John M. Baranek, Finance Director
Former corporate controller and corporate accountant.
B.B. A., Accounting (1977), St. Edward’s University
M.B.A., Business Administration (1979), St. Edward’s University
Certified Public Accountant (CPA), State of Ohio.
John and his wife Anne, have three children and have been residents of Stow since 1988.
10/15: Finance Director Announces Expenditures Online With OhioCheckbook.com
Finance Director John Baranek announces that the City of Stow’s expenditures for 2013, 2014 and the current year are available online on the Treasurer of Ohio’s website. These expenditures can be accessed by using the links below.
Stow Finance Department Receives Prestigious State Auditor’s Award
City of Stow Finance Director John Baranek and the Stow Finance Department recently received the “Ohio Auditor of State Award with Distinction” from Ohio State Auditor Dave Yost. The prestigious award represents recognition for excellence in financial reporting as demonstrated by the City’s Comprehensive Annual Financial Report and also for the quality of the City’s most recent audit as conducted by the State Auditor’s Office.
The award was presented to Mr. Baranek and his Finance Department staff at a ceremony held in the City Council Chambers of Stow City Hall on February 13th.
The City’s excellent record keeping and exemplary financial reporting earned the Finance Director and his staff this award, according to Auditor Yost. He stated that “taxpayers expect accurate financial records to be kept by their local governments. The City of Stow’s dedication to accountability is evident, and I am proud to present this award to Mr. Baranek and the Stow Finance Department employees.”
The Auditor of State Award with Distinction is presented to only about 7 percent of local governments and school districts upon the completion of their financial audits each year. Entities that receive the award meet the criteria of a “clean” audit report which includes the timely filing of the Comprehensive Annual Financial Report with the Auditor of State’s office.
Mr. Baranek was very pleased to receive the State Auditor’s Award and stated that, “the credit goes to our dedicated Finance Department employees who take enormous pride in capably and honorably serving the public and the taxpayers of Stow every day.
Mr. Baranek, who is elected to his position by the voters of Stow, has been the City’s Finance Director for eighteen years. He has been awarded a “Certificate of Achievement” from the national Government Finance Officers Association for “Excellence in Financial Reporting” for each of the past thirteen years. He has also received the “Auditor of State’s Award” for his commitment to excellence in financial reporting on four other occasions.
City Credit Rating
As reaffirmed in June 2015, the City has maintained it Aa2 high quality credit rating with Moody’s Investors Service.
Finance Department Responsibilities
The duties and responsibilities of the Director of Finance are set forth in the Stow City Charter. The Director of Finance is charged with the administration of all fiscal affairs of the City of Stow. In doing so, the Director must maintain the accounting procedures necessary for keeping the complete financial records of assets and liabilities, receipts and disbursements, and property of the City.
The Director of Finance is to receive, and be accountable for, all funds belonging to the City of Stow. Also, no obligation can be incurred or expenditure made unless the Director approves and certifies that the funds have been appropriated and are available in the City treasury. Overall, the Director of Finance is responsible for maintaining the City of Stow’s financial integrity and fiscal well-being.