Laserfiche WebLink
Long -Term Financial Plan <br />Page Six <br />l reports, the annual <br />3. Prepare monthly financia <br />financial statements, and assist auditors in the <br />conduct of their annual audit of City financial <br />records. <br />funds to maximize <br />4 Invest t <br />City <br />return onmpotatily availableidle resources. <br />5. Manage the City's insurance programs and evaluate <br />and recommend modificat+ons to ensure maximum <br />protection at minimum cost. <br />6. Oversee debt management program of the City. <br />7, oversee the City's general purchasing program. <br />In recent years external faonsibilhave <br />tiesaofethe Finance tiza- <br />tion of the duties and resp the economy and <br />Department • Economic considerations, brought about an increasing <br />State's "fiscal rrisis", New, generally -accepted <br />emphasis upon financial reporting requirements mandated by <br />accounting standards and rep 9 promote <br />by the State of Minnesota, have and will continue ce p. -s <br />agencies, the <br />greater disclosure and understanding of City finances y <br />bond rating <br />ublicrvandsothertreaders e and eofrCityal gfinanciai <br />general p <br />statements. Economic conditions have precipitate <br />cities to maintain <br />reductions in the amounts of Federal and State Aids to <br />cities. Those reductions have challenged <br />through improved financial <br />levels of service to their citizens with reduced revenues. <br />The City has <br />shMet <br />annual budgetthis ghasge beensubstantially imp <br />planning. renter involvement and <br />in recent years as a result of g <br />participation by staff and Council. In ted the Government <br />Finance Officer's AssociatioisoedtBudgettPresentationStates dAwarde <br />Canada awarded it's Distinghe Uni <br />Public <br />to the City for the 1988 Budget book. As needed Puente, <br />City has been able to continue top modest increases in <br />services to its residents with only <br />property tax rates and develop cash flow and contingency <br />tY to rovide needed public <br />reserves needed to maintain its financial integrity. n <br />order to maintain its abilehe City needs to maintain tha <br />service to its residents, the <br />lagging and to expand long range <br />stem <br />present level of begun with the 1983 Water and <br />ThatSewer <br />type of <br />Planning efforts begun rovement Program. <br />Maintenance and Capital ImP <br />for acquisition/replacement <br />uisition/replacement <br />lanning should be undertaken uoment <br />pdings <br />, <br />and maintenance cf all land, bull and eq <br />