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FUND GENERAL DEPARTMENT: FINANCE
<br /> FUNCTION: GENERAL GOVERNMENT
<br /> Business Object 2018 2019 2020 2021
<br /> Description Adopted Adopted
<br /> Unit Account Actual Actual Budget Budget
<br /> 0153 6102 F.T. REGULAR-WAGES&SALARIES 246,595 256,779 261,490 265,726
<br /> 0153 6108 SEVERANCE PAY - -
<br /> 0153 6121 PERA CONTRIBUTIONS 18,175 18,954 19,612 19,929
<br /> 0153 6122 FICA/MEDICARE CONTRIBUTIONS 17,834 18,222 21,169 21,540
<br /> 0153 6131 GROUP INSURANCE 26,524 28,896 27,900 29,024
<br /> 0153 6133 WORKERS COMP INSURANCE PREMIUM 660 1,395 2,053 2,086
<br /> 0153 6204 STATIONERY, ENVELOPES&FORMS 630 433 800 800
<br /> 0153 6208 MISCELLANEOUS OFFICE SUPPLIES 112 390 300 400
<br /> 0153 6302 AUDITING&ACCOUNTING SERVICES 30,485 32,680 34,000 39,000
<br /> 0153 6321 TELEPHONE 343 447 500 500
<br /> 0153 6322 POSTAGE 1,910 1,689 2,200 2,000
<br /> 0153 6335 TRAINING - 225 1,000 3,500
<br /> 0153 6352 GENERAL NOTICE&PUBLIC INFOR 527 263 600 600
<br /> 0153 6361 GENERAL LIABILITY/PROPERTY INS 3,200 3,637 3,700 3,800
<br /> 0153 6451 MEMBERSHIP DUES 659 544 800 800
<br /> 0153 6489 OTHER CONTRACTED SERVICES 2,877 3,035 3,500 3,500
<br /> Total Expenditure 350,532 367,590 379,624 393,205
<br /> PERSONNEL COMPLEMENT
<br /> Finance Director 1.00 1.00 1.00 1.00
<br /> Asst. Finance Director 1.00 1.00 1.00 1.00
<br /> Accountant 1 1.00 - - -
<br /> Accountant II - 1.00 1.00 1.00
<br /> Accounting Clerk 1.00 - - -
<br /> Sr.Accounting Clerk - 1.00 1.00 1.00
<br /> Finance Total 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 Major Changes
<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 r2020 Projected 2021 Projected
<br /> Average Rate of Return 1.53% 2.18% 2.00% 2.00%
<br /> Bond Rating AA+ AA+ AA+ AA+
<br /> -23-
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