836 $0 $9,822,691 $13,982,527
Net Pension Asset 0 (99,147) 0 (99,147)
Pension Expense ($756,782) ($2,835) $552,633 ($206,984)
- 59 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
2022 pension expense for the member-directed defined contribution plan was $14,531. The aggregate
pension expense far all pension plans was ($192,453)for 2022.
At December 31, 2022, the City reported deferred outflows of resources and deferred inflows of resources
related to defined benefit pensions from the following sources:
OPERS OPERS
Traditional Combined
Plan Plan OP&F Total
Deferred Outflows of Resources
Differences between expected and actual experience $212,062 $615 $283,229 $495,906
Changes of assumprions 520,183 4,982 1,795,166 2,320,331
Changes in proportion and differences between City
contributions and proporrionate share of contributions 228,179 10,716 92,645 331,540
City contributions subsequent to the measurement date 1,026,064 16,777 886,569 1,929,410
Total Deferred Outflows ofResources $1,986,488 $33,090 $3,057,609 $5,077,187
Deferred Inflows of Resources
Differences between expected and actual experience $91,236 $11,089 $510,645 $612,970
Net difference between projected and actual earnings on
pension plan investments 4,947,976 21,256 2,575,358 7,544,590
Changes in proportion and differences between City
contributions and proporrionate sbare of contributions 39,268 3,649 590,468 633,385
TotalDeferredlnflowsofResources $5,078,480 $35,994 $3,676,471 $8,790,945
$1,929,410 reported as deferred outflows of resources related to pension resulting from City contributions
subsequent to the measurement date will be recognized as a reduction of the net pension liability or
increase to the net pension asset in 2023. Other amounts reported as deferred outflows of resources and
deferred inflows of resources related to pension will be recognized in pension expense as follows:
OPERS OPERS
Traditional Combined
Plan Plan OP&F Total
Year Ending December 31:
zo23 ($s3o,96s� ��s,6�9� �$io4,9�s� �$641,6z2�
2024 (1,636,510) (8,174) (840,385) (2,485,069)
2025 (1,163,469) (5,071) (418,546) (1,587,086)
2026 (787,109) (3,534) (301,Sll) (1,092,154)
2027 0 494 159,986 160,480
Thereafter 0 2,283 0 2,283
Total ($4,118,056) ($19,681) ($1,505,431) ($5,643,168)
- 60 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Actuarial Assumptions- OPERS
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and
assumptions about the probability of occurrence of events far into the future. Examples include
assumptions about future employment, mortality, and cost trends. Actuarially determined amounts are
subject to continual review or modification as actual results are compared with past expectations and new
estimates are made about the future.
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as
understood by the employers and plan members) and include the types of benefits provided at the time of
each valuation. The total pension liability was determined by an actuarial valuation as of December 31,
2021, using the following key actuarial assumptions and methods applied to all periods included in the
measurement in accordance with the requirements of GASB 67. In 2021, the Board's actuarial
consultants conducted an experience study for the period 2016 through 2020, comparing assumptions to
actual results. The experience study incorporates both a historical review and forward-looking
projections to determine the appropriate set of assumptions to keep the plan on a path toward full funding.
Information from this study led to changes in both demographic and economic assumptions, with the
most notable being a reduction in the actuarially assumed rate of return from 7.2 percent down to 6.9
percent, for the defined benefit investments. Key actuarial assumptions and methods used in the latest
actuarial valuation, prepared as of December 31, 2021, reflecting experience study results, are presented
as follows:
OPERS Traditional Plan OPERS Combined Plan
Wage Inflation 2.75 percent 2.75 percent
Future Salary Increases, 2.75 to 10.75 percent 2.75 to 825 percent
including inflation including wage inflation including wage inflation
COLA or Ad Hoc COLA:
Pre-January 7,2013 Retirees 3.0 percent,simple 3.0 percent,simple
Post-January 7,2013 Retirees 3.0 percent,simple through 2022, 3.0 percent,simple through 2022,
then 2.05 percent,simple then 2.05 percent,sirnple
Investment Rate of Return 6.9 percent 6.9 percent
Actuarial Cost Method Individual Entry Age Individual Entry Age
Key actuarial assumptions and methods used in the prior actuarial valuation,prepared as of December 31,
2020, are presented as follows:
OPERS Traditional Plan OPERS Combined Plan
Wage Inflation 3.25 percent 3.25 percent
Future Salary Increases, 3.25 to 10.75 percent 3.25 to 8.25 percent
including inflation including wage inflation including wage inflation
COLA or Ad Hoc COLA:
Pre-January 7,2013 Retirees 3.Opercent,simple 3.Opercent,simple
Post-January 7,2013 Retirees 0.5 percent,sirnple through 2021, 0.5 percent,sirnple through 2021,
then 2.15 percent,simple then 2.15 percent,simple
Investment Rate of Return 72 percent 72 percent
Actuarial Cost Method Individual Entry Age Individual Entry Age
- 61 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
For 2021, pre-retirement mortality rates are based on 130 percent of the Pub-2010 General Employee
Mortality tables (males and females) for State and Local Government divisions and 170 percent of the
Pub-2010 Safety Employee Mortality tables (males and females) for the Public Safety and Law
Enforcement divisions. Post-retirement mortality rates are based on 15 percent of the PubG-2010 Retiree
Mortality Tables (males and females) for all divisions. Post-retirement mortality rates far disabled
retirees are based on the PubNS-2010 Disabled Retiree Mortality Tables (males and females) for all
divisions. For all the previously described tables, the base year is 2010 and mortality rates for a particular
calendar year are determined by applying the MP-2020 mortality improvement scales (males and
females)to all these tables.
For 2020, pre-retirement mortality rates are based on the RP-2014 Employees mortality table for males
and females, adjusted far mortality improvement back to the observation period base year of 2006. The
base year for males and females was then established to be 2015 and 2010, respectively. Post-retirement
mortality rates are based on the RP-2014 Healthy Annuitant mortality table for males and females,
adjusted for mortality improvement back to the observation period base year of 2006. The base year for
males and females was then established to be 2015 and 2010, respectively. Post-retirement mortality
rates for disabled retirees are based on the RP-2014 Disabled mortality table for males and females,
adjusted for mortality improvement back to the observation period base year of 2006. The base year for
males and females was then established to be 2015 and 2010, respectively. Mortality rates for a particular
calendar year are determined by applying the MP-2015 mortality improvement scale to all the above-
described tables.
The most recent experience study was completed for the five-year period ended December 31, 2020.
During 2021, OPERS managed investments in three investment portfolios: the Defined Benefit portfolio,
the Health Care portfolio, and the Defined Contribution portfolio. The Defined Benefit portfolio contains
the investment assets for the Traditional Pension Plan, the defined benefit component of the Combined
Plan and the annuitized accounts of the Member-Directed Plan. Within the Defined Benefit portfolio
contributions into the plans are all recorded at the same time, and benefit payments all occur on the first
of the month. Accordingly, the money-weighted rate of return is considered to be the same for all plans
within the portfolio. The annual money-weighted rate of return expressing investment performance, net
of investment expenses and adjusted for the changing amounts actually invested, for the Defined Benefit
portfolio was 15.3 percent for 2021.
The allocation of investment assets with the Defined Benefit portfolio is approved by the Board of
Trustees as outlined in the annual investment plan. Plan assets are managed on a total return basis with a
long-term objective of achieving and maintaining a fully funded status for the benefits provided through
the defined benefit pension plans. The long-term expected rate of return on defined benefit investment
assets was determined using a building-block method in which best-estimate ranges of expected future
real rates of return are developed for each major asset class. These ranges are combined to produce the
long-term expected real rate of return by weighting the expected future real rates of return by the target
asset allocation percentage, adjusted for inflation. Best estimates of geometric rates of return were
provided by the Board's investment consultant. For each major class that is included in the Defined
Benefit portfolio's target asset allocation as of December 31, 2021, these best estimates are summarized
in the following table:
- 62 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Weighted Average
Long-Term F�cpected
Target Real Rate of Return
Asset Class Allocation (Geometric)
Fixed Income 24.00% 1.03%
Domestic Equities 21.00 3.78
Real Fstate 11.00 3.66
Private Equity 12.00 7.43
International Equities 23.00 4.88
Risk Parity 5.00 2.92
Other investments 4.00 2.85
Total 100.00% 4.21%
Discount Rate The discount rate used to measure the total pension liability for the current year was 6.9
percent for the traditional plan and the combined plan. The discount rate for the prior year was 7.2
percent. The projection of cash flows used to determine the discount rate assumed that contributions from
plan members and those of the contributing employers are made at the contractually required rates, as
actuarially determined. Based on those assumptions, the pension plan's fiduciary net position was projected
to be available to make all projected future benefits payments of current plan members. Therefore,the long-
term expected rate of return on pension plan investments far the traditional pension plan, combined
plan and member-directed plan was applied to all periods of projected benefit payments to determine
the total pension liability.
Sensitivity of the City's PYopovtionate Share of the Net Pension Liability (Asset) to Changes in the
Discount Rate The following table presents the City's proportionate share of the net pension liability
(asset) calculated using the current period discount rate assumption of 6.9 percent, as well as what the
City's proportionate share of the net pension liability (asset) would be if it were calculated using a
discount rate that is one-percentage-point lower(5.9 percent) ar one-percentage-point higher(7.9 percent)
than the current rate:
Current
1%Decrease Discount Rate 1%Increase
(5.90%) (6.90°/a) (7.90%)
City's proportionate share of the net pension liability(asset):
OPERS Traditional Plan $10,967,595 $4,159,836 ($1,505,122)
OPERS CombinedPlan (73,982) (99,147) (118,774)
Actuarial Assumptions—OP&F
OP&F's total pension liability as of December 31, 2021, is based on the results of an actuarial valuation
date of January 1, 2021, and rolled-forward using generally accepted actuarial procedures. The total
pension liability is determined by OP&F's actuaries in accordance with GASB Statement No. 67, as part
of their annual valuation. Actuarial valuations of an ongoing plan involve estimates of the value of
reported amounts and assumptions about probability of occurrence of events far into the future. Examples
include assumptions about future employment mortality, salary increases, disabilities, retirements and
employment terminations. Actuarially determined amounts are subject to continual review and potential
modifications, as actual results are compared with past expectations and new estimates are made about the
future. Assumptions considered are: withdrawal rates, disability retirement, service retirement, DROP
elections, mortality, percent married and forms of the payment, DROP interest rate, CPI-based COLA,
investment returns, salary increases and payroll growth.
- 63 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Key methods and assumptions used in the latest actuarial valuation, reflecting experience study results,
prepared as of January 1,2021, are presented as follows.
Valuation Date January 1, 2021,with actuarial liabilities
rolled forward to December 31, 2021
Actuarial Cost Method Entry Age Normal
Investment Rate of Return 7.5 percent
Projected Salary Increases 3.75 percent to 10.5 percent
Payroll Growth 325 percent per annum,
compounded annually, consistingof
Inflation rate of 2.75 percent plus
productivity increase rate of 0.5
p ercent
Cost of LivingAdjustments 2.2 percent simple per year
In February 2022, the OP&F Board adopted a change in the investment rate of return, changing it from 8
percent for the 2020 measurement period to 7.5 percent for the 2021 measurement period.
Mortality for non-disabled participants is based on the RP-2014 Total Employee and Healthy Annuitant
Mortality Tables rolled back to 2006, adjusted accarding to the rates in the following table, and projected
with the Buck Modified 2016 Improvement Scale. Rates for surviving beneficiaries are adjusted by 120
percent.
Age Police Fire
67 or less 77 % 68 %
68-77 105 87
78 and up 115 120
Mortality for disabled retirees is based on the RP-2014 Disabled Mortality Tables rolled back to 2006,
adjusted according to the rates in the following table, and projected with the Buck Modified 2016
Improvement Scale.
Age Police Fire
59 or less 35 % 35 %
60-69 60 45
70-79 75 70
80 and up 100 90
The most recent experience study was completed for the five-year period ended December 31, 2016.
The long-term expected rate of return on pension plan investments was determined using a building-block
approach and assumes a time horizon, as defined in the Statement of Investment Policy. A forecasted rate
of inflation serves as the baseline for the return expected. Various real return premiums over the baseline
inflation rate have been established for each asset class. The long-term expected nominal rate of return
has been determined by calculating a weighted averaged of the expected real return premiums for each
asset class, adding the projected inflation rate and adding the expected return from rebalancing
uncorrelated asset classes. Best estimates of the long-term expected geometric real rates of return for
each major asset class included in OP&F's target asset allocation as of December 31, 2021, are
summarized as follows:
- 64 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Target Long-TermEapected
Asset Class Allocation Real Rate ofReturn
Cash and Cash Equivalents 0.00 % 0.00 %
Domestic Equity 21.00 3.60
Non-US Equity 14.00 4.40
Private Markets 8.00 6.80
Core Fixed Income* 23.00 1.10
High Yield Fixed Income 7.00 3.00
Private Credit 5.00 4.50
U.S.Inflation Linked Bonds* 17.00 0.80
MidstreamEnergy Infrastructure 5.00 5.00
Real Assets 8.00 5.90
Go ld 5.00 2.40
Private Real Estate 12.00 4.80
Total 125.00 %
Note: Assumptions are geometric.
* levered 2x
OP&F's Board of Trustees has incorporated the risk parity concept into OP&F's asset liability valuation
with the goal of reducing equity risk exposure, which reduces overall Total Portfolio risk without
sacrificing return, and creating a more risk-balanced portfolio based on their relationship between asset
classes and economic environments. From the notional portfolio perspective above, the Total Portfolio
may be levered up to 1.25 times due to the application of leverage in certain fixed income asset classes.
Discount Rate For 2021, the total pension liability was calculated using the discount rate of 7.50
percent. The projection of cash flows used to determine the discount rate assumed the contributions from
employers and from the members would be computed based on contribution requirements as stipulated by
State statute. Projected inflows from investment earning were calculated using the longer-term assumed
investment rate of return of 7.50 percent. Based on those assumptions, the plan's fiduciary net position
was projected to be available to make all future benefit payments of current plan members. Therefore, a
long-term expected rate of return on pension plan investments was applied to all periods of projected
benefits to determine the total pension liability.
Sensitivity of the City's Proportionate Share of the Net Pension Liability to Changes in the Discount
Rate Net pension liability is sensitive to changes in the discount rate, and to illustrate the potential
impact, the following table presents the net pension liability calculated using the discount rate of 7.50
percent, as well as what the net pension liability would be if it were calculated using a discount rate that is
one percentage point lower (6.50 percent), or one percentage point higher (8.50 percent) than the current
rate.
Current
1%Decrease Discount Rate 1%Increase
(6.50%) (7.50%) (8.50%)
City's proportionate share of the net pension liability $14,566,912 $9,822,691 $5,871,924
- 65 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Note 13 —Defined Benefit OPEB Plans
See Note 12 for a description of the net OPEB liability(asset).
Plan Description—Ohio Public Employees Retirement System (OPERS)
The Ohio Public Employees Retirement System (OPERS) administers three separate pension plans: the
traditional pension plan, a cost-sharing, multiple-employer defined benefit pension plan; the member-
directed plan, a defined contribution plan; and the combined plan, a cost-sharing, multiple-employer
defined benefit pension plan that has elements of both a defined benefit and defined contribution plan.
OPERS maintains a cost-sharing, multiple-employer defined benefit post-employment health care trust,
which funds multiple health care plans including medical coverage, prescription drug coverage and
deposits to a Health Reimbursement Arrangement (HRA) to qualifying benefit recipients of both the
traditional pension and the combined plans. Currently, Medicare-eligible retirees are able to select
medical and prescription drug plans from a range of options and may elect optional vision and dental
plans. Retirees and eligible dependents enrolled in Medicare Parts A and B have the option to enroll in a
Medicare supplemental plan with the assistance of the OPERS Medicare Connector. The OPERS
Medicare Connector is a relationship with a vendor selected by OPERS to assist retirees, spouses and
dependents with selecting a medical and pharmacy plan. Monthly allowances, based on years of service
and the age at which the retiree first enrolled in OPERS coverage, are deposited into an HRA. For non-
Medicare retirees and eligible dependents, OPERS sponsors medical and prescription coverage through a
professionally managed self-insured plan. An allowance to offset a portion of the monthly premium is
offered to retirees and eligible dependents. The allowance is based on the retiree's years of service and
age when they first enrolled in OPERS coverage.
OPERS provides a monthly allowance for health care coverage for eligible retirees and their eligible
dependents. The base allowance is determined by OPERS. For those retiring on or after January 1, 2015,
the allowance has been determined by applying a percentage to the base allowance. The percentage
applied is based on years of qualifying service credit and age when the retiree first enrolled in OPERS
health care. Monthly allowances range between 51 percent and 90 percent of the base allowance. Those
who retired prior to January 1, 2015,will have an allowance of at least 75 percent of the base allowance.
The heath care trust is also used to fund health care for member-directed plan participants, in the form of
a Retiree Medical Account (RMA). At retirement or separation, member directed plan participants may
be eligible for reimbursement of qualified medical expenses from their vested RMA balance.
Effective January 1, 2022, OPERS discontinued the group plans currently offered to non-Medicare
retirees and re-employed retirees. Instead, eligible non-Medicare retirees will select an individual
medical plan. OPERS will provide a subsidy or allowance via an HRA allowance to those retirees who
meet health care eligibility requirements. Retirees will be able to seek reimbursement for plan premiums
and other qualified medical expenses.
In order to qualify for postemployment health care coverage, age and service retirees under the traditional
pension and combined plans must have twenty or more years of qualifying Ohio service credit with a
minimum age of 60. Members in Group A are eligible for coverage at any age with 30 or more years of
qualifying service. Members in Group B are eligible at any age with 32 years of qualifying service, or at
age 52 with 31 years of qualifying service. Members in Group C are eligible for coverage with 32 years
of qualifying service and a minimum age of 55. Current retirees eligible (or who became eligible prior to
January 1, 2022) to participate in the OPERS health care program will continue to be eligible after
January 1, 2022. Eligibility requirements change for those retiring after January 1, 2022, with differing
- 66 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
eligibility requirements for Medicare retirees and non-Medicare retirees. The health care coverage
provided by OPERS meets the definition of an Other Post Employment Benefit (OPEB) as described in
GASB Statement 75. See OPERS' Annual Comprehensive Financial Report referenced below for
additional information.
The Ohio Revised Code permits, but does not require, OPERS to provide health care to its eligible benefit
recipients. Authority to establish and amend health care coverage is provided to the Board in Chapter 145
of the Ohio Revised Code.
Disclosures for the health care plan are presented separately in the OPERS �nancial report. Interested
parties may obtain a copy by visiting https://www.opers.org/financial/reports.shtml, by writing to
OPERS, 277 East Town Street, Columbus, Ohio 43215-4642, or by calling (614) 222-5601 or 800-222-
7377.
Funding Policy — The Ohio Revised Code provides the statutory autharity allowing public employers to
fund postemployment health care through their contributions to OPERS. When funding is approved by
OPERS Board of Trustees, a portion of each employer's contribution to OPERS is set aside to fund
OPERS health care plans. Beginning in 2018, OPERS no longer allocated a portion of its employer
contributions to health care for the traditional plan and the combined plan.
Employer contribution rates are expressed as a percentage of the earnable salary of active members. In
2022, state and local employers contributed at a rate of 14.0 percent of earnable salary and public safety
and law enforcement employers contributed at 18.1 percent. These are the maximum employer
contribution rates permitted by the Ohio Revised Code. Active member contributions do not fund health
care.
Each year, the OPERS Board determines the portion of the employer contribution rate that will be set
aside to fund health care plans. For 2022, OPERS did not allocate any employer contribution to health
care for members in the Traditional Pension Plan and Combined Plan. The OPERS Board is also
authorized to establish rules for the retiree or their surviving beneficiaries to pay a portion of the health
care provided. Payment amounts vary depending on the number of covered dependents and the coverage
selected. The employer contribution as a percentage of covered payroll deposited into the RMA for
participants in the member-directed plan for 2022 was 4.0 percent.
Employer contribution rates are actuarially determined and are expressed as a percentage of covered
payroll.
The City's contractually required contribution was $5,812 for 2022. Of this amount, $235 is reported as
an intergovernmental payable.
Plan Description—Ohio Police& Fire Pension Fund(OP&F)
The City contributes to the Ohio Police and Fire Pension Fund (OP&F) sponsored healthcare program, a
cost-sharing, multiple-employer defined post-employment health care plan administered by a third-party
provider. This program is not guaranteed and is subject to change at any time upon action of the Board of
Trustees. On January 1, 2019, OP&F implemented a new model for health care. Under this new model,
OP&F provides eligible retirees with a fixed stipend earmarked to pay for health care and Medicare Part
B reimbursements.
- 67 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
OP&F contracted with a vendor who assists eligible retirees in choosing health care plans that are
available where they live (both Medicare-eligible and pre-65 populations). A stipend funded by OP&F is
available to these members through a Health Reimbursement Arrangement and can be used to reimburse
retirees for qualified health care expenses.
Regardless of a benefit recipient's participation in the health care program, OP&F is required by law to
pay eligible recipients of a service pension, disability benefit and spousal survivor benefit for their
Medicare Part B insurance premium, up to the statutory maximum provided the benefit recipient is not
eligible to receive reimbursement from any other source. Once OP&F receives the necessary
documentation, a monthly reimbursement is included as part of the recipient's next bene�t payment. The
stipend provided by OP&F meets the defmition of an Other Post Employment Benefit (OPEB) as
described in Governmental Accounting Standards Board(GASB) Statement No. 75.
OP&F inaintains funds for health care in two separate accounts: one account for health care benefits and
one account for Medicare Part B reimbursements. A separate health care trust accrual account is
maintained for health care benefits under IRS Code Section 115 trust. IRS Code Section 401(h) account
is maintained for Medicare Part B reimbursements.
The Ohio Revised Code allows, but does not mandate, OP&F to provide OPEB benefits. Authority for
the OP&F Board of Trustees to provide health care coverage to eligible participants and to establish and
amend benefits is codified in Chapter 742 of the Ohio Revised Code.
OP&F issues a publicly available financial report that includes financial information and required
supplementary information for the plan. The report may be obtained by visiting the OP&F website at
www.op-£org or by writing to the Ohio Police and Fire Pension Fund, 140 East Town Street, Columbus,
Ohio 43215-5164.
Funding Policy — The Ohio Revised Code provides for contribution requirements of the participating
employers and of plan members to the OP&F defined benefit pension plan. Participating employers are
required to contribute to the pension plan at rates expressed as percentages of the payroll of active
pension plan members, currently 19.5 percent and 24 percent of covered payroll for police and fire
employer units, respectively. The Ohio Revised Code states that the employer contribution may not
exceed 19.5 percent of covered payroll for police employer units and 24 percent of covered payroll for
fire employer units. Active members do not make contributions to the OPEB Plan.
The Board of Trustees is authorized to allocate a portion of the total employer contributions for retiree
health care benefits. For 2022, the portion of employer contributions allocated to health care was 0.5
percent of covered payrolL The amount of employer contributions allocated to the health care plan each
year is subject to the Trustees' primary responsibility to ensure that pension benefits are adequately
funded. The OP&F Board of Trustees is also authorized to establish requirements for contributions to the
health care plan by retirees and their eligible dependents or their surviving beneficiaries. Payment
amounts vary depending on the number of covered dependents and the coverage selected.
The City's contractually required contribution to OP&F was $21,475 for 2022. Of this amount, $2,518 is
reported as an intergovernmental payable.
- 68 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
OPEB Liabilities (Assets), OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows
of Resources Related to OPEB
The net OPEB liability (asset) and total OPEB liability for OPERS were determined by an actuarial
valuation as of December 31, 2020, rolled forward to the measurement date of December 31, 2021, by
incorporating the expected value of health care cost accruals, the actual health care payment, and interest
accruals during the year. OP&F's total OPEB liability was measured as of December 31, 2021, and was
determined by rolling forward the total OPEB liability as of January 1, 2021, to December 31, 2021. The
Ciry's proportion of the net OPEB liabiliry (asset) was based on the City's share of contributions to the
retirement plan relative to the contributions of all participating entities. Following is information related
to the proportionate share and OPEB expense:
OPERS OP&F Total
Proportion of the Net OPEB Liabiliry/Asset:
Current Measurement Date 0.04616100% 0.15722790%
Prior Measurement Date 0.04450100°/o 0.16189770%
Change in Proportionate Share 0.00166000% -0.00466980%
Proportionate Share of the:
Net OPEB Liabiliry $0 $1,723,354 $1,723,354
Net OPEB Asset (1,445,833) 0 (1,445,833)
OPEB Expense ($1,363,025) $172,917 ($1,190,108)
At December 31, 2022, the City reported deferred outflows of resources and deferred inflows of resources
related to OPEB from the following sources:
OPERS OP&F Total
Deferred Outflows of Resources
Differences between eXpected and actual experience $0 $78,397 $78,397
Changes of assumptions 0 762,809 762,809
Changes in proportion and differences between City
contributions and proportionate share of contributions 27,929 136,135 164,064
City contributions subsequent to the measurement date 5,812 21,475 27,287
Total Deferred Outflows of Resources $33,741 $998,816 $1,032,557
Deferred Inflows of Resources
Differences between expected and actual experience $219,311 $227,765 $447,076
Changes of assumptions 585,257 200,157 785,414
Net difference between proj ected and actual earnings on
OPEB plan investments 689,271 155,676 844,947
Changes in proportion and differences between City
contributions and proportionate share of contributions 35,585 76,153 111,738
TotalDeferredlnflowsofResources $1,529,424 $659,751 $2,189,175
- 69 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
$27,287 reported as deferred outflows of resources related to OPEB resulting from City contributions
subsequent to the measurement date will be recognized as a reduction of the net OPEB liability or an
increase in the net OPEB asset in 2023. Other amounts reported as deferred outflows of resources and
deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:
OPERS OP&F Total
Year Ending December 31:
2023 ($941,123) $102,915 ($838,208)
2024 (310,779) 79,803 (230,976)
zo2s �lso,6oz� si,og6 �69,s16�
zoz6 �9s,991� 3,463 �9s,szg�
2027 0 26,326 26,326
Thereafter 0 23,997 23,997
Totai ($i,soi,49s� $3i�,s90 (�i,ig3,9os�
Actuarial Assumptions- OPERS
Actuarial valuations of an ongoing plan involve estimates of the values of reported amounts and
assumptions about the probability of occurrence of events far into the future. Examples include
assumptions about future employment, mortality, and cost trends. Actuarially determined amounts are
subject to continual review or modification as actual results are compared with past expectations and new
estimates are made about the future.
Projections of health care costs for financial reporting purposes are based on the substantive plan (the
plan as understood by the employers and plan members) and include the types of coverage provided at the
time of each valuation and the historical pattern of sharing of costs between OPERS and plan members.
In 2021, the Board's actuarial consultants conducted an experience study for the period 2016 through
2020, comparing historical assumptions to actual results. The experience study incorporates both a
historical review and forward-looking projections to determine the appropriate set of assumptions to keep
the plan on a path toward full funding. Information from this study led to changes in both demographic
and economic assumptions. The actuarial valuation used for 2021 compared to those used for 2020 are as
follows:
December 31,2021 December 31,2020
Wage Inflarion 2.75 percent 325 percent
Projected Salary Increases, 2.75 to 10.75 percent 3.25 to 10.75 percent
including wage inflation including wage inflation
Single Discount Rate 6.00 percent 6.00 percent
Investment Rate of Return 6.00 percent 6.00 percent
Municipal Bond Rate 1.84 percent 2.00 percent
Health Care Cost Trend Rate 5.5 percent,initial 8.5 percent,initial
3.50 percent,ultimate in 2034 3.50 percent,ultimate in 2035
Actuarial Cost Method Individual Entry Age Individual Entry Age
- 70 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
For 2021, pre-retirement mortality rates are based on 130 percent of the Pub-2010 General Employee
Mortality tables (males and females) for State and Local Government divisions and 170 percent of the
Pub-2010 Safety Employee Mortality tables (males and females) for the Public Safety and Law
Enforcement divisions. Post-retirement mortality rates are based on 115 percent of the PubG-2010
Retiree Mortality Tables (males and females) for all divisions. Post-retirement mortality rates for
disabled retirees are based on the PubNS-2010 Disabled Retiree Mortality Tables (males and females) for
all divisions. For all of the previously described tables, the base year is 2010 and mortality rates for a
particular calendar year are determined by applying the MP-2020 mortality improvement scales (males
and females)to all of these tables.
For 2020, pre-retirement mortality rates are based on the RP-2014 Employees mortality table for males
and females, adjusted far mortality improvement back to the observation period base year of 2006. The
base year for males and females was then established to be 2015 and 2010, respectively. Post-retirement
mortality rates are based on the RP-2014 Healthy Annuitant mortality table for males and females,
adjusted for mortality improvement back to the observation period base year of 2006. The base year for
males and females was then established to be 2015 and 2010, respectively. Post-retirement mortality
rates for disabled retirees are based on the RP-2014 Disabled mortality table for males and females,
adjusted for mortality improvement back to the observation period base year of 2006. The base year for
males and females was then established to be 2015 and 2010, respectively. Mortality rates for a particular
calendar year are determined by applying the MP-2015 mortality improvement scale to all of the above-
described tables.
The most recent experience study was completed for the five-year period ended December 31, 2020.
During 2021, OPERS managed investments in three investment portfolios: the Defined Benefit portfolio,
the Health Care portfolio and the Defined Contribution portfolio. The Health Care portfolio includes the
assets for health care expenses for the Traditional Pension Plan, Combined Plan and Member-Directed
Plan eligible members. Within the Health Care portfolio,if any contributions are made into the plans, the
contributions are assumed to be received continuously throughout the year based on the actual payroll
payable at the time contributions are made. Health care-related payments are assumed to occur mid-year.
Accordingly, the money-weighted rate of return is considered to be the same for all plans within the
portfolio. The annual money-weighted rate of return expressing investment performance, net of
investment expenses and adjusted for the changing amounts actually invested, for the Health Care
portfolio was 14.3 percent for 2021.
The allocation of investment assets within the Health Care portfolio is approved by the Board of Trustees
as outlined in the annual investment plan. Assets are managed on a total return basis with a long-term
objective of continuing to offer a sustainable health care program for current and future retirees. OPERS'
primary goal is to achieve and maintain a fully funded status for the benefits provided through the defined
pension plans. Health care is a discretionary benefit. The long-term expected rate of return on health
care investment assets was determined using a building-block method in which best-estimate ranges of
expected future rates of return are developed for each major asset class. These ranges are combined to
produce the long-term expected rate of return by weighting the expected future rates of return by the
target asset allocation percentage, adjusted for inflation. Best estimates of geometric rates of return were
provided by the Board's investment consultant. For each major asset class that is included in the Health
Care's portfolio's target asset allocation as of December 31, 2021, these best estimates are summarized in
the following table:
- 71 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Weighted Average
Long-Term Eapected
Target Real Rate of Return
Asset Class Allocation (Geometric)
Fixed Income 34.00% 0.91%
Domestic Equities 25.00 3.78
Real Estate Investment Trust 7.00 3.71
International Equities 25.00 4.88
Risk Parity 2.00 2.92
Other investments 7.00 1.93
Total 100.00% 3.45%
Discount Rate A single discount rate of 6.0 percent was used to measure the OPEB liability on the
measurement date of December 31, 2021. Projected benefit payments are required to be discounted to
their actuarial present value using a single discount rate that reflects (1) a long-term expected rate of
return on OPEB plan investments (to the extent that the health care fiduciary net position is projected
to be sufficient to pay benefits), and (2) tax-exempt municipal bond rate based on an index of 20-year
general obligation bonds with an average AA credit rating as of the measurement date (to the extent
that the contributions for use with the long-term expected rate are not met). This single discount rate
was based on an expected rate of return on the health care investment portfolio of 6.00 percent and a
municipal bond rate of 1.84 percent (Fidelity Index's "20-Year Municipal GO AA Index"). The
projection of cash flows used to determine this single discount rate assumed that employer
contributions will be made at rates equal to the actuarially determined contribution rate. Based on
these assumptions, the health care fiduciary net position and future contributions were sufficient to
finance health care costs through 2121. As a result, the actuarial assumed long-term expected rate of
return on health care investments was applied to projected costs through the year 2121, the duration of
the projection period through which projected health care payments are fully funded.
Sensitivity of the City's Proportionate Share of the Net OPEB Asset to Changes in the Discount Rate
The following table presents the City's proportionate share of the net OPEB asset calculated using the
single discount rate of 6.00 percent, as well as what the City's proportionate share of the net OPEB
liability would be if it were calculated using a discount rate that is one-percentage-point lower (5.00
percent) or one-percentage-point higher(7.00 percent)than the current rate:
Current
1%Decrease Discount Rate 1%Increase
(5.00%) (6.00%) (7.00%)
City's proportionate share of the net OPEB asset $850,286 $1,445,833 $1,940,147
Sensitivity of the City's Proportionate Share of the Net OPEB Asset to Changes in the Health Care
Cost Trend Rate Changes in the health care cost trend rate may also have a significant impact on the net
OPEB liability. The following table presents the net OPEB asset calculated using the assumed trend
rates, and the expected net OPEB asset if it were calculated using a health care cost trend rate that is 1.0
percent lower or 1.0 percent higher than the current rate.
- 72 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Retiree health care valuations use a health care cost-trend assumption that changes over several years
built into the assumption. The near-term rates reflect increases in the current cost of health care; the trend
starting in 2022 is 5.50 percent. If this trend continues for future years, the projection indicates that years
from now virtually all expenditures will be for health care. A more reasonable alternative is the health
plan cost trend will decrease to a level at, or near, wage inflation. On this basis, the actuaries project
premium rate increases will continue to exceed wage inflation for approximately the next decade, but by
less each year, until leveling off at an ultimate rate, assumed to be 3.50 percent in the most recent
valuation.
Current Health Care
Cost Trend Rate
1%Decrease Assumption 1%Increase
Ciry's proportionate share of the net OPEB asset $1,461,457 $1,445,833 $1,427,298
Actuarial Assumptions—OP&F
OP&F's total OPEB liability as of December 31, 2021, is based on the results of an actuarial valuation
date of January 1, 2021, and rolled-forward using generally accepted actuarial procedures. The total
OPEB liability is determined by OP&F's actuaries in accordance with GASB Statement No. 74, as part of
their annual valuation. Actuarial valuations of an ongoing plan involve estimates of the value of reported
amounts and assumptions about probability of occurrence of events far into the future. Examples include
assumptions about future employment, mortality, salary increases, disabilities, retirements and
employment terminations. Actuarially determined amounts are subject to continual review and potential
modifications, as actual results are compared with past expectations and new estimates are made about the
future.
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as
understood by the employers and plan members) and include the types of benefits provided at the time of
each valuation and the historical pattern of sharing benefit costs between the employers and plan
members to that point. The projection of benefits for financial reporting purposes does not explicitly
incorporate the potential effects of legal or contractual funding limitations.
Actuarial calculations reflect a long-term perspective. For a newly hired employee, actuarial calculations
will take into account the employee's entire career with the employer and also take into consideration the
benefits, if any,paid to the employee after termination of employment until the death of the employee and
any applicable contingent annuitant. In many cases, actuarial calculations reflect several decades of
service with the employer and the payment of benefits after termination.
Key methods and assumptions used in the latest actuarial valuation, reflecting experience study results,
are presented below.
Valuation Date January 1,2021,with actuarial lrabilities
rolled forward to December 31,2021
Actuarial Cost Method Enhy Age Normal
Investment Rate of Reh�rn 7.5 percent
Projected Salary Increases 3J5 percent to 10.5 percent
Payroll Growth 3.25 percent
Blended discount rate:
Current measurement date 2.84 percent
Prior measurement date 2.96 percent
Cost of Living Adjustments 2.2 percent simple per year
- 73 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
In February 2022, the OP&F Board adopted a change in the investment rate of return, changing it from 8
percent for the 2020 measurement period to 7.5 percent for the 2021 measurement period.
Mortality for non-disabled participants is based on the RP-2014 Total Employee and Healthy Annuitant
Mortality Tables rolled back to 2006, adjusted accarding to the rates in the following table, and projected
with the Buck Modified 2016 Improvement Scale. Rates for surviving beneficiaries are adjusted by 120
percent.
Age Police Fire
67 or less 77 % 68 %
68-77 105 87
78 and up 115 120
Mortality for disabled retirees is based on the RP-2014 Disabled Mortality Tables rolled back to 2006,
adjusted according to the rates in the following table, and projected with the Buck Modified 2016
Improvement Scale.
A ge Po lice Fire
59 or less 35 % 35 %
60-69 60 45
70-79 75 70
80 and up 100 90
The most recent experience study was completed for the five year period ended December 31, 2016.
OP&F health care plan follows the same asset allocation and long-term expected real rate of return for
each major asset class as the pension plan, see Note 12.
Discount Rate For 2021, the total OPEB liability was calculated using the discount rate of 2.84 percent.
Far 2020, the total OPEB liability was calculated using the discount rate of 2.96 percent. The projection
of cash flows used to determine the discount rate assumed the contribution from employers and from
members would be computed based on contribution requirements as stipulated by State statute. Projected
inflows from investment earnings were calculated using the longer-term assumed investment rate of
return of 7.5 percent. Based on those assumptions, OP&F's fiduciary net position was projected to not be
able to make all future benefit payments of current plan members. Therefore, a municipal bond rate of
2.05 percent at December 31, 2021, and 2.12 percent at December 31, 2020, was blended with the long-
term rate of 7.5 percent for 2021 and 8 percent for 2020,which resulted in a blended discount rate of 2.84
percent for 2021 and 2.96 percent for 2020. The municipal bond rate was determined using the Bond
Buyers General Obligation 20-year Municipal Bond Index Rate. The OPEB plan's fiduciary net position
was projected to be available to make all projected OPEB payments until 2037. The long-term expected
rate of return on health care investments was applied to projected costs through 2037, and the municipal
bond rate was applied to all health care costs after that date.
Sensitivity of the City's Proportionate Share of the Net OPEB Liability to Changes in the Discount
Rate Net OPEB liability is sensitive to changes in the discount rate, and to illustrate the potential impact
the following table presents the net OPEB liability calculated using the discount rate of 2.84 percent, as
well as what the net OPEB liability would be if it were calculated using a discount rate that is one
percentage point lower(1.84 percent), or one percentage point higher(3.84 percent)than the current rate.
- 74 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Current
1%Decrease Discount Rate 1%Increase
(1.84%) (2.84%) (3.84%)
Ciry's proportionate share of the net OPEB liability $2,166,293 $1,723,354 $1,359,255
Note 14—Other Employee Benefits
Compensated Absences
The criteria for determining vacation and sick leave benefits are derived from negotiated agreements and
State laws. Employees earn two to six weeks of vacation per year, depending upon length of service.
Vacation accumulation is limited to one year. All accumulated unused vacation time is paid upon
termination of employment.
Employees earn sick leave at the rate of 6.47 hours per pay for firefighters and 4.62 hours per pay for all
other employees. Upon retirement or death, an employee shall be paid 33 percent of accumulated sick
leave. Employees may deduct up to 120 hours from their sick balance and defer payment on it until the
following January.
Dental Insurance
The City provides dental benefits to employees through Lincoln Financial. The family and single
premiums for 2022 were $96.85 and$32.10,respectively.
Deferved Compensation
City employees may participate in the Ohio Public Employees Deferred Compensation Plan. This plan
was created in accordance with Internal Revenue Code Section 456 and are considered an other employee
benefit plan. Participation is on a voluntary payroll deduction basis. The plans permit deferral of
compensation until future years. According to the plans, the deferred compensation is not available until
termination, retirement, death or an unforeseeable emergency.
Note 15—Contingencies
Grants
The City received financial assistance from Federal and State agencies in the form of grants. The
disbursement of funds received under these programs generally requires compliance with the terms and
conditions specified in the grant agreements and are subject to audit by the grantar agencies. Any
disallowed claims resulting from such audits could become a liability of the general fund or other
applicable funds. However, in the opinion of management, any such disallowed claims will not have a
material adverse effect on the overall financial position of the City at December 31, 2022.
Litigation
The City is party to various legal proceedings. City management is of the opinion that ultimate settlement
of such claims not covered by insurance will not result in a material adverse effect on the City's financial
position.
- 75 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Note 16—Asset Retirement Obligations
The Bureau of Underground Storage Tank Regulations (BUSTR) regulates petroleum and hazardous
substances stored in underground storage tanks. These regulations are included in Ohio Administrative
Code Section 1301-7-9 and require a City classified as an "owner" or "operator," to remove from the
ground any underground storage tank (UST) that is not in use for a year or more. A permit must first be
obtained for that year it is not being used. Once the UST is removed, the soil in the UST cavity and
excavated material must be tested far contamination. These assets' retirement obligations (ARO) of
$64,005 associated with the City's underground storage tanks was estimated by the City engineer. The
remaining useful life of these USTs is 30 years. The City maintains insurance related to any potential
pollution remediation associated with the USTs.
Note 17—Long-Term Obligations
The original issue date, interest rate, original issuance amount and maturity date for each of the City's
long-term obligations follows:
Original Original Date
Issue Interest Issue of
Date Rate Amount Maturity
General Obligafion Bonds:
Human Services Faciliry Refunding 2012 1.25%to 2.25% $3,580,000 December 1,2023
Police Facility Project 2017 2.00 to 3.00 8,000,000 December 1,2036
Service Center Garage 2017 2.00 to 3.00 1,980,000 December 1,2036
Police Faciliry Project 2019 2.88 to 5.00 2,000,000 December 1,2043
Aquatic Facility Project 2019 2.88 to 5.00 6,500,000 December 1,2039
State Route 82 Project(A) 2022 3.00 to 4.00 1,560,000 December 1,2030
State Route 82 Project(B) 2022 3.00 to 4.00 1,275,000 December 1,2030
Field House Project 2022 3.00 to 4.00 8,080,000 December 1,2051
Miller Road Project 2022 3.00 to 4.00 940,000 December 1,2041
From Direct Placement:
Various Purpose Tree Farm Refunding 2015 2.03 2,525,000 December 1,2025
Tax Increment Financing Revenue Bonds:
Valor Acres Project 2022 5.625 9,705,000 December 1,2053
Special Assessment Bonds:
Route 21,Hilton,Whitewood Sewer and Storm 2005 3.00 to 5.00 1,075,000 December 1,2025
Katherine Boulevard Improvements 2012 1.25 to 2.25 1,430,000 December 1,2022
Riverview Road Sewer 2012 1.25 to 2.75 575,000 December 1,2032
From Direct Placement:
Various Putpose Route 21 Access Road Refunding 2015 2.03 115,000 December 1,2025
Bond Anticipation Notes:
Chippewa Road Improvements Notes 2022 232 3,600,000 June 22,2023
OPWCLoans from Direct Borrowings:
Route 21,Hilton,Whitewood Sanitary Sewer 2005 0.00 231,143 July 1,2025
Fitzwater,Riverview,Wiese,Carriage Hill Cleaning 2006 0.00 162,934 January 1,2027
Wiese Road Retaining Wall Improvement 2013 0.00 229,030 January 1,2033
Leases:
Police Vehicle 2019 1.86 8,744 July 19,2022
Police Vehicle 2022 1.59 6,842 June 30,2024
- 76 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
A schedule of changes in bonds and other long-term obligations of the City during 2022 follows:
Principal Principal Amounts
Outstanding Outstanding Due in
12/3 U2021 Additions Deletions 12/31/2022 One Year
Governmental Activities
General Obligations Bonds:
2012 Human Services Facility Refunding $805,000 $0 ($400,000) $405,000 $405,000
Premium on Bonds 16,480 0 (8,240) 8,240 0
2017 Police Facility Project
Serial Bond 2,660,000 0 (105,000) 2,555,000 110,000
Term Bond 4,710,000 0 0 4,710,000 0
Premium on Bonds 107,689 0 (7,179) 100,510 0
2017 Service Center Garage
Serial Bond 660,000 0 (90,000) 570,000 90,000
Term Bond 935,000 0 0 935,000 0
Premium on Bonds 27,894 0 (1,860) 26,034 0
2019 Police Facility Project
Serial Bond 725,000 0 (50,000) 675,000 55,000
TermBond 1,160,000 0 0 1,160,000 0
Premium on Bonds 90,222 0 (4,101) 86,121 0
2019 Aquatic Facility Project
Serial Bond 3,225,000 0 (230,000) 2,995,000 240,000
Term Bond 2,845,000 0 0 2,845,000 0
Premium on Bonds 451,550 0 (20,525) 431,025 0
2022 State Route 82 Project(A)
Serial Bond 0 1,560,000 (135,000) 1,425,000 155,000
Premium on Bonds 0 181,840 (20,208) 161,632 0
2022 State Route 82 Project(B)
Serial Bond 0 1,275,000 (110,000) 1,165,000 130,000
Premium on Bonds 0 148,316 (16,476) 131,840 0
2022 Field House Project
Serial Bond 0 45,000 (5,000) 40,000 5,000
Term Bond 0 8,035,000 0 8,035,000 0
Premium on Bonds 0 671,938 (22,396) 649,542 0
2022 Miller Road Project
Serial Bond 0 340,000 (30,000) 310,000 35,000
Term Bond 0 600,000 0 600,000 0
Premium on Bonds 0 81,912 (4,088) 77,824 0
From Direct Placement:
2015 Various Purpose Tree Farm Refunding 1,070,000 0 (265,000) 805,000 265,000
Total General Obligation Bonds 19,488,835 12,939,006 (1,525,073) 30,902,768 1,490,000
Tax Lncrement Financing Revenue Bonds:
2022 Valor Acres Project 0 9,705,000 0 9,705,000 0
Discount on Bonds 0 (388,200) 0 (388,200) 0
Total Tax Incr-emenX Financing Revenue Bonds 0 9,316,800 0 9,316,800 0
Special Assessment Bonds:
2005 Route 21,Hilton,Whitewood Sewer and Storm 305,000 0 (65,000) 240,000 75,000
2012 Katherine Boulevard Improvements 155,000 0 (155,000) 0 0
Premium on Bonds 3,806 0 (3,806) 0 0
2012 Riverview Road Sewer
Serial Bond 60,000 0 (30,000) 30,000 30,000
Term Bond 290,000 0 0 290,000 0
From Direct Placement:
2015 Various Purpose Route 21 Access Road Refunding 55,000 0 (L0,000) 45,000 L0,000
Total Special Assessment Bonds 868,A06 0 (263,A06) 605,000 1 15,000
Bond Anticipation Notes:
2021 Field House Bond Anticipation Notes 8,600,000 0 (8,600,000) 0 0
2021 Route 82 Bond Anticipation Notes 3,110,000 0 (3,110,000) 0 0
2021 Interchange at Miller Road and Interstate 77 Notes 1,000,000 0 (1,000,000) 0 0
Premium on Notes 99,918 0 (99,918) 0 0
2022 Chippewa Road Improvements Notes 0 3,600,000 0 3,600,000 0
TotalBondAnticipatzonNotes $12,809,918 $3,600,000 ($12,809,918) $3,600,000 $0
(continued)
- 77 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Principal Principal Amounts
Outstanding Outstanding Due in
12/31/2021 Additions Deletions 12/31/2022 One Year
Governmental Activities(continued)
OPWC Loans from Direct Borrowings:
2005 Route 21,Hilton,Whitewood Sanitary Sewer $46,228 $0 ($11,557) $34,671 $11,557
2006 Fitzwater,Riverview Wiese,Carriage Hill Cleaning 44,806 0 (8,146) 36,660 8,147
2013 Wiese Road Retaining Wall Improvement 143,144 0 (11,452) 131,692 11,451
TotaIOPWCLoans 234,178 0 (31,155) 203,023 31,155
Leases 2,936 6,842 (4,412) 5,366 3,406
NetPension Liability:
OPERS 6,806,859 0 (2,647,023) 4,159,836 0
OP&F 11,036,710 0 (1,214,019) 9,822,691 0
Total NetPension Liability 17,843,569 0 (3,861,042) 13,982,527 0
Net OPEB Liability:
OP&F 1,715,333 8,021 0 1,723,354 0
Compensated Absences 1,136,920 178,357 (255,468) 1,059,809 250,979
Asset Retirement Obligations 64,005 0 0 64,005 0
TotalGovernmentalActivities $54,164,500 $26,049,026 ($18,750,874) $61,462,652 $1,890,540
On September 20, 2012, the City issued $3,580,000 in general obligation bonds for the purpose of
refunding a portion of the 2004 Human Services Facility Bonds. These bonds were issued for a twelve
year period with a final maturity of December 1, 2023. The proceeds of the new bonds were placed in an
irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust
account assets and liabilities for the defeased bonds are not included in the City's financial statements.
On December 31, 2022, $425,000 of the defeased bonds are still outstanding.
During 2015, the City issued $2,525,000 of various purpose refunding bonds for the purpose of retiring
the 2005 tree farm property bonds and $115,000 of various purpose refunding bonds for the purpose of
retiring the 2005 Route 21 Access Road special assessment bonds from direct placement. The new bonds
were issued for a period of 10 years at an interest rate of 2.03 percent. The proceeds of the new bonds
were placed in an irrevocable trust to provide for all future debt service payments on the old bonds.
Accordingly, the trust account assets and liabilities for the defeased bonds are not included in the City's
financial statements. On December 31, 2022, $905,000 of the defeased bonds are still outstanding.
Prior Redem�tion The bonds maturing on and after December 1, 2021, are subject to prior
redemption on and after December 1, 2020,by and at the sole option of the City, either in whole
or in part (as selected by the City) on any date and in whole multiples of $5,000, at par, plus
accrued interest to the redemption date.
On June 7, 2017, the City issued $8,000,000 and $1,980,000 in general obligation bonds for the purpose
of the construction of the new police station building and the retirement of 2016 bond anticipation notes
related to the service center garage project, respectively. $4,335,000 of the bonds issued were serial
bonds, while $5,645,000 of the bonds issued were term bonds. These bonds were issued for a twenty year
period with a final maturity of December 1, 2036.
Mandator:v Redemption The bonds maturing on December 1, 2036, are subject to mandatory
sinking fund redemption in part by lot pursuant to the terms of the mandatory sinking fund
redemption requirements of the authorizing legislation, at a redemption price equal to 100 percent
of the principal amount redeemed,plus interest accrued to the redemption date, on December 1 of
the years shown in, and according to,the following schedule.
- 78 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Principal Amount
Year to be Redeemed
2029 $640,000
2030 655,000
2031 675,000
2032 695,000
2033 715,000
2034 735,000
2035 755,000
Total mandatory sinking
fund payment 4,870,000
Amount due at stated
maturiry 775,000
Total $5,645,000
Statecl Maturity 12/1/2036
O�tional Redemption The bonds maturing on or after December 1, 2026, are subject to priar
redemption, by and at the sole option of the City, in whole or in part as selected by the City (in
whole multiples of $5,000), on any date on or after December 1, 2025, at a redemption price
equal to 100 percent of the principal amount redeemed, plus interest accrued to the redemption
date.
On June 12, 2019, the City issued$8,500,000 in general obligation bonds for the purpose of constructing,
reconstructing, renovating, enlarging, furnishing, equipping and otherwise improving the municipal
swimming pool facilities and related recreational facilities as well as the new police department and
otherwise improving the site. $4,495,000 of the bonds issued were serial bonds, while $4,005,000 of the
bonds issued were term bonds. These police facility and aquatic facility bonds were issued for a twenty-
five and twenty year period with a final maturity of December 1, 2043 and December 1, 2039,
respectively.
Mandatory Redemption The bonds maturing on December 1, 2039 and December 1, 2043, are
subject to mandatory sinking fund redemption in part by 1ot pursuant to the terms of the
mandatory sinking fund redemption requirements of the authorizing legislation, at a redemption
price equal to 100 percent of the principal amount redeemed, plus interest accrued to the
redemption date, on December 1 of the years shown in, and according to, the following schedule.
Principal Amount Principal Amount
Year to be Redeemed to be Redeemed
2033 $460,000 $0
2034 470,000 0
2035 485,000 0
2036 495,000 0
2037 5 I 0,000 0
2038 525,000 0
2040 0 100,000
2041 0 135,000
2042 0 140,000
Total mandatory sinking
fund payment 2,945,000 375,000
Amount due at stated
maturity 540,000 145,000
Total $3,485,000 $520,000
Stated Maturity 12/1/2039 12/1/2043
- �9 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Optional Redem�tion The bonds maturing on or after December 1, 2027, are subject to prior
redemption, by and at the sole option of the City, in whole ar in part as selected by the City (in
whole multiples of $5,000), on any date on or after December 1, 2025, at a redemption price
equal to 100 percent of the principal amount redeemed, plus interest accrued to the redemption
date.
On February 15, 2022, the City issued $11,855,000 in general obligation bonds. $2,835,000 was for the
purpose of State Route 82 street improvements. $8,080,000 was for the purpose of paying costs of
designing, developing, constructing, installing, equipping and improving an athletic fieldhouse to be
located on the Blossom Hill property on Oakes Road. $940,000 was for the purpose of expanding the
interchange at Miller Road and Interstate 77. $3,220,000 of the bonds issued were serial bonds, while
$8,635,000 of the bonds issued were term bonds. These bonds were issued for a thirty year period with a
final maturity of December 1, 2051. At December 31, 2022, the $8,080,000 field house project
obligations had unspent proceeds of$498,523.
Mandatory Redemption The bonds maturing on December 1, 2032, December 1, 2037,
December 1, 2039, December 1, 2042, December 1, 2044, and December 1, 2051, are subject to
mandatory sinking fund redemption in part by lot pursuant to the terms of the mandatory sinking
fund redemption requirements of the autharizing legislation, at a redemption price equal to 100
percent of the principal amount redeemed, plus interest accrued to the redemption date, on
December 1 of the years shown in, and according to,the following schedule.
Principal Amount Principal Amount Principal Amount Principal Amount Principal Amount Principal Amount
Year to be Redeemed to be Redeemed to be Redeemed to be Redeemed to be Redeemed to be Redeemed
2031 $210,000 $0 $0 $0 $0 $0
2033 0 230,000 0 0 0 0
2034 0 235,000 0 0 0 0
2035 0 245,000 0 0 0 0
2036 0 250,000 0 0 0 0
2038 0 0 445,000 0 0 0
2040 0 0 0 470,000 0 0
2041 0 0 0 490,000 0 0
2043 0 0 0 0 450,000 0
2045 0 0 0 0 0 480,000
2046 0 0 0 0 0 495,000
2047 0 0 0 0 0 515,000
2048 0 0 0 0 0 535,000
2049 0 0 0 0 0 560,000
2050 0 0 0 0 0 580,000
Total mandatory sinking
fund payment 210,000 960,000 445,000 960,000 450,000 3,165,000
Amount due at stated
maturiry 225,000 255,000 460,000 435,000 465,000 605,000
Total $435,000 $1,215,000 $905,000 $1,395,000 $915,000 $3,770,000
Stated Maturity 12/1/2032 12/1/2037 12/1/2039 12/1/2042 12/1/2044 12/1/2051
Optional Redem�tion The bonds maturing on or after December 1, 2032, are subject to prior
redemption, by and at the sole option of the City, in whole ar in part as selected by the City (in
whole multiples of $5,000), on any date on or after December 1, 2030, at a redemption price
equal to 100 percent of the principal amount redeemed, plus interest accrued to the redemption
date.
- 80 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
On May 24, 2022,the City issued $9,705,000 in tax increment financing(TIF)revenue term bonds for the
purpose of paying costs of constructing and improving public infrastructure in the Valor Acres
development and paying certain financing and other costs of the bonds. The bonds carry an interest rate
of 5.625 percent and will mature on December 1, 2053. The bonds are secured with TIF revenue on the
parcels involved with the project. Any shortfalls on the debt service payments generated from the TIF
revenue are not held against the City, but rather moneys held by the Trustee in the Debt Service Reserve
Fund. The bonds have $1,561,351 in unspent proceeds (before related contracts payables) as of December
31, 2022.
Mandatory Redem�tion The bonds are subject to mandatory redemption at a redemption price
equal to 100 percent of the principal amount redeemed, plus accrued interest to the redemption
date, accarding to the following schedule:
Principal Amount
Year to be Redeemed
2025 $100,000
2026 140,000
2027 145,000
2028 155,000
2029 165,000
2030 175,000
2031 180,000
2032 190,000
2033 205,000
2034 215,000
2035 225,000
2036 240,000
2037 255,000
2038 265,000
2039 280,000
2040 300,000
2041 315,000
2042 330,000
2043 350,000
2044 370,000
2045 390,000
2046 415,000
2047 435,000
2048 460,000
2049 485,000
2050 515,000
2051 545,000
2052 575,000
Total mandatory sinking fund payment 8,420,000
Amount due at stated maturity 1,285,000
Total $9,705,000
Stated Maturity 12/1/2053
Optional Redem�tion The bonds maturing on or after December 1, 2033, are subject to prior
redemption on any date occurring on or after December 1, 2032, at the option of the issuer, in
whole or in part, in $5,000 increments, at a redemption price equal to 100 percent of the principal
amount redeemed plus interest accrued on that principal amount to the redemption date, following
written notice provided to the hold at least thiriy days prior to the date of redemption.
- 81 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
On September 8, 2005, the City issued $1,075,000 in special assessment bonds for sanitary sewer
construction on Route 21 and on Hilton and Whitewood Roads. The bonds were issued for a twenty year
period with final maturity at December 1, 2025. These bonds were partially refunded in 2015.
On September 20, 2012 the City issued $1,430,000 in special assessment bonds for infrastructure
improvements on Katherine Boulevard. The bonds were issued for a ten year period with final maturity
on December 1, 2022.
On September 20, 2012 the City issued $575,000 in special assessment bonds for sanitary sewer
construction on Riverview Road. The bonds were issued for a twenty year period with final maturity on
December 1,2032.
Mandatory Redemption The Riverview Road bonds are subject to mandatary sinking fund
redemption at a redemption price of 100 percent of the principal amount to be redeemed, plus
accrued interest to the date of redemption, on December 1 of the years and in the respective
principal amounts as follows:
Principal Amount
Year to be Redeemed
2024 $30,000
2025 30,000
2026 30,000
2027 30,000
2028 30,000
2029 35,000
2030 35,000
2031 35,000
Total mandatory sinking
fund payment 255,000
Amount due at stated
maturity 35,000
Total $290,000
Stated Maturity 12/1/2031
O�tional Redemption The bonds maturing on or after December 1, 2022, will be subject to prior
redemption, on or after December 1, 2021, by and at the option of the City, either in whole or in
part on any date, and in integral multiples of $5,000, at par, plus accrued interest to the
redemption date.
On February 24, 2021, the City issued bond anticipation notes in the amount of $10,560,000. Of this
amount, $8,600,000 was for the purpose of paying costs of designing, developing, constructing, installing,
equipping and improving an athletic fieldhouse to be located on the Blossom Hill property on Oakes
Road, $960,000 was for the purpose of Route 82 street improvements in a joint project with the City of
Broadview Heights, and$1,000,000 was far the purpose of expanding the interchange at Miller Road and
Interstate 77. The notes were issued at an interest rate of 1.00 percent and matured on February 24, 2022.
The notes were issued with a premium of$83,213.
On June 2, 2021, the City issued bond anticipation notes in the amount of$2,150,000. Of this amount,
$750,000 was for the purpose of Route 82 street improvements in a joint project with the City of
Broadview Heights and $1,400,000 for the purpose of Route 82 street improvements. The notes were
issued at an interest rate of 1.25 percent and matured on February 24, 2022. The notes were issued with a
premium of$16,705.
- 82 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
On June 23, 2022, the City issued bond anticipation notes in the amount of$5,200,000, which was for the
purpose of constructing sanitary sewer along a portion of Chippewa Road. $1,600,000 of these notes was
paid down and was reflected as a fund liabiliry at December 31, 2022. The notes were issued at an
interest rate of 2.322 percent and mature on June 22, 2023. At December 31, 2022, the City notes were
considered to be unspent proceeds.
The OPWC loans from direct borrowings contain provisions that in an event of default (1) OPWC may
apply late fees of 8 percent per year, (2) loans more than 60 days late will be turned over to the Attorney
General's office for collection, and as provided by law, the OPWC may require that such payment be
taken from the City's share of the City undivided local government fund. The OPWC administers Issue II
loans.
The City has outstanding agreements to lease police vehicles. Due to the implementation of GASB
Statement 87, these leases have met the criteria of leases thus requiring them to be recorded by the City.
The future lease payments were discounted based on the interest rate implicit in the lease. This discount
is being amortized using the interest method over the life of the lease. A summary of the principal and
interest amounts for the remaining leases is as follows:
Principal Interest
2023 $3,406 $734
2024 1,960 110
Total $5,366 $844
All bonds are secured by the full faith and credit of the City. General obligation bonds will be paid from
existing balances and transfers into the debt service fund. Tax increment financing revenue bonds will be
paid from the debt urban redevelopment tax increment equivalents fund, which will be paid from
payments in lieu of taxes agreed upon by the City. The special assessment bonds will be paid from the
proceeds of special assessments levied against benefited property owners. In the event that a property
owner would fail to pay the assessment,payment would be made by the City.
The loans wi11 be paid with monies from the Issue II capital projects fund. The leases will be paid from
the general fund. There is no repayment schedule for net pension/OPEB liabilities; however, employer
pension contributions are made from the general fund and the fire department, community center,
enforcement and education, police pension, and local fiscal recovery special revenue funds. For
additional information related to the net pension/OPEB liabilities see Notes 12 and 13. Compensated
absences will be paid from the general fund and the fire department and community center special
revenue funds. Asset retirement obligations will be paid from the buildings and improvements or general
municipal improvement capital projects fund.
The City's overall legal debt margin was $50,103,865 at December 31, 2022. Principal and interest
requirements to retire long-term obligations outstanding at December 31, 2022, are as follows:
- 83 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
General Obligation Bonds General Obligation Bonds from
Serial Portion Term Portion Direct Placement-Serial
Principal Interest Principal Interest Principal Interest
2023 $1,225,000 $946,988 $0 $0 $265,000 $16,341
2024 1,195,000 909,376 0 0 270,000 10,962
2025 1,230,000 869,577 0 0 270,000 5,481
2026 1,290,000 822,776 0 0 0 0
2027 1,335,000 773,576 0 0 0 0
2028-2032 3,865,000 2,010,551 3,100,000 1,126,038 0 0
2033-2037 0 0 6,615,000 2,006,137 0 0
2038-2042 0 0 3,740,000 1,212,644 0 0
2043-2047 0 0 2,550,000 741,550 0 0
2048-2051 0 0 2,280,000 232,600 0 0
Total $10,140,000 $6,332,844 $18,285,000 $5,318,969 $805,000 $32,784
OPWC Loans
Tax Increment Financing Special Assessment Bonds from Direct
Revenue Bonds-Term Serial Portion Term Portion Borrowings
Principal Interest Principal Interest Principal Interest Principal
2023 $0 $545,906 $115,000 $13,589 $0 $7,975 $31,155
2024 0 545,906 95,000 8,960 30,000 7,975 31,156
2025 100,000 545,907 105,000 4,656 30,000 7,150 31,155
2026 140,000 540,281 0 0 30,000 6,325 19,598
2027 145,000 532,406 0 0 30,000 5,500 15,524
2028-2032 865,000 2,528,719 0 0 170,000 14,300 57,258
2033-2037 1,140,000 2,256,750 0 0 0 0 17,177
2038-2042 1,490,000 1,899,000 0 0 0 0 0
2043-2047 1,960,000 1,429,875 0 0 0 0 0
2048-2052 2,580,000 813,094 0 0 0 0 0
2053 1,285,000 72,281 0 0 0 0 0
Total $9,705,000 $11,710,125 $315,000 $27,205 $290,000 $49,225 $203,023
Note 18-Short-Term Obligations
On June 23, 2022, the City issued bond anticipation notes in the amount of$5,200,000, which was for the
purpose of constructing sanitary sewer along a portion of Chippewa Road. $1,600,000 of these notes was
paid down and was reflected as a fund liability at December 31, 2022. The notes were issued at an
interest rate of 2322 percent and mature on June 22, 2023. At December 31, 2022, the City had unspent
proceeds of$59,881.
On September 21, 2022, the City issued bond anticipation notes in the amount of$4,550,000, which was
for the purpose of paying costs of expanding the interchange at Miller Road and Interstate 77. The notes
were issued at an interest rate of 4.00 percent and mature on September 21, 2023. The notes were issued
with a premium of$44,454.
Principal Principal
Outstanding Outstanding
12/31/2021 Additions Deletions 12/31/2022
Governmental Activities
2022 Bond Anticipation Notes $0 $1,600,000 $0 $1,600,000
2022 Bond Anticipation Notes 0 4,550,000 0 4,550,000
Premium on Notes 0 44,454 0 44,454
TotalNotesPayable $0 $6,194,454 $0 $6,194,454
- 84 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Note 19—Fund Balances
Fund balance is classified as nonspendable, restricted, committed, assigned and/or unassigned based
primarily on the extent to which the City is bound to observe constraints imposed upon the use of the
resources in the government funds. The constraints placed on fund balance for the major governmental
funds and all other governmental funds are presented as follows:
General
Obligation General
Fire Bond Municipal
Fund Balances General Department Retirement Improvement
Nonspendable:
Materials and Supplies Inventory $256,963 $51,250 $0 $0
Prepaid Items 287,015 317 0 0
Assets Held for Resale 137,100 0 0 0
Unclaimed Monies 4,350 0 0 0
Interfund Loans 39,000 0 0 0
Total Nonspendable 724,428 51,567 0 0
Restricted for:
Capital Projects 0 0 0 0
Debt Service 0 0 645,306 0
Court Computerization 0 0 0 0
Fire Department 0 1,405,041 0 0
Police Department 0 0 0 0
Road Maintenance 0 0 0 0
Street Construction,Maintenance,and Repair 0 0 0 0
Other Purposes 0 0 0 0
Total Restricted 0 1,405,041 645,306 0
Committed to:
Capital Projects 0 0 0 0
Police Department 0 0 0 0
Other Purposes 0 0 0 0
Purchases on Order:
City Administration 619,971 0 0 0
Public Safety 26,067 0 0 0
Maintenance and Services 229,ll9 0 0 0
Other Purposes 7,085 0 0 0
Total Committed 882,242 0 0 0
Assigned to:
Capital Projects 0 0 0 0
Purchases on Order:
City Administration 9,450 0 0 0
Public Safety 3,617 0 0 0
Maintenance and Services 3,435 0 0 0
Other Purposes 2,990 0 0 0
2023 Appropriations 365,335 0 0 0
TotalAssigned 384,827 0 0 0
Unassigned(Deficit) 14,393,920 0 0 (87,848)
Total Fund Balance(Deficit) $16,385,417 $1,456,608 $645,306 ($87,848)
(continued)
- 85 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Capital Urban
Redevelopment Other Total
Buildings and Road Tax Increment Govemmental Governmental
Fund Balances(continued) Improvements Improvements Equivalents Funds Funds
Nonspendable:
Materials and Supplies Inventory $0 $0 $0 $69,655 $377,868
PrepaidItems 0 0 0 2,778 290,110
Assets Held for Resale 0 0 0 0 137,100
Unclaimed Monies 0 0 0 0 4,350
Interfund Loans 0 0 0 0 39,000
Total Nonspendable 0 0 0 72,433 848,428
Restricted for:
Capital Projects 0 0 4,867 233,597 238,464
Debt Service 0 0 0 1,695,111 2,340,417
Court Computerization 0 0 0 146,860 146,860
Fire Department 0 0 0 0 1,405,041
Police Department 0 0 0 530,590 530,590
Road Maintenance 0 0 0 316,100 316,100
Street Construction,Maintenance,and Repair 0 0 0 1,000,203 1,000,203
Other Purposcs 0 0 0 1 ll,223 111,223
Total Restricted 0 0 4,867 4,033,684 6,088,898
Committed to:
Capital Projects 1,944,286 1,930,378 0 1,479,426 5,354,090
Police Department 0 0 0 5,957 5,957
Other Purposes 0 0 0 735,465 735,465
Purchases on Order:
Ciry Administration 0 0 0 0 619,971
Public Safety 0 0 0 0 26,067
Maintenance and Services 0 0 0 0 229,119
Other Purposes 0 0 0 0 7,085
Total Committed 1,944,286 1,930,378 0 2,220,848 6,977,754
Assigned to:
Capital Projects 0 0 0 1,244,030 1,244,030
Purchases on Order:
Ciry Administration 0 0 0 0 9,450
Public Safety 0 0 0 0 3,617
Maintenance and Services 0 0 0 0 3,435
Other Purposes 0 0 0 0 2,990
2023 Appropriations 0 0 0 0 365,335
Total Assio ed 0 0 0 1,244,030 1,628,857
Unassigned(Deficit) 0 0 0 (26,021) 14,280,051
Total Fund Balance $1,944,286 $1,930,378 $4,867 $7,544,974 $29,823,988
- 86 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Note 20- Significant Commitments
Encumbrances
Encumbrances are commitments related to unperformed contracts for goods or services. Encumbrance
accounting is utilized to the extent necessary to assure effective budgetary control and accountability and
to facilitate effective cash planning and control. At year end the amount of encumbrances expected to be
honored upon performance by the vendor in the next year were as follows:
General $1,106,775
Fire Department 32,210
General Municipal Improvement 5,173,527
Buildings and Improvements 217,559
Other Governmental Funds 239,753
Total $6,769,824
Contr�actual Coinmitments
At December 31, 2022, the City's significant contractual commitments consisted of the following:
Contract Amount Remaining
Project Amount Paid on Contract
Sanitary Sewer $6,077,529 $1,115,594 $4,961,935
Buildings and Improvements 1,108,871 958,141 150,730
Professional Services 516,904 471,987 44,917
ERP Implementation 510,369 23,472 486,897
Disposal Services 364,000 340,475 23,525
Roads 201,670 66,125 135,545
Stormwater ll6,013 90,527 25,486
Jail Services 28,000 24,407 3,593
Sidewalks 24,650 12,325 12,325
Land Improvements 16,355 1,835 14,520
Traffic Signals 13,670 0 13,670
Totals $8,978,031 $3,104,888 $5,873,143
The amounts remaining on these contracts were encumbered at year end. The amounts of $57,469,
$1,870,422, and $304,710 in accounts, contracts, and retainage payable, respectively, for governmental
activities have been capitalized.
Note 21 -Insurance Purchasing Pool
The Ohio Association of Public Treasurers has created a group insurance pool for purpose of creating a
group rating plan for workers' compensation. The governing body is comprised of the members who
have been appointed by the respective governing body of each member.
The intent of the pool is to achieve a reduced rate for the City and the other group members. The injury
claim history of all participating members is used to calculate a common rate for the group. An annual
fee is paid to Sedgwick Claims Management Service,Incorporated to administer the group and to manage
any injury claims. Premium savings created by the group are prorated to each member entity annually
based on claims experience of each member as compared to the total claims experience of the group.
- 87 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Note 22 —Jointly Governed Organizations
Southwest Council of GoveNnments
The Southwest Council of Governments (the Council) helps foster cooperation between municipalities in
areas affecting health, safety, welfare, education, economic conditions and regional development. The
Board is comprised of one member from each of the twenty participating entities. The Board exercises
total control over the operation of the Council including budgeting, appropriating, contracting and
designating management. Budgets are adopted by the Board. Each City's degree of control is limited to
its representation on the Board. In 2022,the City contributed$22,500.
The Council has established two subsidiary organizations, the Southwest Emergency Response Team,
which provides hazardous material and technical rescue protections and assistance, and the Southwest
Enforcement Bureau, which provides extra assistance to cities in the form of a SWAT Team. The
Council's financial statements may be obtained by contacting Eric Dean, City of Strongsville, Southwest
Council of Governments, 16099 Foltz Parkway, Strongsville, Ohio 44149.
Northeast Ohio Public Energy Council
The City is a member of the Northeast Ohio Public Energy Council (NOPEC). NOPEC is a regional
council of governments formed under Chapter 167 of the Ohio Revised Code. NOPEC was formed to
serve as a vehicle for communities wishing to proceed jointly with an aggregation program for the
purchase of electricity. NOPEC is currently comprised of approximately 230 communities who have
been authorized by ballot to purchase electricity on behalf of their citizens. The intent of NOPEC is to
provide electricity at the lowest possible rates while at the same time insuring stability in prices by
entering into long-term contracts with suppliers to provide electricity to the citizens of its member
communities.
NOPEC is governed by a General Assembly made up of one representative from each member
community. The representatives from each county then elect one person to serve on the eight-member
NOPEC Board of Directors. In 2022, the City made no contributions. The Board oversees and manages
the operation of the aggregation program. The degree of control exercised by any participating
government is limited to its representation in the General Assembly and on the Board. Financial
information can be obtained by contacting Ronald McVoy, the Board Chairman, at 31360 Solon Road,
Suite 33, Solon, Ohio,44139 or at the website www.nopec.org.
Cuyahoga Valley Council of Governments
The City participates in the Cuyahoga Valley Council of Governments (the Council). The Council was
formed to share jail and community services, foster municipal service, and coordinate action among its
members in matters relating to public safety dispatch operations. The Council may also, at its discretion,
promote cooperative agreements and contracts among its members or other governmental agencies and
private persons, corporations, or agencies. The Council is controlled by an executive Board which is
composed of a President, Vice President, Secretary and Fiscal Officer, who serves as Treasurer. The
elected officers shall seroe for a period of two years. Each member's control over the operation of the
Council is limited to its representation on the Board. In 2022, the City made no contributions. Complete
financial statements can be obtained from the Cuyahoga Valley Council of Governments, Cuyahoga
County, Ohio.
- 88 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Chagrin Valley Dispatch Council
The City is a member of the Chagrin Valley Dispatch Council (CVDC). The CVDC was formed by the
Council to foster cooperation through the sharing of operations of a central dispatch center for safety
forces of the participating entities. The CVDC is comprised of 33 member agencies. The CVDC also
provides information technology services to those who decide to participate, which consists of seven
communities.
The CVDC is provided with legislate oversight from the Mayors and City Managers of the various
communities. The Administrative Board consists of the chiefs of police and fire of each member
municipality. The Administrative Board oversees and manages the operation of the program. The degree
of control exercised by a participating government is limited to its representation on the Administrative
Board. The City made contributions to the CVDC (excluding initial equipment purchases) in the amount
of$448,871 during 2022, and also contributed $288,000 for information technology services during the
year. Financial information can be obtained by contacting Vic Nogalo, Finance Director, 88 Center Road,
Suite B 100, Bedford, Ohio 44146.
Regional Income Tax Agency
The Regional Income Tax Agency (RITA) is a regional council of governments formed to establish a
central collection facility for the purpose of administering the income tax laws of the members and for the
purpose of collection income taxes on behalf of each member. RITA currently has approximately 374
members in the council of governments. Each member has one representative to the council of
governments and is entitled to one vote on items under consideration. RITA is administered by a nine-
member board of trustees elected by the members of the council of governments. The board exercises
total control over RITA's operation including budgeting, appropriating, contracting and designating
management. Each participant's degree of control is limited to its representation on the council. For
2022, these costs are not yet available; however, they are not expected to be significantly different from
2021. For 2021, the City paid RITA $233,300 for income tax collection services.
Note 23 —Related Organization
The Brecksville Community Improvement Corparation (CIC) was formed to promote and assist in
economic development within the City. City Council created the CIC during 2014 and appointed the
initial CIC Board members. The CIC does not represent a potential financial benefit for or burden on the
City. In 2018, the City and CIC entered into a development agreement with DiGeronimo Development
LLC for the development of the former Veterans Administration(VA)property. The City also transferred
said property to the CIC during the year. In 2019, the CIC approved and remitted a payment of$750,000
to the City of Brecksville. The City recorded this receipt into the general fund.
During 2020, the CIC acquired adjacent properties, transferred them to the City, which then was
transferred back to the CIC. A portion of the former VA property and adjacent properties was transferred
from the CIC to final owners for economic development. Also, the CIC approved and remitted a payment
of$1,175,000 to the City. The City recorded this receipt into the general fund.
During 2021, the CIC transferred a portion of the former VA property and adjacent properties to the final
owners for economic development.
During 2022, the CIC approved and remitted a payment of$2,896,568 to the City. The City recorded this
receipt into the general fund. As of December 31, 2022, the CIC only holds one parcel of the former VA
property for resale.
- 89 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Note 24—Donor Restricted Endowments
The City's private purpose trust fund includes donor restricted endowments. Endowments, in the amount
of$3,000, represent the principal portion. The amount of interest on donor restricted investments that is
available for expenditures by the City is $338 and is included as held in trust for cemetery. State law
permits the City to appropriate, for purposes consistent with the endowment's intent, net appreciation,
realized and unrealized, unless the endowment terms specify otherwise. The endowments indicate that
the interest should be used for the decoration of specifically named graves.
Note 25—Accountability
The general municipal improvement capital projects fund had a deficit balance of $87,848 as of
December 31, 2022. This deficit resulted from the issuance of short-term general obligation notes, which
are used to finance the projects until bonds are issued. Once the notes are retired or bonds are issued, the
deficit will be eliminated. The special assessments bond retirement fund had a deficit balance of$26,021
as of December 31, 2022. This deficit resulted from a short-term interfund loan from the general fund
needed for debt service payments until the receipt of special assessments. The general fund provides
transfers to cover deficit balances; however, this is done when cash is needed rather than when accruals
occur.
Note 26—COVID-19
The United States and the State of Ohio declared a state of emergency in March of 2020 due to the
COVID-19 pandemic. Ohio's state of emergency ended in June of 2021 while the national state of
emergency ended in April of 2023.
During 2022,the City received COVID-19 funding. The City will continue to spend available COVID-19
funding consistent with the applicable program guidelines. The City has applied for and been awarded
$1,430,723 of funding from the Coronavirus Local Fiscal Recovery Fund. The City received$712,517 in
2021 and$718,206 in 2022.
In January of 2022 the U.S. Department of the Treasury (Treasury) adopted the final rule implementing
the Coronavirus Local Fiscal Recovery Fund established under the American Rescue Plan Act. The
provisions in this final rule are effective as of April 1, 2022.
The funding can be used to replace lost public sector revenue, support the COVID-19 public health and
economic response, provide premium pay for eligible workers performing essential work, and invest in
water, sewer, and broadband infrastructure.
In April of 2022, City Council passed a Resolution number 5278 to utilize the funds for the replacement
of lost revenue. Under this option,which is newly offered in the final rule, the Treasury presumes that up
to $10 million in revenue has been lost due to the public health emergency and recipients are permitted to
use that amount (not to exceed the award amount) to fund "government services." Government services
generally include any service traditionally provided by a government, including construction of roads,
provision of public safety, and general government administration. City Council further approved the
expenditure of funds as government services to be applied towards salaries,wages, and related benefits of
the City's Police Department and all funding has been exhausted by December 31, 2022.
- 90 -
City of Brecksville, Ohio
Notes to the Basic Financial Statements
For the Year Ended December 31, 2022
Note 27— Subsequent Events
On January 3, 2023, the City passed Ordinance 5579 authorizing the Mayor to enter into a collective
bargaining agreement with the Ohio Patrolmen's Benevolent Association representing the Brecksville
police department patrolmen for the period beginning January 1, 2023 and ending December 21, 2025.
On April 4, 2023, the City passed Ordinance number 5604 providing for the issuance and sale of not to
exceed $3,600,000 of notes, in anticipation of the issuance of bonds, for the purpose of paying, in
anticipation of the levy and collection of special assessments, the property owners' portion and the City
portion of the costs of constructing an 8' sanitary sewer and 6' sanitary sewer laterals, together with all
necessary appurtenances to extend sanitary sewer along Chippewa Road from Riverview Road to Wiese
Road and along Calvin Drive and extending to the termini point of Glen Valley Drive allowing for the
removal of the Glen Valley Pump Station. The City will close this note issue on June 21, 2023, with a
maturity date of June 20,2024 with an interest rate of 4.5 percent per annum.
- 91 -
(This Page Intentionally Left Blank)
- 92 -
Required Supplementary Information
- 93 -
City of Brecksville,Ohio
Reguired Supplementary Information
Schedule of the City's Proportionate Share of the Net Pension Liability
Ohio Public Employees Retirement System-Traditional Plan
Last Nine Years(1)*
2022 2021 2020
Ciry's Proportion of the Net Pension Liability 0.04781200% 0.04596800% 0.04681500'%
Ciry's Proportionate Share of the Net Pension Liability $4,159,836 $6,806,859 $9,253,302
Ciry's Covered Payroll $6,938,843 $6,474,371 $6,528,964
City's Proportionate Share of the Net
Pension Liability as a Percentage of its Covered Payroll 59.95% 105.14% 141.73%
Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 92.62% 86.88% 82.17%
(1)Although this schedule is intended to show information for ten years,information prior to 2014 is not available.An additional
column will be added each year.
*Amounts presented for each year were determincd as of the City's measurement date,which is the prior year end.
See accompanying notes to the required supplementary information.
- 94 -
2019 2018 2017 2016 2015 2014
0.04989200% 0.05081400% 0.05082200'% 0.05089900% 0.05221000% 0.05221000'%
$13,664,410 $7,971,731 $11,540,812 $8,816,348 $6,297,110 $6,154,879
$6,738,857 $6,715,146 $6,569,792 $6,334,843 $6,400,950 $6,342,796
202.77% 118.71% 175.66'%a 139.17% 9838% 97.04%
74.70% 84.66% 77.25°/a 81.08% 86.45% 8636'%
- 95 -
City of Brecksville,Ohio
Reguired Supplementary Information
Schedule of the City's Proportionate Share of the Net Pension Asset
Ohio Public Employees Retirement System-Corr�bined Plan
Last Five Years(1)*
2022 2021 2020
Ciry's Proportion of the Net Pension Asset OA2516400% 0.02713500% 0.03244700'%
City's Proportionate Share of the Net Pension Asset $99,147 $78,330 $67,660
City'sCoveredPayroll $114,721 $119,586 $141,943
City's Proportionate Share of the Net
Pension Asset as a Percentage of its Covered Payroll 86.42% 65.50% 47.67%
Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 169.88% 157.67% 145.28%
(1)Although this schedule is intended to show information for ten years,information prior to 2018 is not available.An additional
column will be added each year.
*Amounts presented for each year were determined as of the City's measurement date,which is the prior year end.
See accompanying notes to the required supplementary information.
- 96 -
2019 2018
0.03353000% OA2909100%
$37,494 $39,602
$143,407 $119,146
2615% 33.24%
126.64% 137.28%
- 97 -
City of Brecksville,Ohio
Reguired Supplementarylnformation
Schedule of the Caty's Proportionate Share of the Net OPEB Asset/Liability
Ohio Public Employees Retirement System-Traditional Plan
Last Six Years(1)*
2022 2021 2020
City's Proportion of the Net OPEB Asset/Liability 0.04616100% 0.04450100% 0.04558800'%
City's Proportionate Share of the Net OPEB Asset $1,445,833 $792,820 $0
City's Proportionate Share of the Net OPEB Liability $0 $0 $6,296,886
City's Covered Payroll $7,198,314 $6,730,182 $6,822,382
City's Proportionate Share of the Net
OPEB Liability(Asset)as a Percentage ofits Covered Payroll -20.09% -11.78% 9230%
Plan Fiduciary Net Position as a Percentage of the
Total OPEB Liability 128.23% 115.57`% 47.80%
(1)Although this schedule is intended to show information for ten years,information prior to 2017 is not available.An additional
column will be added each year.
*Amounts presented for each year were determined as of the City's measurement date,which is the prior year end.
See accompanying notes to the required supplementary information.
- 9g -
2019 2018 2017
0.04856300% 0.04966000% 0.04896000%
$0 $0 $0
$6,331,468 $5,392,710 $4,945,126
$7,043,939 $7,034,267 $6,765,817
89.89% 76.66% 73.09°/a
4633% 54.14% 54.04°/a
- 99 -
City of Brecksville,Ohio
Reguired Supplementary Information
Schedule of the City's Proportionate Share of the Net Pension Liability
Ohio Police and Fire Pension Fund
Last Nine Years(1)*
2022 2021 2020
City's Proportion of the Net Pension Liability 0.15722790% 0.16189770% 0.16711770'%
City's Proportionate Share of the Net Pension Liability $9,822,691 $11,036,710 $11,257,941
Ciry's Covered Payroll $4,123,657 $4,063,213 $4,076,638
City's Proportionate Share of the Net
Pension Liabiliry as a Percentage of its Covered Payroll 238.20% 271.63% 276.16%
Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 75.03% 70.65% 69.89%
(1)Although this schedule is intended to show information for ten years,information prior to 2014 is not available.An additional
column will be added each year.
*Amounts presentcd for each year were determincd as of the City's measurement date,which is the prior year end.
See accompanying notes to the required supplementary information.
- 1�0 -
2019 2018 2017 2016 2015 2014
0.17013500% 0.16985800% 0.16204100'% 0.16208000% 0.16886840% 0.16886840'%
$13,887,511 $10,424,952 $10,263,514 $10,426,720 $8,748,087 $8,224,421
$3,955,281 $3,815,346 $3,583,217 $3,494,644 $3,429,025 $3,374,994
351.11% 273.24% 286.43°/a 29836% 255.12% 243.69%
63.07% 70.91% 6836°/a 66.77% 71.71% 73.00'%
— 1�1 —
City of Brecksville,Ohio
Required Supplementary Information
Schedule of�the City's Proportionate Share of the Net OPEB Liability
Ohio Police and Fire Pension Fund
Last Six Years(I)*
2022 2021 2020
City's Proportion of tbe Net OPEB Liability 0.15722790% 0.16189770% 016711770%
Ciry's Proportionate Share of the Net OPEB Liabiliry $1,723,354 $1,715,333 $1,650,743
City's Covered Payroll $4,123,657 $4,063,213 $4,076,638
Ciry's Proportionate Share of the Net
OPEB Liabiliry as a Percentage of its Covered Payroll 41.79% 42.22% 40.49%
Plan Fiduciary Net Position as a Percentage of the Total OPEB Liability 46.90% 45.40% 47.08°/o
(1)Although this schedule is intended to show information for ten years,information prior to 2017 is not available.An additional
column will be added each year.
*Amounts presented for each year were determined as of the City's measurement date,which is the prior year end.
See accompanying notes to the required supplementary information.
- 1�2 -
2019 2018 2017
0.17013500% 0.16985800% 0.16204100%
$1,549,340 $9,623,916 $7,691,722
$3,955,281 $3,815,346 $3,583,217
3917% 252.24% 214.66%
46.57% 14.13% 15.96%
- 103 -
City of Brecksville,Ohio
Reguired Supplementary Information
Schedule of the City'.s Contributions
Ohio Public Employees Retirement System
Last Ten Years
2022 2021 2020 2019
Net Pension Liability-Traditional Plan
Contractually Required Contribution $1,026,064 $971,438 $906,412 $914,055
Contributions in Relation to the
Contractually Required Contribution (1,026,064) (971,438) (906,412) (914,055)
Contribution Deficiency(Excess) $0 $0 $0 $0
City Covered Payroll $7,329,029 $6,938,843 $6,474,371 $6,528,964
Pension Contributions as a Percentage of Covered Payroll 14.00% 14.00% 14.00% 14.00%
Net Pension Liability-Combined Plan
Contractually Required Contribution $16,777 $16,061 $16,742 $19,872
Contributions in Relarion to the
Contractually Required Contribution (16,777) (16,061) (16,742) (19,872)
Contribution Deficiency(Excess) $0 $0 $0 $0
CityCoveredPayroll $119,836 $114,721 $119,586 $141,943
Pension Contributions as a Percentage of Covered Payroll 14.00% 14.00% 14.00% 14.00%
Net OPEB Liability(Asset)-OPEB Plan(2)
Contractually Required Contribution $5,812 $5,790 $5,449 $6,059
Contributions in Relation to the
Contractually Required Contribution (5,812) (5,790) (5,449) (6,059)
Contribution Deficiency(Excess) $0 $0 $0 $0
City Covered Payroll(1) $7,594,165 $7,198,314 $6,730,182 $6,822,382
OPEB Contributions as a Percentage of Covered Payroll 0.08% 0.08% 0.08% 0.09%
(1) The OPEB plan includes the members from the traditional plan, the combined plan and the member directed plan. The
member directed pension plan is a defined contribution pension plan;therefore,the pension side is not included above.
(2)Informarion prior to 2016 is not available.
See accompanying notes to the required supplementary information.
- 104 -
2018 2017 2016 2015 2014 2013
$943,440 $872,969 $788,375 $760,181 $768,114 $824,563
(943,440) (872,969) (788,375) (760,181) (768,114) (824,563)
$0 $0 $0 $0 $0 $0
$6,738,857 $6,715,146 $6,569,792 $6,334,843 $6,400,950 $6,342,796
14.00% 13.00% 12.00% 12.00% 12.00% 13.00%
$20,077 $15,489 $10,8]5 $10,591 $10,154 $10,492
(20,077) (15,489) (10,815) (10,591) (10,154) (10,492)
$0 $0 $0 $0 $0 $0
$143,407 $119,146 $90,125 $88,258 $84,617 $80,708
14.00% 13.00% 12.00% 12.00% 12.00% 13.00%
$6,467 $7,999 $4,236
�6,46�� ��,999� �4,2s6�
�o �o $o
$7,043,939 $7,034,267 $6,765,817
0.09% 0.11% 0.06%
- 105 -
City of Brecksville,Ohio
Required Supplementary Information
Schedule of the City's Contributions
Ohio Police and Fire Pension Fund
Last Ten Years
2022 2021 2020 2019
Net Pension Liability
Contractually Required Contriburion $886,569 $847,923 $838,708 $839,065
Contributions in Relation to the
Contractually Required Contribution (886,569) (847,923) (838,708) (839,065)
Contribution Deficiency(Excess) $0 $0 $0 $0
City Covered Payroll(1) $4,295,031 $4,123,657 $4,063,213 $4,076,638
Pension Contributions as a Percentage of Covered Payroll 20.64% 20.56% 20.64% 20.58%
Net OPEB Liability
Contractually Required Contribution $21,475 $20,619 $20,316 $20,383
Contriburions in Relation to the
Contractually Required Contribution (21,475) (20,619) (20,316) (20,383)
Contribution Deficiency(Excess) $0 $0 $0 $0
OPEB Contributions as a Percentage of Covered Payroll 0.50°/o 0.50% 0.50% 0.50%
Total Contributions as a Percentage of Covered Payroll 21.14% 21.06% 21.14% 21.08%
(1)The Ciry's covered payroll is the same for pension and OPEB.
See accompanying notes to the required supplementary information.
- 106 -
2018 2017 2016 2015 2014 2013
$813,771 $784,801 $736,956 $722,599 $706,703 $589,056
(813,771) (784,801) (736,956) (722,599) (706,703) (589,056)
$0 $0 $0 $0 $0 $0
$3,955,281 $3,815,346 $3,583,217 $3,494,644 $3,429,025 $3,374,994
20.57% 20.57% 20.57% 20.68% 20.61% 17.45%
$19,777 $19,077 $17,916 $17,473 $17,145 $122,062
��9,���� �19,0��� �»,916� �»,4�3� �1�,�4s� �lzz,odz�
�o $o $o $o $o $o
0.50% 0.50% 0.50% 0.50% 0.50% 3.62%
21.07% 21.07% 21.07% 21.18% 21.11% 21.07%
- 107 -
City of Brecksville, Ohio
Notes to the Required Supplementary Information
For the Year Ended December 31, 2022
Changes in Assumptions—OPERS Pension—Traditional Plan
Amounts reported beginning in 2022 incorporate changes in assumptions used by OPERS in calculating the
total pension liability in the latest actuarial valuation. These new assumptions compared with those used in
prior years are presented below:
2022 2019 2018 and 2017 2016 and prior
Wage Inflation 2.75 p ercent 3.25 p ercent 3.25 p ercent 3.75 p ercent
Future Salary Increases 2.75 to 10.75 percent 3.25 to 10.75 percent 3.25 to 10.75 percent 4.25 to 10.05 percent
including including including including
wage inflation wage inflation wage inflation wage inflation
COLA or Ad Hoc COLA:
Pre-January 7,2013 Retirees 3 p ercent,simp le 3 p ercent,simp le 3 p ercent,simp le 3 p ercent,simp le
Post-January 7,2013 Retirees see below see below see below see below
Investment Rate of Return 6.9 p ercent 7.2 p ercent 7.5 p ercent 8 p ercent
Actuarial Cost Method Individual Individual Individual Individual
Entry Age Entry Age Entry Age Entry Age
The assumptions related to COLA or Ad Hoc COLA for Post-January 7, 2013,Retirees are as follows:
COLA ar Ad Hoc COLA,Post-January 7,2013 Retirees:
2022 3.0 percent,simple through 2022
then 2.05 percent,simple
2021 0.5 percent,simple through 2021
then 215 percent,simple
2020 1.4percent,simple through 2020
then 215 percent,simple
2017 through 2019 3.0 percent,simple through 2018
then 215 percent,sirnple
2016 and prior 3.0 percent,simple through 2018
then 2.80percent,simple
5.50 to 5.00 percent
Amounts reported beginning in 2022 use pre-retirement mortality rates based on 130 percent of the Pub-2010
General Employee Mortality tables(males and females)for State and Local Government divisions and 170
percent of the Pub-2010 Safety Employee Mortality tables(males and females)for the Public Safety and Law
Enforcement divisions. Post-retirement mortality rates are based on 115 percent of the PubG-2010 Retiree
Mortality Tables(males and females)for all divisions.Post-retirement mortality rates for disabled retirees are
based on the PubNS-2010 Disabled Retiree Mortality Tables(males and females)for all divisions.For all the
previously described tables, the base year is 2010 and mortality rates for a particular calendar year are
determined by applying the MP-2020 mortality improvement scales(males and females)to all these tables.
- 108 -
City of Brecksville, Ohio
Notes to the Required Supplementary Information
For the Year Ended December 31, 2022
Amounts reported beginning in 2017 use pre-retirement mortality rates are based on the RP-2014 Employees
mortality table for males and females,adjusted far mortality improvement back to the observation period base
year of 2006. The base year for males and females was then established to be 2015 and 2010,respectively.
Post-retirement mortality rates are based on the RP-2014 Healthy Annuitant mortality table for males and
females,adjusted for mortality improvement back to the observation period base year of 2006.The base year
for males and females was then established to be 2015 and 2010,respectively.Post-retirement mortality rates
for disabled retirees are based on the RP-2014 Disabled mortality table for males and females, adjusted for
mortality improvement back to the observation period base year of 2006.The base year for males and females
was then established to be 2015 and 2010, respectively. Mortality rates for a particular calendar year are
determined by applying the MP-2015 mortality improvement scale to all of the above described tables.
Amounts reported for 2016 and prior use mortality rates based on the RP-2000 Mortality Table projected 20
years using Projection Scale AA.For males, 105 percent of the combined healthy male mortality rates were
used. For females, 100 percent of the combined healthy female mortality rates were used.The mortality rates
used in evaluating disability allowances were based on the RP-2000 mortality table with no projections. For
males 120 percent of the disabled female mortality rates were used set forward two years. For females, 100
percent of the disabled female mortality rates were used.
Changes in Assumptions—OPERS Pension— Combined Plan
2022 2019 2018
Wage Inflation 2.75 percent 3.25 percent 3.25 percent
Future Salary Increases 2.75 to 8.25 percent 3.25 to 8.25 percent 3.25 to 8.25 percent
including including including
wage inflation wage inflation wage inflation
COLA or Ad Hoc COLA:
Pre-January 7,2013 Retirees 3 percent, simple 3 percent, simple 3 percent, simple
Post-January 7, 2013 Retirees see below see below see below
Investment Rate of Return 6.9 percent 7.2 percent 7.5 percent
Actuarial Cost Method Individual Individual Individual
Entry Age Entry Age Entry Age
For 2022, 2021 and 2020, the Combined Plan had the same change in COLA or Ad Hoc COLA for Post-
January 2,2013, retirees as the Traditional Plan.
- 109 -
City of Brecksville, Ohio
Notes to the Required Supplementary Information
For the Year Ended December 31, 2022
Changes in Assumptions—OP&F Pension
Amounts reported beginning in 2018 incorporate changes in assumptions used by OP&F in calculating the
total pension liability in the latest actuarial valuation. These new assumptions compared with those used in
2017 and prior are presented below:
Beginning in 2018 2017 and Prior
Actuarial Cost Method Entry Age Normal Entry Age Normal
Investment Rate of Return 8.0 percent 8.25 percent
Projected Salary Increases 3.75 percentto ]0.5 percent 4.25 percentto 11 percent
Payroll Growth 3.25 percent per annum, Inflation rate of 3.25 percent plus
compounded annually,consisting of productivity increase rate of 0.5
Inflation rate of 2.75 percent plus percent
productivity increase rate of 0.5 percent
Cost of Living Adjustments 2.2 percent simple 3.00 percent simple;2.6 percent simple
far increases based on the lesser of the far increases based on the lesser of the
increase in CPI and 3 percent increase in CPI and 3 percent
For 2022,the OP&F Board adopted a change in the investment rate of return,changing it from 8 percent for
2018 through 2021 to 7.5 percent for 2022.
Amounts reported beginning in 2018 use valuation, mortality for non-disabled participants is based on the
RP-2014 Total Employee and Healthy Annuitant Mortality Tables rolled back to 2006,adjusted according to
the rates in the following table, and projected with the Buck/Conduent Modi�ed 2016 Improvement Scale.
Rates for surviving beneficiaries are adjusted by 120 percent.
Age Police Fire
67 or les s 77 % 68 %
68-77 105 87
78 and up 115 120
Amounts reported beginning in 2018 use valuation, mortality for disabled retirees is based on the RP-2014
Disabled Mortality Tables rolled back to 2006, adjusted according to the rates in the following table, and
projected with the Buck/Conduent Modified 2016 Improvement Scale.
Age Police Fire
59 or less 35 % 35 %
60-69 60 45
70-79 75 70
80 and up 100 90
Amounts reported for 2017 and prior use valuation, rates of death were based on the RP2000 Combined
Table,age-adjusted as follows.For active members,set back six years.For disability retirements,set forward
five years for police and three years for firefighters.For service retirements,set back zero years for police and
two years for firefighters.For beneficiaries,set back zero years.The rates are applied on a fully generational
basis, with a base year of 2009,using mortality improvement Scale AA.
- 110 -
City of Brecksville, Ohio
Notes to the Required Supplementary Information
For the Year Ended December 31, 2022
Changes in Assumptions-OPERS OPEB
Wage Inflation:
2022 2.75 percent
2021 and prior 3.25 percent
Projected Salary Increses (including wage inflation):
2022 2.75 to 10.75 percent
2021 and prior 3.25 to 10.75 percent
Investment Return Assumption:
Beginning in 2019 6.00 percent
2018 6.50 percent
Municipal Bond Rate:
2022 1.84 percent
2021 2.00 percent
2020 2.75 percent
2019 3.71 percent
2018 331 percent
Single Discount Rate:
2022 6.00 percent
2021 6.00 percent
2020 3.16 percent
2019 3.96 percent
2018 3.85 percent
Health Care Cost Trend Rate:
2022 5.5 percent,initial
3.5 percent,ultimate in 2034
2021 8.5 percent,initial
3.5 percent,ultimate in 2035
2020 10.5 percent,initial
3.5 percent,ultimate in 2030
2019 10.0 percent,initial
3.25 percent,ultimate in 2029
2018 7.5 percent,initial
3.25 percent,ultimate in 2028
Changes in Assumptions-OP&F OPEB
Blended Discount Rate:
2022 2.84 percent
2021 2.96 percent
2020 3.56 percent
2019 4.66 percent
2018 324 percent
For 2022,the OP&F Board adopted a change in the investment rate of return,changing it from 8 percent for
2018 through 2021 to 7.5 percent for 2022.
- 111 -
City of Brecksville, Ohio
Notes to the Required Supplementary Information
For the Year Ended December 31, 2022
Changes in Benefit Terms—OPERS OPEB
On January 15, 2020, the Board approved several changes to the health care plan offered to Medicare and
non-Medicare retirees in efforts to decrease costs and increase the solvency of the health care plan. These
changes are effective January 1, 2022, and include changes to base allowances and eligibility far Medicare
retirees, as well as replacing OPERS-sponsored medical plans for non-Medicare retirees with monthly
allowances, similar to the program for Medicare retirees. These changes are reflected in 2021.
Changes in Benefit Terms—OP&F OPEB
Far 2019, OP&F recognized a change in benefit terms. Under this new model, OP&F provides eligible
retirees with a fixed stipend earmarked to pay for health care and Medicare Part B reimbursements. This new
model replaced the self-insured health care plan used in prior years.
- 112 -
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Combining Statements - Nonmajor Governmental Funds
Nonmajor Special Revenue Funds
To account for and report the proceeds of specific revenue sources that are restricted or committed to
expenditure for specific purposes other than debt service or capital projects.
Motor Vehicle License Tax Fund This fund accounts for and reports the City's share of additional
motor vehicle registration fees. Expenditures are restricted by State law for the maintenance and
repair of streets and bridges within the City.
Street Repair and Maintenance Fund This fund accounts for and reports 92.5 percent of the State
gasoline tax and motor vehicle registration fees restricted for maintenance and repair of streets
within the City.
State Highway Fund This fund accounts for and reports 7.5 percent of the State gasoline tax and
motor vehicle registration fees restricted for maintenance and repair of State highways within the
City.
Co`rcmuniry Center Fund This fund accounts for and reports membership fees,program fees,and
general fund subsidies committed to the operations of the Community Center.
Iload Maintenance Fund This fund accounts for and reports revenues received from the 1 mill
Charter Levy. These monies are restricted for the maintenance, repair, reconstruction and
improvement of roads within the City.
Federal Equitable Sharing Fund This fund accounts and reports federal forfeiture monies
returned to the City restricted for certain law enforcement purposes.
Enforcement and Education Fund This fund accounts far and reports fines and grants restricted to
educating the public about the dangers of and enforcing the laws against operating a motor vehicle
while under the influence of alcohol and to reinforce the "Say No to Drugs"message. This fund also
accounts for and reports contributions and donations and a portion of law enforcement forfeitures
committed for the DARE program.
Court Computerization Fund This fund accounts for and reports court fees and fines restricted for the
purchase and maintenance of computers for the Mayor's court.
Natureworks Grants Fund This fund accounts for and reports grant monies and investment earnings
and other interest restricted for the purpose of adding recreational facilities.
Recycling Demo Fund This fund accounts for and reports grant monies received from the Ohio
Department of Natural Resources plus City matching funds. Expenditures are restricted by the rules set
by the Ohio Department of Natural Resources Litter Prevention and Recycling Grant agreement.
Tree Planting Fund This fund accounts for and reports monies collected,which are restricted to the
planting of trees within the City's right-of-way.
Law Enforcement Fund This fund accounts for and reports restricted monies received from the sale
or disposition of seized contraband.
(continued)
- 114 -
Combining Statements-Nonmajor Governmental Funds(continued)
Nonmajor Special Revenue Funds(continued)
Law Enforcement Mandatory Drug Fund This fund accounts for and reports monies received from
drug fines and forfeited bonds restricted far drug investigations.
Police Pension Pund This fund accounts for and reports amounts paid for police department
employees,which are restricted to the State administered disability and pension fund.
Peace Officer Training Fu�d This fund accounts for and reports the collection and disbursement of
certain grant funds received from the State of Ohio restricted to certain law enforcement trainings.
Local Fiscal Recovery Fund This fund accounts for and reports the Local Fiscal Recovery funds
received through the American Rescue Plan Act of 2021 and expenses restricted to respond to the
impact of the COVID-19 disease in accordance with said act.
OneOhio Opioid Settlement Fund This fund accounts for and reports the Opioid settlement
distributions received through the OneOhio funds of the National Opioid Settlement agreement and
expenses restricted to assist with abating the opioid epidemic.
Nonmajor Debt Service Funds
Debt service funds are used to account for and report financial resources that are restricted, committed or
assigned to expenditure for principal and interest.
Special Assessment Bond Retirement Fund This fund is used to account for and report the
collection of special assessments levied against benefited properties restricted for the payment of
special assessment related costs.
Debt Urban Redevelopment Tax Increinent Equivalents Fund This fund is used to account for
and report the collection of payments in lieu of taxes levied against what is known as the Valor
Acres development restricted for the payment of tax increment financing revenue bond related
costs. The fund did not have any budgetary activity in 2022; therefore, budgetary information is
not provided.
Nonmajor Capital Projects Funds
Capital projects funds are used to account and report financial resources that are restricted, committed or
assigned to expenditure for capital outlays including the acquisition or construction of major capital
facilities and other capital assets, other than those financed by proprietary funds or for assets that will be
held in trust.
Issue II Fund This fund accounts for and reports grant monies received from the Ohio Public
Works Commission plus City matching funds. Expenditures are restricted to specific projects
within the City.
Recreation Expansion Fund This fund accounts for and reports 25 percent of building permit
revenues assigned for the purchase of equipment and for capital improvements for recreation.
(continued)
- 115 -
Combining Statements-Nonmajor Governmental Funds(continued)
Nonmajor Capital Projects Funds (continued)
Public Utility Improvement Fund This fund accounts for and reports sanitary sewer tap-in-fees
and fees for converting from septic tank to sanitary sewer assigned to costs to repair,construct,and
reline any public utility line within the Ciry.This fund also accounts for and reports a portion of water
connection fees committed to pay down long-term obligations.
Fire Ambulance Capital Fund This fund accounts for and reports portions of charges for services
for ambulance operations provided by the fire department. Expenditures from this fund are
committed to the acquisition of fire department equipment.
Police Station Building Fund This fund accounts for and reports monies assigned for the
financing, construction, and related costs of improvements to the police station building.
Recreation Facilities Expansion Fund This fund accounts for and reports income tax and other
monies determined as necessary assigned to purpose of acquiring, constructing, or improving
recreation facilities and any other appurtenances thereto.
- 116 -
City of Brecksville,Ohio
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2022
Nonmajor Nonmajor Nonmajor Total
Special Debt Capital Nonmajor
Revenue Service Projects Governmental
Funds Funds Funds Funds
Assets
Equity in Pooled Cash and Cash Equivalents $2,841,291 $13,979 $2,819,747 $5,675,017
Cash and Cash Equivalents:
In Segregated Accounts 2,000 0 0 2,000
With Escrow Agent 0 1,695,002 0 1,695,002
With Fiscal Agent 0 0 498,523 498,523
Accrued Interest Receivable 1,259 109 1,192 2,560
Materials and Supplies Inventory 69,655 0 0 69,655
Accounts Receivable 5 0 32,000 32,005
Intergovernmental Receivable 579,498 0 101,026 680,524
Property Taxes Receivable 916,886 0 0 916,886
Special Assessment Receivable 0 673,528 0 673,528
Prepaid Items 2,778 0 0 2,778
Restricted Assets:
Equity in Pooled Cash and Cash Equivalents 2,346 0 0 2,346
Total Assets $4,4]5,718 $2,382,618 $3,452,488 $10,250,824
Liabitities
Accounts Payable $35,774 $0 $11,017 $46,791
Contracts Payable 53,796 0 80,751 134,547
Retainage Payable 0 0 304,710 304,710
Accrued Wages 49,731 0 0 49,731
Interfund Payable 0 40,000 0 40,000
Intergovernmental Payable 9,028 0 0 9,028
Deposits Held Payable from Restricted Assets 2,346 0 0 2,346
TotalLiabilities 150,675 40,000 396,478 587,153
Deferred Inflows of Resources
Property Taxes 885,719 0 0 885,719
Unavailable Revenue 460,493 673,528 98,957 1,232,978
TotalDeferredlnflowsofResources 1,346,212 673,528 98,957 2,118,697
Fund Balances
Nonspendable 72,433 0 0 72,433
Restricted 2,104,976 1,695,1ll 233,597 4,033,684
Committed 741,422 0 1,479,426 2,220,848
Assigned 0 0 1,244,030 1,244,030
Unassigned(Deficit) 0 (26,021) 0 (26,021)
Total Fund Balances 2,918,831 1,669,090 2,957,053 7,544,974
Total Liabilities,Deferred Inflows of
Resources, and Fund Balances $4,415,718 $2,382,618 $3,452,488 $10,250,824
- 117 -
City of Brecksville,Ohio
Combining Statement of Revenues,Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended December 31,2022
Nonmajor Nonmajor Nonmajor Total
Special Debt Capital Nonmajor
Revenue Service Projects Governmental
Funds Funds Funds Funds
Revenues
Property Taxes $895,691 $0 $0 $895,691
Charges for Services 1,234,966 0 382,224 1,617,190
Licenses and Permits 41,936 0 132,390 174,326
Fines,Forfeitures,and Settlements 8,035 0 0 8,035
Intergovernmental 2,535,018 0 29,637 2,564,655
Special Assessments 0 231,251 0 231,251
Investment Earnings and Other Interest (52,820) 15,368 (55,122) (92,574)
Contriburions and Donations 20,555 0 20,000 40,555
Rentals 59,181 0 0 59,181
Miscellaneous 9,122 0 0 9,122
Total Revenues 4,751,684 246,619 509,129 5,507,432
Expenditures
Current:
General Government:
Legislative and Execurive 0 9,951 0 9,951
Judicial System 5,133 0 0 5,133
Public Safety:
Police 1,611,458 0 0 1,611,458
Street Construcrion,Maintenance,and Repair 1,856,361 0 0 1,856,361
Housing and Community Development 27,913 0 0 27,913
Basic Urility Services 5,766 0 0 5,766
Recreational Activities 2,476,026 0 0 2,476,026
CapitalOutlay 0 0 2,020,437 2,020,437
Debt Service:
Principal Retirement 0 260,000 31,155 291,155
Interest 0 312,747 0 312,747
Total Expenditures 5,982,657 582,698 2,051,592 8,616,947
ExcessofRevenuesUnderExpenditures (1,230,973) (336,079) (1,542,463) (3,109,515)
Other Financing Sources(Uses)
Sale of Capital Assets 1,227 0 800 2,027
Tax Increment Financing Revenue Bonds Issued 0 1,970,811 0 1,970,811
Transfers In 1,170,000 0 331,157 1,501,157
Transfers Out 0 0 (713,797) (713,797)
TotalOtherFinancingSources(Uses) 1,171,227 1,970,8ll (381,840) 2,760,198
Net Change in Fund Balances (59,746) 1,634,732 (1,924,303) (349,317)
Fund Balances Beginning of Year 2,978,577 34,358 4,881,356 7,894,291
Fund Balances End of Year $2,918,831 $1,669,090 $2,957,053 $7,544,974
- 11g -
City of Brecksville,Ohio
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31,2022
Motor Street
Vehicle Repair and State Community Road
License Tax Maintenance Highway Center Maintenance
Assets
Equiry in Pooled Cash and Cash Equivalents $98,178 $552,344 $248,312 $832,072 $315,927
Cash and Cash Equivalents:
In Segregated Accounts 0 0 0 2,000 0
Accrued Interest Receivable 54 303 136 421 173
Materials and Supplies Inventory 0 69,655 0 0 0
Accounts Receivable 0 0 0 5 0
Intergovernmental Receivable 18,414 399,695 32,407 73,500 42,678
Property Taxes Receivable 0 0 0 0 705,303
Prepaid Items 0 0 0 2,778 0
Restricted Assets:
Equiry in Pooled Cash and Cash Equivalents 0 0 0 2,346 0
TotalAssets $ll6,646 $1,021,997 $280,855 $913,122 $1,064,081
Liabilities
Accounts Payable $0 $0 $0 $35,774 $0
Contracts Payable 0 0 49,296 4,500 0
Accrued Wages 0 0 0 49,731 0
Intergovernmental Payable 0 0 0 9,028 0
Deposits Held Payable from Restricted Assets 0 0 0 2,346 0
Total Liabilities 0 0 49,296 101,379 0
Deferred inflows of Resources
Property Taxes 0 0 0 0 681,322
Unavailable Revenue 12,276 266,463 21,605 73,500 66,659
Total Deferred Inflows of Resources 12,276 266,463 21,605 73,500 747,981
Fund Balances
Nonspendable 0 69,655 0 2,778 0
Restricted 104,370 685,879 209,954 0 316,100
Committed 0 0 0 735,465 0
Total Fund Balances 104,370 755,534 209,954 738,243 316,100
Total Liabilities,Deferred Inflows of
Resources,andFundBalances $116,646 $1,021,997 $280,855 $913,122 $1,064,081
(continued)
- 119 -
City of Brecksville,Ohio
Combining Balance Sheet
Nonmajor Special Revenue Funds(continued)
December 31,2022
Federal
Equitable Enforcement Court Natureworks Recycling
Sharing and Education Computerization Grants Demo
Assets
Equiry in Pooled Cash and Cash Equivalents $18,311 $30,327 $146,779 $950 $5,979
Cash and Cash Equivalents:
In Segregated Accounts 0 0 0 0 0
Accrued Interest Receivable 10 16 81 0 3
Materials and Supplies Inventory 0 0 0 0 0
Accounts Receivable 0 0 0 0 0
Intergovernmental Receivable 0 0 0 0 0
Property Taxes Receivable 0 0 0 0 0
Prepaid Items 0 0 0 0 0
Restricted Assets:
Equity in Pooled Cash and Cash Equivalents 0 0 0 0 0
TotalAssets $18,321 $30,343 $146,860 $950 $5,982
Liabilities
Accounts Payable $0 $0 $0 $0 $0
Contracts Payable 0 0 0 0 0
Accrued Wages 0 0 0 0 0
Intergovernmental Payable 0 0 0 0 0
Deposits Held Payable from Restricted Assets 0 0 0 0 0
Total Liabilities 0 0 0 0 0
Deferred inflows of Resources
Property Taxes 0 0 0 0 0
Unavailable Revenue 0 0 0 0 0
Total Deferred Inflows of Resources 0 0 0 0 0
Fund Balances
Nonspendable 0 0 0 0 0
Restricted 18,321 24,386 146,860 950 5,982
Committed 0 5,957 0 0 0
Total Fund Balances 18,321 30,343 146,860 950 5,982
Total Liabilities,Deferred Inflows of
Resources,andFundBalances $18,321 $30,343 $146,860 $950 $5,982
- 120 -
Law Total
Enforcement Peace OneOhio Nonmajor
Law Mandatory Police Officer Opioid Special Revenue
Tree Planting Enforcement Drug Pension Training Settlement Funds
$104,291 $71,725 $41,898 $364,792 $7,323 $2,083 $2,841,291
0 0 0 0 0 0 2,000
0 39 23 0 0 0 1,259
0 0 0 0 0 0 69,655
0 0 0 0 0 0 5
0 0 0 12,804 0 0 579,498
0 0 0 211,583 0 0 916,886
0 0 0 0 0 0 2,778
0 0 0 0 0 0 2,346
$104,291 $71,764 $41,921 $589,179 $7,323 $2,083 $4,415,718
$0 $0 $0 $0 $0 $0 $35,774
0 0 0 0 0 0 53,796
0 0 0 0 0 0 49,731
0 0 0 0 0 0 9,028
0 0 0 0 0 0 2,346
0 0 0 0 0 0 150,675
0 0 0 204,397 0 0 885,719
0 0 0 19,990 0 0 460,493
0 0 0 224,387 0 0 1,346,212
0 0 0 0 0 0 72,433
104,291 71,764 41,921 364,792 7,323 2,083 2,104,976
0 0 0 0 0 0 741,422
104,291 71,764 41,921 364,792 7,323 2,083 2,918,831
$104,291 $71,764 $41,921 $589,179 $7,323 $2,083 $4,415,718
- I21 -
City of Brecksville,Ohio
Combining Statement of Revenues,Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31,2022
Motor Street Federal
Vehicle Repair and State Community Road Equitable
License Tax Maintenance Highway Center Maintenance Sharing
Revenues
Property Taxes $0 $0 $0 $0 $688,992 $0
Charges for Services 0 0 0 1,234,966 0 0
Licenses and Permits 0 0 0 12,236 0 0
Fines,Forfeitures,and Settlements 0 0 0 0 0 0
Intergovernmental 38,499 869,137 67,888 12,000 85,383 0
Investment Earnings and Other Interest (2,396) (12,758) (6,ll2) (17,396) (6,727) (429)
Contributions and Donations 0 0 0 20,555 0 0
Rentals 0 0 0 59,181 0 0
Miscellaneous 0 583 0 8,539 0 0
TotalRevenues 36,103 856,962 61,776 1,330,081 767,648 (429)
E�enditures
Current:
General Government:
Judicial System 0 0 0 0 0 0
Public Safety:
Police 0 0 0 0 0 0
Street Construction,Maintenance,and Repair 11,450 1,029,680 49,296 0 765,935 0
Housing and Community Development 0 0 0 0 0 0
Basic Utility Services 0 0 0 0 0 0
Recreational Activities 0 0 0 2,476,026 0 0
Total�xpenditures 11,450 1,029,680 49,296 2,476,026 765,935 0
Excess ofRevenues Over(Under)Expenditures 24,653 (172,718) 12,480 (1,145,945) 1,713 (429)
Other Financing Sources
Sale of Capital Assets 0 0 0 1,227 0 0
Transfers In 0 0 0 1,170,000 0 0
Total Other Financing Sources 0 0 0 1,171,227 0 0
Net Change in Fund Balances 24,653 (172,718) 12,480 25,282 1,713 (429)
Fund Balances Beginning of Year 79,717 928,252 197,474 712,961 314,387 18,750
FundBalancesEndofYear $104,370 $755,534 $209,954 $738,243 $316,100 $18,321
- I22 -
Law
Enforcement
Enforcement Court Natureworks Recycling Law Mandatory Police
and Education Computerization Grants Demo Tree Planting Enforcement Drug Pension
$0 $0 $0 $0 $0 $0 $0 $206,699
0 0 0 0 0 0 0 0
0 0 0 0 29,700 0 0 0
200 5,640 0 0 0 112 0 0
0 0 0 5,773 0 0 0 25,615
(711) (3,463) 0 (175) 0 (1,671) (982) 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
(511) 2,177 0 5,598 29,700 (1,559) (982) 232,314
0 5,133 0 0 0 0 0 0
0 0 0 0 0 12,800 0 165,015
0 0 0 0 0 0 0 0
0 0 0 0 27,913 0 0 0
0 0 0 5,766 0 0 0 0
0 0 0 0 0 0 0 0
0 5,133 0 5,766 27,913 12,800 0 165,015
(511) (2,956) 0 (168) 1,787 (14,359) (982) 67,299
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
(511) (2,956) 0 (168) 1,787 (14,359) (982) 67,299
30,854 149,816 950 6,150 102,504 86,123 42,903 297,493
$30,343 $146,860 $950 $5,982 $104,291 $71,764 $41,921 $364,792
(continued)
- 123 -
City of Brecksville,Ohio
Combining Statement of Revenues,Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds(conrinued)
For the Year Ended December 31,2022
Total
Peace Local OneOhio Nonmajor
Officer Fiscal Opioid Special Revenue
Training Recovery Settlement Funds
Revenues
Property Taxes $0 $0 $0 $895,691
Charges for Services 0 0 0 1,234,966
Licenses and Permits 0 0 0 41,936
Fines,Forfeitures,and Settlements 0 0 2,083 8,035
Intergovernmental 0 1,430,723 0 2,535,018
Investment Earnings and Other Interest 0 0 0 (52,820)
Contributions and Donations 0 0 0 20,555
Rentals 0 0 0 59,181
Miscellaneous 0 0 0 9,122
Total Revenues 0 1,430,723 2,083 4,751,684
Expenditures
Current:
General Government:
Judicial System 0 0 0 5,133
Public Safety:
Police 2,920 1,430,723 0 1,611,458
Street Construction,Maintenance,and Repair 0 0 0 1,856,361
Housing and Community Development 0 0 0 27,913
Basic Utility Services 0 0 0 5,766
Recreational Activities 0 0 0 2,476,026
Total Expenditures 2,920 1,430,723 0 5,982,657
Excess of'Revenues Over(Under)ExpendiCures (2,920) 0 2,083 (1,230,973)
Other Financing Sources
Sale of Capital Assets 0 0 0 1,227
Transfers In 0 0 0 1,170,000
Total Other Financing Sources 0 0 0 1,171,227
Net Change in Fund Balances (2,920) 0 2,083 (59,746)
Fund Balances Beginning of Year 10,243 0 0 2,978,577
Fund Balances End of Year $7,323 $0 $2,083 $2,918,831
- 124 -
City of Brecksville, Ohio
Combining Balance Sheet
Nonmajor Debt Service Funds
December 31, 2022
Special Debt Urban Total
Assessment Redevelopment Nonmajor
Bond Tax Increment Debt Seroice
Retirement Equivalents Funds
Assets
Equity in Pooled Cash and Cash Equivalents $13,979 $0 $13,979
Cash and Cash Equivalents:
With Escrow Agent 0 1,695,002 1,695,002
Accrued Interest Receivable 0 109 109
Special Assessments Receivable 673,528 0 673,528
TotalAssets $687,507 $1,695,111 $2,382,618
Liabilities
Interfund Payable $40,000 $0 $40,000
Deferred Inflows of Resources
Unavailable Revenue 673,528 0 673,528
Fund Balances
Restricted 0 1,695,111 1,695,111
Unassigned(Deficit) (26,021) 0 (26,021)
Total Fund Balances (Deficit) (26,021) 1,695,111 1,669,090
Total Liabilities, Deferred Inflows of
Resources and Fund Balances $687,507 $1,695,111 $2,382,618
- 125 -
City of Brecksville, Ohio
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Debt Service Funds
For the Year Ended December 31, 2022
Special Debt Urban Total
Assessment Redevelopment Nonmajor
Bond Tax Increment Debt Seroice
Retirement Equivalents Funds
Revenues
Special Assessments $231,251 $0 $231,251
Investment Earnings and Other Interest 0 15,368 15,368
Total Revenues 231,251 15,368 246,619
Expenditures
General Government:
Legislative and Executive 2,451 7,500 9,951
Debt Service:
Principal Retirement 260,000 0 260,000
Interest 29,179 283,568 312,747
Total Expenditures 291,630 291,068 582,698
Excess of Revenues Under Expenditures (60,379) (275,700) (336,079)
Other Financing Sources
Tax Increment Financing Revenue Bonds Issued 0 1,970,811 1,970,811
Net Change in Fund Balances (60,379) 1,695,111 1,634,732
Fund Balances Beginning of Year 34,358 0 34,358
Fund Balances (Defzcit)End of Year ($26,021) $1,695,111 $1,669,090
- 126 -
City of Brecksville,Ohio
Combining Balance Sheet
Nonmajor Capital Projects Funds
December 31, 2022
Fire
Recreation Public Utility Ambulance
Issue II Expansion Improvement Capital
Assets
Equity in Pooled Cash and Cash Equivalents $233,469 $105,302 $940,032 $1,252,198
Cash and Cash Equivalents:
With Fiscal Agents 0 0 0 0
Accrued Interest Receivable 128 58 160 688
Accounts Receivable 0 0 0 32,000
Intergovernmental Receivable 0 0 0 101,026
TotalAssets $233,597 $105,360 $940,192 $1,385,912
Liabilities
Accounts Payable $0 $7,500 $0 $0
Contracts Payable 0 0 0 2,844
Retainage Payable 0 0 0 0
Total Liabilities 0 7,500 0 2,844
Deferred Inflows of Resources
Unavailable Revenue 0 0 0 98,957
Fund Balances
Restricted 233,597 0 0 0
Committed 0 0 195,315 1,284,1 ll
Assigned 0 97,860 744,877 0
TotalFundBalances 233,597 97,860 940,192 1,284,111
Total Liabilities, Deferred Inflows of
Resources, andFundBalances $233,597 $105,360 $940,192 $1,385,912
- 127 -
Total
Recreation Nonmajor
Police Station Facilities Capital Projects
Building Expansion Funds
$194 $288,552 $2,819,747
0 498,523 498,523
0 158 1,192
0 0 32,000
0 0 101,026
$194 $787,233 $3,452,488
$0 $3,517 $11,017
0 77,907 80,751
0 304,710 304,710
0 386,134 396,478
0 0 98,957
0 0 233,597
0 0 1,479,426
194 401,099 1,244,030
194 401,099 2,957,053
$194 $787,233 $3,452,488
- 128 -
City of Brecksville,Ohio
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2022
Fire
Recreation Public Utility Ambulance
Issue II Expansion Improvement Capital
Revenues
Charges for Services $0 $0 $0 $382,224
Licenses andPermits 0 70,174 62,216 0
Intergovernmental 0 0 0 0
Investment Earnings and Other Interest (5,350) (2,563) (7,020) (30,885)
Contributions and Donations 0 0 0 0
TotalRevenues (5,350) 67,611 55,196 351,339
Expenditures
CapitalOutlay 0 80,363 7,275 38,255
Debt Service:
Principal Retirement 31,155 0 0 0
TotalExpenditures 31,155 80,363 7,275 38,255
Excess ofRevenues Over(Under)Expenditures (36,505) (12,752) 47,921 313,084
Other Financing Sources(Uses)
Sale of Capital Assets 0 0 0 0
Transfers In 31,157 0 0 0
Transfers Out 0 0 0 0
Total Other Financing Sources(Uses) 31,157 0 0 0
Net Change in Fund Balances (5,348) (12,752) 47,921 313,084
Fund Balances Beginning of Year 238,945 110,612 892,271 971,027
Fund Balances End of Year $233,597 $97,860 $940,192 $1,284,111
(continued)
- 129 -
City of Brecksville,Ohio
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Capital Projects Funds (continued)
For the Year Ended December 31, 2022
Total
Recreation Nonmajor
Police Station Facilities Capital Projects
Building Expansion Funds
Revenues
Charges for Services $0 $0 $382,224
Licenses and Permits 0 0 132,390
Intergovernmental 0 29,637 29,637
Investment Earnings and Other Interest 114 (9,418) (55,122)
Contributions and Donations 0 20,000 20,000
Total Revenues 114 40,219 509,129
Expenditures
CapitalOutlay 0 1,894,544 2,020,437
Debt Service:
Principal Retirement 0 0 31,155
Total Expenditures 0 1,894,544 2,051,592
Excess ofRevenues Over(Under)Expenditures 114 (1,854,325) (1,542,463)
Other Financing Sources(Uses)
Sale of Capital Assets 0 800 800
Transfers In 0 300,000 331,157
Transfers Out (36,108) (677,689) (713,797)
Total Other Financing Sources(Uses) (36,108) (376,889) (381,840)
Net Change in Fund Balances (35,994) (2,231,214) (1,924,303)
Fund Balances Beginning of Year 36,188 2,632,313 4,881,356
Fund Balances End of Year $194 $401,099 $2,957,053
- 130 -
Individual Fund Schedules of Revenues, Expenditures/Expenses
and Changes in Fund Balance/Fund Equity- Budget (Non-GAAP Basis) and Actual
- 131 -
City of Brecksville,Ohio
Schedule of�Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
GeneralFund
For the Year Ended December 31,2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Property Taxes $2,387,046 $2,387,046 $2,418,360 $31,314
Municipal Income Taxes 15,964,996 15,964,996 17,858,464 1,893,468
Charges for Services 104,100 104,100 143,386 39,286
Licenses and Permits 1,147,500 1,150,768 1,032,765 (118,003)
Fines,Forfeitures,and Settlements 141,050 141,050 173,247 32,197
Intergovernmental 554,847 682,199 678,868 (3,331)
Investment Earnings and Other Interest 150,000 150,000 144,580 (5,420)
Contributions and Donations 28,100 2,924,668 2,936,612 11,944
Rentals 163,855 163,855 177,690 13,835
Miscellaneous 274,397 1,309,588 630,888 (678,700)
Total Revenues 20,915,891 24,978,270 26,194,860 1,216,590
Expenditures
Current:
General Government
Legislative and Executive:
Mayor:
Salaries and Wages 166,825 198,626 198,626 0
Fringe Benefits 68,573 75,435 70,189 5,246
Materials and Supplies 1,600 1,600 300 1,300
Purchased Services 1,300 1,300 724 576
Total Mayor 238,298 276,961 269,839 7,122
Finance Director:
Salaries and Wages 351,426 351,426 347,068 4,358
Fringe Benefits 143,273 143,273 132,252 11,021
Materials and Supplies 3,339 3,339 2,152 1,187
Purchased Services 5,100 5,100 3,436 1,664
Total Finance Director 503,138 503,138 484,908 18,230
Purchasing Department:
Salaries and Wages 171,136 171,136 156,163 14,973
Fringe Benefits 46,988 46,988 41,783 5,205
Materials and Supplies 3,649 3,649 1,880 1,769
Purchased Services 1,724 1,724 785 939
Total Purchasing Department 223,497 223,497 200,611 22,886
Legal Department:
Salaries and Wages 53,054 53,054 50,390 2,664
Fringe Benefits 22,371 8,351 7,785 566
Contractual Services 220,000 220,000 197,642 22,358
Total Legal Department $295,425 $281,405 $255,817 $25,588
(continued)
- 132 -
City of Brecksville,Ohio
Schedule of�Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
General Fund(continued)
For the Year Ended December 31,2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Legislarive:
Salaries and Wages $195,312 $195,312 $189,140 $6,172
Fringe Benefits 70,582 70,582 65,717 4,865
Contractual Seroices 8,400 10,400 7,915 2,485
Materials and Supplies 5,000 7,898 7,816 82
Purchased Services 2,000 2,000 265 1,735
CapitalOutlay 11,000 8,102 0 8,102
Total Legislative 292,294 294,294 270,853 23,441
Civil Service:
Salaries and Wages 3,000 3,000 0 3,000
Fringe Benefits 464 464 0 464
Contractual Services 5,000 5,000 900 4,100
Materials and Supplies 500 500 0 500
Total Civil Service 8,964 8,964 900 8,064
Information Technology:
Salaries and Wages 150,479 151,729 151,454 275
Fringe Benefits 43,933 44,703 41,441 3,262
Contractual Services 313,558 317,045 317,045 0
Materials and Supplies 83,727 80,240 74,514 5,726
Purchased Services 34,754 34,754 34,247 507
CapitalOutlay 146,584 146,584 84,917 61,667
Total Information Technology 773,035 775,055 703,618 71,437
County Fiscal Officer and Treasurer:
Contractual Services 100,000 ll6,527 114,382 2,145
Income Tax Administration:
Contractual Services 24,000 24,000 24,000 0
Materials and Supplies 1,000 1,000 0 1,000
Purchased Services 1,000 1,000 0 1,000
Other 690,618 818,618 744,996 73,622
Tota1 Income Tax Administration 716,618 844,618 768,996 75,622
Administrative Support:
Salaries and Wages 50,000 50,000 40,669 9,331
Fringe Benefits 389,545 389,545 346,355 43,190
Contractual Services 858,002 1,038,002 887,191 150,811
Materials and Supplies 624,502 624,502 521,680 102,822
Purchased Services 11,500 11,500 7,909 3,591
CapitalOutlay 229,985 917,426 917,425 1
Other 439,798 467,990 402,589 65,401
Total Administrative Support $2,603,332 $3,498,965 $3,123,818 $375,147
(continued)
- 133 -
City of Brecksville,Ohio
Schedule of�Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
General Fund(continued)
For the Year Ended December 31,2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Land and Building:
Salaries and Wages $1,291,048 $1,285,168 $1,215,555 $69,613
FringeBenefits 546,145 548,009 476,788 71,221
Contractual Seroices 104,100 104,100 53,744 50,356
Materials and Supplies 161,645 193,727 142,353 51,374
Purchased Services 841,299 864,244 686,985 177,259
CapitalOutlay 3,970 10,376 7,265 3,111
Other 2,000 2,000 0 2,000
Total Land and Building 2,950,207 3,007,624 2,582,690 424,934
Engineer:
Salaries and Wages 17,000 17,000 10,030 6,970
Fringe Benefits 2,627 2,627 1,548 1,079
Contractual Services 510,940 327,640 255,691 71,949
Other 510,000 4,110,000 3,146,167 963,833
Total Engineer 1,040,567 4,457,267 3,413,436 1,043,831
Total Legislative and Execurive 9,745,375 14,288,315 12,189,868 2,098,447
Judicial System:
Mayor's Court:
Salaries and Wages 133,121 113,121 98,212 14,909
Fringe Benefits 35,480 35,480 30,320 5,160
Contractual Services 1,000 1,000 0 1,000
Materials and Supplies 8,388 8,388 5,670 2,718
Purchased Services 1,500 1,500 900 600
Total Judicial System 179,489 159,489 135,102 24,387
Total General Government 9,924,864 14,447,804 12,324,970 2,122,834
Public Safety:
Police:
Law Enforcement:
Salaries and Wages 3,086,878 1,903,378 1,703,966 199,412
Fringe Benefits 1,110,115 865,738 719,918 145,820
Contractual Services 609,677 609,677 581,784 27,893
Materials and Supplies 132,296 132,295 117,659 14,636
Purchased Services 155,644 161,224 137,991 23,233
Capital Outlay 167,500 166,389 147,770 18,619
Total Law Enforcement 5,262,110 3,838,701 3,409,088 429,613
Prisoner Support:
Contractual Services 40,000 40,000 35,199 4,801
Materials and Supplies 1,500 1,500 280 1,220
Purchased Services 500 500 35 465
Total Prisoner Support $42,000 $42,000 $35,514 $6,486
(continued)
- 134 -
City of Brecksville,Ohio
Schedule of�Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
General Fund(conrinued)
For the Year Ended December 31,2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Traffic Control:
Materials and Supplies $20,617 $20,617 $9,714 $10,903
Purchased Services 56,350 56,350 23,678 32,672
Total Traffic Control 76,967 76,967 33,392 43,575
Street Lighting:
Purchased Services 110,000 110,000 100,388 9,612
Animal Control:
Salaries and Wages 60,031 60,031 60,030 1
Fringe Benefits 31,070 31,220 28,082 3,138
Contractual Services 4,500 4,500 1,835 2,665
Materials and Supplies 1,800 1,800 345 1,455
Purchased Services 6,250 6,250 87 6,163
Total Animal Control 103,651 103,801 90,379 13,422
Total Police 5,594,728 4,171,469 3,668,761 502,708
Fire:
Hydrants:
Salaries and Wages 16,000 41,568 26,709 14,859
Fringe Benefits 2,472 6,423 4,124 2,299
Contractual Services 1,000 1,000 199 801
Materials and Supplies 3,500 3,500 2,696 804
Purchased Services 500 500 0 500
Total Fire 23,472 52,991 33,728 19,263
Total Public Safety 5,618,200 4,224,460 3,702,489 521,971
Public Health and Social Services:
Board of Health:
Contractual Services 81,810 81,810 81,810 0
Cemetery:
Salaries and Wages 116,018 ll 8,218 108,497 9,721
Fringe Benefits 27,680 29,780 26,501 3,279
Contractual Services 2,500 2,500 0 2,500
Materials and Supplies 10,218 10,218 6,459 3,759
Other 2,000 2,000 0 2,000
TotalCemetery $158,416 $162,716 $141,457 $21,259
(continued)
- 135 -
City of Brecksville,Ohio
Schedule of�Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
General Fund(continued)
For the Year Ended December 31,2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Human Services Department:
Salaries and Wages $404,360 $404,360 $379,074 $25,286
Fringe Benefits 165,650 165,650 145,559 20,091
Contractual Seroices 28,246 28,246 19,228 9,018
Materials and Supplies 97,572 97,572 78,307 19,265
Purchased Services 253,229 261,629 231,638 29,991
Other 17,858 17,858 17,358 500
Total Human Services Department 966,915 975,315 871,164 104,151
Total Public Health and Social Services 1,207,141 1,219,841 1,094,431 125,410
Street Construction,Maintenance,and Repair:
Street Repairs and Maintenance:
Salaries and Wages 947,558 947,558 936,424 11,134
Fringe Benefits 519,992 519,992 477,588 42,404
Contractual Services 500 500 0 500
Materials and Supplies 30,000 30,000 23,697 6,303
Total Street Repairs and Maintenance 1,498,050 1,498,050 1,437,709 60,341
Vehicle Maintenance:
Salaries and Wages 444,504 444,504 421,058 23,446
Fringe Benefits 186,229 186,229 167,493 18,736
Materials and Supplies 48,000 42,495 41,525 970
Purchased Services 171,542 187,047 187,047 0
CapitalOutlay 25,000 20,261 20,261 0
Total Vehicle Maintenance 875,275 880,536 837,384 43,152
Snow and Ice Removal:
Salaries and Wages 147,500 147,500 127,158 20,342
Fringe Benefits 22,789 22,789 19,606 3,183
Contractual Services 60,000 60,000 30,000 30,000
Materials and Supplies 46,758 46,758 42,110 4,648
CapitalOutlay 0 10,000 9,979 21
Total Snow and Ice and Removal 277,047 287,047 228,853 58,194
Total Street Construction,Maintenance,and Repair 2,650,372 2,665,633 2,503,946 161,687
Housing and Community Development:
Housing and Building Inspection:
Salaries and Wages 444,725 465,158 432,358 32,800
Fringe Benefits 199,021 209,251 177,508 31,743
Contractual Services 17,500 47,300 27,580 19,720
Materials and Supplies 15,000 15,000 3,068 11,932
Purchased Services 11,776 11,776 3,008 8,768
Other 5,000 177,967 82,266 95,701
Total Housing and Building Inspection $693,022 $926,452 $725,788 $200,664
(continued)
- 136 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
General Fund(continued)
For the Year Ended December 31,2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Board of Zoning Appeals:
Contractual Seroices $5,000 $5,000 $2,537 $2,463
Planning Commission:
Salaries and Wages 2,500 2,500 2,332 168
Fringe Benefits 386 386 361 25
Contractual Services 7,038 7,038 502 6,536
Total Planning Commission 9,924 9,924 3,195 6,729
Urban Forestry:
Salaries and Wages 293,728 296,728 286,708 10,020
Fringe Benefits 135,338 136,538 118,874 17,664
Contractual Services 31,500 31,500 9,482 22,018
Materials and Supplies 21,500 21,500 12,662 8,838
Purchased Services 13,500 13,500 9,421 4,079
Total Urban Forestry 495,566 499,766 437,147 62,619
Total Housing and Community Development 1,203,512 1,441,142 1,168,667 272,475
Basic Utility Services:
Service Department:
Salaries and Wages 333,767 333,767 324,988 8,779
Fringe Benefits 149,337 149,337 134,532 14,805
Contractual Services 6,160 6,160 1,933 4,227
Materials and Supplies 26,079 26,079 18,492 7,587
Purchased Services 12,000 12,000 11,466 534
CapitalOutlay 216,273 215,716 215,716 0
Total Service Department 743,616 743,059 707,127 35,932
Solid Waste and Recycling:
Salaries and Wages 492,219 492,219 487,689 4,530
Fringe Benefits 183,811 183,811 144,718 39,093
Contractual Services 398,329 398,329 373,265 25,064
Materials and Supplies 5,896 5,831 5,220 611
Purchased Services 47,500 47,565 47,565 0
CapitalOutlay 0 77,772 77,772 0
Total Solid Waste and Recycling 1,127,755 1,205,527 1,136,229 69,298
Storm Sewers and Drains:
Salaries and Wages 91,000 86,768 40,644 46,124
Fringe Benefits 14,060 13,424 6,271 7,153
Materials and Supplies 10,000 10,000 1,778 8,222
Purchased Services 25,000 25,000 16,330 8,670
Total Storm Sewers and Drains $140,060 $135,192 $65,023 $70,169
(continued)
- 137 -
City of Brecksville,Ohio
Schedule of�Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
General Fund(continued)
For the Year Ended December 31,2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Leaf Program:
Salaries and Wages $60,914 $65,146 $65,146 $0
Fringe Benefits 9,411 10,047 10,047 0
Contractual Seroices 65,375 65,375 49,220 16,155
Purchased Services 18,000 18,000 10,110 7,890
Total Leaf Program 153,700 158,568 134,523 24,045
Total Basic Utility Services 2,165,131 2,242,346 2,042,902 199,444
Debt Service:
Principal Retirement 4,412 4,412 4,412 0
Interest 1,281 1,281 1,281 0
Total Debt Service 5,693 5,693 5,693 0
Total Expenditures 22,774,913 26,246,919 22,843,098 3,403,821
Excess of Revenues Over(Under)Expenditures (1,859,022) (1,268,649) 3,351,762 4,620,411
Other Financing Sources(Uses)
Sale of Capital Assets 5,000 5,000 3,311 (1,689)
Advances In 300,000 300,000 300,000 0
Advances Out (340,000) (2,579,898) (2,579,898) 0
Transfers Out (1,891,000) (7,468,291) (7,468,291) 0
Total Other Financing Sources(I1ses) (1,926,000) (9,743,189) (9,744,878) (1,689)
Net Change in Fund Balance (3,785,022) (11,011,838) (6,393,116) 4,618,722
Fund Balance Beginning of Year 17,866,076 17,866,076 17,866,076 0
Prior Year Encumbrances Appropriated 476,733 476,733 476,733 0
FundBalanceEndofYear $14,557,787 $7,330,971 $11,949,693 $4,618,722
- 138 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Fire Department Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Property Taxes $2,312,238 $2,312,238 $2,342,570 $30,332
Intergovernmental 277,469 277,469 291,502 14,033
Investment Earnings and Other Interest 15,000 15,000 22,864 7,864
Miscellaneous 1,302 1,302 1,845 543
Total Revenues 2,606,009 2,606,009 2,658,781 52,772
Expenditures
Current:
Public Safety:
Fire:
Salaries and Wages 1,952,660 1,952,660 1,896,587 56,073
Fringe Benefits 860,430 860,430 803,996 56,434
Contractual Services 20,540 20,540 18,593 1,947
Materials and Supplies 54,673 54,673 46,558 8,115
Purchased Services l 12,863 112,863 84,726 28,137
Total Expenditures 3,001,166 3,001,166 2,850,460 150,706
Excess ofRevenues Under Expenditures (395,157) (395,157) (191,679) 203,478
Other Financing Sources
Sale of CapitaL Assets 500 500 481 (19)
Transfers In 421,000 421,000 421,000 0
Total Other Financing Sources 421,500 421,500 421,481 (19)
Net Change in Fund Balance 26,343 26,343 229,802 203,459
Fund Balance Beginning of Year 1,320,993 1,320,993 1,320,993 0
Prior Year Encumbrances Appropriated 26,474 26,474 26,474 0
Pund Balance End of Year $1,373,810 $1,373,810 $1,577,269 $203,459
- 139 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
General Obligation Bond Retirement Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues $0 $0 $0 $0
Egpenditures
Debt Service:
Principal Retirement 1,688,056 14,130,000 14,130,000 0
Interest 784,105 1,032,627 1,032,625 2
Issuance Costs 260,000 475,453 263,778 211,675
Total Expenditures 2,732,161 15,638,080 15,426,403 211,677
ExcessofRevenuesUnderExpenditures (2,732,161) (15,638,080) (15,426,403) 211,677
Other Financing Sources
Premium on Bond Anticipation Notes Issued 0 44,454 44,454 0
General Obligation Bonds Issued 0 11,855,000 11,855,000 0
Premium on General Obligation Bonds Issued 260,000 1,299,553 1,084,006 (215,547)
Transfers In 2,472,160 2,327,466 2,327,466 0
Total Other Financing Sources 2,732,160 15,526,473 15,310,926 (215,547)
Net Change in Fund Balance (1) (1 l 1,607) (115,477) (3,870)
Fund Balance Beginning of Year 803,861 803,861 803,861 0
Fund Balance End of Year $803,860 $692,254 $688,384 ($3,870)
- 140 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
General Municipal Improvement Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Municipal Income Taxes $960,000 $960,000 $960,000 $0
Intergovernmental 15,271,096 6,494,764 662,242 (5,832,522)
Special Assessments 6,631 6,631 7,260 629
Investment Earnings and Other Interest 18,000 18,000 112,121 94,121
Contributions and Donations 0 0 10,943 10,943
Miscellaneous 1,000 1,000 487,389 486,389
Total Revenues 16,256,727 7,480,395 2,239,955 (5,240,440)
Expenditures
Capital Outlay:
Purchased Services 400 400 72 328
CapitalOutlay 23,428,512 19,423,543 14,811,856 4,611,687
Total Capital Outlay 23,428,912 19,423,943 14,811,928 4,612,015
Debt Service:
Principal Retirement 4,110,000 0 0 0
Interest 39,160 0 0 0
Total Debt Service 4,149,160 0 0 0
Total Expenditures 27,578,072 19,423,943 14,811,928 4,612,015
Excess ofRevenues Under Expenditures (11,321,345) (11,943,548) (12,571,973) (628,425)
Other Financing Sources(Uses)
Bonds Issued 4,1]0,000 0 0 0
Loans Issued 750,000 0 0 0
Bond Anticipation Notes Issued 10,800,000 10,500,000 9,750,000 (750,000)
Advances In 300,000 2,539,898 2,539,898 0
Advances Out (300,000) (300,000) (300,000) 0
Transfers In 0 4,146,568 4,146,568 0
Transfers Out (764,878) (700,989) (700,989) 0
Total Other Pinancing Sources(Uses) 14,895,122 16,185,477 15,435,477 (750,000)
Net Change in Fund Balance 3,573,777 4,241,929 2,863,504 (1,378,425)
Fund Balance Beginning of Year 443,051 443,051 443,OS l 0
Priar Year Encumbrances Appropriated 720,065 720,065 720,065 0
Fund Balance End of Year $4,736,893 $5,405,045 $4,026,620 ($1,378,425)
- 141 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Buildings and Improvements Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Municipal Income Taxes $1,700,004 $1,700,004 $1,700,004 $0
Intergovernmental 0 0 43,885 43,885
Investment Earnings and Other Interest 10,000 10,000 22,276 12,276
Miscellaneous 0 0 7,400 7,400
Total Revenues 1,710,004 1,710,004 1,773,565 63,561
Expenditures
Capital Outlay:
CapitalOutlay 1,207,249 1,207,249 621,823 585,426
Excess of Revenues Over Expenditures 502,755 502,755 1,151,742 648,987
Other Financing Uses
Transfers Out (943,837) (943,837) (943,837) 0
Net Change in Fund Balance (441,082) (441,082) 207,905 648,987
Fund Balance Beginning of Year 1,221,649 1,221,649 1,221,649 0
Prior Year Encumbrances Appropriated 275,049 275,049 275,049 0
Fund Balance End of Year $1,055,616 $1,055,616 $1,704,603 $648,987
- 142 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Road Improvements Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Municipal Income Taxes $360,000 $360,000 $360,000 $0
Intergovernmental 18,279 18,279 16,785 (1,494)
Investment Earnings and Other Interest 4,000 4,000 15,499 11,499
Total Revenues 382,279 382,279 392,284 10,005
Expenditures
Capital Outlay:
Purchased Services 382,000 468,000 217,877 250,123
Excess ofRevenues Over(Under)Expenditures 279 (85,721) 174,407 260,128
Other Financing Sources
Transfers In 0 1,427,878 1,430,722 2,844
NetChangeinFundBalance 279 1,342,157 1,605,129 262,972
Fund Balance Beginning of Year 352,050 352,050 352,050 0
Fund Balance End of Year $352,329 $1,694,207 $1,957,179 $262,972
- 143 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Motor Vehicle License Taz Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Intergovernmental $37,281 $37,281 $38,289 $1,008
Inveshnent Earnings and Other Interest 500 500 1,217 717
Total Revenues 37,781 37,781 39,506 1,725
Egpenditures
Current
Street Construction,Maintenance,and Repair:
Street Repair and Maintenance:
CapitalOutlay 42,350 67,350 11,800 55,550
Net Change in Fund Balance (4,569) (29,569) 27,706 57,275
Fund Balance Beginning of Year 73,789 73,789 73,789 0
Prior Year Encumbrances Appropriated 350 350 350 0
Pund Balance End of Year $69,570 $44,570 $101,845 $57,275
- 144 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Street Repair and Maintenance Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Intergovernmental $849,113 $849,113 $871,241 $22,128
Investment Earnings and Other Interest 5,000 5,000 7,568 2,568
Miscellaneous 0 0 583 583
TotalRevenues 854,113 854,113 879,392 25,279
Expenditures
Current:
Street Construction,Maintenance,and Repair:
Snow and Ice Removal:
Purchased Services 894,865 1,ll5,865 1,048,972 66,893
Capital Outlay 65,621 65,621 65,621 0
TotalExpenditures 960,486 1,181,486 1,114,593 66,893
Net Change in Fund Balance (106,373) (327,373) (235,201) 92,172
Fund Balance Beginning of Year 701,688 701,688 701,688 0
Prior Year Encumbrances Appropriated 106,486 106,486 106,486 0
Pund Balance End of Year $701,801 $480,801 $572,973 $92,172
- 145 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
State Highway Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Intergovernmental $62,000 $62,000 $68,059 $6,059
Investment Earnings and Other Interest 2,000 2,000 3,026 1,026
Total Revenues 64,000 64,000 71,085 7,085
Egpenditures
Current
Street Construction,Maintenance,and Repair:
Route 21 Center Strip:
Purchased Services 75,000 157,000 70,000 87,000
Net Change in Fund Balance (11,000) (93,000) 1,085 94,085
Fund Balance Beginning of Year 186,501 186,501 186,501 0
Fund Balance End of Year $175,501 $93,501 $187,586 $94,085
- 146 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Community Center Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Charges for Services $1,084,600 $1,086,600 $1,234,966 $148,366
Licenses and Permits 15,000 15,000 12,236 (2,764)
Intergovernmental 0 75,000 12,000 (63,000)
Investment Earnings and Other Interest 9,000 9,000 10,814 1,814
Contributions and Donations 14,600 14,600 20,555 5,955
Rentals 59,500 59,500 59,181 (319)
Miscellaneous 9,876 9,876 8,716 (1,160)
Total Revenues 1,192,576 1,269,576 1,358,468 88,892
Expenditures
Current:
Recreational Activities:
Community Center:
Salaries and Wages 1,387,288 1,386,288 1,212,890 173,398
Fringe Benefits 462,095 462,095 383,305 78,790
Contractual Services 192,930 195,215 153,200 42,015
Materials and Supplies 214,934 216,749 206,014 10,735
Purchased Services 383,253 405,398 380,892 24,506
CapitalOutlay 75,982 180,982 172,307 8,675
Other 44,800 49,267 49,267 0
Total Expenditures 2,761,282 2,895,994 2,557,875 338,119
ExcessofRevenuesLlnderExpenditures (1,568,706) (1,626,418) (1,199,407) 427,011
Other Financing Sources
Sale of Capital Assets 0 0 1,227 1,227
Transfers In 1,170,000 1,170,000 1,170,000 0
Total Other Financing Sources 1,170,000 1,170,000 1,171,227 1,227
Net Change in Fund Balance (398,706) (456,418) (28,180) 428,238
Fund Balance Beginning of Year 784,565 784,565 784,565 0
Prior Year Encumbrances Appropriated 35,386 35,386 35,386 0
Fund Balance End of Year $421,245 $363,533 $791,771 $428,238
- 147 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Road Maintenance Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Property Taxes $680,070 $680,070 $688,992 $8,922
Intergovernmental 81,609 81,609 85,383 3,774
Investment Earnings and Other Interest 5,000 5,000 4,900 (100)
Total Revenues 766,679 766,679 779,275 12,596
Expenditures
Current:
Street Construction,Maintenance,and Repair:
Street Repair and Maintenance:
Contractual Services 0 49 49 0
CapitalOutlay 672,000 802,741 765,886 36,855
Total Expenditures 672,000 802,790 765,935 36,855
Net Change in Fund Balance 94,679 (36,111) 13,340 49,451
Fund Balance Beginning of Year 314,387 314,387 314,387 0
Fund Balance End of Year $409,066 $278,276 $327,727 $49,451
- 148 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Federal Equitahle Sharing Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Investment Earnings and Other Interest $300 $300 $245 ($55)
Expenditures
Current:
General Government:
Legislative and Executive:
Materials and Supplies 7,000 7,000 0 7,000
Net Change in Fund Balance (6,700) (6,700) 245 6,945
Fund Balance Beginning of Year 18,750 18,750 18,750 0
Fund Balance End of Year $12,050 $12,050 $18,995 $6,945
- 149 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Enforcement and Education Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Fines,Forfeitures,and Settlements $1,000 $1,000 $200 ($800)
Intergovernmental 2,400 2,400 0 (2,400)
Investment Earnings and Other Interest 440 440 405 (35)
Total Revenues 3,840 3,840 605 (3,235)
Expenditures
Current:
Public Safety:
Police:
Salaries and Wages 1,600 1,600 0 1,600
Fringe Bene6ts 335 335 0 335
Materials and Supplies 5,600 5,600 0 5,600
Purchased Services 1,500 1,500 0 1,500
Total Expenditures 9,035 9,035 0 9,035
Net Change in Fund Balance (5,195) (5,195) 605 5,800
Fund Balance Beginning of Year 30,854 30,854 30,854 0
Pund Balance End of Year $25,659 $25,659 $31,459 $5,800
- 1S0 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Court Computerization Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Fines,Forfeitures,and Settlements $6,000 $6,000 $5,640 ($360)
Investment Earnings and Other Interest 1,700 1,700 1,938 238
Total Revenues 7,700 7,700 7,578 (122)
Egpenditures
Current
General Government:
Judicial System:
Materials and Supplies 5,349 6,194 4,797 1,397
Purchased Services 2,700 2,700 336 2,364
TotalExpenditures 8,049 8,894 5,133 3,761
Net Change in Fund Balance (349) (1,194) 2,445 3,639
Fund Balance Beginning of Year 149,467 149,467 149,467 0
Prior Year Encumbrances Appropriated 349 349 349 0
Fund Balance End of Year $149,467 $148,622 $152,261 $3,639
- 151 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Natureworks Grants Pund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues $0 $0 $0 $0
Egpenditures 0 0 0 0
Net Change in Fund Balance 0 0 0 0
Fund Balance Beginning of Year 950 950 950 0
Fund Balance End of Year $950 $950 $950 $0
- 152 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Recycling Demo Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Intergovernmental $6,000 $6,000 $5,773 ($227)
Investment Earnings and Other Interest 50 50 45 (5)
Total Revenues 6,050 6,050 5,818 (232)
Egpenditures
Current
Basic Utility Services:
Rubbish Recycling:
Materials and Supplies 6,000 6,000 5,766 234
Net Change in Fund Balance 50 50 52 2
Fund Balance Beginning of Year 6,150 6,150 6,150 0
Fund Balance End of Year $6,200 $6,200 $6,202 $2
- 153 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Tree Planting Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Licenses and Permits $15,000 $15,000 $29,700 $14,700
Intergovernmental 0 27,608 0 (27,608)
Total Revenues 15,000 42,608 29,700 (12,908)
Expenditures
Current
Housing and Community Development:
Tree Planning:
Materials and Supplies 35,000 71,300 27,913 43,387
Net Change in Fund Balance (20,000) (28,692) 1,787 (30,479)
Fund Balance Beginning of Year 102,504 102,504 102,504 0
Fund Balance End of Year $82,504 $73,812 $104,291 ($30,479)
- 154 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Law Enforcement Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Fines,Forfeitures,and Settlements $5,000 $5,000 $329 ($4,671)
Investment Earnings and Other Interest 1,500 1,500 968 (532)
Total Revenues 6,500 6,500 1,297 (5,203)
Egpenditures
Current
Public Safety:
Police:
Materials and Supplies 22,000 22,000 12,800 9,200
Net Change in Fund Balance (15,500) (15,500) (11,503) 3,997
Fund Balance Beginning of Year 85,906 85,906 85,906 0
Fund Balance End of Year $70,406 $70,406 $74,403 $3,997
- 1SS -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Law Enforcement Mandatory Drug Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Investment Earnings and Other Intcrest $500 $500 $559 $59
Expenditures 0 0 0 0
Net Change in Fund Balance 500 500 559 59
Fund Balance Beginning of Year 42,903 42,903 42,903 0
Fund Balance End of Year $43,403 $43,403 $43,462 $59
- 156 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Police Pension Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Property Taxes $204,021 $204,021 $206,699 $2,678
Intergovernmental 24,483 24,483 25,615 1,132
Total Revenues 228,504 228,504 232,314 3,810
Expenditures
Current
Public Safety:
Police:
Fringe Benefits 165,000 165,000 165,000 0
Contractual Services 0 15 15 0
Total Expenditures 165,000 165,015 165,015 0
Net Change in Fund Balance 63,504 63,489 67,299 3,810
Fund Balance Beginning of Year 297,493 297,493 297,493 0
Fund Balance End of Year $360,997 $360,982 $364,792 $3,810
- 1S7 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Peace Officer Training Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues $0 $0 $0 $0
Egpenditures
Current
Public Safety:
Police:
Purchased Services 5,000 10,243 2,920 7,323
Net Change in Fund Balance (5,000) (10,243) (2,920) 7,323
Fund Balance Beginning of Year 10,243 10,243 10,243 0
Fund Balance End of Year $5,243 $0 $7,323 $7,323
- 158 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Local Fiscal Recovery Fund
For the Year Ended December 31,2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Intergovernmental $715,361 $718,206 $718,206 $0
Expenditures
Current
Public Safety:
Police:
Salaries and Wages 1,183,499 1,187,771 1,187,771 0
Fringe Benefits 244,379 242,952 242,952 0
Net Change in Fund Balance (712,517) (712,517) (712,517) 0
Fund Balance Beginning of Year 712,517 712,517 712,517 0
Fund Balance End of Year $0 $0 $0 $0
- 159 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
OneOhio Opioid Settlement Fund
For the Year Ended December 31,2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Fines,Forfeitures,and Settlements $0 $0 $2,083 $2,083
Expenditures 0 0 0 0
Net Change in Fund Balance 0 0 2,083 2,083
Fund Balance Beginning of Year 0 0 0 0
Fund Balance End of Year $0 $0 $2,083 $2,083
- 160 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Special Assessment Bond Retirement Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Special Assessments $251,328 $251,328 $251,988 $660
Expenditures
Current:
General Government:
Legislative and Executive:
Purchased Services 7,000 7,000 2,451 4,549
Debt Service:
Principal Retirement 277,000 277,000 277,000 0
Interest 32,916 32,916 32,916 0
Total Debt Service 309,916 309,916 309,916 0
Total Expenditures 316,916 316,916 312,367 4,549
ExcessofRevenuesUnderExpenditures (65,588) (65,588) (60,379) 5,209
Other Financing Sources
Advances In 40,000 40,000 40,000 0
Net Change in Fund Balance (25,588) (25,588) (20,379) 5,209
Fund Balance Beginning of Year 34,358 34,358 34,358 0
Pund Balance End of Year $8,770 $8,770 $13,979 $5,209
- 161 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Issue II Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Investment Earnings and Other Interest $3,000 $3,000 $3,241 $241
Expenditures
Capital Outlay:
Contractual Services 3,000 3,000 0 3,000
Debt Service:
Principal Retirement 31,157 31,157 31,155 2
TotalExpenditures 34,157 34,157 31,155 3,002
ExcessofRevenuesLlnderExpenditures (31,157) (31,157) (27,914) 3,243
Other Financing Sources
Transfers In 31,157 31,157 31,157 0
Net Change in Fund Balance 0 0 3,243 3,243
Fund Balance Beginning of Year 238,945 238,945 238,945 0
Fund Balance End of Year $238,945 $238,945 $242,188 $3,243
- 162 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Recreatzon Expansion Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Licenses and Permits $44,000 $44,000 $70,174 $26,174
Investment Earnings and Other Interest 900 900 1,312 412
Total Revenues 44,900 44,900 71,486 26,586
Expenditures
Capital Outlay:
Materials and Supplies 10,980 10,980 10,870 110
CapitalOutlay 93,755 93,755 90,208 3,547
Other 800 800 72 728
Total Expenditures 105,535 105,535 l O1,150 4,385
Net Change in Fund Balance (60,635) (60,635) (29,664) 30,971
Fund Balance Beginning of Year 52,227 52,227 52,227 0
Priar Year Encumbrances Appropriated 58,385 58,385 58,385 0
Fund Balance End of Year $49,977 $49,977 $80,948 $30,971
- 163 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Public Utility Improvement Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Licenses and Permits $97,500 $97,500 $62,216 ($35,284)
Intergovernmental 6,000 6,000 6,000 0
Investment Earnings and Other Interest 2,000 2,000 3,668 1,668
TotalRevenues 105,500 105,500 71,884 (33,616)
Expenditures
Capital Outlay:
Contractual Services 50,000 50,000 7,275 42,725
Other 2,000 2,000 0 2,000
Total Expenditures 52,000 52,000 7,275 44,725
Net Change in Fund Balance 53,500 53,500 64,609 11,109
Fund Balance Beginning of Year 880,271 880,271 880,271 0
Priar Year Encumbrances Appropriated 6,000 6,000 6,000 0
Fund Balance End of Year $939,771 $939,771 $950,880 $11,109
- 164 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Fire Ambulance Capital Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Charges for Services $330,000 $330,000 $388,530 $58,530
Investment Earnings and Other Interest 10,000 10,000 15,193 5,193
Total Revenues 340,000 340,000 403,723 63,723
Egpenditures
Capita l Outlay:
Contractual Services 30,000 30,000 29,163 837
CapitalOutlay 23,119 23,119 23,ll9 0
TotalExpenditures 53,119 53,119 52,282 837
Net Change in Fund Balance 286,881 286,881 351,441 64,560
Fund Balance Beginning of Year 924,404 924,404 924,404 0
Prior Year Encumbrances Appropriated 23,119 23,119 23,ll9 0
Fund Balance End of Year $1,234,404 $1,234,404 $1,298,964 $64,560
- 16S -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Police Station Building Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Investment Earnings and Other Intcrest $0 $0 $114 $ll4
Expenditures 0 0 0 0
Excess of Revenues Over Expenditures 0 0 114 ll 4
Other Financing Uses
Transfers Out (36,108) (36,108) (36,108) 0
Net Change in Fund Balance (36,108) (36,108) (35,994) ll 4
Fund Balance Beginning of Year 36,188 36,188 36,188 0
Pund Balance End of Year $80 $80 $194 $ll4
- 166 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Recreation Paczlities Expansion Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Intergovernmental $0 $25,000 $33,546 $8,546
Investment Earnings and Other Interest 1,000 1,000 6,052 5,052
Contriburions and Donations 0 20,000 20,000 0
Total Revenues 1,000 46,000 59,598 13,598
Expenditures
Capital Outlay:
CapitalOutlay 122,734 347,304 343,902 3,402
Debt Service:
Principal Retirement 8,600,000 0 0 0
Interest 86,000 0 0 0
Total Debt Service 8,686,000 0 0 0
Total Expenditures 8,808,734 347,304 343,902 3,402
ExcessofRevenuesUnderExpenditures (8,807,734) (301,304) (284,304) 10,196
Other Financing Sources(Uses)
Bond Anticiparion Notes Issued 8,600,000 0 0 0
SaLe of Capital Assets 0 0 800 800
Transfers In 300,000 300,000 300,000 0
Transfers Out (758,494) (677,689) (677,689) 0
Total Other Financing Sources(Uses) 8,141,506 (377,689) (376,889) 800
Net Change in Fund Balance (666,228) (678,993) (661,193) 17,800
Fund Balance Beginning of Year 767,600 767,600 767,600 0
Prior Year Encumbrances Appropriated 122,734 122,734 122,734 0
Fund Balance End of Year $224,106 $211,341 $229,141 $17,800
- 167 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Self Insurance Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Investment Earnings $20,000 $20,000 $26,969 $6,969
Miscellaneous 123,496 123,496 220,165 96,669
Total Revenues 143,496 143,496 247,134 103,638
Expenses
Purchased Services 7,000 7,000 4,149 2,851
Claims 307,000 307,000 8,675 298,325
Total Expenses 314,000 314,000 12,824 301,176
Net Change in Fund Eguity (]70,504) (170,504) 234,310 404,814
Fund Eguity Beginning of Year 1,930,212 1,930,212 1,930,212 0
Fund Equity End of Year $1,759,708 $1,759,708 $2,164,522 $404,814
- 168 -
City of Brecksville,Ohio
Schedule of Revenues,Expenditures and Changes
in Fund Balance-Budget(Non-GAAP Basis)and Actual
Cemetery Endowment Fund
For the Year Ended December 31, 2022
Budgeted Amounts
Original Final Variance with
Budget Budget Actual Final Budget
Revenues
Investment Earnings $50 $50 $44 ($6)
Expenses
Materials and Supplies l00 100 0 100
Net Change in Fund Equity (50) (50) 44 94
Fund Equity Beginning of Year 3,416 3,416 3,416 0
Pund Eguity End of Year $3,366 $3,366 $3,460 $94
- 169 -
(This Page Intentionally Left Blank)
- 170 -
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Statistical Section
This part of the City of Brecksville, Ohio's Annual Comprehensive Financial Report presents detailed
information as a context for understanding what the information in the financial statements, note
disclosures and required supplementary information says about the City's overall financial health.
Contents Pages(s)
FinancialTrends..............................................................................................................................S2—Sll
These schedules contain trend information to help the reader understand how the City's
financial performance and well-being have changed over time.
RevenueCapacity...........................................................................................................................Sl2—S20
These schedules contain information to help the reader assess the City's most significant
local revenue, the property tax and the municipal income tax.
DebtCapacity.................................................................................................................................S21—S25
These schedules present information to help the reader assess the affordability of the
City's current levels of outstanding debt and the Ciry's ability to issue additional debt in
the future.
Demogvaphicand Econoinic Information....................................................................................S26—S31
These schedules offer economic and demographic indicators to help the reader
understand the environment within which the City's financial activities take place.
OperatingInformation...................................................................................................................S32—S35
These schedules contain service and infrastructure data to help the reader understand
how the information in the City's financial report relates to the services the City
provides and the activities it performs.
Sources: Unless otherwise noted, the information in these schedules is derived from the Annual
Comprehensive Financial Reports for the relevant year.
- S1 -
City of Brecksville,Ohio
Net Position By Component
Last Ten Years
(Accrual Basis ofAccountin�
2022 2021(3) 2020 2019
Governmental Activities
Net Investment in Capital Assets $88,292,505 $85,063,992 $83,200,864 $79,168,430
Restricted:
Capital Projects 0 0 129,740 231,764
Debt Service 1,042,613 967,569 1,175,556 2,023,439
Communiry Center N/A N/A N/A N/A
Court Computerization 146,860 149,816 146,591 143,943
Fire Department 1,435,356 1,205,570 1,052,048 466,590
Police Department 550,580 497,562 618,936 579,771
Road Maintenance 382,759 371,325 441,926 393,517
Street Construction,Maintenance,and Repair 1,370,202 1,575,888 1,035,380 1,147,848
Pension Plans 96,243 76,631 0 0
Other Purposes 115,573 ll 2,073 127,615 120,909
Unrestricted(Deficit) 18,947,361 9,334,019 2,933,760 (3,311,888)
Total Governmental Activities Net Position $112,380,052 $99,354,445 $90,862,416 $80,964,323
(1) The City reported the impact of GASB Statement No.68 beginning in 2014
(2) The City reported the impact of GASB Statement No.75 beginning in 2017
(3) The City reported the impact of GASB Statement No.87 beginning in 2021
- SZ -
2018 2017(2) 2016 2015 2014(1) 2013
$78,737,049 $65,981,738 $73,353,987 $69,946,323 $74,133,853 $72,417,ll4
1,110,602 7,843,753 590,944 900,027 1,420,845 329,701
2,479,039 2,771,399 3,474,178 3,973,179 4,415,231 4,805,954
N/A N/A N/A N/A N/A 146,894
137,454 174,606 163,287 150,372 242,043 235,719
209,281 254,211 226,751 148,663 177,816 238,486
521,130 509,726 549,496 524,703 480,237 410,660
220,836 174,144 234,283 218,201 245,463 215,326
806,269 700,642 639,465 731,322 872,497 1,015,590
0 0 0 0 0 0
124,487 122,269 172,873 176,243 159,198 37,646
(13,354,556) (7,158,140) 3,808,154 2,295,237 654,223 16,694,528
$70,991,591 $71,374,348 $83,213,418 $79,064,270 $82,801,406 $96,547,618
- 53 -
City of Brecksville,Ohio
Changes in Net Position
Last Ten Yem�s
(Accrual Basis ofAccountin�
2022 2021 2020 2019
Program Revenues
Governmental Activities:
Charges for Services and Operating Assessments:
General Government:
Legislative and Executive $806,413 $4,059,446 $319,617 $551,325
Judicial System 176,350 146,018 131,371 240,670
Public Safety:
PoGce 4,462 5,389 3,837 7,885
Fire 481,181 358,836 251,482 310,041
Public Health and Social Services 88,779 85,220 65,481 80,350
Street Construction,Maintenance,and Repair 6,293 6,235 6,162 6,391
Housing and Community Development 287,492 214,773 208,004 202,895
Basic Utility Services 83,920 79,923 201,093 136,565
Recreational Activities 1,376,557 981,306 655,860 1,079,178
Subtotal-Charges for Services and Operating
Assessments 3,311,447 5,937,146 1,842,907 2,615,300
Operating Grants and Contributions:
General Government:
Legislative and Executive 35,8A3 15,713 220,492 650
Judicial System 0 0 2,090 0
Public Safety:
Police 1,591,356 88,002 71,942 38,606
Fire 309,099 254,824 516,173 276,465
Public Health and Social Services 37,651 28,754 98,643 18,694
Street Construction,Maintenance,andRepair 1,062,102 1,245,588 911,220 985,832
Housing and Community Development 25,000 0 14,431 0
Basic Utility Services 23,717 6,000 32,882 2,667
Recreational Activities 106,055 8,773 39,483 12,323
Subtotal-Operating Grants and Contributions 3,190,863 1,647,594 1,907,356 1,335,237
Capital Grants and Contributions:
General Government
Legislative and Exccutivc 2,951,396 43,688 5,472,832 0
Public Safety:
Fire 0 0 0 0
Public Health and Social Services 0 0 0 0
Street Construction,Maintenance,and Repair 16,785 0 930,000 0
Housing and Community Development 335,609 0 0 0
Basic Utility Services 4,382,224 3,693,560 9,467 1,287,054
Recreational Activities 49,637 0 0 0
Subtotal-Capital Grants and Contributions 7,735,651 3,737,248 6,412,299 1,287,054
TatalGovernmentalProgramRevenues $14,237,961 $11,321,988 $10,162,562 $5,237,591
- 54 -
2018 2017 2016 2015 2014 2013
$354,788 $276,352 $344,701 $359,173 $354,858 $840,125
19,135 16,699 19,564 17,080 18,808 20,172
266,786 227,076 227,804 206,834 333,532 2ll,069
285,673 291,958 291,535 284,088 234,018 250,218
52,722 46,885 49,812 46,217 44,774 39,658
106,521 91,515 100,066 93,240 95,899 94,951
71,849 52,589 63,540 55,154 43,901 37,370
255,642 174,702 171,080 130,548 117,458 106,846
1,064,322 1,079,413 1,150,592 995,080 994,881 945,844
2,477,438 2,257,189 2,418,694 2,187,414 2,238,129 2,546,253
4,171 5,030 3,834 5,988 200,435 10,319
94 105 81 115 1,737 1,327
26,125 44,717 27,355 32,454 29,374 32,227
228,981 228,960 230,305 228,841 244,241 231,789
726 826 606 941 727 1,604
726,372 745,911 749,205 763,645 805,157 1,067,022
641 25,643 525 791 25,154 8,917
6,158 4,737 30,886 5,771 6,571 8,19A
9,474 10,402 10,844 4,940 14,615 6,557
1,002,742 1,066,331 1,053,641 1,043,486 1,328,011 1,367,960
4,450,772 0 0 0 4,740 0
ll4,636 224,133 0 0 0 0
1,079 0 0 0 0 0
229,787 1,259,818 0 0 0 0
0 0 0 0 0 0
96,438 110,805 1,271,409 2,194,237 1,682,114 735,758
0 0 0 13,500 0 0
4,892,712 1,594,756 1,271,409 2,207,737 1,686,854 735,758
$8,372,892 $4,918,276 $4,743,744 $5,438,637 $5,252,994 $4,649,971
(continued)
- SS -
City of Brecksville,Ohio
Changes in Net Position(continued)
Last Ten Years
(Accrual Basis ofAccountin�
2022 2021 2020 2019
Expenses
Governmental Activities:
General Government:
Legislative and Executive $8,212,504 $8,941,766 $8,989,300 $8,736,365
Judicial System 89,182 62,931 168,915 206,352
Public Safety:
PoGce 5,317,879 5,196,435 5,232,665 1,543,413
Fire 3,115,344 3,065,057 3,296,619 376,008
Public Health and Social Services 1,085,248 839,300 1,192,513 1,435,281
Street Construction,Maintenance,and Repair 4,087,210 3,603,878 4,421,862 4,871,513
Housing and Community Development 901,426 496,099 938,557 1,334,087
BasicUtilityServices 2,229,433 1,443,134 2,826,513 2,669,147
Recreational Activities 2,047,004 5,984,955 1,600,150 2,485,063
Interest 1,253,730 686,090 917,419 629,735
Total Governmental Activities Expenses 28,338,960 30,319,645 29,584,513 24,286,964
Net(Expense)/Revenue
GovernmentalActivities (14,100,999) (18,997,657) (19,421,951) (19,049,373)
General Revenues and Other Changes in Net Position
Governmental Activities
Taxes:
Property Taxes Levied For:
General Purposes 2,433,794 2,133,425 2,096,864 2,123,999
Fire Department 2,357,515 2,066,553 2,031,160 2,034,107
Road Maintenance 693,388 607,795 597,386 598,266
PoGce Department 208,016 182,355 179,226 179,466
Municipal Income Taxes levied for:
General Purposes 17,764,785 18,423,832 17,220,272 18,419,954
CapitalOutlay 2,836,670 3,020,004 3,020,004 2,220,004
Grants and Entitlements not Restricted to
Specific Programs 539,245 558,923 1,615,802 1,224,575
Unrestricted Contributions and Donations 250,000 0 0 0
Investment Earnings and Other Interest (561,260) (90,398) 607,016 684,761
Gain on Sale of Capital Assets 0 0 0 0
Miscellaneous 604,453 587,197 1,952,314 1,412,508
Total Governmental Activities General Revenues 27,126,606 27,489,686 29,320,044 28,897,640
SpecialItem 0 0 0 0
Change in Net Position
GovernmentalActivities $13,025,607 $8,492,029 $9,898,093 $9,848,267
- 56 -
2018 2017 2016 2015 2014 2013
$11,336,784 $6,962,354 $6,569,538 $6,025,851 $5,586,065 $5,483,124
212,850 160,528 139,516 222,456 129,098 97,176
6,725,624 5,487,502 5,028,825 4,511,969 4,372,780 4,630,560
3,400,741 2,842,061 2,761,668 2,646,098 2,557,376 2,305,771
1,350,715 1,345,241 1,206,467 1,608,683 992,430 1,088,378
4,615,122 4,212,835 3,860,763 3,642,128 4,323,479 4,652,589
1,121,780 1,139,785 852,380 796,624 848,261 795,200
2,620,164 2,799,212 2,260,630 2,242,264 2,402,003 2,044,860
2,521,106 2,362,129 2,173,693 2,430,087 2,137,156 2,129,059
535,387 388,089 297,563 297,843 419,654 400,314
34,440,273 27,699,736 25,151,043 24,424,003 23,768,302 23,627,031
(26,067,381) (22,781,460) (20,407,299) (18,985,366) (18,515,308) (18,977,060)
1,853,125 1,880,670 1,791,350 1,687,653 1,811,854 1,806,589
1,795,019 1,821,727 1,735,188 1,634,162 1,755,072 1,749,910
527,936 535,794 510,360 480,721 516,198 514,678
158,398 160,760 153,115 144,202 154,859 154,253
15,447,729 15,017,616 16,717,227 13,887,608 12,129,661 13,729,250
2,860,004 2,603,334 2,540,000 2,400,000 2,600,000 2,400,000
4ll,203 519,469 434,179 592,098 462,912 1,364,858
0 0 0 0 0 0
430,972 286,340 159,788 144,903 74,550 81,848
0 4,383 65,078 0 0 58,756
2,171,702 653,726 450,162 476,450 418,473 1,060,936
25,656,088 23,483,819 24,556,447 21,447,797 19,923,579 22,921,078
0 0 0 �6,199,s6�) �z,zso,000� o
($411,293) $702,359 $4,149,148 ($3,737,136) ($841,729) $3,944,018
- 57 -
City of Brecksville,Ohio
Fund Balances, Governmental Funds
Last Ten Years
(Modified Accrual Basis of Accountin�
2022 2021 2020 2019
General Fund
Nonspendable $724,428 $509,335 $573,045 $608,036
Committed 882,242 201,421 600,337 368,230
Assigned 384,827 4,519,566 2,549,000 6,253
Unassigned 14,393,920 11,894,309 11,929,523 11,493,016
Total GeneralFund 16,385,417 17,124,631 15,651,905 12,475,535
All Other Governmental Funds
Nonspendable 124,000 119,334 129,237 ll 0,953
Restricted 6,088,898 4,482,190 3,985,952 3,519,624
Committed 6,095,512 5,165,955 3,466,912 2,484,101
Assigned 1,244,030 3,484,269 5,928,252 5,273,600
Unassigned(Deficit) (ll3,869) 0 (1,344,793) (263,256)
Total All Other Governmental Funds 13,438,571 13,251,748 12,165,560 11,125,022
Total Governmental Funds $29,823,988 $30,376,379 $27,817,465 $23,600,557
- 58 -
2018 2017 2016 2015 2014 2013
$684,633 $653,650 $683,505 $589,306 $308,324 $258,918
1,610,988 190,043 169,400 142,318 793,372 145,272
13,472 3,406,744 2,460,460 2,704,8ll 2,067,087 559,154
7,516,683 5,563,6ll 6,516,688 5,069,907 5,491,224 8,722,841
9,825,776 9,814,048 9,830,053 8,506,342 8,660,007 9,686,185
146,737 134,448 105,103 107,137 133,664 129,133
2,217,153 8,594,221 2,193,631 2,147,017 2,201,974 2,618,061
2,ll9,784 3,517,135 3,636,653 3,573,849 2,561,420 2,877,955
2,014,987 1,546,073 713,255 713,353 556,085 729,938
�i,z��,so9� o �i,os�,i6s� �i,4ss,s4z� o 0
5,221,152 13,791,877 5,561,479 5,085,814 5,453,143 6,355,087
$15,046,928 $23,605,925 $15,391,532 $13,592,156 $14,113,150 $16,041,272
- 59 -
City of Brecksville,Ohio
Changes in Fund Balances,Governmental Funds
Last Ten Years
(Modified Accrual Basis ofAccountin�
2022 2021 2020 2019
Revenues
Taxes(1) $26,157,566 $26,692,443 $25,248,802 $25,037,902
Charges for Services 1,760,456 1,351,006 877,611 1,367,465
Licenses and Permits 1,174,465 4,228,469 819,752 768,888
Fines,Forfeitures,and Settlements 125,291 149,118 130,210 246,540
Intergovernmental 4,432,904 2,673,669 3,699,199 2,569,884
Special Assessments 259,248 421,098 423,583 433,965
Investment Earnings and Other Interest (511,446) (110,286) 578,979 647,535
Contributions and Donations 3,573,719 43,568 5,416,587 54,825
Leases 66,844 0 0 0
Rentals 117,473 191,477 187,333 192,506
Miscellaneous 393,434 1,106,036 1,484,915 1,285,355
TotalRevenues 37,549,954 36,746,598 38,866,971 32,604,865
Expenditures
Current:
General Government:
Legislarive and Executive 8,611,259 10,757,310 7,050,415 7,295,921
Judicial System 135,173 155,994 152,815 158,801
PubGc Safety:
Police 5,293,965 4,968,967 5,020,631 5,245,953
Fire 2,862,763 2,733,414 2,658,453 2,666,529
Public Health and Social Services 1,076,468 1,016,856 935,186 1,063,834
Street Construction,Maintenance,and Repair 4,359,975 3,691,565 3,878,055 3,410,558
Housing and Community Development 1,196,471 1,011,654 839,243 1,054,064
Basic Utility Services 1,716,030 2,309,513 1,987,223 1,564,067
Recreational Activities 2,476,026 2,003,323 1,612,350 1,934,197
CapitalOutlay 19,824,701 6,307,376 17,849,317 6,740,199
Debt Service:
Principal Retirement 14,425,567 11,111,155 1,505,578 1,251,767
Interest 1,417,161 870,615 778,235 621,519
Issuance Costs 575,123 73,546 56,977 169,490
Total Expenditures 63,970,682 47,011,288 44,324,478 33,176,899
Excess ofRevenues Over(Under)Expenditures (26,420,728) (10,264,690) (5,457,507) (572,034)
Other Financing Sources(Uses)
Sale of Capital Assets 5,689 11,812 4,593 10,027
Gain on Sale of Capital Assets 0 0 0 0
Refunding Bonds Issued 0 0 0 0
General Obligation Bonds Issued 11,855,000 0 0 8,500,000
Tax Increment Financing Revenue Bonds 9,705,000 0 0 0
Bond Anticipation Notes Issued 3,600,000 12,710,000 9,560,000 0
Premium on Issuance of Debt 1,084,006 99,918 109,822 615,636
Discount on Issuance of Debt (388,200) 0 0 0
InceptionofLease 6,842 0 0 0
Transfers In 9,826,914 4,268,397 4,218,716 3,854,418
Transfers Out (9,826,914) (4,268,397) (4,218,716) (3,854,418)
TotalOtherFinancingSources(Uses) 25,868,337 12,821,730 9,674,415 9,125,663
SpecialItem 0 0 0 0
Net Change in Fund Balances ($552,391) $2,557,040 $4,216,908 $8,553,629
Debt Service as a Percentage of Noncapital
Expendihxres 37.2% 27.1% 11.7% 7.2%
(1)Includes All Taxes
- S1�-
2018 2017 2016 2015 2014 2013
$22,713,757 $22,875,042 $22,820,621 $19,698,588 $20,648,817 $19,389,630
1,335,769 1,316,865 1,439,170 1,279,220 1,272,274 1,278,936
574,510 497,995 479,977 441,223 342,268 309,326
285,373 227,119 261,776 253,729 368,109 299,141
1,831,409 2,763,597 2,737,344 4,106,032 3,138,374 4,035,155
440,629 477,980 499,052 459,522 510,313 949,306
394,589 264,667 141,358 130,922 64,798 75,100
21,287 23,989 21,036 2Q482 208,943 6,759
0 0 0 0 0 0
195,911 164,758 172,849 137,112 190,031 67,596
2,065,459 524,561 332,601 357,138 321,424 958,110
29,858,693 29,136,573 28,905,784 26,883,968 27,065,351 27,369,059
6,187,449 5,909,340 6,253,951 5,941,020 5,658,375 5,704,562
194,178 139,126 131,893 220,781 123,991 93,327
5,438,717 5,045,643 4,544,489 4,210,229 4,285,136 4,638,749
2,594,276 2,531,150 2,405,316 2,375,886 2,379,842 2,195,067
1,071,758 1,076,825 987,931 949,909 857,569 886,624
3,334,437 3,218,196 3,192,590 3,214,009 3,225,278 3,670,149
968,608 963,735 894,594 812,040 808,555 795,612
1,692,068 1,906,348 2,048,023 1,911,114 1,809,942 1,759,741
1,926,370 1,892,774 1,786,943 1,756,475 1,869,032 1,848,435
13,331,304 6,503,427 3,588,452 4,634,472 4,297,901 3,124,437
1,228,603 1,368,604 1,069,465 1,035,335 1,005,335 963,884
528,801 359,136 282,739 286,576 422,517 394,976
0 186,766 0 35,000 0 0
38,496,569 31,101,070 27,186,386 27,382,846 26,743,473 26,075,563
(8,637,876) (1,964,497) 1,719,398 (498,878) 321,878 1,293,496
50,343 18,ll3 14,900 0 0 18,236
0 0 65,078 0 0 0
0 0 0 2,640,000 0 0
0 9,980,000 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 180,777 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
3,499,115 4,153,161 2,468,989 2,272,467 2,232,116 3,189,271
(3,499,115) (4,153,161) (2,468,989) (2,272,467) (2,232,116) (3,189,271)
50,343 10,178,890 79,978 (22,116) 0 244,957
0 0 0 0 (2,250,000) 0
($8,587,533) $8,214,393 $1,799,376 ($520,994) ($1,928,122) $1,538,453
6.9°/a 72% 6.1°/a 62% 6.7°/a 6.4%
- S11 -
City of Brecksville, Ohio
Assessed Valuation and Estimated Actual T�alues of Taxable Property
Last Ten Years
Real Property Tangible Personal Property
Assessed Value Public Utility
Estimated Estimated
Tax Residential/ Commercial Actual Assessed Actual
Year Agricultural Industrial/PU Value Value Value
2022 $646,828,480 $118,553,130 $2,186,804,600 $23,603,030 $26,821,625
2021 639,519,870 121,639,410 2,174,740,800 22,541,280 25,615,091
2020 550,691,840 109,682,240 1,886,783,086 21,683,560 24,640,409
2019 545,915,280 108,489,980 1,869,729,314 21,159,680 24,045,091
2018 540,608,750 110,240,490 1,859,569,257 20,388,440 23,168,682
2017 482,603,830 100,874,550 1,667,081,086 20,721,470 23,547,125
2016 476,728,340 100,946,970 1,650,500,886 20,463,690 23,254,193
2015 472,551,960 100,539,620 1,637,404,514 19,790,100 22,488,750
2014 453,626,110 124,402,550 1,651,510,457 19,695,230 22,380,943
2013 453,604,210 123,043,670 1,647,565,371 18,850,720 21,421,273
Real property is reappraised cvery six years with a State mandated update of the current market value in the
third year following each reappraisal.
The assessed value of real property (including public utility real property) is 35 percent of estimated true
value. The assessed value of public utility personal property ranges from 25 percent of true value for railroad
property to 88 percent for electric transmission and distribution property.
The tangible personal property values associated with each year were the values that, when multiplied by the
applicable rates, generated the property tax revenue billed in that year. For real properry, the amounts
generated by multiplying the assessed values by the applicable rates would be reduced by a 10 percent and a 2
1/2 percent rollback,and homestead exemptions before being billed.
Source: Cuyahoga County,Ohio; Counry Fiscal Officer
- 512 -
Total
Estimated
Assessed Actual
Value Value Ratio Tax Rate
$788,984,640 $2,213,626,225 35.64% $8.21
783,700,560 2,200,355,891 35.62 8.21
682,057,640 1,911,423,495 35.68 8.21
675,564,940 1,893,774,405 35.67 8.21
671,237,680 1,882,737,939 35.65 8.21
604,199,850 1,690,628,211 35.74 8.21
598,139,000 1,673,755,079 35.74 8.21
592,881,680 1,659,893,264 35.72 8.21
597,723,890 1,673,891,400 35.71 8.21
595,498,600 1,668,986,644 35.68 8.21
r �
Assessed Value of Taxable Property
$900,000,000
$800,000,000 � �
$700,000,000 -
� � �
$600,000,000 � � �
$500,000,000
$400,000,000
$300,000,000
$200,000,000
$100,000,000
$0 — —
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
■Res/Ag Comm/Ind Public Utility
- 513 -
City of Brecksville,Ohio
Property Tax Rates-Direct and Overlapping Governments
(Per$1,000 of Assessed Yaluation)
Last Ten Years
2022 2021 2020 2019
Unvoted Millage
Operating $3.5100 $3.5100 $3.5100 $3.5100
Police Pension 0.3000 0.3000 0.3000 0.3000
Total Unvoted Millage 3.8100 3.8100 3.8100 3.8100
Charter Millage
1982 Charter/Fire 3.4000 3.4000 3.4000 3.4000
1987 Charter/Road Improvement 1.0000 1.0000 1.0000 1.0000
Total Charter Millage 4.4000 4.4000 4.4000 4.4000
TotalMillage $8.2100 $8.2100 $8.2100 $8.2100
Overlapping Rates by Taxing District
Brecksville-Broadview Heights City School District
Residential/Agricultural Real $36.9986 $37.1606 $41.4252 $41.2320
Commercial/Industrial and Public Utility Real 46.4978 46.6584 48.9522 49.4221
General Business and Public Utility Personal 82.6300 82.7900 82.7900 82.6300
Cuyahoga Valley Career Center
Residential/Agricultural Real 2.0000 2.0000 2.0000 2.0000
Commercial/Industrial and Public Utility Real 2.0000 2.0000 2.0000 2.0000
General Business and Public Utility Personal 2.0000 2.0000 2.0000 2.0000
Cuyahoga Counry
Residential/Agricultural Real 12.2519 12.2552 14.0063 12.8012
Commercial/Industrial and Public Utility Real 13.6331 13.6706 14.3037 13.2303
General Business and Public Utility Personal 14.8500 14.8500 14.8500 14.0500
Special Taxing Districts(1)
Residential/Agricultural Real 9.6ll 8 9.0236 103637 93456
Commercial/Industrial and Public Utility Real 10.5106 10.2402 10.7300 9.7042
General Business and Public Utility Personal 11.2800 11.2800 11.2800 10.2800
Source:Cuyahoga Counry Fiscal Officer
Note: The rates presented for a particular calendar year are the rates that, when applied to the assessed values presented in the
Assessed Value Table,generated to the property tax revenue billed in that year.
The City's basic property tax rate may be increased only by a majority vote of the City's residents.
Charter millage is consistently applied to all rypes of property as opposed to the voted levies of the overlapping taxing district:
Overlapping rates are those of local and county governments that apply to property owners within the City.
(1) Metro Parks,Port Authority,Counry Library,Community College
- 514-
2018 2017 2016 2015 2014 2013
$3.5100 $3.5100 $3.5100 $3.5100 $3.5100 $3.5100
0.3000 03000 0.3000 03000 03000 0.3000
3.8100 3.8100 3.8100 3.8100 3.8100 3.8100
3.4000 3.4000 3.4000 3.4000 3.4000 3.4000
1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
4.4000 4.4000 4.4000 4.4000 4.4000 4.4000
$8.2100 $8.2100 $8.2100 $8.2100 $8.2100 $8.2100
$41.4324 $44.8382 $389210 $38.9563 $39.9725 $40.1206
493920 52.2282 46.2177 46.9105 43.8622 43.2930
82.7900 82.8900 77.0000 77.0000 77.0000 77.2000
2.0000 2.0000 2.0000 2.0000 2.0000 2.0000
2.0000 2.0000 2.0000 2.0000 2.0000 2.0000
2.0000 2.0000 2.0000 2.0000 2.0000 2.0000
12.7973 13.9141 13.8802 13.8698 14.0500 14.0500
13.0770 14.0060 14.0124 14.0500 14.0195 13.9495
14.0500 14.0500 14.0500 14.0500 14.0500 14.0500
8.9475 9.7637 9.2408 9.2368 93643 8.4639
9.2104 9.8422 93438 93676 93401 83843
9.8800 9.8800 9.3800 93800 93800 8.4800
�.
- S1S -
City of Brecksville, Ohio
Property Tax Levies And Collections
Last Ten Years
Percent of
Total Current Current Tax Delinquent Total
Tax Tax Collections Tax Tax
Year Levy Collections To Tax Levy Collections Collections (1)
2022 $6,426,220 $6,236,995 97.06% $119,993 $6,356,988
2021 5,755,678 5,474,566 95.12 92,467 5,567,033
2020 5,661,628 5,421,509 95.76 100,759 5,522,268
2019 5,635,299 5,412,932 96.05 102,676 5,515,608
2018 5,224,588 4,877,119 93.35 128,424 5,005,543
2017 5,161,803 4,774,261 92.49 114,971 4,889,232
2016 4,990,947 4,756,871 95.31 82,375 4,839,246
2015 5,165,687 4,523,952 87.58 87,656 4,611,608
2014 5,219,426 4,532,551 86.84 91,162 4,623,713
2013 5,110,700 4,547,214 88.97 119,432 4,666,646
Source: Cuyahoga County, Ohio; County Fiscal Officer
(1) State reimbursement of rollback and homestead exemptions are included.
Note: The City is aware of the requirement to report delinquent tax collections by levy year rather than
by collection year; however,the County is unable to provide delinquent collections by levy year.
We are looking at options to improve this presentation.
- 516 -
Accumulated
Percent of Total Outstanding Percentage of
Tax Collections Delinquent Delinquent Taxes
To Tax Levy Taxes to Total Tax Levy
98.92% $196,886 3.06°/a
96.72 160,794 2.79
97.54 124,912 2.21
97.88 134,611 2.39
95.81 131,149 2.51
94.72 251,692 4.88
96.96 194,442 3.90
89.27 298,803 5.78
88.59 433,570 831
91.31 299,280 5.86
- 517 -
City of Brecksville, Ohio
Principal Real Property Taxpayers
2022 and 2013
2022
Percentage of
Real Property Real Property
Assessed Assessed
Taxpayer Valuation Valuation
Cleveland Electric Illuminating Company $16,471,160 2.15 %
Grand Bay of Brecksville 7,107,380 0.93
Holar Properties,LLC 6,817,310 0.89
Ohio Bell Telephone Company 5,502,290 0.72
PDM Group, Incorporated 5,283,040 0.69
Gateway Association 5,210,040 0.68
Creekview Commons Delaware, LLC 4,427,500 0.58
The Sherwin-Williams Company 4,408,080 0.58
Diamond Properties 4,147,680 0.54
Brecksville Shopping Center 3,630,580 0.47
Total $63,005,060 8.23 %
Total Real Property Assessed Valuation $765,381,610
2013
Percentage of
Real Property Real Property
Assessed Assessed
Taxpayer Valuation Valuation
Cleveland Electric Illuminating Company $17,012,630 2.95 %
The Cleveland Clinic Foundation 13,223,500 2.29
Ohio Bell Telephone Company 8,118,260 1.41
PDM Group,Incorporated 7,249,480 1.26
Grand Bay of Brecksville 6,476,750 1.12
Cleveland Cuyahoga Port Authority 6,336,470 1.10
Gateway Association 4,659,100 0.81
Creekview Commons Delaware, LLC 3,513,200 0.61
Treeline,Incorporated 3,416,520 0.59
MS Brecksville LP 2,712,430 0.47
Total $72,718,340 12.61 %
Total Real Property Assessed Valuation $576,647,880
Source: Cuyahoga County Fiscal Officer
- 518 -
City of Brecksville,Ohio
Income Tax Revenue Base and Collecfions
Last Ten Years
Percentage Percentage Percentage
of'Taxes ofTaxes Taxes of'Taxes
Tax Tax Total Tax Taxes from from Taxes From from From from
Year Rate Collected(1) Withholding Withholding NetProfits Net Profits Individuals Individuals
2022 2.00% $20,500,945 $13,530,624 66.00% $3,177,646 15.50% $3,792,675 18.50%
2021 2.00 21,738,198 14,868,927 68.40 3,695,494 17.00 3,173,777 14.60
2020 2.00 20,334,466 14,500,508 71.31 2,208,323 10.86 3,625,635 17.83
2019 2.00 20,105,526 13,898,950 69.13 2,609,697 12.98 3,596,879 17.89
2018 2.00 18,258,736 12,881,538 70.55 2,227,566 12.20 3,149,632 17.25
2017 2.00 18,533,341 13,071,566 70.53 3,291,521 17.76 2,170,254 IIJ1
2016 2.00 18,526,247 12,901,679 69.64 3,755,270 20.27 1,869,298 10.09
2015 2.00 15,617,083 11,683,140 74.81 1,909,969 12.23 2,023,974 12.96
2014 2.00 16,542,412 12,737,658 77.00 1,985,089 12.00 1,819,665 11.00
2013 2.00 15,253,849 11,591,399 75.99 2,059,270 13.50 1,603,180 10.51
(1)Modified Accrual Basis
Income Tax Collections for the Last 10 Years
'�25
$20
$15
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R
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Q
O S��
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O
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2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
❑Withholding �NetProfits Olndividuals
- S19 -
City of Brecksville, Ohio
Income Tax Filers by Income Level
Ta� Years 2021 and 2013
Tax Year 2021 (1)(2)
Number of Percent Taxable Percent of
Income Range Filers of Filers Income (2) Taxable Income
Over$100,000 2,070 4118 % $601,719,612 8416 %
75,001-100,000 470 9.35 41,172,200 5.76
50,001-75,000 573 11.40 36,013,620 5.04
25,001-50,000 636 12.65 23,905,718 3.34
Under 25,000 1,278 25.42 12,172,582 1.70
Total 5,027 100.00 % $714,983,732 100.00 %
Tax Year 2013 (2)
Number of Percent Taxable Percent of
Income Range Filers of Filers Income Taxable Income
Over$100,000 1,898 34.96 % $434,424,923 77.52 %
75,001-100,000 533 9.82 46,357,210 8.27
50,001-75,000 611 11.25 37,929,729 6.77
25,001-50,000 729 13.43 26,936,616 4.81
Under 25,000 1,658 30.54 14,729,642 2.63
Total 5,429 100.00 % $560,378,120 100.00 °/o
Source: Regional Income Tax Agency Data
(1) Information for 2022 was not available.
(2) Taxable income of residents of the City.
- S20-
City of Brecksville,Ohio
Ratias of Outstanding Deh[to
Total Personal lncome and Deb�Per Capita
Last Ten S'ears
Tax Inerement Percentage Total
General Financing Special Bond Total of Debt
Obligation Revenue Assessment Anticipation OPWC Personal Personal Per
Year Bonds Bonds Bonds Notes Loans Leases Total Income(I) Income PopulationQ) Capita
2022 $3Q902,768 $9,316,800 $605,000 $3,600,000 $203,023 $5,366 $44,632,957 $778,465,422 5.73% 13,539 $3,297
2021 19,4A8,835 0 86A,806 12,809,918 234,178 2,936 33,404,673 769,327,605 434 13,635 2,450
2020 2Q645,740 0 1,277,612 9,669,822 265,333 0 31,858,507 819,149,114 3.89 13,537 2,353
2019 21,772,644 0 1,6A6,418 0 2A0,911 0 23,739,973 684,102,216 3.47 13,53A 1,754
2018 13,528,900 0 2,075,224 0 317,678 0 15,921,802 695,057,844 2.29 13,522 1,177
2017 14,346,178 0 2,454,031 0 371,281 0 17,171,490 686,80A,360 2.50 13,470 1,275
2016 5,067,679 0 2,907,837 0 424,885 0 8,40Q401 702,293,760 1.20 13,440 625
2015 5,66Q919 0 3,336,643 0 484,350 0 9,4A7,912 670,513,930 1.41 13,543 700
2014 6,235,960 0 3,751,884 0 549,685 0 10,537,529 566,818,000 1.86 13,568 777
2013 6,788,673 0 4,160,821 0 615,020 0 11,564,514 504,512,000 229 13,554 853
City Debt as a
Percentage Of Personal Income
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00% - - - - - - . - � �
2022 2021 2020 2019 201R 2017 2016 2015 2014 2013
(1)U.S.Census Bureau
- 521 -
City of Brecksville, Ohio
Ratio of General Obligation Bonded Debt to Estimated True
T�alue of Taxable Property and Bonded Debt Per Capita
Last Ten Years
Ratio of
Estimated True Bonded Debt to
General Value of Estimated True Bonded
Obligation Taxable Value of Taxable Debt per
Year Bonds (1) Property(2) Property Capita(3)
2022 $30,902,768 $2,213,626,225 1.40% $2,283
2021 19,488,835 2,200,355,891 0.89 1,429
2020 20,645,740 1,911,423,495 1.08 1,525
2019 21,772,644 1,893,774,405 1.15 1,608
2018 13,528,900 1,882,737,939 0.72 1,001
2017 14,346,178 1,690,628,211 0.85 1,065
2016 5,067,679 1,673,755,079 0.30 377
2015 5,660,919 1,659,893,264 034 418
2014 6,235,960 1,673,891,400 0.37 460
2013 6,788,673 1,668,986,644 0.41 501
(1) Although the general obligation bond retirement fund is restricted for debt
seroice, it is not specifically restricted to the payment of principal; therefore, these
resources are not shown as a deduction from general obligation bonded debt.
(2) See S12-S13 for taxable properry value data.
(3) See S26 for population data.
- S22 -
City of Brecksville, Ohio
Computation of Direct and Overlapping
DebtAttributable to GovernmentalActivities
December 31, 2022
Debt Amount of
Attributable to Percentage Direct and
Governmental Applicable Overlapping
Activities to City(1) Debt
Direct Debt:
City of Brecksville
General Obligation Bonds $30,902,768 100.00% $30,902,768
Tax Increment Financing Revenue Bonds 9,316,800 100.00 9,316,800
Special Assessment Bonds 605,000 100.00 605,000
Bond Anticipation Notes 3,600,000 100.00 3,600,000
OPWC Loans 203,023 100.00 203,023
Leases 5,366 100.00 5,366
Total Direct Debt 44,632,957 44,632,957
Overlapping Debt:
Payable from Property Taxes:
Cuyahoga County Bonds 251,010,600 2.15 5,396,728
Regional Transit Authority Bonds 45,455,990 2.15 977,304
Brecksville-Broadview Heights City
School District Bonds 49,874,810 59.18 29,515,913
Payable from Other Sources:
Cuyahoga County Revenue Bonds 645,165,802 2.15 13,871,065
Cuyahoga County Loans 185,130,479 2.15 3,980,305
Cuyahoga County Financed Purchases 231,083,108 2.15 4,968,287
Cuyahoga County Leases Payable 12,809,798 2.15 275,411
Brecksville-Broadview Heights City
School District Leases Payable 629,761 59.18 372,693
Total Overlapping Debt 1,421,160,348 59,357,704
Total Direct and Overlapping Debt $1,465,793,305 $103,990,661
Source: Office of the Fiscal Officer,Cuyahoga County, Ohio
(1) Percentages were determined by dividing the assessed valuation of the overlapping government located
within the boundaries of the City by the total assessed valuation of the government. The valuations used
were far the 2022 collection year.
- S23 -
City of Brecksville,Ohio
Legal Debt Margin Information
Last Ten Years
2022 2021 2020 2019
Overall Debt Limitarion(10.5%of
Assessed Valuation) $82,288 $82,288 $71,616 $70,934
Net Debt Within 10.5%Limitations 32,184 30,701 31,342 22,983
Overall Legal Debt Margin Within 10.5%
Limitations $50,104 $51,587 $40,274 $47,951
Total net debt applicable to the limit
as a percentage of debt limit 39.11% 37.31% 43.76% 32.40%
Unvoted Debt Limitation(5.5%of
Assessed Valuarion $43,103 $43,103 $37,513 $37,156
Net Debt Within 5.5%Limitarions 32,184 30,701 31,342 22,983
Unvoted Legal Debt Margin Within
5.5%Limitations $10,919 $12,402 $6,171 $14,173
Total net debt applicable to the limit
as a percentage of debt limit 74.67% 71.23% 83.55% 61.86%
Amounts are expressed in thousands.
Legal Debt Margin Calculation for 2022
Overall Margin Unvoted Margin
Within 10.5% Within 5.5%
Assessed property value $783,700,560 $783,700,560
Overall Debt Limitation(percentage of assessed valuation) $82,288,559 $43,103,531
Gross Indebtedness 43,348,389 43,348,389
Less: Tax Increment Financing Revenue Bonds (9,705,000) (9,705,000)
Special Assessment Bonds (605,000) (605,000)
OPWC Loans (203,023) (203,023)
Leases (5,366) (5,366)
General Obligation Bond Retirement Fund Balance (645,306) (645,306)
Net Debt Within Limitarions $32,184,694 $32,184,694
Legal Debt Margin Within Limitations $50,103,865 $10,918,837
Note: Under State of Ohio finance law, the City of Brecksville's outstanding general obligation debt should not exceed
10.5 percent of total assessed property value. In addition, the outstanding general obligation debt net of voted debt
should not exceed 5.5 percent of total assessed property value. By law, the general obligation debt subject to the
limitation is offset by amounts set aside for repaying general obligation bonds.
- S24-
2018 2017 2016 2015 2014 2013
$70,480 $63,441 $62,805 $62,253 $62,761 $62,527
16,040 18,421 7,185 7,433 7,977 6,537
$54,440 $45,020 $55,620 $54,820 $54,784 $55,990
22.76% 29.04% 11.44% ll.94% 12.71% 10.45%
$36,918 $33,231 $32,898 $32,609 $32,875 $32,752
16,040 18,421 7,185 7,433 7,977 6,537
$20,878 $14,810 $25,713 $25,176 $24,898 $26,215
43.45% 55.43% 21.84% 22.79% 24.26% 19.96%
- 525 -
City of Brecksville,Ohio
Demographic and Economic Statistics
Last Ten Years
Median Per Unemployment Rate(2) City
Total Personal Family Capita Cuyahoga State of Square
Year Population(1) Income(1) Income(1) Income(1) County Ohio Miles(3)
2022 13,539 $778,465,422 $115,370 $57,498 3.5% 4.1% 19.58
2021 13,635 769,327,605 108,606 56,423 4.1 4.5 19.58
2020 13,537 819,149,114 108,606 56,423 6.8 5.5 19.57
2019 13,538 684,102,216 105,566 50,532 3.6 4.1 19.57
2018 13,522 695,057,844 101,060 51,402 5.0 4.6 19.57
2017 13,470 686,808,360 98,345 50,988 4.8 4.7 19.57
2016 13,440 702,293,760 100,589 52,254 5.3 4.9 19.57
2015 13,543 670,513,930 93,409 49,510 4.0 4.8 19.57
2014 13,568 566,818,000 95,470 41,776 5.3 4.7 19.57
2013 13,554 504,512,000 111,667 37,222 7.5 7.4 19.57
(1)U.S.Census Bureau
(2) Ohio Bureau of Employment Services; U.S. Department of Labor, Bureau of Labor Statistics; Unemployment rate
for the City is unavailable.
(3)Ciry Records
- S26 -
City of Brecksville,Ohio
Principal Employers
Current Year and Nine Years Ago
2022
Percentage
of Total City
Employer Nature of Activity Withholdings
CrossCountry Mortgage, LLC Financial Services 8.89 %
Lubrizol Corporation Chemical Technology 7.56
PNC Bank,National Association Banking Services 4.71
Applied Medical Technology,Incorporated Medical Equipment 3.24
Brecksville-Broadview Heights City School District Public Education 2.79
House of LaRose Beverage Distribution 2.65
NVR/Ryan Homes,Incorparated Construction 2.44
Curtiss-Wright Corporation Manufacturing 2.32
AT&T,Incorporated/Ohio Bell Telephone Company Communication Services 2.14
City of Brecksville Municipal Government 1.78
Total 38.52 %
2013
Percentage
of Total City
Employer Nature of Activity Withholdings
PNC Bank,National Association Banking Services 10.44 %
Lubrizol Corporation Chemical Technology 7.78
Ohio Bell Telephone Company Communication Services 4.31
AT&T,Incorporated Communicarion Services 2.75
Curtiss-Wright Corporation Manufacturing 2.75
NVR/Ryan Homes, Incorporated Construction 2.49
Clinical Specialties Healthcare 2.27
Brecksville-Broadview Heights City School District Public Education 2.26
CrossCountry Mortgage, LLC Financial Services 2.16
House of LaRose Beverage Distribution 2.06
Total 39.27 %
Source: Regional Income Tax Agency.
- S27 -
City of Brecksville, Ohio
Full-Time Equivalent City Government Employees by Function/Program
Last Ten Years
Function/Program 2022 2021 2020 2019
General Government
Council 4.5 4.5 4.5 4.5
Mayor 2.0 1.5 2.0 2.0
Finance 4.0 4.0 4.0 4.0
Income Tax N/A N/A N/A N/A
Purchasing 2.0 2.0 3.0 2.0
Legal 1.5 1.5 1.0 1.0
Mayar's Court 1.0 1.5 1.5 1.5
Technology 2.0 2.0 4.0 3.5
Engineering N/A N/A N/A 0.5
Administrative Support 1.0 1.0 1.0 1.0
Public Safety
Police 33.0 31.0 34.5 34.0
Fire 24.0 24.0 20.0 24.5
Recreational Activities
Community Center 56.0 51.0 24.0 49.5
Senior/Community Services 4.5 4.5 4.0 4.5
Street Construction,Maintenance and Repair
Service 46.0 46.5 49.5 54.5
Housing and Community Development
Building Inspection 8.0 6.5 6.0 7.0
Basic Utility Services
Housekeeping 12.0 ll.5 11.0 ll.5
Totals: 201.5 193.0 170.0 205.5
Method: Using 1.0 for each full-time employee and 0.50 for each part-time and seasonal employee as of
December 31.
Source: Finance Department
- S28 -
2018 2017 2016 2015 2014 2013
4.5 4.5 4.5 4.5 4.5 4.5
2.0 2.0 2.0 2.0 2.0 2.0
4.0 4.0 4.0 4.0 4.0 3.5
N/A N/A N/A N/A 0.5 0.5
2.0 2.0 2.0 2.0 2.0 2.0
1.0 1.0 1.5 1.5 1.5 1.5
1.5 1.5 1.5 1.5 1.5 1.5
3.5 3.0 3.0 3.0 3.0 3.0
0.5 0.0 1.0 1.0 1.0 1.0
1.0 3.0 2.0 2.0 1.5 1.5
40.0 41.0 41.5 41.5 42.5 41.5
23.0 26.0 26.0 28.5 27.0 28.0
40.0 31.0 49.0 34.5 36.5 37.5
4.5 5.0 4.5 5.0 5.5 5.0
52.0 42.5 43.0 46.0 44.0 46.0
6.5 6.5 6.5 7.0 6.5 6.0
9.5 10.5 10.5 11.0 11.5 11.5
195.5 183.5 202.5 195.0 195.0 196.5
- S29 -
City of Brecksville, Ohio
Capital Assets Statistics by Function/Program
Last Ten Years
Function/Program 2022 2021 2020 2019
General Government
Building Department Vehicles 5 3 3 4
Other Department Vehicles 4 4 4 4
Police
Stations 1 1 1 1
Square Footage of Building 28,817 28,817 6,577 6,577
Vehicles 23 23 23 23
Fire
Stations 1 1 1 1
Square Footage of Building 17,674 17,674 17,674 17,674
Vehicles 11 ll 11 11
Street Construction,Maintenance and Repair
Streets (lane miles) 191 191 191 191
Urban Forestry Vehicles 4 4 4 4
Other Public Services Vehicles 70 71 67 63
Recreational Activities
Recreation Center 1 1 1 1
Recreation Center Square Footage 75,044 65,000 65,000 65,000
Number of Parks 4 4 4 3
Number of Baseball Diamonds 7 7 7 7
Number of Playgrounds 4 4 4 4
Number of Tennis Courts 3 3 3 3
Number of Soccer Fields 5 5 5 5
Vehicles 2 2 2 4
Housing and Community Development
Human Services Center Square Footage 29,000 29,000 29,000 29,000
Vehicles 3 3 4 4
Source: Finance Department
- S30-
2018 2017 2016 2015 2014 2013
4 4 4 5 5 4
4 4 4 4 4 5
1 1 1 1 1 1
6,577 6,577 6,577 6,577 6,577 6,577
23 23 22 22 22 22
1 1 1 1 1 1
17,674 17,674 17,674 17,674 17,674 17,674
14 14 13 15 14 14
191 191 191 189 189 189
3 3 3 3 3 3
64 65 64 62 58 59
1 1 1 1 1 1
65,000 65,000 65,000 65,000 65,000 65,000
3 3 3 3 3 3
7 7 7 7 7 6
4 5 5 5 5 5
3 3 3 3 3 3
5 5 5 5 5 5
4 4 4 4 4 4
29,000 29,000 29,000 29,000 29,000 29,000
4 5 5 5 5 5
- S31 -
City of Brecksville,Ohio
Operating Indicators by FunctionlPr�ogram
Last Ten Years
Function/Program 2022 2021 2020 2019
Police:
Police Expenditures(in thousands) $5,042 $4,946 $4,862 $5,264
Total Arrests 1,374 1,259 991 2,185
Part One Offenses 46 22 60 60
OVI Arrests 40 22 32 22
Prisoners 47 76 68 182
Motor Vehicle Accidents 206 184 147 2ll
Calls for Service 12,523 12,180 10,710 15,861
Incidents per Citizen 1.0515 1.0079 0.8871 1.3693
CostperCitizen $372.41 $362.74 $359.16 $388.83
Fire:
Fire Expenditures(in thousands) $2,829 $2,742 $2,409 $2,637
Emergency Responses 1,729 1,729 1,484 1,605
Fire Safety Inspections 172 164 110 263
Fire Protection Systems Inspected 88 92 55 31
Building Fire Protection Plans Reviewed 9 8 4 11
Percentage of Business Inspected 30% 28% 21% 40%
Number of Community Programs 85 83 79 187
Emergency Reponses per Citizen 0.1277 0.1462 0.1221 014ll
Cost per Citizen $208.95 $201.10 $177.96 $194.79
Street Lights Expenditures(in thousands) $100 $103 $101 $102
Cost per Acre of Streetlights $8.00 $8.24 $8.08 $8.16
Public Health Services:
Health Department(in thousands) $82 $74 $74 $65
Health Cost per Citizen $6.06 $5.43 $5.47 $4.80
Recreational Activities:
Blossom Hill(in thousands) $289 $277 $263 $300
Community Center(in thousands) 2,332 1,987 1,554 1,884
Total Leisure Service Cost(in thousands) $2,621 $2,264 $1,817 $2,184
CostperCitizen $193.59 $166.04 $134.22 $161.32
Community Center Square Feet 75,044 65,000 65,000 65,000
Square Feet per Cirizen 5.54 4.77 4.80 4.80
Total Recreational Revenue(in thousands) $1,346 $956 $671 $1,041
Community Center Members 4,337 3,708 2,410 5,087
Total Participations 144,645 143,986 91,750 155,954
Fitness Class Participations 6,798 6,813 4,274 15,312
Participations per Citizen 10.68 10.56 6.78 11.52
CostperParticipation $18.12 $15.72 $19.80 $14.00
Revenue per Participation $931 $6.64 $731 $6.68
Housing and Community Development:
Human Services(in thousands) $841 $799 $749 $828
Cost per Citizen $62.12 $58.60 $5533 $6116
Human Services Square Feet 29,000 29,000 29,000 29,000
Square Feet per Member 16.96 18.13 17.58 16.83
Total Human Services Revenue(in thousands) $103 $90 $104 $78
Human Services Members 1,710 1,600 1,650 1,723
Total Participations 25,550 6,525 6,727 32,300
Participations per Citizen 1.89 0.48 0.50 239
Cost per Member $491.81 $49938 $453.94 $480.56
- S32 -
2018 2017 2016 2015 2014 2013
$5,242 $4,747 $4,218 $4,030 $4,065 $3,916
2,761 2,300 2,716 2,382 2,534 3,308
54 68 79 72 78 74
39 35 45 36 36 50
272 399 555 541 593 857
211 231 243 191 188 152
15,004 15,198 13,515 12,643 12,646 14,349
1.1096 1.3535 1.0056 0.9260 0.9260 1.0510
$387.66 $352.41 $313.84 $295.11 $297.67 $286.76
$2,600 $2,532 $2,432 $2,453 $2,385 $2,355
1,537 1,601 1,623 1,471 1,398 1,246
331 322 132 484 381 337
46 49 47 44 46 78
10 14 16 9 6 3
33% 32% 25% 44% 37% 33%
201 197 190 184 188 172
0.1137 0.1189 0.1208 0.1077 0.1024 0.0912
$192.28 $187.97 $180.95 $179.63 $174.65 $172.42
$103 $]04 $106 $109 $108 $129
$8.24 $830 $8.48 $8.72 $8.64 $10.28
$59 $54 $54 $54 $54 $52
$436 $4.01 $4.02 $3.95 $3.95 $3.84
$284 $281 $264 $285 $261 $279
1,931 1,907 1,845 1,811 1,931 2,054
$2,215 $2,188 $2,109 $2,096 $2,192 $2,333
$163.81 $162.44 $156.92 $153.49 $160.52 $170.89
65,000 65,000 65,000 65,000 65,000 65,000
4.81 4.83 4.84 4.76 4.76 4.76
$1,036 $1,035 $1,110 $933 $1,032 $977
5,689 5,721 5,669 5,814 5,979 6,200
171,844 175,130 172,277 171,917 173,042 173,308
16,817 17,067 18,833 18,602 16,534 22,603
12.71 13.00 12.82 12.59 12.67 12.69
$12.89 $10.89 $10.71 $10.53 $11.16 $11.85
$6.03 $5.91 $6.44 $5.43 $5.96 $5.64
$876 $905 $844 $805 $863 $838
$64.78 $6719 $63.00 $59.00 $63.00 $61.00
29,000 29,000 29,000 29,000 29,000 29,000
1730 21.53 21.48 27.08 19.89 2337
$104 $97 $116 $87 $93 $88
1,676 1,230 1,350 1,071 1,458 1,241
30,349 32,130 31,719 42,202 51,168 50,961
2.24 2.39 236 3.09 3.75 3.73
$522.67 $735.77 $625.19 $751.63 $591.91 $67533
(continued)
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City of Brecksville,Ohio
Operatinglndicators by FunctionlPr�ogram(continued)
Last Ten Years
Function/Program 2022 2021 2020 2019
Housing and Community Development:
Planning and Zoning(in thousands) $6 $6 $6 $3
Housing and Building Inspection(in thousands) $632 $545 $504 $582
Cost per Citizen $47.12 $40.41 $37.67 $43.21
Building Permits-Residential 939 980 984 891
Dollar Value of Permits(in thousands) $35,974 $28,462 $32,179 $23,405
Suilding Permits-Commercial 141 101 98 134
Dollar Value of Permits(in thousands) $128,241 $8,695 $56,306 $16,702
Engineering(in thousands) $126 $122 $156 $106
Engineering Reviews
New Topo Reviews 26 31 35 26
Revised Topo Reviews 17 29 28 16
Retaining Wall Reviews 6 3 6 5
Plat Reviews 10 7 7 5
Other Reviews 88 100 87 90
Builder Grades 32 49 39 48
Landscaping Grades 9 6 12 13
Total All Reviews 188 225 214 203
Number of Trees Planted 381 245 ll 5 177
Number of Trees Removed 211 96 114 104
Cemetery Internments 61 59 51 52
Grave Purchases/Interment Payments(in thousands) $21 $24 $23 $13
Street Construction,Maintenance and Repair:
StreetMaintenance(inthousands) $1,435 $1,382 $1,149 $1,294
Snow andIce Removal(in thousands) $207 $145 $156 $178
Streets(lane miles) 191 191 191 191
Cost per mile of street $8.60 $7.99 $6.83 $7.71
Feet of street per capita 74.49 73.96 69.46 74.49
Asphalt Usage(in tons) 6,550 7,284 5,418 4,892
Asphak Cost per ton $78.00 $65.00 $63.50 $63.50
Salt Usage(in tons) 8,750 6,800 6,100 8,265
Concrete Used(in cubic yards) 4,474 4,145 7,495 4,355
Brush/Grass/Yard Waste Collected(in cubic yard) 1,240 1,745 1,319 1,580
Leaves Collected(in cubic yards) 10,492 10,045 10,190 9,521
General Government:
Law(in thousands) $256 $259 $338 $248
Cost per budget dollar $0.0028 $0.0042 $0.0049 $0.0044
Finance(in thousands) $484 $473 $446 $443
Cost per budget dollar $0.0052 $0.0077 $0.0064 $0.0079
Purchasing(in thousands) $199 $266 $233 $212
Costperemployee $987.59 $1,378.24 $1,370.59 $1,031.63
Lands and Buildings(in thousands) $1,462 $1,398 $1,274 $1,166
Costpercitizen $107.98 $102.53 $94.11 $8613
Mayor's Office(in thousands) $270 $261 $227 $196
Council(in thousands) $271 $260 $258 $251
Source: Finance Deparhnent
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2018 2017 2016 2015 2014 2013
$4 $5 $7 $4 $7 $6
$560 $554 $528 $518 $471 $462
$41.71 $41.50 $40.00 $38.00 $35.00 $34.00
966 952 859 761 742 826
$27,773 $22,705 $22,412 $17,387 $12,356 $4,307
150 205 202 183 167 213
$8,794 $18,220 $8,932 $7,826 $12,140 $12,250
$102 $122 $104 $135 $138 $187
37 26 28 31 8 6
38 23 30 36 14 13
6 9 8 3 2 12
6 8 8 3 2 6
93 110 90 73 56 43
57 50 31 25 12 9
9 5 9 8 6 5
246 231 204 179 100 94
126 267 323 2ll 134 163
70 203 240 124 757 98
47 41 61 31 45 64
$21 $14 $24 $16 $19 $38
$1,207 $1,143 $1,074 $1,048 $923 $1,182
$130 $142 $149 $191 $240 $169
191 191 191 189 189 189
$632 $6.73 $6.40 $6.56 $615 $715
74.58 74.87 75.04 73.08 73.08 73.08
8,407 6,090 6,755 8,062 12,481 9,926
$60.00 $57.75 $54.75 $55.00 $55.00 $60.75
8,323 6,501 8,553 10,950 11,745 10,270
1,652 1,141 5,140 6,888 10,934 6,151
2,162 1,450 1,375 1,403 2,657 1,478
8,990 7,705 9,050 8,221 8,440 7,222
$292 $262 $256 $252 $251 $231
$0.0051 $0.0048 $0.0061 $0.0079 $0.0083 $0.0072
$424 $430 $411 $393 $352 $339
$0.0074 $0.0079 $0.0097 $0.0123 $0.0112 $0.0105
$212 $202 $196 $195 $177 $175
$1,084.40 $1,100.82 $967.90 $835.12 $758.03 $747.46
$1,045 $1,054 $1,187 $1,090 $818 $742
$77.28 $78.25 $88.32 $79.82 $59.90 $54.35
$227 $266 $257 $249 $237 $235
$254 $257 $260 $258 $249 $249
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