Page 108 - City of Colleyville FY22 Adopted Budget

3. Ensu re all purchases made a re i n accordan ce wi th th e Ci ty’s purchasing policy
2.4- Demonstrate stewardship of public resources

Purchases must follow the city’s purchasing policy which was written according to
applicable laws and regulations. All purchases are approved electronically in the Munis
financial software.

4. Process payroll
2.4- Demonstrate stewardship of public resources

Paychecks are processed and sent out biweekly with attention to providing internal control
over sensitive employee information.

5. Preparation of Comprehensive Annual Financial Report (Annual Report)
1.4- Communicate thoroughly and strategically

2.4- Demonstrate stewardship of public resources
Finance staff helps prepare the city’s annual financial report that not only meets the
Government Finance Officers Association’s (GFOA) requirements, but also displays the
information in an easily accessible and readable format for citizens.

6. Man age th e Ci ty’s i nvestm ents an d debt
2.4- Demonstrate stewardship of public resources

Treasury functions, including cash
management, investments, and
debt management are handled by
the finance department. These are
critical functions that are essential
to maintaining the city’s AAA bond rating in all three areas of debt (general, utility, and
drainage). Managing the cash flow available to the organization is also critical to
planning for major projects.

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