Managing all city financial activities under the direction of the chief financial officer, the department allocates and tracks the city’s financial resources, processes financial transactions, and provides information and analysis as a basis for decision-making. The department provides customer service assistance to residents, taxpayers and utility customers. It also secures financing for capital construction, safeguards and invests city funds, and manages the city’s retirement system and retiree benefit trust. Finance Department staff produce the city’s annual budget document, Comprehensive Annual Financial Report (CAFR), Popular Annual Financial Report (PAFR) and oversees the city’s annual independent audit.
In FY16, the department:
- Worked with the acting city manager to prepare the FY17 budget, seeing it through to unanimous adoption by the Mayor and Council in May.
- Upgraded the city’s core enterprise resource planning system to better manage city functions, including financial, procurement and human resources components.
- Implemented new water and sewer rate structures, beginning in July ‘15.
- Coordinated the transfer of billing for the city’s refuse and recycling services to the county tax bill.
- Transitioned the Procurement Division to the City Manager’s Office.
- Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for the Fiscal Year 2015 CAFR.
- GFOA Distinguished Budget Presentation Award for the FY16 Adopted Operating Budget and Capital Improvements Program Budget.
- GFOA Popular Annual Financial Reporting Award for the FY15 PAFR.