The finance department coordinates and manages the financial affairs of the city under the direction of the city manager and the policy guidance of the council. This involves everything from the development of long-range strategies and plans to the handling of individual financial transactions.
The Finance Department:
- Produces the annual budget in cooperation with the city council and senior staff.
- Advises the city council on financial matters.
- Produces the annual financial report of the city.
- Coordinates the annual audit of city finances by independent C.P.A.
- Provides monthly and quarterly financial reports to inform the city council and senior staff of financial developments.
- Manages payroll and benefits for city employees.
- Issues vendor checks in payment for supplies and contractual services.
- Produces utility bills with one third of the city receiving a bill each month.
- Invests city funds.
- Coordinates the issuance of new debt as needed and manages existing city debt.
- Purchases property and liability insurance for the city.