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Department / Program:Finance & Accounting Division <br /> <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 treasury <br />operations, debt management, and risk management activities. The Department’s activities are accounted <br />for in the General Fund. <br />2017Goals and Objectives <br />Continue implementingthe Finance& AccountingDivision’s 2016-2020Strategic Plan. <br />Update the Annual Work Plan. <br />Promote cost effective and quality service to external and internal customers through continuous <br />improvement. <br />Maintain an AAA bond rating from Moody’s and Standard & Poor’s. <br />Receive the GFOA’s Financial Reporting and Budget Presentation awards. <br />Financial Summary <br />20132014201520162017$ Increase% Increase <br />ActualActualActualBudgetBudget(Decrease)(Decrease) <br />Personal Services$550,636$566,029$557,495$616,115$620,615$4,5000.7% <br />Supplies & Materials2,4453,2082,8243,0003,000-0.0% <br />Other Services & Charges51,26558,27251,48065,79062,110(3,680)-5.6% <br />Capital Outlay------0.0% <br />Total$604,346$627,508$611,800$684,905$685,725$8200.1% <br />FTE's5.905.905.905.905.55 <br />2017Budget Impact Items <br />Personal Services increase include a 2.0% cost-of-living increase for City Staff and wage-step <br />increases for eligible employees.0.35 FTE’s were reallocated to the Water Fund to more accurately <br />reflect the staffing resources associated with that function. <br />2015/2016Achievements <br />Maintained a AAA bond rating from Moody’s and Standard & Poor’s. <br />Received the Award for Excellence in Financial Reporting for the 36thconsecutive year. <br />Received the Distinguished Budget Presentation Award for the 17thconsecutive year. <br />Processed 7,542 vendor payments, 8,448 payroll payments, 41,500 utility bills, and 43,210 cash <br />receipts. <br />36 <br /> <br />