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FUND GENERAL FINANCE
<br />Business
<br />Unit
<br />Object
<br />Account
<br />Description
<br />2021
<br />Actual
<br />2022
<br />Actual
<br />2023
<br />Actual
<br />2024
<br />Actual
<br />2025
<br />Adopted Budget
<br />2026
<br />Requested
<br />Budget
<br />0153 6102 F.T. REGULAR -WAGES & SALARIES 276,264 247,373 255,114 308,032 361,124 368,103
<br />0153 6108 SEVERANCE PAY 11,013 8,699
<br />0153 6121 PERA CONTRIBUTIONS 20,428 18,501 18,890 22,344 23,346 23,741
<br />0153 6122 FICA/MEDICARE CONTRIBUTIONS 20,511 19,299 19,179 21,672 30,403 31,097
<br />0153 6131 GROUP INSURANCE 26,242 19,708 26,186 41,342 50,743 61,333
<br />0153 6133 WORKERS COMP INSURANCE PREMIUM 1,190 1,246 1,308 527 2,202 2,115
<br />0153 6135 PAID FAMILY MEDICAL LEAVE 1,890
<br />0153 6204 STATIONERY, ENVELOPES & FORMS 841 372 1,009 1,139 1,000 1,200
<br />0153 6208 MISCELLANEOUS OFFICE SUPPLIES 264 312 225 746 400 500
<br />0153 6302 AUDITING & ACCOUNTING SERVICES 38,260 34,712 40,216 40,870 50,000 52,000
<br />0153 6321 TELEPHONE 443
<br />0153 6322 POSTAGE 1,571 1,716 1,543 1,899 2,000 2,200
<br />0153 6335 TRAINING 3,002 2,218 681 3,000 3,000
<br />0153 6352 GENERAL NOTICE & PUBLIC INFOR 409 306 505 580 550 600
<br />0153 6361 GENERAL LIABILITY/PROPERTY INS 4,052 2,800 2,612 2,582 2,724 2,700
<br />0153 6451 MEMBERSHIP DUES 777 640 365 365 1,200 1,200
<br />0153 6489 OTHER CONTRACTED SERVICES 3,450 4,952 3,709 5,667 5,000 6,000
<br />Total Expenditure 408,717 362,854 370,861 448,446 533,692 557,679
<br />SUMMARY:
<br />OPERATING EXPENSE: 408,717 362,854 370,861 448,446 533,692 557,679
<br />CAPITAL OUTLAY: -
<br />TOTAL EXPENDITURES $ 408,717 $ 362,854 $ 370,861 $ 448,446 $ 533,692 $ 557,679
<br />PERSONNEL COMPLEMENT
<br />Finance Director
<br />Asst. Finance Director
<br />Accountant I
<br />Accountant II
<br />Accountant III
<br />Accounting Clerk
<br />Sr. Accounting Clerk
<br />Finance Total
<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
<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
<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
<br />4.00 4.00 4.00 5.00 5.00 5.00
<br />DESCRIPTION OF SERVICES:
<br />The Finance Department is responsible for financial reporting and budgeting, assessments, cash
<br />receipts, accounts receivable, accounts payable, payroll processing, debt service management and
<br />investment of all city funds.
<br />BUDGET HIGHLIGHTS
<br />• Personnel Costs - Change in Health Insurance
<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 />T
<br />Average Rate of Return
<br />Bond Rating
<br />2021 Actual
<br />1.53%
<br />AA+
<br />2022 Actual
<br />1.64%
<br />AA+
<br />2023 Actual
<br />3.05%
<br />AA+
<br />2024 Actual
<br />3.39%
<br />AA+
<br />2025 Projected
<br />2.00%
<br />AA+
<br />2026 Projected
<br />2.00%
<br />AA+
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