Laserfiche WebLink
City of Roseville — 2015 Budget <br />Department / Program: Finance Division <br />Organizational Responsibility: Finance Director <br />Department Description <br />The Finance Department provides for the financial operations of the City and is responsible for all <br />treasury operations, debt management, and risk management activities. The Department's activities are <br />accounted for in the General Fund. <br />2015 Goals and Objectives <br />• Update the Finance Division's Strategic Plan. <br />• Update the Annual Work Plan. <br />• Continue refining the City's budget process. <br />• Consider refining established performance measures, benchmarks, and standards. <br />• Update the 10-Year Financial Plan and 20-Year Capital Improvement Plan. <br />Financial Summary <br />2011 2012 2013 <br />Actual Actual Actual <br />Personal Services $508,716 $531,969 $550,636 <br />Supplies & Materials 938 2,315 2,445 <br />Other Services & Charges 61,690 21,566 51,265 <br />CapitalOutlay - - - <br />Total $571,344 $555,850 $604,346 <br />FTE's 5.90 5.90 5.90 <br />2014 2015 $ Increase <br />Bn et Bu at (Daorease) <br />$ 582,915 $ 602,430 $ 19,515 <br />2,890 2,890 - <br />55,820 58,630 2,810 <br />$ 64 ] ,625 $ 663,950 $ 22,325 <br />5.90 5.90 <br />% Increase <br />(Decreasa) <br />33% <br />0.0% <br />5.0% <br />0.0% <br />3.5% <br />2015 Budget Impact Items <br />• Personnel increases include a 1.4% cost-of-living increase for City Staff and wage-step increases <br />for eligible employees. <br />• Other services and charges increased for Finance Commission minutes recording services. <br />2013/2014 Achievements <br />• Received a AAA bond rating from Moody's and Standard & Poor's. <br />• Received the Award for Excellence in Financial Reporting for the 34th consecutive year. <br />• Received the Distinguished Budget Presentation Award for the 15th consecutive year. <br />• Updated the citywide 20-Year Capital Improvement Plan (CIP) and 10-Year Financial Plan. <br />36 <br />