Finance

Finance2822Dt350x600The Finance Department is comprised of five divisions:  Accounting, Assessing, Purchasing, Treasury, and Water and Sewer Billing/Collections. 

The Finance Department provides the City comprehensive financial services and support.  The Finance Department recommends financial policies to the City Manager; maintains excellence in the accounting of all financial transactions; provides support to City departments; and assists with budgetary and procurement issues. 

The Department strives to retain and enhances the public’s confidence with respect to the City’s management of public finances.

The Finance Director is designated as investment officer of the city and is responsible for the investment decisions and activities. The Finance Director is also responsible for the administration of the employee's retirement system, serves as the liaison to the employee's Retirement Board and as a member of the Retirement Board's Investment Committee.

The Finance Department prepares both the City's Annual Budget and the Comprehensive Annual Financial Report (CAFR) (PDF). The CAFR is a set of financial statements which presents the City's economic position at the end of each fiscal year, which is June 30th. 


 

Finance Department News

STANDARD & POOR'S UPGRADES CITY RATNG TO A+ POSITIVE
Standard & Poor's revised the City's rating to A+ positive from A+ stable. "Our policies have led to improved financial performance over the last three years." said Erik Tungate, City Manager.
ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING
The Finance Department is the recipient of the Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report for the fiscal year ending June 30, 2014.

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