Finance Director

ESSENTIAL DUTIES AND RESPONSIBILITIES

Manage all aspects of financial affairs, including payroll procedures, requisitions, and related functions. Direct and coordinate preparation of the annual city budget and monitor expenditure by providing a monthly budget review to all departments. Maintain compliance with Arkansas Municipal Accounting Law. Supervise finance department staff. Monitor city expenditures and revenues to ensure compliance with the adopted budget; prepare cash flow projections and budget reports as necessary. Handle all treasurer duties according to Arkansas State Statute. Assist departments in monitoring expenditures under grants and monitor grant compliance. Review maintenance of the fixed asset and depreciation schedules. Review and report on financial projects that affect the city directly or indirectly. Assist in the management of investments of excess money after acquiring bids on interest rates and determining yield. Provide full disclosure of the financial position of all funds, appropriations, and accounts of the City. Provide data and ensure completion of an annual audit of the city's financials, Wastewater Utility Audit and Single audit as necessary. Work with an Independent Auditor to develop internal audit procedures. Plan, organize, and direct the city’s financial affairs including accounting and reporting, finance administration, treasury management, debt management, and budget. Serve as custodian of all the public monies, funds, notes, bonds, and other securities belonging to the City. Direct proper collection of all City revenues and make all payments upon properly executed payment vouchers or authorization. Assist other departments with purchasing upon request. Direct preparation of complete statements of receipts, payments, and cash financial position of the City as well as annual financial statements in conformity with generally accepted accounting principles and Government Finance Officers. Direct development and implementation of a sound debt structure to ensure a strong financial position for the City. Oversee contract management and compliance for all departments. Advise Mayor regarding internal control systems; recommend new or revised fiscal policies and methods. Recommend ordinances and resolutions and major operational adjustments as required to safeguard the validity and reliability of financial reporting systems. Participate in long-range and short-range planning for City finances and impact on future City operations. Monitor various state and federal legislative proposals that may impact the City’s financial affairs. #J-18808-Ljbffr City of Sherwood