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City of Roseville — 2007 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 2007 Goals and Objectives • Continue review feasibility and potential benefits of multi -year and /or outcome -based budgeting • 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 2004 Actual 2005 Actual 2006 Budget 2007 Budget $Increase (decrease) % Incr. (decr.) Personnel Services $ 357,342 $ 379,357 $ 417,100 $4449000 $ 26,900 6.40N Supplies &Materials 3,459 2,495 3,700 2700 (1,000) (27.0)0/( Other Services &Charges 28,199 25,618 30,765 32,000 1,235 4.0% Capital Outlay - - - - - - % Total 1 $ 389,000 $ 407,470 $ 451,565 $47897001 $ 27J351 6.0 °/ Human Resource Allocation 2004 Actual 2005 Actual 2006 Budget 2007 Budget Full-Time Equivalent Positions 5.0 5.01 5.51 5.5 2007 Budget Impact Items • Personnel costs include 3.0% COLA on wages, and a 10% increase in health/dental premiums • Increase in `Other Services & Charges' due to added computer and software replacements 2005/2006 Achievements • Received the Award for Excellence in Financial Reporting for the 25th consecutive year • Received the Distinguished Budget Presentation Award for the 8th consecutive year • Streamlined operations and reduced staffing which generated over $65,000 in annual savings 35