Mission Statement
It is the mission of the Finance Department to provide financial services to the City's departments in order to enhance efficiency and to provide public transparency to promote trust.

Services, Functions and Activities
The Finance Department is responsible for the proper accounting of all City funds and compliance with all applicable regulations and laws. Routine duties include processing payroll, accounts payable, accounts receivable, central collections, general ledger fund accounting, preparation of applicable state and federal reports, periodic financial reports to management, administering debt service, and investment of City funds. The Department is also responsible for the implementation and control of the approved budget and the preparation, and disclosure of the financial statements, including responses to the external auditors. It also provides other departments with financial analysis and assists with banking transactions that arise during the year.

GOALS AND MEASUREMENTS
Organizational Performance

To provide accessible, accurate and meaningful financial data to stakeholders.

• Provide internal City departments monthly budget versus actual revenue and expenditure reports for use in the decision making process by the 20th of each month following the months from November through August.
  1. Ensure all journal entries and reconciliations are complete by the 10th of each applicable month.
  2. Ensure all batches are posted and updated by the 12th of each applicable month.
• Provide management reports to the City Manager's office, Mayor and Council for use in the evaluation of the financial management and status of the City by the end of each month following the last three quarters.
  1. Ensure all journal entries and reconciliations are complete by the 10th of each applicable month.
  2. Ensure all batches are posted and updated by the 12th of each applicable month.
  3. Accumulate financial data, review for required adjustments, and prepare interim financial statements by the 20th of each applicable month.
  4. Analyze data for each fund and report major variances and the reasons therefore.

Complete the Comprehensive Annual Financial Report in a timely manner and obtain an unqualified audit opinion annually.

• Submit the City's Comprehensive Annual Financial Report (CAFR) and application for the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers' Association (GFOA) by March 31st of each year.
  1. Ensure that financial data is current and accurate on an ongoing basis.
  2. Communicate with external auditors regarding complicated transactions and implementation of impending Governmental Accounting Standards.
  3. Ensure financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP).

Maximize Investment Revenue

• Regularly meet or exceed the average return on the four week bank discount rate of U.S. Treasury bills.
  1. Ensure compliance with the terms of the City's investment policy.
  2. Meet monthly with investment manager to monitor performance of the portfolio and discuss current economic conditions and the direction that the portfolio should be invested based on prevailing market conditions.