Page 47 - Forest Hill FY20 Annual Budget

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 GOALS AND OBJECTIVES MEASURED BY WORKLOAD &
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, to include processing of payroll and accounts
payable on scheduled basis.
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 awards program criteria outlined by the Government Finance Officers
Association (GFOA).

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