Page 177 - CityofColleyvilleFY23AdoptedBudget

Finance

Kyle Lester
Finance Director

FY 2019 FY 2020 FY 2021 FY 2022 FY23
City-Wide Totals ACTUAL ACTUAL ACTUAL ACTUAL PROPOSED FY23 Changes
Finance 4.00 4.00 4.00 4.00 4.00
Utility Billing 4.00 4.00 4.00 4.00 4.00

The Finance Department services housed in the General Fund provide nancial administration, accounting and purchasing
services. In the area of nancial support, staff provides nancial reporting, payroll processing, debt payment and reconciliation,
treasury management, general ledger maintenance, coordination of the external audit, accounts payable, employee expense
report processing, monthly reports to the City Council, policy and procedure development, and maintenance and preparation of
the annual nancial report.

The Finance department aligns with the strategic point to demonstrate stewardship of public resources and provide responsive,
ef cient city services. Finance is committed to increased transparency by continually improving ways to make information
available to employees as well as citizens to support the City’s vision, mission and values.

Core Ser vices

To successfully accomplish the duties of the of ce, Finance is responsible for the following core services:

. Provide accurate, reliable reporting of nancial data
2.4- Demonstrate stewardship of public resources
Finance oversees the recording of all nancial information into the city’s accounting software. This is done in accordance with
Generally Accepted Accounting Principles to increase reliability on nancial reporting, as well as rules set by the Governmental
Accounting Standards Board.

. Manage the city’s annual budget process
2.4- Demonstrate stewardship of public resources

The nance department is responsible for coordinating and managing the annual budget process, including multi-year
forecasting and capital improvement planning. This process is set up to ensure the city does not spend or obligate more than its
annual nancial resources can cover, and it results in a legally adopted budget by the end of September each year.

City of Colleyville | Budget Book 2023 Page 177