City Finance
The City Finance Office is responsible for a broad range of financial and administrative responsibilities, including:
1. Budget Management
- Developing, presenting, and managing the city's annual budget.
- Ensuring that expenditures align with approved budget allocations.
- Preparing and maintaining accurate financial statements.
- Reporting to the city council, city administrator, and relevant stakeholders.
- Ensuring compliance with state and federal reporting requirements.
3. Revenue Collection
- Managing the collection of taxes, fees, and utility payments.
- Issuing invoices for city services and licenses (e.g., business licenses, building permits).
4. Accounts Payable and Receivable
- Processing payments to vendors and contractors.
- Managing incoming revenues and ensuring timely deposits.
5. Payroll Administration
- Processing payroll for city employees.
- Handling benefits administration and retirement contributions.
6. Audits and Internal Controls
- Preparing for and assisting with external audits.
- Establishing and maintaining internal controls to safeguard city assets.
7. Debt Management
- Administering city bonds and loans.
- Monitoring and managing the city's debt obligations.
8. Grant Administration
- Applying for, managing, and reporting on grants.
- Ensuring proper use of grant funds and compliance with grant conditions.
9. Policy Development and Compliance
- Advising the city administrator or council on financial policies.
- Ensuring compliance with local, state, and federal regulations
10. Cash Flow Management
- Monitoring and managing the city's cash flow to ensure sufficient funds for operations.
11. Risk Management
- Overseeing insurance policies and risk mitigation strategies for city assets and liabilities.
12. Public Interaction
- Assisting residents and businesses with billing or tax inquiries.
- Communicating financial matters to the public in a transparent and accessible manner.