AGENDA TITLE:
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Receive and File a Verbal Report on the Finance Divisions Observations (CM)
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MEETING DATE:
February 11, 2025
PREPARED BY:
Bobby Magee, Interim Assistant City Manager
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RECOMMENDED ACTION:
Receive and File a Verbal Report on the Finance Divisions Observations.
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BACKGROUND INFORMATION:
In December 2024, the City Manager directed staff to study the operational aspects of the three Finance divisions, including Accounting, Budget, and Revenue Services. While the process is ongoing, initial observations included over 50 items recommended by staff as functional areas, processes, and current workload efforts that could be improved upon.
Each of these items was assessed by attaching a risk factor associated with taking no further action. Once the risk factor was applied, a priority list of projects was developed and documented for future action. Staff has begun to take corrective action on many of the identified tasks; however, several of the items are multiple months or years in arrears.
Staff has developed a verbal presentation to discuss the various risk factors, priorities, plans for addressing several of the higher-priority items, and recovery plans for items currently in arrears.
STRATEGIC VISION:
3A. Fiscal Health: Promote City's transparency & fiscal fluency.
FISCAL IMPACT:
There is no fiscal impact to receiving and filing the verbal report.
FUNDING AVAILABLE:
Not applicable.
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Scott R. Carney
City Manager