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City of Roseville — 2005 Budget Department /Program: Finance Department Organizational Responsibility: Finance Director Department Description The Finance Department provides for the financial operations of the City and is responsible for all treasury operations, debt management, and risk management activities. The Department's activities are accounted for in the General Fund 2005 Goals and Objectives • Review citywide purchasing strategies, to determine whether potential savings exists. • Continue review feasibility and potential benefits of multi -year budgeting. • Develop a 5 -year strategic plan for the Finance Division. • Conduct a cash reserve -level study. • Consider the feasibility of implementing e- government solutions for the issuance of business licenses and utility billing statements. Budget Category 2002 Actual 2003 Actual 2004 Budget 2005 Budget S Increase (decrease) % Incr. (decr.) Personnel Services $ 358,120 $ 354,277 $ 34500 $3619800 $ 1600 4.9% Supplies & Materials 7,560 3,485 4,500 39700 (800) (17.8)% Other Services & Charges 25,569 30,336 28,125 299065 940 3.3 % Capital Outlay - - - _ - - % Total j $ 3 91 ,249 $ 388,098 $ 377,625 $3949565, $ 16,940 4.5 Human Resource Allocation 2002 Actual 2003 Actual 2004 Budget 2005 Budget Full -Time Equivalent Positions 6 6 5 5 2005 Budget Impact Items • Personnel costs include 2.0% COLA on wages, and a 6% increase in health/dental premiums. 2003/2004 Achievements • Received the Award for Excellence in Financial Reporting for the 24th consecutive year. • Received the Distinguished Budget Presentation Award for the 7th consecutive year. • Streamlined operations and reduced staffing which generated over $65,000 in annual savings. 35