The Finance Department is responsible for managing and overseeing the City's financial activities and investments. The City operates 14 Departments and utilizes four auxiliary accounts to maintain the City's finances. The following is a list of the City's Departments and accounts:
The General Fund Departments are funded through tax revenues, state shared revenue programs, permits/licenses, intergovernmental transfers, etc.
The City's four enterprise funds (Water, Wastewater, Sanitation, and Electric Departments) are operated by the fees charged for services. Each enterprise fund operates independently and is not supported by other Enterprise Departments, the General Fund, or other City Departments.
The City does recognize cost saving efficiencies by centralizing services. For example, each Enterprise Department uses the City Hall Department to bill and collect utility payments. Centralizing this process saves time and money which results in cost savings for our utility customers. Another example is the use of our maintenance shop where City owned vehicles and equipment are maintained and minor repairs are made.
As outlined by State law (Idaho Code 50-1001), the City's fiscal year begins October 1st and ends September 30th. Annually, the City Council prepares a balanced budget. Revenue projections are based on prior year trends, formulas set forth by the revenue sharing programs administered by the State of Idaho, and anticipated grant funding.
FY 2021-Treasurer's Quarterly Report #2 |
FY 2021-Treasurer's Quarterly Report #3 |
FY 2021-Treasurer's Quarterly Report #4 |
FY 2020-Treasurer's Quarterly Report #1 |
FY 2020-Treasurer's Quarterly Report #2 |
FY 2020-Treasurer's Quarterly Report #3 |
FY 2020-Treasurer's Quarterly Report #4 |
FY 2019-Treasurer's Quarterly Report #1 |
FY 2019-Treasurer's Quarterly Report #2 |
FY 2019-Treasurer's Quarterly Report #3 |
FY 2019-Treasurer's Quarterly Report #4 |