FINANCE Profile
The Finance Department is comprised of 4 full-time positions including: a Finance Director, Accounting Manager, Accounts Payable Administrator and Payroll Administrator. The Finance Department is responsible for coordinating and directing the financial activities of the District including: maintaining the accounting system and the related financial controls, managing revenue collections, miscellaneous billings, accounts payable, payroll, budget creation and management, cash management, investing funds, financial reporting, debt management
and establishing and maintaining proper internal controls to safeguard District assets. One of the main goals of the Department is to continue maintaining public confidence in the financial stability of the District. This is achieved through the maintaining of the District’s Aaa rating from Moody’s Investor Services and by continuing to receive the annual Government Finance Officers Association Excellence in Financial Reporting Award. Providing accurate and timely financial reports and continuing to
receive an unqualified audit opinion are also ongoing goals of the department. In August 2024, the District received a Aaa rating on its 2024 General Obligation refunding of bonds along with the entire outstanding General Obligation debt portfolio. The District has maintained a Aaa rating since 2008.
FINAL 2022 FINAL 2023 BUDGET 2024 PROJECTIONS 2024 BUDGET 2025 2025 VS. 2024 PROJ %
FINANCE
2025 VS. 2024 BUDGET %
REVENUE Miscellaneous Total Revenue
$30,646 30,646
$28,031
$24,272 24,272
$24,889 24,889
$17,184
($7,705)
-31% -31%
($7,088)
-29% -29%
28,031
17,184
(7,705)
(7,088)
EXPENSES Wages & Benefits
483,718
507,106
528,025
528,713
552,982
24,269 5% 950 48% 1,443 3%
24,957 5% 925 46% 3,738 7% -1,200 0% 2,000 7% 30,420 5%
Supplies
619
1,634
2,025
2,000
2,950 57,403
Contractual Services
39,613
47,286
53,665
55,960
Capital Projects Miscellaneous
1,200
0 0%
16,806
17,826
30,000 614,915
27,200 613,873
32,000 645,335 ($628,151)
4,800 18% 31,462 5%
Total Expenditures Surplus/(Deficit)
540,756 573,852
($510,110)
($545,821)
($590,643)
($588,984)
($39,167)
7%
($37,508)
6%
2025 BUDGET 33
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