Chief Financial Officer: David Sireci CPA,CMFO,CTC

Municipal Offices are Located at 320 Boulevard

Office Hours:

Monday - Friday 9:00 a.m. to 4:30 p.m.

Memorial Day - Labor Day Monday - Friday 8:00 a.m. to 3:30 p.m.

201-288-5637 phone

201-288-6408 fax

David is a 29-year resident of the Borough, moving here from his hometown of Lodi when he got married in 1994 to his wife Kathy, also a Lodi native. They have two sons, Nicholas age 25 and Matthew age 21.

David’s career began in 1988 as an auditor with Price Waterhouse, and, after passing the CPA exam, he spent the next 15 years in private industry as a Controller & VP of Finance specializing in companies in the electronics, luxury goods and fine jewelry industries. He then switched careers, and for the next 13 years was Municipal Audit Manager for a local public accounting firm.

Wanting to expand his career further into municipal accounting, David pursued, and became licensed as a Certified Municipal Finance Officer (CMFO) and a Certified Tax Collector (CTC). He then left the accounting firm to work for the Borough of Hillsdale as its CFO and Tax Collector, leaving there to pursue an opportunity closer to home here in Hasbrouck Heights made available by the retirement of our long time CFO – Michael Kronyak.

Over the years David has been involved in many organizations, having volunteered as an assistant coach for the Hasbrouck Heights Little League Association, was Treasurer of the Project Graduation Committee for HHHS class of 2019 and previously served as a member of the Hasbrouck Heights Office of Emergency Management. David also continues to serve the Borough of Lodi as an Assistant Co-Ordinator for the Lodi Office of Emergency Management, an officer in Lodi Moose Lodge #1971, and works each year as a booth captain at the Saint Joseph Church Festival in Lodi.

David is excited to serve the taxpayers, governing body and fellow residents of the Borough and enjoys working with all its hard-working and dedicated staff.

The position of Chief Financial Officer is created by state statute which requires that the governing body of every municipality in New Jersey appoint a CFO. David Sireci was appointed to this position December 15, 2020.

The CFO is responsible for the proper financial administration of the Borough. His duties include management and supervision of the Finance Department including budget expenditures and payroll. Also, he is responsible for the preparation of the annual budget and all financial statements as well as debt statements, management of debt and investments, coordination of grant applications, supervision of purchasing and accounting controls within all departments of the Borough.

The CFO meets regularly with the Finance Committee to prepare the annual budget and to address the many financial issues confronted by local government. The Committee begins meeting weekly in the fall to prepare the budget for the next fiscal year. The process starts with budget request sheets being distributed to department heads by the CFO who compiles this information along with cost estimates for other line items such as health insurance, pension and salaries, sewer service charges, garbage dumping fees and the many other expenses that must be included in the budget.

The Finance Committee must present a budget that complies with two Cap calculations, the Budget Cap, and the Levy Cap. The Budget Cap limits the amount of increase which is allowable for the portion of the budget that is designated to be within the “Cap.” We are also subject to the 2% Levy Cap. This is a much more detailed calculation which limits the amount the Local Tax Levy can increase inclusive of the exceptions to the cap restrictions.

Some of the other issues addressed by the CFO and the Finance Committee may not be as visible as the budget or a street project but are very important. There are many rules and regulations that need to be adhered to with new requirements being added regularly.