FINANCIAL MANAGEMENT & STRATEGIC PLANNING
BUDGET SUMMARY
Financial Management and Strategic Planning (FMSP) is responsible for accounting, treasury, debt administration, payroll, budget, and purchasing functions. FMSP serves the City Council, City Commissions, City Manager, City departments, employees, and residents of Irvine. The department’s budget includes General Fund expenditures and cost
allocations for FY 2019-20 of $5,790,579 and revenues of $281,118, and for FY 2020-21 of $5,866,671 and revenues of $295,296. The large decrease in the budget compared to the previous year is due to the City’s reorganization of Human Resources, Risk Management, and Information Technology into a separate department to better serve the City. The budget provides funding for a total of 36 full-time and 0.8 part- time employees (in FTEs), as well as five Finance Commissioners for both the General Fund and all Special Funds.
Strategic Goals
Maintain and enhance the physical environment
Promote a safe and secure community
Promote economic prosperity
Promote effective government
Strategic Goals & Objectives
Provide purchasing, budget, and financial support to all departments
✔
✔
✔
✔
Provide efficient government services that minimize the cost of services to the community Provide and add value to the community with quality services and infrastructure enhancements through the administration of the City’s financial assets
✔
✔
Effectively manage City debt to maintain the highest possible credit rating
✔
Managed the City’s investment portfolio with a continued goal of increasing returns on investment
✔
Monitor conduit debt to provide the lowest possible costs for property owners
✔
Provide professional, effective and efficient support services
✔
Establish standards for employee conduct, financial transactions and the purchase of goods and services
✔
FY 2019-21 Proposed Budget
133
Made with FlippingBook Learn more on our blog