Agenda Packets - 1993/11/01 - Laserfiche WebLink

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DEPARTMENTAL BUDGET NARRATIVE • FUND: General. DEPARTMENT: Finance DEPARTMENT OBJECTIVE To provide financial planning, financial reporting and accounting services to the City Council, Clerk-Administrator and Department Heads. • DEPARTMENT ACTIVITIES The Finance Department oversees and coordinates the financial activities of the City. Activities include: preparation of the Long-Term Financial Plan and Annual Budget; preparation of monthly and annual financial reports, accounting services, investments, management of insurance programs, debt management, and oversees the City's general purchasing program. DEPARTMENT GOALS The overall goal of the Finance Department is to efficiently collect and receipt • monies due to the City, to promptly pay the City's obligations, to inform the Council and residents of the results of those financial activities through the preparation of timely and accurate financial reports, and to assist the City Council and City Staff in financial planning DEPARTMENT EXPENDITURE COMM TTS Personnel services costs account for approximately 85% of the Finance Department Budget. Staffing levels remain unchanged from the previous year. Staff consists of the Finance Director, an Accountant, Utility Accounting Clerk (paid from the Water and Sewer Funds),andanAccounting Clerk (paid from: Finance Department 50%; Water Fund 25O10 and Sewer Fund 25%). The remainder of the budget is for printing of checks, forms, budget books, auditing services and training. Professional services has increased $950 to cover increased costs of the annual audit. Printing has been decreased by $1,147 due to having budget books photocopied instead of being printed. Memberships has been. increased $1,110 because the City's membership in. the Computoservice, Inc. Users Group is now budgeted in the Finance Department rather than in Central Services as it had been in the past. •