Finance

The Finance Director/City Treasurer is the Chief Financial Officer of the City. Responsibilities include:

• Provides financial information and advice to City Council and Staff
• Preparation of the City's annual budget
• Preparation of the City's audited financial statements
• Investment of idle City funds
• Monitors collection of revenue
• Monitors expenditure of funds
• Administers self-insured employee benefit programs

The Finance Department is responsible for utility billing, animal and business licensing, collections, accounts payable, investments, budgetary control, financial reporting, payroll and purchasing. The department also provides support to the Community Development Commission and the Rohnert Park Housing Financing Authority.

In addition to the responsibilities above, the Department performs feasibility studies and investment analyses, prepares long-term financial projections, assists with financial studies, and evaluates the cost of additional employee benefits for negotiations.

Finance Software Vendor: Springbrook Software

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Sandy Lipitz
Finance Director/City Treasurer

Department: Finance
City Phone: (707) 585-6700
City Fax: (707) 794-9248

Comprehensive Annual Financial Report

The Comprehensive Annual Financial Report (CAFR) is the audited financial document for the City. This report has won the Government Finance Officers Association and California Municipal Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting every year for the past twenty years.

Budget

Annually, the Finance Department prepares the budget for the City and the Community Development Commission. The City budget includes the General Fund, Enterprise Funds, Special Revenue Funds and Capital Projects Fund. This report is used by City Council to approve programs, capital projects and staffing for the fiscal year, as well as monitor performance during the year.

Retiree Healthcare Plan Actuarial Valuation as of July 1, 2008 For Fiscal Year 2008/09 GASB 45

This bi-annual report contains the July 1, 2008, actuarial valuation for the City’s Retiree Healthcare Plan (“Plan”). The purpose of this valuation is to (1) determine the Plan benefit obligations as of July 1, 2008, pursuant to Governmental Accounting Standards Board Statement No. 45 (“GASB 45”); and (2) calculate the City’s 2008/09 and 2009/10 Annual Required Contributions for the Plan pursuant to GASB 45.