Finance Report – January 2023

Accounting/Finance
Click here to be taken to the January 2023 Financial Report, which includes information for all funds and departments.

The annual audit for fiscal year ended June 30, 2022 was finalized in December. Staff submitted the Annual Comprehensive Financial Report (ACFR) to Government Finance Officers Association (GFOA) for consideration of the Excellence in Financial Reporting award. The City has received this award for 31 years, and expects to receive it again for the most recent reporting period.

Finance Department staff are underway with budget projections for general revenue (property taxes, franchise fees, and state shared revenue, for example), as well as personnel costs for the upcoming biennium.

Utility Billing
49 water accounts were shut off this month for non-payment. This is the highest number we have seen since before the COVID-19 pandemic. Staff has not changed any processes related to shut off, so we are hopeful this is not the new normal. If a high number of shut offs becomes more regular, staff will explore other options to ensure that payments are being made on time.