The Department of Finance is the fiscal office of the City. All financial receipts and disbursements are administered through this department. The responsibilities of the Finance Department include, but are not limited to: financial planning and reporting, payroll and retirement systems management, cash and investment managements, risk management support, purchasing, capital asset management, and record retention. Additionally, the Finance Director serves as the city's Human Resources Manager.
The department's goals and objectives are to protect and maintain the integrity of the city's finances through sound, efficient and ethical account practices. Furthermore, the department's goal is to provide accurate and timely records, to invest all of the city's idle funds safely and in compliance with the Ohio Revised Code, to be at all times fiscally responsible, to assure that debt and other obligations are settled in a timely manner, and to maximize revenues to which the City is legally entitled.
The 2013 annual budget (all funds) is approximately $26.55-million and consists of forty-two funds. The city prepares a Comprehensive Annual Financial Report (CAFR) which is subject to an annual audit conducted through the Ohio Auditor's Office to ensure the City is in compliance with applicable laws and regulations.
The Finance Department is managed by the Finance Director, Jamie Nicholson. The Finance Director's responsibilities are governed by the City Charter which provides for the keep of financial records, establishing and maintaining accounting systems, preparation of financial records and reports to be used by other offices and departments, and assist the City Administrator in the preparation and submission of appropriation measures, estimates, budgets, capital programs, and other financial matters related to the City.
The Finance Director is assisted by the Finance Manager, Janice Smith, who is responsible for managing the daily operations of the department. The Finance Manager oversees purchasing, payroll management, collection and deposit of receipts, and working closely with the Finance Director and all city departments.