Final Adopted Budget FY23-24

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. Procurement Services Division: Purchases materials, supplies, and equipment for all City departments; awards purchase and service agreements; conducts the bidding process for all contracts except construction contracts; arranges and conducts the sale of surplus property. Supports bidding and contracting functions for professional and other services across the organization. Services include bid specification development, conducting bids and requests for proposals, contract development, contract execution, grants management, and certain functions of M/WBE Program compliance. Manages the procurement card program. 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 2021-22

Budget 2022-23

Adopted 2023-24

Projected

2024-25

Expenditures by Program Financial & Admin Services Administration

972,847 826,580 561,397

723,845 708,937 340,929 796,219

868,684 804,201 436,191

990,040 848,335 579,833

Accounting

Financial Reporting

1,242,054 1,404,770

Procurement Services Division

1,036,010 1,339,323

1,283,120 1,433,723

Collections

1,178,273

600,533

Treasury

538,064

576,273

620,313

Total

5,608,181

4,286,267

5,060,682

5,755,364

Adopted 2023-24 Budget

73