The Finance Department handles all economic aspects of the City in a fiscally sound and professional manner. The Department oversees the monetary obligations of the City, strives for the greatest utilization of municipal funds and operates with all outdoors professionals as effectively as City departments on financial matters. We coordinate all accounting, budgeting, collection, investment, treasury management, information processing, and auditing services of the City. The Finance Director prepares the municipal budget for submission to the City Manager and City Council.
Revenue and expenditures need to have to be monitored to discover any change in patterns so that acceptable actions can be taken. This monitoring procedure can be accomplished at normal intervals, for example every single month. When monitoring data, take into account that the price range that was planned for the year ahead, and the expenses and revenue to date. Appear at the balance remaining for the rest of the period in the existing financial year and run a forecast of what the situation will be at this price by the finish of the economic year. Look at any variations, if any, each good and negative, and take essential actions to rectify them. In each step, it is important to document (record) all facts and actions.
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