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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 2021.

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.

2025-2026 DRAFT City of Fountain Biennial Budget, click the following link to access the PDF:
2025-2026 DRAFT Budget

Council Approved 2024 Budget, click the following link:
Approved 2024 Budget

Final Budget Message 2023-24, click the following link:
Council Approved Final Budget Message 2023-24

To view the Council approved 2023-24 Budget, click the following link:
Council Approved 2023-24 Budget

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