The department’s mission is to optimally manage the City’s financial resources and provide strategic decision support services to the City’s management.  The department produces the City’s financial reports, oversees the accounting and procurement functions, administers the treasury functions, assists the City Manager’s Office with the development of the City’s annual budget, and supports departments with the evaluation of their services.

The department goals are to participate in the development of sound fiscal policies; to provide sound fiscal management for the City; to maintain a high credit bond rating; and, to provide for the management and investment of the available funds consistent with criteria of safety, liquidity, and rate of return.

The Finance Division is responsible for the day-to-day operations for the cash management, banking, and investment functions.  Also, monitors the operating budget for all City’s funds and departments, and is responsible for the financial administration of grants.  The division prepares, and updates financial policies and procedures; assists City Management providing support through special reports, financial forecast, and other required information.

The Accounting Division collects, records, and summarizes daily transactions.  Also, prepares periodic reports summarizing financial activities for the City Management, City Council, and other users.  The division implements and maintains sound financial accounting procedures, and ensures that transactions are recorded, and reports are issued in compliance to the Generally Accepted Accounting Principles.  The division is also responsible for generating payments to vendors, and payroll processing.  

The Purchasing Division assist departments in obtaining informal and formal bid and quotations for the procurement of materials, supplies, and services, based upon availability, quality and price.  The procurement process includes preparing bid specifications, tabulation, and conducting bids proceedings.  The division, also, arranges the sale of City surplus materials, supplies, and equipment in compliance with the State Law and City Charter.

AWARDS

Certificate of Recognition for Outstanding Accomplishment in Financial Reporting, Fiscal Year 2002

Certificate of Achievement for Excellence in Financial Reporting for Comprehensive Annual Financial Report (CAFR), Fiscal Year 2008

Comprehensive Annual Financial Report (CAFR) 2009

2009-10 BUDGET:

Budget Summary
Revenue Budget
Special Revenue Fund Summary
Enterprise Fund Summary
CIP Summary

The Finance Division welcomes your comments and suggestions.

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