Finance is responsible for financial accounting and reporting, treasury management, assisting with budget preparation, preparing the Comprehensive Annual Financial Report, administering processing and preparation of the City's payroll and payments to City vendors.
Financial accounting and reporting:
Administer the City's financial accounting system to account for all revenues and disbursements related to City operations. Maintain a system to monitor, control and report all activity to ensure financial integrity is not compromised. Provide the City Council and City Manager with the necessary resources to make sound financial decisions.
Administer the City investment program while maintaining safety of investments, liquidity to meet cash requirements and obtaining the highest return on investments in accordance with City Council policy.
Budget: Assist the City Manager in preparation of the City annual operating and capital improvement budget, which includes conducting public hearings on budgeted issues and holding departmental budget hearings. Provide monthly review and analysis of budget to actual revenues and expenditures to monitor that the City is complying with the adopted budget.
Annual audit and Comprehensive Annual Financial Report (CAFR):
Coordinate preparation of the annual audit with the City's external auditors.
The City prepares and submits its CAFR to the Government Finance Officers Association for consideration of a Certificate of Achievement. To receive the Certificate of Achievement a government must publish an easily readable and efficiently organized comprehensive annual financial report whose contents conform to program standard. It must also satisfy both generally accepted accounting principals and applicable legal requirements.
Administer processing and preparation of the City payroll and ensure appropriate filing of federal and state reports, including all W-2 salary and tax information.
- Vendor payments:
Process approved invoices to ensure timely and accurate payments to vendors providing City supplies and services.