2016 Approved Budget and CIP - Laserfiche WebLink

Home

Department / Program:Finance & Accounting Division Organizational Responsibility: Finance Director Department Description The Finance Department provides for the financialoperations 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. 2016Goals and Objectives Implementthe Finance& AccountingDivision’s 2016-2020Strategic Plan. Update the Annual Work Plan. Update the 20-Year Capital Improvement Plan and 10-Year Financial Plan. Maintain an AAA bond rating from Moody’s and Standard & Poor’s. Receive the GFOA’s Financial Reporting and Budget Presentation awards. Consider refiningestablished performance measures, benchmarks, and standards. Financial Summary 20122013201420152016$ Increase% Increase ActualActualActualBudgetBudget(Decrease)(Decrease) Personal Services$531,969 $550,636$566,029$602,430$616,115$13,6852.3% Supplies & Materials2,3152,4453,2082,8903,0001103.8% Other Services & Charges21,56651,26558,27258,63065,7907,16012.2% Capital Outlay------0.0% Total$555,850$604,346$627,508$663,950$684,905$20,9553.2% FTE's5.905.905.905.905.90 2016Budget Impact Items Personnel increases include a 2.0% cost-of-living increase for City Staff and wage-step increases for eligible employees. Other services and charges increased forrecording services for Finance Advisory Commission meeting minutes and a bond rating assessment to be performed by an independent consultant. 2014/2015Achievements Maintained a AAA bond rating from Moody’s and Standard & Poor’s. Received the Award for Excellence in Financial Reporting for the 35thconsecutive year. Received the Distinguished Budget Presentation Award for the 16thconsecutive year. Updated the citywide 20-Year Capital Improvement Plan (CIP)and 10-Year Financial Plan. 37