City Budget Information

The Financial Services Department provides financial reporting and essential support services for all City departments. The Department consists of three divisions: Contracts & Procurement Division, City Controller, and Cash Management.

The City Controller Division is responsible to:

• Maintain the accounting records for 51 funds, as well as for all projects and programs;
• Provide internal and external financial reports, including the Comprehensive Annual Financial Report 2002 CAFR, 2003 CAFR, 2004 CAFR, 2005 CAFR, 2006 CAFR, Revised Pledged Revenue Coverage for 2005
• Provide accounts payable, payroll, and other financial services support to 13 City departments;
• Monitor and assist in reporting grant expenditures;
• Process all City financial transactions;
• Manage personnel accounting for payroll and benefits and provide counseling for retirees and other separating employees regarding KPERS/KP&F and COBRA health insurance
• Manage the City's bonded indebtedness, including structuring debt issues and assuring continuing compliance with bond covenants.

This division is directed by City Controller Pam Simecka and consists of 11 other FTE employees in three sections: Accounts Payable and Disbursements Accounting; Payroll Accounting and Separation Benefits Counseling; and Debt Management and Compliance Accounting and Reporting.

The Cash Management Division is responsible to:

• Record and deposit City funds;
• Quarterly Treasurer's Report
• Monitor and assist other City Departments in established cash procedures;
• Invest City monies using professional standards of safety and liquidity to achieve maximum investment yields;
• Compile and publish Quarterly Treasurer's Report;
• Reconcile all bank accounts to the City's accounting records;
• Monitor daily bank balances and collateralization needs;
• Serve as the primary contact with the banking community and investment providers;
• Monitor and report on investments and investment earnings.

This division is directed by City Treasurer Curtis Cox and consists of two other FTE employees.

The Contracts & Procurement Division is responsible to:

• Provide an efficient, economical, and effective method of acquiring goods and services to meet the needs of our internal customers
• Ensure a fair and competitive bidding process involving all vendors: local, small business, minority, women owned, disadvantaged, large, state, and national.

This division is directed by Jay Oyler, Division Head, and consists of 8 full-time employees.