2021.06.07 CC Packet - Laserfiche WebLink

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The Organization Oakdale operates as a statutory city under the Plan A form of government. The City Council is comprised of a Mayor and four City Council members who are elected at large in staggered four-year terms. The City Council is responsible for establishing policy, adopting the annual budget, and setting the tax levy. The City Council appoints a City Administrator to serve as the chief administrative officer and function as a liaison between the City Council and staff. General services provided by the City of Oakdale include administration, communication, finance, licensing, planning, development, redevelopment, building codes, police, fire, engineering, streets, utilities, forestry, parks, and recreation. The City has a 2021 annual budget of approximately $25 million which includes all funds and special revenues, debt service of $2.7 million, and the City has an Aa2 credit rating. The City employs 112 full-time staff and 3 regular part-time staff. Approximately 70 percent of the City’s workforce are represented by five unions. The Position The Finance Director serves as the Chief Financial Officer for the City and a trusted financial and budget advisor to the City Council, City Administrator, and department heads. The Finance Director reports directly to the City Administrator and actively participates as a member of the City’s management team. The position manages and supervises the Finance Division, consisting of one accountant, one bookkeeper/accounts payable, one utility billing supervisor/payroll specialist, and two utility billing/customer service/cashiers. Major responsibilities assigned to the Finance Director include: • Manages the preparation of the annual budgets and directs the development and analysis of strategies to maximize resources. • Develops and implements an overall investment strategy consistent with sound municipal finance practices and compliant with applicable laws and regulations. • Makes recommendations and presentations to the City Administrator and City Council on matters related to finance. • Leads long term financial planning and ensures input and communication to Council, City Administrator, and department heads. • Directs the maintenance of official accounting and financial records in conformance with accepted government accounting principles, ensuring an accurate reflection of the city’s financial condition. • Monitors and analyzes proposals that will have an impact on the city’s financial condition. • Plans and develops sound accounting policies and practices that support the city’s financial management and strategies and provide financial data necessary to guide planning and decision-making. • Monitors established accounting and reporting systems and procedures to ensure they are properly functioning and providing adequate controls. • Oversees all disbursements to see that they are in line with budget and have been properly authorized. • Directs staff and coordinates with auditors for completion of the annual municipal audit; implements recommendations as set forth in the audit. • Prepares the Comprehensive Annual Financial Report and submits to regulatory agencies. • Develops effective debt management policies, practices and procedures to ensure accurate cash flow projections, financing sources and cash uses relative to outstanding debt. • Coordinates the financial aspects of improvement projects; works with the engineering department to administer escrow and assessments and works with fiscal and bond consultants for the preparation and sale of bonds. 2