Create new annual Citywide Financial Trend Report, per the recommendations and standards of the International City/County Management Association. (Council Goal 9)
Assist in development of financing plan for waterfront development infrastructure. (Council Goals 4, 5, 6 and 7)
Complete City-wide policy and procedures for Grants, Contracts, and Leases for internal review.
Review and revise City fixed asset policies and reporting procedures to ensure compliance changes as required by Governmental Accounting Standards Board (GASB) 34, “Basic Financial Statements – and Management Discussion and Analysis – for State and Local Governments.”
Strengthen the City's cash handling procedures and policies by completing a cash handling training manual and designing a training program for all cash handlers within the City.
Internal audit plan for all City cash collection sites completed. Written procedures have been developed for all key areas. Completion of a cash training manual and training program is deferred to 2008 due to other competing projects.
Utilize outside tax audit service to continue B & O tax compliance audit program.
Work with Public Facilities District staff on 2007 bond issue to finance public improvements in the cultural district. (Council Goals 3, 5 and 6)
Add electronic payment (EFT/ACH) functionality to City’s accounts payable system.
Work with Public Works and Budget staff to research the City’s needs for consolidated financial / Enterprise Resource Planning software.
Improve the Finance Department’s ability to support other City Departments responding to emergency and disaster situations. (Council Goal 11)
