The Finance Department is dedicated to sustaining financial strength & viability through fiscally sound financial management; insuring the highest level of customer service while providing efficient, value added services that maximize the City's financial resources and public trust.
Our Finance Department has the fiscal responsibility of maintaining and monitoring the city's budgetary process including expenditures and revenues for the fiscal year. Included in this task is:
- Accounts Receivable/Payable
- Budget Processing
- Business Licenses
- Water Bills and Trash Payments
The Annual Operating Budget and Capital
Improvement Plan (CIP) for Fiscal Year 2020/21 provides a funding road map for
the coming year that enables us to deliver cost-effective quality public
services and to provide for a safe and desirable community that enriches its
residents and businesses.
The General Fund Budget for 2020/21, despite the ongoing COVID pandemic, reflects a balanced operating budget where operating revenues exceed operating expenditures by approximately $2.6 million. This $2.6 million balance is programmed in accordance to the City Council’s 20-Year Financial Plan and the Measure HH Responsible Spending Pledge. The entire $2.6 million dollars will be set aside to rebuild City reserves. The City’s fiscal policy is guided by the 20-Year Financial Plan, which provides for long-term fiscal sustainability.
City’s 20-Year Financial Plan is typically updated twice annually. These
updates occur during the budget process and then again when the City’s annual
audit has been completed. This year, due to the economic uncertainty
caused by the COVID pandemic, the City will delay issuing an updated 20-Year
Financial Plan until the Fall of 2020. This will provide us with the
necessary time to analyze the impact that the pandemic has had on the City’s finances.