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FUND GENERAL DEPARTMENT: FINANCE
<br /> FUNCTION: GENERAL GOVERNMENT
<br /> 2023
<br /> Business Object 2018 2019
<br /> Description 2020 2021 2022 Requested
<br /> Unit Account Actual Actual
<br /> Actual Actual Adopted Budget Budget
<br /> 0153 6102 F.T.REGULAR-WAGES&SALARIES 246,595 256,779 265,330 276,264 270,855 260,839
<br /> 0153 6108 SEVERANCE PAY - - 11,013
<br /> 0153 6121 PERA CONTRIBUTIONS 18,175 18,954 19,489 20,428 20,314 19,563
<br /> 0153 6122 FICA/MEDICARE CONTRIBUTIONS 17,834 18,222 19,025 20,511 211266 20,957
<br /> 0153 6131 GROUP INSURANCE 261524 281896 271432 261242 191151 251801
<br /> 0153 6133 WORKERS COMP INSURANCE PREMIUM 660 1,395 1,568 11190 211249 21400
<br /> 0153 6204 STATIONERY,ENVELOPES&FORMS 630 433 372 841 600 600
<br /> 0153 6208 MISCELLANEOUS OFFICE SUPPLIES 112 390 1,861 264 400 400
<br /> 0153 6302 AUDITING&ACCOUNTING SERVICES 301485 32,680 321,405 38,260 35,000 39,500
<br /> 0153 6321 TELEPHONE 343 447 464 443 - -
<br /> 0153 6322 POSTAGE 1,910 1,689 11574 1,571 2,000 2,000
<br /> 0153 6335 TRAINING - 225 11739 3,002 3,500 2,000
<br /> 0153 6352 GENERAL NOTICE&PUBLIC INFOR 527 263 296 409 500 500
<br /> 0153 6361 GENERAL LIABILITY/PROPERTY INS 3,200 3,637 3,874 4,052 4,300 4,500
<br /> 0153 6451 MEMBERSHIP DUES 659 544 623 777 800 850
<br /> 0153 16489 JOTHER CONTRACTED SERVICES 2,877 3,035 3,114 3,450 4,000 7,000
<br /> Total Expenditure 350,532 367,590 379,167 408,717 384,935 386,910
<br /> PERSONNEL COMPLEMENT
<br /> Finance Director 1.00 1.00 1.00 1.00 1.00 1.00
<br /> Asst.Finance Director 1.00 1.00 1.00 1.00 1.00 1.00
<br /> Accou nta nt I 1.00 - - - - 1.00
<br /> Accountant 11 - 1.00 1.00 - - -
<br /> Accountant III - - - 1.00 1.00 -
<br /> Accounting Clerk 1.00 - - - 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 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 /> • Single Audit due to ARPA Funds$4,000
<br /> •
<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 Actual 2022 Projected 2023 Projected
<br /> Average Rate of Return 1.53% 2.18% 2.00% 1.53% 0.50% 2.00%
<br /> Bond Rating AA+ AA+ AA+ AA+ AA+ AA+
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