Annual_Budget_1989_001 - Laserfiche WebLink

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FUND General OBJ-DESCRIPTION ANNUAL BUDGET Finance EXPENDITURES 198� ACTUAL PERSONAL SERVICES 164,127 SUPPLIES — MISC. SERVS. & CHGS. TOTAL 32,605 CAPITAL OUTLAY TOTAL 196,732 ' Subprogram: Financial Administration ACCT. NO. 10-04 1988 1989 1989 BUDGET RECMD ADOPTED 164,509 224,137 26,525 13,820 370 191,034 238,327 224,137 13,820 370 238,327 Objective: 1. To provide an effective system for processing and maintain- ing financial transactions, and providing financial reporting and analysis which meets all requirements of the law and generally accepted financial principles. Activity: 1. Accounting System - To receive and disburse monies, and pro- vide for the complete accounting functions including report- ing, fiscal control, and budgetary operations. 2 3 4 Cash Management - To manage all available funds in a manner that will ensure the highest possible return on idle funds, and yet provide for the highest level of safety. Proprietary - To issue all business licenses in a competent manner, and in accordance with the City Code. Insurance - To administer the City's general insurance proqram, workers' compensation plan, and employee benefits program in a cost effective and efficient manner. 5. Debt Management - To plan and manage the debt program of the City in accordance with all laws, City policy, and in a manner that is prudent. Expenditure Comments: 1. Personal Services has increased due to the transfer of the Receptionist to Finance from Central Services, and to Compar- able Worth salary adjustments. 2. Miscellaneous Services and Charges has increased due to the first-time cost of software support for the in-house Finance and Accounting computer system. This cost of $6,500 compares to $26,000 £or the LOGIS Service Bureau System in 198'7. The new system was under warranty in 1988. 5