Page 153 - CityofMansfieldFY23Budget

Department Name:
Finance/Accounting

Mission Statement:
To administer, support, and guide the financial programs of the City in an effective manner that allows for the creation and development of
the annual service programs and budgets and creditable bond ratings while providing an accounting system for safeguarding the City's assets
through the recording and reporting of financial transactions in a manner consistent with Generally Accepted Accounting Principles and
legally mandated standards.

Services Provided:
1. Management of all City funds and City's investment portfolio.
2. Oversee the City's debt and bond ratings.
3. Provide prudent financial advice to City Council , management, and staff.
4. Monthly and annual financial reports to City Council and management.
5. Coordinate and facilitate the development of the long-term strategic plan.
6. Payroll processing and W-2's for approximately 500 employees.
7. Administration of the purchase card program.
8. Capital Improvement Project account management.

CITY COUNCIL’S STRATEGIC PRIORITIES N O R T H

Noteworthy Organizational Remarkable Together Healthy
Essentials Excellence Experiences as One Economy
Consistently Strong teamand Distinctive Create Sustainable assets,
high-quality internal culture services and community financial strength &
services amenities connections growth

N O R T H
Goal #1 ● ● ●
Maintain strict financial accountability and reporting.

Objectives
1. Develop and monitor adherence to strong internal controls.
2. Revise financial policies and procedures regularly.
3. Maintain compliance with Generally Accepted Accounting Procedures
4. Routinely attend professional development.
5. Submit reports to regulatory agencies as requested.
6. Compile monthly reports to the City's management team ath the close of the month.

Actual Actual Budget Budget
Performance Measures 2019-2020 2020-2021 2021-2022 2022-2023
Unmodified audit opinion 1 1 1 1
Receive the Certificate of Achievement for Excellence in Financial
Reporting 1 1 1 1
Annual continuing professional education hours 120 120 120 120
Financial reports compiled 12 12 12 12

N O R T H
Goal #2 ● ●

Maintain financial credibility with the investment community necessary to ensure the availability of future capital spending.

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