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FUND GENERAL FINANCE
<br />Business
<br />Unit
<br />Object
<br />Account
<br />Description
<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 />2020
<br />Actual
<br />2021
<br />Actual
<br />265,330 276,264
<br />11,013
<br />19,489 20,428
<br />19,025 20,511
<br />27,432 26,242
<br />1,568 1,190
<br />372 841
<br />1,861 264
<br />32,405 38,260
<br />464 443
<br />1,574 1,571
<br />1,739 3,002
<br />296 409
<br />3,874 4,052
<br />623 777
<br />3,114 3,450
<br />379,167 408,717
<br />2022 Actual
<br />247,373
<br />8,699
<br />18,501
<br />19,299
<br />19,708
<br />1,246
<br />372
<br />312
<br />34,712
<br />1,716
<br />2,218
<br />306
<br />2,800
<br />640
<br />4,952
<br />362,854
<br />2023
<br />Actual
<br />255,114
<br />2024
<br />Adopted
<br />Budget
<br />2025
<br />Requested
<br />Budget
<br />304,115 361,124
<br />18,890 22,809 23,346
<br />19,179 24,895 30,400
<br />26,186 34,706 50,528
<br />1,308 1,996 2,202
<br />1,009 600 1,000
<br />225 400 400
<br />r
<br />40,216 37,000 50,000
<br />1,543 2,000
<br />3,000
<br />505 500
<br />2,612 2,795
<br />365 850
<br />3,709 5,000
<br />370,861 440,666
<br />2,000
<br />3,000
<br />550
<br />2,724
<br />1,200
<br />5,000
<br />533,474
<br />SUMMARY:
<br />OPERATING EXPENSE: 379,167 408,717 362,854 370,861 440,666 533,474
<br />CAPITAL OUTLAY: - -
<br />TOTAL EXPENDITURES $ 379,167 $ 408,717 $ 362,854 $ 370,861 $ 440,666 $ 533,474
<br />PERSONNEL COMPLEMENT
<br />Finance Director
<br />Asst. Finance Director
<br />Accountant 1
<br />Accountant II
<br />Accountant III
<br />Accounting Clerk
<br />Sr. Accounting Clerk
<br />Finance Total
<br />DESCRIPTION OF SERVICES:
<br />The Finance Department is responsible for financial reporting and budgeting,
<br />assessments, cash receipts, accounts receivable, accounts payable, payroll
<br />processing, debt service management and investment of all city funds.
<br />BUDGET HIGHLIGHTS
<br />• Annual Audit -$13,000 increase (mini increase last 5 years)
<br />• Market Rate Adjustments - From 2.09%- 19.12%
<br />• COLA & Steps
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />4.00
<br />GOALS OF CURRENT YEAR BUDGET:
<br />• Continued long-term financial planning (5-Year Budget & 10-Year
<br />C1P)
<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 />1.00
<br />1.00
<br />1.00
<br />1.00
<br />4.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />4.00
<br />2020 Actual 1 2021 Actual I 2022 Actual
<br />2.00% 1.53% 1.64%
<br />AA+ AA+ AA+
<br />1.00
<br />1.00
<br />1.00
<br />1.00.
<br />4.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00 1.00
<br />5.00 5.00
<br />2023 Actual 2024 Estimate 2025 Projected
<br />2.92% 2.00% 2.00%
<br />AA+ AA+ AA+
<br />-16--
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