Responsibilities
The Finance Department provides accounting, budgeting, and financial reporting for all of the City's operations. The department is a budgetary component of the Administration Department.
The department provides the following services:
- Generates the City's bi-weekly payroll and the state and federal reporting associated with payroll
- Is responsible for the investment of City funds in accordance with the Investment policy adopted by the City Council
- Maintains accounts payable for the City funds
- Monitors the expenditures of funds against the balance of available funds for each fund and department of the City
- Prepares proposed budgets (PDF) that are submitted to the City Council
- Receives and deposits governmental revenues received by the City
- Records the budget as adopted by the City Council
- Responsible for debt administration such as:
- Arbitrage compliance
- Continuing disclosure
- Making debt service payments
- Serves as the City's principal means for financial reporting; such services would include:
- Budgetary reporting
- Financial analysis
- Reports of capital construction projects
- Quarterly investment reports