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FUND GENERAL DEPARTMENT: <br />FUNCTION: <br />FINANCE <br />GENERAL GOVERNMENT <br />Business <br />Unit <br />Object <br />Account <br />Description <br />2017 <br />Actual <br />2018 <br />Actual <br />2019 <br />Adopted <br />Budget <br />2020 <br />Proposed <br />Budget <br />0153 6102 F.T. REGULAR -WAGES & SALARIES <br />0153 6108 SEVERANCE PAY <br />0153 6121 PERA CONTRIBUTIONS <br />0153 6122 FICA/MEDICARE CONTRIBUTIONS <br />0153 6131 GROUP INSURANCE <br />0153 6133 WORKERS COMP INSURANCE PREMIUM <br />0153 6204 STATIONERY, ENVELOPES & FORMS <br />0153 6208 MISCELLANEOUS OFFICE SUPPLIES <br />0153 6302 AUDITING & ACCOUNTING SERVICES <br />0153 6321 TELEPHONE <br />0153 6322 POSTAGE <br />0153 6335 TRAINING <br />0153 6352 GENERAL NOTICE & PUBLIC INFOR <br />0153 6361 GENERAL LIABILITY/PROPERTY INS <br />0153 6451 MEMBERSHIP DUES <br />0153 6489 OTHER CONTRACTED SERVICES <br />Total Expenditure <br />PERSONNEL COMPLEMENT <br />Finance Director <br />Asst. Finance Director <br />Accountant I <br />Accountant II <br />Accounting Clerk <br />Sr. Accounting Clerk <br />230,333 <br />17,258 <br />17,201 <br />23,659 <br />1,065 <br />855 <br />125 <br />32,010 <br />358 <br />1,794 <br />213 <br />231 <br />3,250 <br />679 <br />2,861 <br />331,891 <br />1.00 <br />1.00 <br />1.00 <br />1.00 <br />Finance Total 4.00 <br />246,595 <br />18,175 <br />17,834 <br />26,524 <br />660 <br />630 <br />112 <br />30,485 <br />343 <br />1,910 <br />527 <br />3,200 <br />659 <br />2,877 <br />350,532 <br />252,925 <br />18,969 <br />20,421 <br />28,901 <br />1,986 <br />1,000 <br />500 <br />34,000 <br />500 <br />2,200 <br />1,000 <br />600 <br />3,700 <br />800 <br />3,500 <br />371,002 <br />1.00 1.00 <br />1.00 1.00 <br />1.00 1.00 <br />1.00 1.00 <br />4.00 4.00 <br />DESCRIPTION OF SERVICES: <br />The Finance Department is responsible for financial reporting and budgeting, assessments, cash receipts, accounts <br />receivable, accounts payable, payroll processing, debt service management and investment of all city funds. <br />261,490 <br />19,612 <br />21,169 <br />27,900 <br />2,053 <br />800 <br />300 <br />34,000 <br />500 <br />2,200 <br />1,000 <br />600 <br />3,700 <br />800 <br />3,500 <br />379,624 <br />1.00 <br />1.00 <br />1.00 <br />1.00 <br />4.00 <br />BUDGET HIGHLIGHTS <br />• No Major Changes <br />GOALS OF CURRENT YEAR BUDGET: <br />• Continued Tong -term financial planning (5-Year Budget & CIP) <br />• Continued CAFR award recognition <br />• Ensure compliance with state and federal laws <br />Performance Measurements: <br />Average Rate of Return <br />Bond Rating <br />Vendor Checks Issued - Net of EFT's <br />2018 Actual <br />2.10% <br />AA+ <br />3,070 <br />2019 Estimate 12020 Projected <br />2.30% 2.40% <br />AA+ AA+ <br />2,380 2,100 <br />i <br />-21- <br />