The city's Accounting Services Division maintains the accounting records for city assets and fiscal activities. This division provides support services to all city departments and maintains accurate financial records and preparation of reports in compliance with the Internal Revenue Service, Franchise Tax Board, State Board of Equalization, and other governmental agencies.
Accounts Payable - processes the city's accounts payable and maintains vendor files and issues checks to vendors; files annual reports required by regulatory agencies; reviews internal controls and ensures department adherence to established payable procedures.
Accounts Receivable - maintains organization-wide accounts receivable system, including business licenses, housing stock, grant receipts and tax receipts.
Payroll - processes the city's employee payroll; files monthly and annual reports with taxing authorities and regulatory agencies; coordinates employee benefit coverage and reports with the Personnel Department; processes payments for insurance benefits and withheld taxes; and provides payroll statistics to various departments and agencies.
Investments - manages the city's investment portfolio in accordance with adopted policies and plans, including preparing cash flow projections, coordinating broker/dealer services, identifying appropriate investment vehicles and timeframes, and allocating interest earnings among funds in accordance with generally accepted accounting principles.
Fixed Assets - records capital assets. Capital assets are major assets that benefit more than a single fiscal period. Examples include land, easements, buildings, vehicles, machinery, equipment, and infrastructure.
Financial Transaction Report
Consolidated Statement of Revenues, Expenditures and Changes in Fund Balance/Working Capital
Annual Financial Report
The City's Comprehensive Annual Financial Report (CAFR) presents the financial position and result of operations of the various funds of the City for the prior fiscal year.