The Budget and Evaluation Division prepares the operating budget, five-year revenue and expenditure projections, and the capital improvement plan. We are also responsible for operational and organizational studies identified by the city manager, city council, and department staff. We coordinate citizen surveys and evaluate departmental achievement of the city’s strategic plan.
The Disbursements Division is responsible for all city disbursement transactions, including payroll and accounts payable. We also maintain financial records. We ensure timely and accurate accounting and reporting of disbursement transactions. We ensure that all such transactions are within city policy, laws, and other regulations.
Financial Analysis and Reporting (FAR) prepares and maintains accurate and timely financial records reporting financial data of the city according to accounting principles generally accepted in the U.S. and the Pronouncements of the Government Accounting Standards Board (GASB). FAR is also responsible for audit compliance, miscellaneous analysis of city projects, grant reporting, and adherence to internal controls.
The Treasury Division is responsible for cash management, investment portfolio, and debt and special assessment district management. We manage the city's banking and other financial services relationships. The cash management program includes timely deposit, investment, and disbursement of funds. Portfolio management includes investing the city's funds in compliance with the city's Investment Policy. Debt management includes the issuance and ongoing administration of the city's debt instruments and the debt instruments of the special assessment districts.