Finance Department

Andrea E. Jackson, Director

FY 07 Goals

Accounting, Budgeting and Financial Reporting

1. Develop performance measures for high priority functions and begin measurements by October 31, 2006.
2. Provide group and one-on-one refresher training in on-line requisitioning (paperless purchase orders) as needed or requested by other City departments by April 30, 2007.
3. Publish the FY 2006 CAFR and submit to the GFOA's award program by March 31, 2007.
4. Publish the FY 2006 PAFR and submit to the GFOA's award program by March 31, 2007.
5. Update the City Accounting Procedures Manual by January 31, 2007.
6. With support from Information Technology, complete the implementation of the Contract Management module of the new financial management software by February 28, 2007.
7. Complete the inventory of retroactive infrastructure (infrastructure acquired between October 1, 1979, and September 30, 2002) by March 31, 2007, to meet the requirements of the Government Accounting Standards Board.
8. Begin a continuous program of internal controls evaluations by completing evaluations of selected departments by September 30, 2007.
9. Develop and issue a request for proposals for arbitrage evaluation services and select a service provider by February 28, 2007.
10. Evaluate the functionality of and customer demand for the web extension modules for Accounts Receivable and Accounts Payable in the new financial management software and decide whether these modules should be implemented by January 31, 2007.
11. Work with Information Technology to develop a centralized paperless filing system for the Accounts Payable Office.

FY 08 Goals

Accounting, Budgeting and Financial Reporting

1. Assess results of performance measurements in fiscal 2007, revise performance measures, if needed, and continue measurements by October 31, 2007.
2. Publish the FY 2007 CAFR and submit to the GFOA's award program by March 15, 2008.
3. Publish the FY 2007 PAFR and submit to the GFOA's award program by March 31, 2008.
4. Provide group and one-on-one refresher training in on-line requisitioning (paperless purchase orders) and other modules of the financial management software as needed or requested by other City departments by April 30, 2008.
5. Continue the internal controls evaluation program by completing evaluations of selected departments, with a plan to evaluate controls in all departments over a three-year cycle, by September 30, 2008.
6. Review the City's debt policy and assess whether changes should be proposed to City Council by April 30, 2008.
7. Work with Human Resources, City Revenue Office and Water Revenue Office staff to perform spot audits of billing and payroll software functions and monitor internal control procedures by April 30, 2008.