Finance

The primary mission of the Finance Department is to monitor and record all financial transactions of the city in the most efficient and effective manner.

Additional missions include:

• Provide timely and accurate financial reports
• Maintain proper controls over the collection and recording of revenues
• Maintain secure custody of cash and investments
• Provide budgetary control and long-range financial planning
• Maintain inventory records on city property
• Handle billings and collections of accounts receivable

Responsibilities

• Develops and coordinates the annual budget process
• Prepares and issues the Comprehensive Annual Financial Reports (CAFR)
• Collects and processes city revenues
• Maintains the fixed asset records system
• Processes and disburses payroll
• Oversees the Request For Proposals process for bids
• Monitors, approves, and processes city purchases
• Processes and disburses vendor payments
• Issues parking permits and processes fines for parking meter violations
• Bills and collects miscellaneous receipts
• Collects franchise revenue and monitors franchise agreements
• Processes sewer credits when appropriate; this policy is set by City Resolution Number 2018-21

In January 2022 The US Treasury issued the Final Rule. The provisions of the Final Rule are effective April 1, 2022. The information is available in the link.  https://home.treasury.gov/system/files/136/SLFRF-Final-Rule.pdf