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DEPARTMENTAL BUDGET NARRATIVE <br /> FUND: General <br /> DEPARTMENT: Finance <br /> DEPARTMENT OBJECTIVE <br /> To provide financial planning, financial reporting and accounting services to the City <br /> Council, Clerk-Administrator and Department Heads. <br /> DEPARTMENT ACTIVITIES <br /> The Finance Department oversees and coordinates the financial activities of the <br /> City. Activities include: preparation of the Long-Term Financial Plan and Annual <br /> Budget; preparation of monthly and annual financial reports, accounting services, <br /> investments, management of insurance programs, debt management, and oversees <br /> the City's general purchasing program. <br /> DEPARTMENT GOALS <br /> The overall goal of the Finance Department is to efficiently collect and receipt <br /> monies due to the City, to promptly pay the City's obligations, to inform the Council <br /> and residents of the results of those financial activities through the preparation of <br /> timely and accurate financial reports, and to assist the City Council and City Staff in <br /> financial planning. <br /> DEPARTMENT EXPENDITURE COMMENTS <br /> Personne services cos . % • I ' - - - <br /> Budget. Staffing levels remain unchanged from the previous year. Staff consists of <br /> the Finance Director, an Accountant, Utility Accounting Clerk (paid from the Water <br /> and Sewer Funds), and an Accounting Clerk (paid from: Finance Department 50%; <br /> Water Fund 25% and Sewer Fund 25%). <br /> The remainder of the Finance Department is for printing of checks, forms, budget <br /> books, auditing services and training. <br /> 1 _ <br />