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CITY OF FOREST HILL



               FINANCE

               FUND/ DEPARTMENT/ PROGRAM: 01‐06‐00


               PROGRAM DESCRIPTION

               The Finance Department is responsible for coordinating and maintaining comprehensive management of the City’s
               financial activities to ensure proper use and investment of the City’s funds. The department is responsible for all of
               the City’s accounting and financial reporting as well as providing timely budgetary and other financial information
               to the community, City Council, management and various departments of the City.

               MAJOR DEPARTMENT GOALS AND OBJECTIVES AS MEASURED BY WORKLOAD AND
               PRODUCTIVITY MEASURES

               Goal 1:  Provide accurate and timely financial reporting.

                       Objective 1:   Monitor and report the budgetary status of all revenues and expenditures monthly and
                                     throughout the fiscal year.

                       Objective 2:   Monitor and maintain a chart of accounts, general ledger and financial management
                                     system for the timely recording of receipts and disbursements with reports distributed
                                     in a timely manner.

               Goal 2:  Continue to improve annual audit and budget preparation processes

                       Objective 1:   Coordinate annual audit for completion of the annual financial report within 120 days of
                                     fiscal year end.

                       Objective 2:   Prepare budget draft and file with City Secretary for public access within 30 days of
                                     budget hearing before budget adoption.

               Goal 3:  Meet budgetary and financial reporting awards program criteria outlined by the Government Finance
                       Officers Association (GFOA).



                       Objective 1:   Submit 2017‐2018 budget documents to GFOA for evaluation to receive the
                                     GFOA Distinguished Budget Award.



















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