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FUND
<br />Business
<br />Unit
<br />GENERAL
<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 6135 PAID FAMILY MEDICAL LEAVE
<br />0153 6204 STATIONERY, ENVELOPES & FORMS
<br />0153 6208 MISCELLANEOUS OFFICE SUPPLIES
<br />0153 6302 AUDITING & ACCOUNTING SERVICES
<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 />SUMMARY:
<br />OPERATING EXPENSE:
<br />CAPITAL OUTLAY:
<br />TOTAL EXPENDITURES
<br />PERSONNEL COMPLEMENT
<br />Finance Director
<br />Asst. Finance Director
<br />Accountant I
<br />Accountant II
<br />Accountant III
<br />Accounting Clerk
<br />Finance Total
<br />2022
<br />Actual
<br />247,373
<br />8,699
<br />18,501
<br />19,299
<br />19,708
<br />1,246
<br />FINANCE
<br />2026 2027
<br />2023 2024 2025 Adopted Requested
<br />Actual Actual Actual Budget Budget
<br />255,114 308,032 366,758 370,297 391,263
<br />18,890 ' 22,344 26,899 23,741 25,105
<br />19,179 21,672 25,612 31,254 32,707
<br />26,186 41,342 51,632 61,112 57,959
<br />1,308 527 159 2,135 800
<br />1,898 1,774
<br />372 1,009 1,139 306 1,200 1,000
<br />312 225 746 322 500 500
<br />34,712 40,216 40,870 50,604 52,000 56,200
<br />1,716 .1,543 1,899 2,294 2,200 2,400
<br />2,218 681 1,635 3,000 3,000
<br />306 505 580 600 600 700
<br />2,800 2,612 2,582 2,676 2,700 3,000
<br />640 365 365 1,100 1,200 1,300
<br />4,952 3,709 5,667 4,226 6,000 6,000
<br />362,854 370,861 448,446 534,823 559,837 583,708
<br />362,854 370,861 448,446 534,823 559,837 583,708
<br />$ 362,854 $ 370,861 $ 448,446 $ 534,823 $ 559,837 $ 583,708
<br />1.00 1.00 1.00 1.00 1.00 1.00
<br />1.00 1.00 1.00 1.00 1.00 1.00
<br />1.00 1.00 1.00 1.00 1.00
<br />1.00 1.00 1.00 1.00
<br />1.00
<br />1.00
<br />4.00
<br />DESCRIPTION OF SERVICES:
<br />The Finance Department is responsible for financial reporting and budgeting,
<br />assessments, cash receipts, accounts receivable, accounts payable, payroll processing,
<br />debt service management and investment of all city funds.
<br />BUDGET HIGHLIGHTS
<br />• Personnel Costs
<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 />Average Rate of Return
<br />Bond Rating
<br />2022 Actual
<br />1.64%
<br />AA+
<br />1.00 1.00 1.00 1.00
<br />4.00 5.00 5.00 5.00
<br />2023 Actual
<br />3.05%
<br />AA+
<br />2024 Actual
<br />3.39%
<br />AA+
<br />2025 Actual
<br />2.99%
<br />AA+
<br />2026 Projected
<br />2.50%
<br />AA+
<br />1.00
<br />5.00
<br />2027 Projected
<br />2.50%
<br />AA+
<br />-16-
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