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FUND GENERAL
<br />FINANCE
<br />Business
<br />Unit
<br />Object
<br />Account
<br />Description
<br />2022
<br />Actual
<br />2023
<br />Actual
<br />2024
<br />Actual
<br />2025
<br />Actual
<br />2026
<br />Adopted
<br />Budget
<br />2027
<br />Requested
<br />Budget
<br />0153
<br />6102
<br />F.T. REGULAR -WAGES & SALARIES
<br />247,373
<br />255,114
<br />308,032
<br />366,758
<br />370,297
<br />391,263
<br />0153
<br />6108
<br />SEVERANCE PAY
<br />8,699
<br />0153
<br />6121
<br />PERA CONTRIBUTIONS
<br />18,501
<br />18,890
<br />22,344
<br />26,899
<br />23,741
<br />25,105
<br />0153
<br />6122
<br />FICA/MEDICARE CONTRIBUTIONS
<br />19,299
<br />19,179
<br />21,672
<br />25,612
<br />31,254
<br />32,707
<br />0153
<br />6131
<br />GROUP INSURANCE
<br />19,708
<br />26,186
<br />41,342
<br />51,632
<br />61,112
<br />57,959
<br />0153
<br />6133
<br />WORKERS COMP INSURANCE PREMIUM
<br />1,246
<br />1,308
<br />527
<br />159
<br />2,135
<br />800
<br />0153
<br />6135
<br />PAID FAMILY MEDICAL LEAVE
<br />1,898
<br />1,774
<br />0153
<br />6204
<br />STATIONERY, ENVELOPES & FORMS
<br />372
<br />1,009
<br />1,139
<br />306
<br />1,200
<br />1,000
<br />0153
<br />6208
<br />MISCELLANEOUS OFFICE SUPPLIES
<br />312
<br />225
<br />746
<br />322
<br />500
<br />500
<br />0153
<br />6302
<br />AUDITING & ACCOUNTING SERVICES
<br />34,712
<br />40,216
<br />40,870
<br />50,604
<br />52,000
<br />56,200
<br />0153
<br />6322
<br />POSTAGE
<br />1,716
<br />1,543
<br />1,899
<br />2,294
<br />2,200
<br />2,400
<br />0153
<br />6335
<br />TRAINING
<br />2,218
<br />-
<br />681
<br />1,635
<br />3,000
<br />3,000
<br />0153
<br />6352
<br />GENERAL NOTICE & PUBLIC INFOR
<br />306
<br />505
<br />580
<br />600
<br />600
<br />700
<br />0153
<br />6361
<br />GENERAL LIABILITY/PROPERTY INS
<br />2,800
<br />2,612
<br />2,582
<br />2,676
<br />2,700
<br />3,000
<br />0153
<br />6451
<br />MEMBERSHIP DUES
<br />640
<br />365
<br />365
<br />1,100
<br />1,200
<br />1,300
<br />0153
<br />16489
<br />1 OTHER CONTRACTED SERVICES
<br />4,952
<br />3,709
<br />5,667
<br />4,226
<br />6,000
<br />6,000
<br />Total Expenditure
<br />362,854
<br />370,861
<br />448,446
<br />534,823
<br />559,837
<br />583,708
<br />SUMMARY:
<br />OPERATING EXPENSE:
<br />CAPITAL OUTLAY:
<br />TOTAL EXPENDITURES
<br />PERSONNEL COMPLEMENT
<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 />Finance Director 1.00
<br />Asst. Finance Director 1.00
<br />Accountantl -
<br />Accountant ll -
<br />Accountant III 1.00
<br />Accounting Clerk 1.00
<br />Finance Total 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 />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 />-
<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 5.00 5.00 5.00 5.00
<br />Performance Measurements:
<br />2022 Actual
<br />2023 Actual
<br />2024 Actual
<br />2025 Actual
<br />2026 Projected
<br />2027 Projected
<br />Average Rate of Return
<br />1.64%
<br />3.05%
<br />3.39%
<br />2.99%
<br />2.50%
<br />2.50%
<br />Bond Rating
<br />AA+
<br />AA+
<br />AA+
<br />AA+
<br />AA+
<br />AA+
<br />
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