Dept. Of Financial Services Goals
It's the goal to serve clients well
What Customer service?
Process of telling/showing residents how much owed for water
What is Utility Billing?
It's responsible management grants agreement
What is Grant's Department?
------- Manages the city's banking function
Treasury
------ is issued for Excellence in Financial Reporting
what is Certificate of Achievement
Is to protect city's assets
What is Safeguarding of city's assets?
------- is what you pay if you own or managed a business in the city
What is Business Tax?
----- are the categories of grants
what are Federal, State and County or Foundation?
The term for monitoring city's long-term debt is called
Debt Management
The acronym ACFR stands for?
Annual Comprehensive Financial Report
It is the essence of financial reporting?
What is Timeliness and Accuracy?
------- Department ensures prompt payment to Vendors
Accounts Payable
----- is called amount received from resident for the use of water 💧
What is Water revenue?
------- Must be completed be a vendor gets paid
W9
it is a form issued at the end of the year to vendors who met the IRS amount threshold by the city
What is IRS 1099-Miscellanous and 1099-NEC forms
Are Critical Operations managed by fiscal finance
What are Vendor payment, Utility billing and payroll?
------- Department ensures prompt payment to Employees
Payroll Department
------- is paid on property owned
What is Ad valorem tax?
-------- are a process of send payment to vendors electronically
What are Wires and ACH?
The name of the Director of Financial Services
What is Kevin E. Adderley
Standards that guides financial reporting
What are GAAP and GASB?
It is a certificate that must be completed and approved as part of the commercial business requirement to operate within they city.
What is Certificate of Use?
--------- is the name of grants use for street improvement
Broward County Transit Surtax Grant
Checks not claimed by vendors or employees are sent to -------
Florida unclaimed property
Two out out of the Department Financial services Mission statement
To maintain the accounting records of the City, provide accurate and timely financial reporting, ensure the protection of City assets by establishing and maintaining adequate internal controls, and to provide training and communication to all areas of the City as it pertains to the accounting and internal control functions.