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I <br /> future needs. Our goal is provide you with information that will enable a comprehensive look at <br /> • existing and future operating and capital needs, existing reserves, and future revenue sources to <br /> insure the long term financial health of the City of Mounds View. <br /> We have prepared the budget documents using the same programs as in the past. In the next <br /> several months, we will be restructuring the accounting system for the new accounting software. <br /> The restructuring should improve our ability to prepare required State and other external <br /> reporting requirements. As part of this restructuring, we would also like you to consider <br /> consolidating some funds and programs. For example, within the general fund, is the finance <br /> department, which is presently comprised of four programs: Financial Reporting, Payroll & <br /> • Accounting, Budgeting, and Financial Services. Most of these programs have one or two direct <br /> costs such as the cost of the annual audit or printing of budget documents, however, most of the <br /> other costs have been assigned based upon an arbitrary allocation of costs. From my perspective, <br /> combining the four programs into one would improve the ability to manage and control costs, <br /> simplify the budgeting and reporting process, etc. Also, with the new accounting system, we <br /> should be able to assign program codes to payroll, so that periodically, we could provide <br /> information relating to the direct cost associated with the existing or future programs. Additional <br /> information will be presented on this issue in the future. <br /> If you have any questions, please feel free to contact me at your convenience. <br /> III <br /> III <br />