Recommended FY 2022-2024 Operating Budget and CIP

Finance

010.2510

Division Description The Finance Division maintains the financial records of the City and prepares financial and statistical data applicable to all funds of the City and the Successor Agency to the former Redevelopment Agency. Responsibilities include cash management; investment; budgeting; financial forecasting; accounting; cashier operations; business license administration; debt management; payroll; purchasing; payables; receivables (including billing and collection of City accounts); financial system information; and support to other departments. Finance works closely with the elected City Treasurer to assure timely and appropriate investment of City funds, in compliance with the City’s Investment Policy and Procedures. FY 2020-21 and 2021-22 Accomplishments • The City received an award from the Government Finance Officers Association (GFOA) for achieving the highest standards in governmental accounting and financial reporting for the FY 2019-20 Comprehensive Annual Financial Report; the City has received the award 26 consecutive years • The City received the GFOA and California Society of Municipal Finance Officers (CSMFO) awards for excellence in budgeting for the FY 2020-22 Biennial Operating and Capital Improvement Program (CIP) Budget • Completed an update to the City’s Cost Allocation Plan • Implemented new budgeting software • Worked with the Leadership Team and City Council to appropriate American Rescue Plan Act (ARPA) funds • Completed comprehensive Planning and Land Development Engineering fee study FY 2022-23 and 2023-24 Activity Goals • Begin the implementation of a new enterprise resource planning (ERP) solution, integrating the City’s finances, payroll, human resources, purchasing, and more (Fiscal Sustainability) • Continue to safeguard City’s assets and maintain and implement appropriate controls to ensure financial compliance with regulations (Fiscal Sustainability) • Continue City tradition of developing a prudent and balanced budget with effective long-term financial planning (Fiscal Sustainability) • Continue representation of Morgan Hill through participation in regional associations relating to Finance such as: Cal Cities, California Society of Municipal Finance Officers, California Municipal Revenue and Tax Association, Association for Government Accountants (AGA), and County of Santa Clara Finance Officers Group (Advancing Regional Initiatives)

148

ADMINISTRATIVE SERVICES