Operating and CIP Budget Fiscal Year 2015-16

Finance [010-2510]

ACTIVITY DESCRIPTION

 CITY OF MORGAN HILL  FY15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP

Finance maintains the financial records of the City and prepares financial and statistical data applicable to all funds of the City and the successor agency to the former Redevelopment Agency.

Responsibilities include cash management; investment; budgeting; financial forecasting; accounting; cashier opera- tions; business license administration; debt management; payroll; purchasing; payables; receivables (including billing and collection of City accounts); financial system information and support to other departments.

Finance works closely with the elected City Treasurer to assure timely and appropriate investment of City funds, in compliance with the City’s Investment Policy and Procedures.

FY 14-15 HIGHLIGHTS

 The City received an award from the Government Finance Officers Association (GFOA) for achieving the highest standards in governmental accounting and financial reporting for the FY 13-14 Comprehensive Annual Financial Report; the City has received the award 20 consecutive years

 The City received the GFOA and California Society of Municipal Finance Officers (CSMFO) awards for excellence in budgeting for the FY 14-15 budget document

 On behalf of the City Manager, conducted several reviews and revisions of the current- and five-year revenue, ex- penditure, and fund balance projections for the General Fund and the Community Development Fund in accor- dance with the City Council’s sustainable budget strategy. As part of formulating the FY 15-16 Budget document, worked with the City Manager to create five-year projections of revenue, expenditures and fund balance for all major funds

 Coordinated, compiled, audited and submitted to the County and State two more semi-annual Recognized Obliga- tion Payment Schedules and the corresponding true-ups of actual expenditures from prior “ROPS” periods

 Launched formal accounting and reporting procedures to City Council on post-issuance compliance for tax- advantaged bonds

 Purchased and implemented web based timecard entry and open enrollment sign up

 Purchased and implemented Tyler Output Processing System (TOPS) to generate electronic delivery of docu- ments to employees and vendors (Example: Electronic Fund Transfer notifications to vendors, biweekly payroll earnings report, issue purchase orders electronically)

FY 15-16 WORK PLAN

 Support the City Manager and operating departments in refining the 5-year projections of revenues, expenditures and fund balances for all major funds

 Work with Information Services to refine reports within the financial accounting system

CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET

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