Finance Department

Maria Kemp, CGFO, the City’s Finance Officer, has extensive experience that includes both government and private corporate finance. She has an MBA, major in Finance and a BBA, major in Accounting. She has been conferred the Certified Government Finance Officer (CGFO) designation, based upon passing a five-part examination, educational qualification and professional achievement, by the Florida Government Finance Officers Association.

The primary functions of the Finance Department are summarized below.

• Budget Compliance and Management - Responsible for development and coordination of the Annual Budget consisting of operating budgets of various departments/funds and the ten-year Capital Improvement Program
• Financial Reporting - Responsible for monthly financial reports on cash and investments, budget versus actual (with variance analysis and explanation) and Balance Sheets; the Comprehensive Annual Financial Report (CAFR) and all reports required by local, state, federal and other regulatory agencies
• Financial transactions - Operating under an internal control framework, responsible for processing and recording of cash receipts, payroll, pension and tax report preparation, verification of invoices and purchase orders, preparation of paper and electronic disbursements and monitoring of purchases, changes and annual physical inventory of property, plant and equipment.
• Investment and Financial Strategies - Responsible for implementing City’s Investment Policy, reviewing cash and investment portfolio, preparing bank reconciliations and adhering with applicable Florida State Statutes
• Debt Administration - Responsible for evaluating debt financing plan options, timely payment of interest and principal of outstanding debt and monitoring of report requirements
• Risk Management - Responsible for promotion of effective program to protect City’s property from loss or damage in conjunction with City Clerk Department
• Personnel Administration - Responsible for maintenance of City personnel files, training/development programs and familiarization with recent local, state and federal labor and employment laws in conjunction with City Clerk Department

Comprehensive Annual Financial Report -

Year Ending September 30, 2007 - PDF

Year Ending September 30, 2006 - PDF

Awards

Government Finance Officers Association - Distinguished Budget Presentation Award - October 1, 2007 - PDF

Certificate of Achievement for Excellence in Finance Reporting - For its Comprehensive Annual Fiscal Year Ending September 30, 2006 - PDF