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5.1. SR 08-13-2007
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5.1. SR 08-13-2007
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1/21/2008 8:37:05 AM
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8/10/2007 11:58:41 AM
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<br /> <br />Goal <br />Implement GASB 43 & 45 <br />(Other post employment <br />benefits) <br /> <br />Review the long-term use of <br />the fund balance software <br />program and start imaging <br />accounts payable invoices and <br />checks, <br /> <br />Department Goals for 2008 <br /> <br />Finance <br />Tim Simon <br />Ma 3, 2007 <br /> <br />Objective( s) <br />To implement new accounting standard <br />successfully, <br /> <br />E-government and E-commerce will be <br />essential applications for the City in the <br />near future and we need a software to <br />support the change, <br /> <br />Resources Required <br />Actuarial calculation <br /> <br />New software applications, <br /> <br />Submit the 2009 budget to the To create a comprehensive budget for the Staff time, <br />GFOA review committee for public to use and a resource tool for the <br />budget presentation award, Council. <br /> <br />Create a equipment and <br />technology replacement fund, <br /> <br />Continue to present finance <br />management related policies <br />for long-range financial <br />planning, <br /> <br />To finance the long-term needs for capital <br />equipment internally and eliminate the <br />reliance of equipment certificates, <br /> <br />Start up funds from the capital <br />outlay reserve fund to finance the <br />creation of the Internal Service <br />Fund, <br /> <br />To have a long-term plan for financing the Staff and council commitment. <br />needs of the City, <br /> <br />Other Comments <br />This will be on a bi-annual basis <br />for a city our size after the first <br />year of implementation, <br /> <br />This will be financed through <br />charge-backs to the departments <br />in a similar fashion as <br />depreciation expense, <br />
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