Agenda Packets - 1996/12/02 - Laserfiche WebLink

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XI. FINANCE A. PUBLIC SERVICE PROGRAM Financial Services Program Function and Service Standards Financial Services consist of the following programs: Annual Finance Report and Audit: This program provides for the production of the City's Comprehensive Annual Financial Report and conducting an annual audit of the City's Financial records. Budgeting: The purpose of this program is to provide for the preparation of the Long Term Financial Plan and the Annual Operating Budget and their monitoring upon adoption by the City Council. Accounting and Payroll Services: The purpose of this program is to provide accounting and payroll services to the Council and City employees. Financial Services: The purpose of this program is to provide various types of financial services to the City, City Council, City Administrator, and Department Heads. PROGRAM OBJECTIVES ARE TO: • Oversee the financial planning activities of the City; • Coordinate the preparation of the Long Term Financial Plan; • Direct and coordinate preparation of the annual budget with close involvement and input from Department Heads and the Clerk-Administrator; • Perform all City accounting and financial reporting activities, to include: Prepare and control accounts payable, Receive and manage all municipal revenues, Prepare and control payroll, and Utility billing preparation and collection; • Prepare monthly financial reports, the annual financial statements, and assist auditors in conducting the annual audit of City financial records; • Invest temporarily idle City funds to maximize return on available resources, as permitted by law;