Financial operations include budgeting, financial planning, cash management, debt administration, accounts payable, accounts receivable, payroll, grants accounting, auditing, and financial reporting. Finance prepares various financial reports to city council, city management and outside agencies, including:
Comprehensive annual financial report
Annual state controller's reports
Master schedule of fees and charges
Cost allocation plan
Citywide lighting and landscaping assessment
Finance works with City Treasurer in monitoring the city's cash management tasks and investing funds in accordance with the City's investment policy. Finance serves as technology liaison between the City and its serving bank to implement various processing, positive pays, ACH debit, e-Payables, and e-Commerce.
The IT Management is under the direct supervision of the Director of Management Services, which the services are provided by contractual arrangements.
The city's annual budget and the comprehensive annual financial report prepared by a team of finance professionals, have received numerous awards from both CSMFO and GFOA for the past 27 years.