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FUND GENERAL 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 6102 F.T. REGULAR -WAGES & SALARIES 247,373 255,114 308,032 366,758 370,297 406,886
<br />0153 6108 SEVERANCE PAY 8,699
<br />0153 6121 PERA CONTRIBUTIONS 18,501 18,890 22,344 26,899 23,741 26,000
<br />0153 6122 FICA/MEDICARE CONTRIBUTIONS 19,299 19,179 21,672 25,612 31,254 33,902
<br />0153 6131 GROUP INSURANCE 19,708 26,186 41,342 51,632 61,112 57,959
<br />0153 6133 WORKERS COMP INSURANCE PREMIUM 1,246 1,308 527 159 2,135 1,041
<br />0153 6135 PAID FAMILY MEDICAL LEAVE 1,898 1,836
<br />0153 6204 STATIONERY, ENVELOPES & FORMS 372 1,009 1,139 306 1,200 1,000
<br />0153 6208 MISCELLANEOUS OFFICE SUPPLIES 312 225 746 322 500 500
<br />0153 6302 AUDITING & ACCOUNTING SERVICES 34,712 40,216 40,870 50,604 52,000 56,200
<br />0153 6322 POSTAGE 1,716 1,543 1,899 2,294 2,200 2,400
<br />0153 6335 TRAINING 2,218 - 681 1,635 3,000 3,000
<br />0153 6352 GENERAL NOTICE & PUBLIC INFOR 306 505 580 600 600 700
<br />0153 6361 GENERAL LIABILITY/PROPERTY INS 2,800 2,612 2,582 2,676 2,700 3,000
<br />0153 6451 MEMBERSHIP DUES 640 365 365 1,100 1,200 1,300
<br />0153 6489 OTHER CONTRACTED SERVICES 4,952 3,709 5,667 4,226 6,000 6,000
<br />Total Expenditure 362,854 370,861 448,446 534,823 559,837 601,724
<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 />362,854
<br />370,861 448,446
<br />534,823 559,837 601,724
<br />$ 362,854 $ 370,861 $ 448,446 $ 534,823 $ 559,837 $ 601,724
<br />1.00
<br />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 />• ContinuedACFR award recognition
<br />• Ensure compliance with state and federal laws
<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 />5.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />5.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />5.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />1.00
<br />5.00
<br />Performance Measurements:
<br />Average Rate of Return
<br />Bond Rating
<br />2022 Actual
<br />1.64%
<br />AA+
<br />2023 Actual
<br />2024 Actual
<br />2025 Actual
<br />2026 Projected 1 2027 Projected
<br />3.05% 3.39% 2.99% 2.50%
<br />AA+ AA+ AA+ AA+
<br />2.50%
<br />AA+
<br />
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