The annual budget is one of the two important documents the Finance Department prepares for the city.
The budget process begins in February as the city’s individual departments prepare objectives, personnel requests, and performance standards for the upcoming year. In April, the departments prepare operating and capital outlay requests, while the Finance Director completes preliminary revenue estimates. In May and June, the City Manager reviews and finalizes the proposed budget which is presented to City Council in a workshop format in July.
Changes resulting from the budget workshops are incorporated into the document and presented for adoption in September. On October 1, the budget is implemented.
This division records the millions of dollars that flow in and out of the city. Personnel in the department track assets, pay vendors, issue paychecks and create financial reports. Accounting staff also prepare the comprehensive annual financial report (CAFR) and various federal and state tax reports. The Purchasing Specialist administers bid packages, and Accounting staff create the Budget.
The Accounting division manages the city’s investments, debt portfolios, banking relations, and serves as liaison to the city’s Police and Fire Pension Boards.