FINAL ADOPTED BUDGET FY2022-23

FINANCIAL & ADMINISTRATIVE SERVICES Financial & Admin Services Administration: Provides financial management for all City funds and transactions; administers debt policies; develops long range financial plans and oversees internal controls, financial policies and procedures. Accounting: Maintains an accounting system in accordance with generally accepted accounting principles; provides payroll and related services along with capital asset and contract management. Financial Reporting: Prepares reports on the financial condition of the City, including the Comprehensive Annual Financial Report and reports for State and Federal agencies; Provides grant management assistance, monitoring of the City’s debt portfolio and coordinates the risk management program. Coordinates the audit function. Collections: Prepares all required notices/invoices and collects all City revenues including business permits, parking tickets, assessments, user fees and utility payments, including Stormwater, Water and Sewer and Solid Waste payments. Treasury: Provides cash and investment management to meet the City’s liquidity needs along with preservation of principal balances; provides accounts payable and accounts receivable services and supports electronic commerce initiatives for banking and cash receipts/disbursements.

Actual

Budget 2021-22

Adopted 2022-23

Projected

2020-21

2023-24

Expenditures by Program Financial & Admin Services Administration

868,684 804,201 436,191

757,189 732,033 315,124

852,064 767,831 326,495

875,794 807,059 441,951

Accounting

Financial Reporting

1,339,323

Collections

1,042,470

1,248,712

1,351,439

576,273

Treasury

571,19 7

573,335

586,662

Total

4,024,672

3,418,01 3

3,768,437

4,062,905

Adopted 2022-23 Budget

71