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Earl Cabbell named interim Chief Financial Officer
June 8, 1998




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Press release Résumé

Government of the District of Columbia

Monday, June 8, 1998
CONTACT: Linda Wharton Boyd

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 District’s 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 Maryland’s 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 Cabbell’s resume is attached.

Office of Communications
Judiciary Square
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 York University

1973 BS, Accounting — New York University

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 Present

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 City’s internal control structure.

CITY OF DETROIT, Detroit, Michigan — 1994 to 1996

Deputy Director of Finance/Chief Accounting Officer

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 City’s 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 organization's mission.
  • 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

Senior Accountant
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

Senior Auditor


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

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