Finance
The Finance Department is responsible for all fiscal activities of the City. The Finance Department's mission is to provide the City with financial information and financial planning, maintain financial operations, provide continued improvement to existing financial systems and to maintain fiscal viability of the City as a whole.
SUMMARY OF DEPARTMENTAL ACTIVITIES AND RESPONSIBILITIES
The Finance Department performs the following responsibilities in service to our customers and the citizens of Issaquah:
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Prepare and monitor budgetary and financial information. This includes internal services; user rate analysis; revenue forecasting; preparation of operation and capital budget; analyzing optimal fund balances and reserve requirements; and preparing various City, state and federal financial reports and analyses.
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ProvideCash control, investment of City funds and debt service payment processing
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Provide financing through issuance of bonds, Interfund loans, etc
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Provide financial record keeping including budgeting, accounting, reporting, audit assistance, grant accounting, ongoing balancing and control, and fixed asset control
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Process payroll, which includes federal and state reporting for taxes, retirement, and miscellaneous deduction
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Process vendor payments
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Local Improvement District (LID) records and payment management
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Responsible for Risk Management services including coordination of insurance claims and accident reports, claims for damages, as well as contract administration and project management.
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Administer City's Accounts Receivable system
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