Finance
Department
Finance Department General Fund Budget
Personnel Services
4,476,613
79.8%
Operating Expenses
1,132,613
20.2%
Expenditure Budget - $5,609,226
Business License
2,250,000
83.2%
Oil Well Taxes License
400,000
14.8%
Miscellaneous License
55,000
2.0%
Revenue Budget - $2,705,000
3.5 2
13 5 5
Total 28.5 FTE’s
Finance Dept - Key Transparency Documents
Past
ACFR / PAFR
Present Future
Budget
Long-Range Financial
Plan
Finance Department Divisions & Services
Provide financial management of the City's complex financial activities, through the planning, organizing, directing, and effective decision making. The department is divided into four divisions:
Finance Administration Budget Management Accounting Services Business License • Work with City
Departments to meet
Strategic Plan Objectives
• Analysis & Planning of
City’s Financial Resources
• Long Range Financial
Planning
• Support Finance
Commission
• Ensure compliance with
Federal, State, & local law
• Oversee Call Center
• Redevelopment dissolution
• Develop & prepare
Annual Budget and CIP
• Monitor & oversee
Citywide Budget
• Develop short & long-
term financial projections
• Evaluate fiscal impacts
of recommended actions
• Manage citywide
procurement activities
• Oversee citywide
printing & mail
operations
• General Accounting &
Reporting
• Payroll
• Accounts
Payable/Receivable
• Utility Billing
• Prepares City's Annual
Comprehensive Financial
Report (ACFR)
• Maintains internal controls
to safeguard City assets
• Manages the City's
bonds, & other capital
financing
• Manages Business
License operations
• Ensures all individuals &
companies doing
business in the City are
licensed
• License more than 134
oil wells
• Collect the assessments
for the downtown BID
Operations & Annual Performance Data
Provide billing services for 53,000 accounts for water, sewer, andtrash/recycling.
Maintain ~19,000 business licenses and issue 3,000 new business licenses.
Prepare annual financial reports including the State Controller’s Report, State Street Report, Measure M Report, Employee Compensation Report and other federal and state mandated reports.
Maintain AAA Fitch rating since 2014 / Government Finance Officers Association (GFOA) - Triple Crown Winner.
HB Call Center takes in over 19,000 calls per year.
Process ~34,000 payroll advices and checks.
Review and approve ~5,000 purchase orders.
Process ~36,000 accounts payable invoices and ~6,000 accounts receivable invoices.
Questions?