The City Finance Department is responsible for the cash receipting, accounting, investments, budgeting, banking, borrowing, and financial reporting of all City and Water Utility operations. This includes the maintenance of all financial records for the City and Water Utility, billing and collections, accounts payable processing, managing the City's borrowing, and processing payroll for all City employees. The Director is responsible for cash management and investment management with the assistance of an outside investment manager. The Department is also responsible for property tax collections for the City and the other taxing jurisdictions from December through July of each year. Long-term department goals include increasing automation of accounting and treasury functions to improve efficiency of services to other City departments and the public, increasing the knowledge of department staff, and maintaining timely, quality, and useful financial information to City officials and citizens.
SERVICES:
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Serves as the City's Chief Financial Officer.
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Prepares monthly, quarterly, and annual financial statements.
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Prepares the annual comprehensive financial statements and coordination of the annual audit (ACFR).
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Prepares required State of Wisconsin financial reports and forms.
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Coordinates and supervises the preparation of the annual City budget.
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Property tax collection and settlement with other governments.
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Implements borrowing strategies and supervises all City borrowing.
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Disburses monies to vendors. Processes payroll for all City employees.
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Billing and collection for City services provided including special assessments, weed control, development inspection, and other services.
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Financial support and advice to the Franklin Water Utility.
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Financial support and advice regarding the TIF Districts and the Community Development Authority.
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Cash management and investment of City funds.
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Receipting of all monies paid to the City.
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Manages City bank accounts.
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Dog and cat licensing.