Laserfiche WebLink
Department / Program:Finance& AccountingDivision <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 />2018Goals 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 />20142015201620172018$ Increase% Increase <br />ActualActualActualBudgetBudget(Decrease)(Decrease) <br />Personnel Services$566,029$557,495$589,419$620,615$626,475$5,8600.9% <br />Supplies & Materials3,2082,8243,7543,0003,000-0.0% <br />Other Services & Charges58,27251,48055,97262,11062,2501400.2% <br />Capital Outlay------0.0% <br />Total$627,508$611,800$649,145$685,725$691,725$6,0000.9% <br />FTE's5.905.905.905.555.55 <br />2018Budget Impact Items <br />Personal Services increase include a 2.25% cost-of-living increase for city staff and wage-step <br />increases for eligible employees. <br />2016/2017Achievements <br />Maintained a AAA bond rating from Moody’s and Standard & Poor’s. <br />Received the Award for Excellence in Financial Reporting for the 37thconsecutive year. <br />Received the Distinguished Budget Presentation Award for the 18thconsecutive year. <br />Processed 7,542 vendor payments, 8,448 payroll payments, 41,500 utility bills, and 43,210 cash <br />receipts. <br />35 <br /> <br />