Director of Financial Services

Under the general supervision of the City Manager, directs the activities of the City’s Financial Services Department to ensure full compliance with all legal and contractual requirements. Provide professional guidance to assist decision-makers in ensuring the City’s financial security and stability is maintained. Ensure the overall goals and policies established by the elected officials are met. Provide guidance in the creation of programs, initiatives, staffing levels and other areas as necessary.

Ensure accurate and timely budget and financial information is available and provided to elected officials and other users.

Essential Employees may be required to work during a declared emergency. Depending on the nature of the emergency, this may require working around the clock for several days on short notice.

Non-Essential Employees will not be required to work during a declared emergency. The employee’s Department Head will determine when the employee will be required to work.

Carries out supervisory responsibilities in accordance with the City’s policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

• Annual Operating and Capital Budget preparation:
  Implementation and monitoring; prepare annual budget manual, calculate fixed costs, estimate revenues, establish allocations and guidelines based on policy direction or elected officials, review and propose budget for adoption, prepare annual budget document. Monitor operating results throughout the year, prepare and present quarterly budget reports. Implement and monitor performance measurements. Document annual goals and fiscal plan, establish legal guidelines and expenditures as required by law and provide guidance to City staff in administering their program and fiscal responsibilities.

• Centralized Accounting, Annual Audits and Annual Financial Reporting:
  Record, analyze, reconcile, report and cooperate with audits of all of the City’s financial transactions. Provide guidance to other City departments to assure all financial transactions are properly included and accounted for accurately and timely and that internal controls procedures are consistently followed. Assurance compliance with laws, demonstrate fiscal responsibility and assure the accuracy and fair presentation of the City’s financial position and results of operations.

• Cash Management and Investing:
  Invest idle cash pursuant to investment policy guidelines. Monitor cash balances daily and wire transfer funds as needed to maintain adequate balances, to pay debt service and payroll obligations, to cover check disbursements and to assure appropriate segregation of restricted funds. Maximize investment earnings, maintain adequate liquidity, assure safety of public funds and maintain compliance with laws and contracts.

• Debt Management:
  Pay debt service when due; prepare compliance documents as required by existing bond indentures, including periodic arbitrage calculations and returns; respond to bondholder inquiries; plan, structure, coordinate and negotiate new financings as approved by City Council and review all documents prior to issuance; develop and maintain a debt policy and debt plan. Assure compliance with bond indentures and demonstrate fiscal responsibility to citizen, bondholders, bond insurers and bond rating agencies.

• Grants and Contracts Management:
  Through review of capital improvement plans, discussions with elected officials and staff, develop funding…