the District of Columbia
|FOR IMMEDIATE RELEASE
Monday, June 8, 1998
MAYOR BARRY NAMES INTERIM CHIEF FINANCIAL
Earl Cabbell Chosen To Lead Finance Office
Mayor Marion Barry, Jr., today named Earl
C. Cabbell as Interim Chief Financial Officer for the District of Columbia. Mr. Cabbell,
who currently serves as the Deputy Chief Financial Officer, will fill the vacancy left by
the departure of former Chief Financial Officer Anthony Williams.
Earl Cabbell is a competent,
hard-working member of the Districts financial team, said Mayor Barry.
In the past two years, he has successfully handled the challenge of helping to bring
the District financial stability. I am assured his appointment as Interim Chief Financial
Officer for the District will serve the people of this city well.
Earl C. Cabbell, CPA, has served as Deputy
Chief Financial Officer for Financial Operations and Systems since 1996. He was previously
the Deputy Director of Finance/Chief Accounting Officer for the city of Detroit. He has
also served as Director of Finance for the state of Marylands Department of
Transportation, a position he assume[d] in 1992 after serving as the Accounting Systems
Director for the city of Baltimore.
Before entering public service, Mr.
Cabbell worked for Coca-Cola Enterprises, Inc., as the Director of Accounting for the
Northeast Region, from 1981 to 1990. From 1977 to 1981, Mr. Cabbell was the senior
accountant for the Celanese Corporation in New York, New York.
A copy of Earl Cabbells resume is
Office of Communications
441 Fourth Street, Suite 1100
Washington, D.C. 20001
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3831 Rodman Street, N.W
Washington, D.C. 20016
Over 20-year finance and accounting career
with professional qualifications in strategic planning, accounting, budgeting, and
financial management. Proven track record of success in team building, personnel
management, and productivity/quality improvement. Consistent progression and achievement
throughout educational and professional careers.
Professional & Academic Credentials
1985 Certified Public Accountant
1975 BA, Taxation and Finance New
1973 BS, Accounting New York
1971 AS, Business Administration
Borough of Manhattan Community College
Graduated with honors and received the Marlin B. Dworkis Memorial Scholarship. awarded
to the athlete with the highest academic average. Inducted into the College Hall of Fame.
Volunteer Accounting Tutor.
GOVERNMENT OF THE DISTRICT OF
COLUMBIA, Office of the Chief Financial Officer, Washington, D.C. 1996 to
Deputy Chief Financial Officer for
Financial Operations and Systems
Serves as Controller for the District of
Columbia. Responsible for the issuance of accounting policies and practices,
administration of the City's pay and retirement systems, maintenance of financial records,
and preparation of the Comprehensive Annual Financial Report.
- Obtained unqualified audit opinion
on the FY 1997 Comprehensive Annual Financial Report; the first clean opinion
in two years.
- Established new operational units in the
areas of Internal Control Review, Policy and Procedures, and Accounts Payable to improve
expenditure compliance and standardize best accounting and business practices.
- Implemented the first Shared Service
Financial Center for 21 small City agencies for one-stop budgeting, accounting
and other financial services.
- Led the effort to produce a needs
assessment for the development of a new Financial Management System.
- Created an oversight committee to
strengthen the Citys internal control structure.
CITY OF DETROIT, Detroit, Michigan
1994 to 1996
Deputy Director of Finance/Chief
Hired as Chief Accounting Officer,
promoted to Deputy Director of Finance with Chief Accounting Officer responsibilities.
Upon City Treasurer's retirement, took on responsibilities of all 3 positions for 13
months. Oversaw the daily operations of Accounting and Purchasing divisions including the
direction of 130 professional, management, and support personnel. Developed and
implemented financial policies and procedures.
- Achieved the first unqualified audit
opinion of the Comprehensive Annual Financial Report in the Citys history.
- Shortened the year end closing and
Comprehensive Annual Financial Report preparations by 3½ months.
- Developed quarterly budget review process
for the Financial Department resulting in increased control over expenditures.
- Served as Ex-Officio Trustee for the
General Retirement, and Police and Fire Retirement Boards.
STATE OF MARYLAND, Department of
Transportation, Maryland 1992 to 1994
Director of Finance
Recruited to this high-profile position
with complete responsibility for 6 year financial plan and annual budget, accounting, cash
management and debt financing policies.
- Developed budget review process resulting
in funds allocated to high performance operating programs instrumental in meeting
- Improved communications/relationships
between operating agencies and headquarters.
- Shortened the year end closing and
Comprehensive Annual Financial Report preparation by 1½ months.
CITY OF BALTIMORE, Department of Finance, Baltimore, Maryland 1990 to 1992
Accounting Systems Director
Recruited by Board of Finance member and
subsequently hired to direct and control all accounting activities and systems for the
City. Prepared the Comprehensive Annual Financial Report and assisted in preparation of
the City's Official Statements for bond sales. Coordinated with the Budget Bureau in
projecting funding and spending levels.
- Orchestrated the consolidation of two
Finance Department Bureaus (Payroll and Disbursements and Accounting Operations)
effectively streamlining operations.
- Launched a monthly reporting process which
assisted the Budget Bureau in implementing monthly budget reviews.
COCA-COLA ENTERPRISES, INC.,
Columbia, Maryland 1981 to 1990
Director of Accounting, Northeast Region
One of a select group of finance personnel
to remain in position during the 1986 merger between previous employer, Mid-Atlantic
Coca-Cola Bottling Co and Coca-Cola Enterprises, Inc. Directed financial reporting,
planning and analysis, general and cost accounting, and tax compliance for the region
generating $1.6 billion in annual sales.
- Directed and coordinated the consolidation
of five regional accounting departments into one divisional department resulting in a 20%
reduction in operating costs while increasing effectiveness.
- Implemented a corporate general ledger and
accounts payable systems which improved the availability and reliability of financial
data, provided more accurate cash flow projections, and increased operations control.
CELANESE CORPORATION, New York,
New York 1977 to 1981
Accounting Supervisor/Senior Financial Analyst
- Responsible for preparing annual operating
budget and monthly forecasts for Plastics and Specialties Division. Conducted studies on
the cost impact of capital proposals. Prepared SEC 1OK, 1OQ, and 8K reports.
PEAT, MARWICK, MITCHELL & CO.,
New York, New York 1975 to 1977
Staff Sergeant UNITED STATES AIR
FORCE, 1965 TO 1969
Served 12 month tour of duty in Republic of South Vietnam.
Awarded the Bronze Star Medal