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Finance

Finance

WELCOME TO THE FINANCE DEPARTMENT
The Finance Department provides support to all departments within City government. 

DEPARTMENT FUNCTIONS
Functions of the Finance Department include:
  • Financial Reporting
  • Budget
  • Accounting
  • Payroll
  • Accounts Payable
  • Cash Management & Investments
  • Insurance
  • Capital Improvement Program (CIP)
  • Debt Management

FINANCIAL REPORTS
The Annual Comprehensive Financial Report (ACFR) formally known as Comprehensive Annual Financial Report (CAFR) represents an annual review of the City's audited financial statements and paints a picture of the City's financial status.  The City has been awarded the Government Finance Officer Association's Certificate of Achievement in Financial Reporting for the ACFR from 2010 to 2019.

Click on this link to access the City's most recent ACFR.
ANNUAL BUDGET
The budget for the City of Fountain establishes spending priorities for each calendar year, running from January 1 through December 31. The Finance Director works with the City Manager and departmental directors and managers to deliver a proposed budget for approval by City Council. Council in turn reviews and provides direction to City staff for modification, and then ultimately approves the budget by the end of the year.

Final Budget Message 2023-24 LINK

The DRAFT 2023-24 Budget (not yet Council approved), can be found by clicking this LINK

The City of Fountain presents to the community a balanced budget for 2021-2022. 
To download the current City of Fountain Budget Message, click here:  2021-2022 City of Fountain Budget Message

To download the current budget, click this link:  2021-2022 City of Fountain Budget

To download the Council approved 2022 budget, click this link: 
2022 Council Approved Budget 

To download a PDF copy of the 2021-2022 Budget, click this link:  2021-2022 Fountain Budget PDF

To download a copy of the City's current Financial Policy, click this link: 2020 Financial Policies and Procedures