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FUND GENERAL DEPARTMENT: FINANCE <br /> FUNCTION: GENERAL GOVERNMENT <br /> Business Object 2018 2019 2021 2022 <br /> Description 2020 Adopted Requested <br /> Unit Account Actual Actual Actual Budget Budget <br /> 0153 6102 F.T. REGULAR-WAGES&SALARIES 246,595 256,779 265,330 265,726 270,855 <br /> 0153 6108 SEVERANCE PAY - - <br /> 0153 6121 PERA CONTRIBUTIONS 181175 18,954 19,489 19,929 20,314 <br /> 0153 6122 FICA/MEDICARE CONTRIBUTIONS 17,834 18,222 19,025 21,540 211266 <br /> 0153 6131 GROUP INSURANCE 26,524 28,896 271,432 29,024 19,151 <br /> 0153 6133 WORKERS COMP INSURANCE PREMIUM 660 1,395 1,568 21086 21249 <br /> 0153 6204 STATIONERY,ENVELOPES&FORMS 630 433 372 800 600 <br /> 0153 6208 MISCELLANEOUS OFFICE SUPPLIES 112 390 11861 400 400 <br /> 0153 6302 AUDITING&ACCOUNTING SERVICES 30,485 32,680 321#405 39,000 35,000 <br /> 0153 6321 TELEPHONE 343 447 464 500 - <br /> 0153 6322 POSTAGE 11910 11689 1,574 21000 21000 <br /> 0153 6335 TRAINING - 225 11#739 31500 31500 <br /> 0153 6352 GENERAL NOTICE&PUBLIC INFOR 527 263 296 600 500 <br /> 0153 6361 GENERAL LIABILITY/PROPERTY INS 31200 3,637 31874 31800 41300 <br /> 0153 6451 MEMBERSHIP DUES 659 544 623 800 800 <br /> 0153 6489 OTHER CONTRACTED SERVICES 21,877 3,035 3,114 31500 41000 <br /> Total Expenditure 350,532 367,590 379,167 393,205 384,935 <br /> PERSONNEL COMPLEMENT <br /> Finance Director 1.00 1.00 1.00 1.00 1.00 <br /> Asst.Finance Director 1.00 1.00 1.00 1.00 1.00 <br /> Accountant 1 1.00 - - - - <br /> Accountant 11 - 1.00 1.00 - - <br /> Accountant III - - - 1.00 1.00 <br /> Accounting Clerk 1.00 - - - 1.00 <br /> Sr.Accounting Clerk - 1.00 1.00 1.00 - <br /> Finance Total 4.00 4.00 4.00 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 /> BUDGET HIGHLIGHTS <br /> • No expectation of a single audit in 2022 <br /> • Reclass 5%Salary of Asst FD to Storm Utility <br /> GOALS OF CURRENT YEAR BUDGET: <br /> • Continued long-term financial planning(5-Year Budget& i0-Year CIP) <br /> • Continued CAFR award recognition <br /> • Ensure compliance with state and federal laws <br /> Performance Measurements: <br /> 2018 Actual 2019 Actual 2020 Actual 2021 Projected 2022 Projected <br /> Average Rate of Return 1.53% 2.18% 2.00% 2.00% 2.00% <br /> Bond Rating AA+ AA+ AA+ AA+ AA+ <br />