Finance

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