Finance Overview

The Finance Department performs all accounting and financial reporting activities.  In addition, Finance manages the City's more than $56 million budget, and makes financial policy recommendations to the City Manager.

Finance maintains over 5,000 individual accounts in 91 funds, and distributes monthly and quarterly interim financial reports throughout the year.  Annually the accounts are combined for audit purposes and to prepare the consolidated annual financial report (CAFR).  For the fiscal year ended 2003, Finance implemented significant changes to the annual report per the new requirements of GASB Statement No. 34.

Other functions include:

• Payroll

• Accounts Payable

• Management of Financial Guarantees

• Debt Administration

• Grant Administration