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City of Roseville — 2008 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 2008 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 • Revise the Finance Division's 5 -year strategic plan Budget Category 2005 Actual 2006 Actual 2007 Budget 2008 Budget S Increase (decrease) % Incr (deer. Personnel Services $ 379,357 $ 419,955 $ 44400 $4749000 $ 3000 6.8% Supplies & Materials 2,495 2,036 2,700 2700 - 0.0% Other Services & Charges 25,618 30,793 3200 339830 1,830 5.7% Capital Outlay - - - _ - - % Total $ 407,470 $ 452,784 $ 478,700 $ 5109530 $ 31,830 6.6% Human Resource Allocation 2005 Actual 2006 Actual 2007 Budget 2008 Budget Full -Time Equivalent Positions 5.0 5.5 5.5 5.5 2008 Budget Impact Items • Personnel costs include 3.5% COLA on wages, and a 10% increase in health/dental premiums 2006/2007 Achievements • Received the Award for Excellence in Financial Reporting for the 26th consecutive year • Received the Distinguished Budget Presentation Award for the 9th consecutive year • Developed a departmental employee training program to identify core competencies needed to successfully perform all departmental functions 37