Page 60 - Forest Hill FY22 Annual Budget

Fore]Hill

FINANCE
FUND/ DEPARTMENT/ PROGRAM: 01-06-00

I 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 I : Provide accurate and timely financial reporting
Objective I: 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 ofreceipts 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 I: 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).

Actual Budget Estimate Adopted
2019-20 2020-21 2020-21 2021-22
WORKLOAD MEASURE
Payrolls Processed 26 26 26 26
Monthly Financial Reports to City Manager 12 12 12 12
Annual Financial Reports Issued Yes Yes Yes Yes
Annual Budget Document Prepared Yes Yes Yes Yes
PRODUCTIVITY MEASURES
Percent of Payrolls Process on Time 100% 100% 100% 100%
Annual Audited Financial Report issued by Yes Yes Yes Yes
Prepare Budget Submission to the GFOA Program Yes Yes Yes Yes
EXPENDITURE SUMMARY
Personnel 315,474 263,313 360,000 386,200
Materials and Supplies 6,500 10,340 8,400 9,500
Other Services I 02,000 165,374 I 02,500 138,000
Travel & Training 9,500 3,659 5,000 5,000
Total 433,474 442,686 460,113 538,700
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