2006 Approved Budget - Laserfiche WebLink

Home

City of Roseville — 2006 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 2006 Goals and Objectives • Continue review feasibility and potential benefits of multi -year budgeting • Research and design a sustainable asset replacement program • Research and design performance measures, benchmarks, and standards • Explore partnership opportunities with area cities for Finance /Risk Management functions • Develop a 5 -year strategic plan for the Finance Division Budget Category 2003 Actual 2004 Actual 2005 Budget 2006 Budget $Increase (decrease) % Incr. (decr.) Personnel Services $ 354,277 $ 357,342 $ 36100 $4179100 $ 55,300 15.3 °/ Supplies &Materials 3,485 3,459 3,700 3,700 - 0.00N Other Services &Charges 30,336 28,199 29,065 30,765 1,700 5.80N Capital Outlay - - - - - - °/ Total $ 388,098 $ 38900 $ 394,565 $45195651 $ 5700 14.4% Full -Time Equivalent Positions 1 6.01 5.01 5.01 5.51 2006 Budget Impact Items • Personnel costs include 3.0% COLA on wages, along with planned wage step increases, as well as a 0.5 FTE transfer from the Lawful Gambling Fund • Increase in `Other Services & Charges' due to added training monies 2004/2005 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 2003 2004 2005 2006 Human Resource Allocation Actual Actual Budget Budget Full -Time Equivalent Positions 1 6.01 5.01 5.01 5.51 2006 Budget Impact Items • Personnel costs include 3.0% COLA on wages, along with planned wage step increases, as well as a 0.5 FTE transfer from the Lawful Gambling Fund • Increase in `Other Services & Charges' due to added training monies 2004/2005 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