The responsibility of the Accounting Division is to maintain the City’s financial records and prepare quarterly and annual financial statements. This is done in accordance with Generally Accepted Account Principles (GAAP) and Governmental Accounting Standards Board (GASB) pronouncements. Pursuant to this requirement, the Accounting Division provides a complete set of financial statements presented in compliance with GAAP and audited in accordance with generally accepted auditing standards.
The division is responsible for the books of original entry for the assets, liabilities, revenues and expenditures of the City. Payroll, accounts payable and accounts receivable functions are also provided. All transactions and funds are monitored for accuracy and proper accounting methods. An annual audited financial report, required by State stature, is produced and expanded into a Comprehensive Annual Financial Report (CAFR). Periodic and special reports are provided to all departments and the City Manager. These reports provide actual revenue & expenditures for the previous and current fiscal years as compared to budgeted amounts. Any questions or discrepancies are handled through the Accounting Division.
The division manages the city’s investments, debt portfolios, banking relations, and serves as the liaison to the City’s Police and Fire Pension Boards. The Accounting Department is also responsible for cash management and supports other City Departments by processing specialized billings, accounts payable, payroll and other accounting services.
Awards – The City has received the prestigious Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) since 1983.
Comprehensive Annual Financial Reports (CAFRs):
Community Redevelopment Agency Annual Reports: