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FUND GENERAL DEPARTMENT: FINANCE
<br /> FUNCTION: GENERAL GOVERNMENT
<br /> Business Object 2018 2019 2021
<br /> Unit Account Description Actual Actual 2020 Adopted 2022
<br /> Actual Budget Adopted Budget
<br /> 0153 6102 F.T.REGULAR-WAGES&SALARIES 246,595 2561779 265,330 265,726 270,855
<br /> 0153 6108 SEVERANCE PAY - -
<br /> 0153 6121 PERA CONTRIBUTIONS 18,175 18,954 19,489 19,929 20,314
<br /> 0153 6122 FICA/MEDICARE CONTRIBUTIONS 17,834 18,222 19,025 21,540 21,266
<br /> 0153 6131 GROUP INSURANCE 26,524 28,896 27,432 29,024 19,151
<br /> 0153 6133 IWORKERS COMP INSURANCE PREMIUM 660 1,395 1,568 2,086 2,249
<br /> 0153 16204 ISTATIONERY,ENVELOPES&FORMS 630 433 372 800 600
<br /> 0153 6208 MISCELLANEOUS OFFICE SUPPLIES 112 390 1,861 400 400
<br /> 0153 6302 AUDITING&ACCOUNTING SERVICES 30,485 32,680 32,405 39,000 35,000
<br /> 0153 6321 TELEPHONE 343 447 464 500 -
<br /> 0153 6322 POSTAGE 1,910 1,689 1,574 2,000 2,000
<br /> 0153 6335 TRAINING - 225 1,739 3,500 3,500
<br /> 0153 16352 GENERAL NOTICE&PUBLIC INFOR 527 263 296 600 500
<br /> 0153 6361 GENERAL LIABILITY/PROPERTY INS 3,200 3,637 3,874 3,800 4,300
<br /> 0153 6451 IMEMBERSHIP DUES 659 544 623 800 800
<br /> 0153 6489 JOTHER CONTRACTED SERVICES 2,877 3,035 3,114 3,500 4,000
<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 II - 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 ofAsst FD to Storm Utility
<br /> GOALS OF CURRENT YEAR BUDGET:
<br /> • Continued long-term financial planning(5-Year Budget& 10-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 /> -23-
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