Finance

2025 Budget

$16,712,159

50.90 FTE

Department Overview:

The Finance Department is an innovative leader and partner in fiscal stewardship. The department manages, protects and reports on the City of Boulder's financial resources to enhance the city's financial condition and, in partnership, develops financial strategies to meet community priorities, ensure financial transparency and build trust in government. The department provides a diverse portfolio of programs and services to the community and the organization. The expert, well-trained and committed team is engaged with our customers, guided by and adhere to sound fiscal systems and policies, and dedicated to continuous improvement.

Summary of 2025 Budget Enhancements and Realignments:

1) Continuation of Existing Fixed-Term Position Request and training realignment: $59,000 - through June 30, 2025. This fixed-term extension request is the IT Administrator I position to be extended through June 30, 2025 to continue to support the Munis system as it is used to prepare 2024 Financial statements, support the Workday post-go-live, and assist with other related projects to assist in ensuring a smooth transition. Specifically, this would help the department achieve the outcome of efficient service delivery that supports departments functional strengths and the outcome of supporting sound fiscal management.

Department Programs:

Operating Budget (FY2023-2025)

Expenditure by Program

Program Overview

Administration

Provides strategic financial direction for the organization, directs financial programs and activities, communicates and collaborates with city departments related to city financial matters.

Accounting, Treasury, Accounts Payable / Accounts Receivable

Responsible for the daily fiscal operations that include accounts payable, accounts receivable, fixed asset reporting, cash receipting, collections, general ledger maintenance, project tracking, purchasing card administration and all financial reporting needs.

Budget & Grants

Coordinates citywide operating budget development activities, collaborates with the Planning & Development Service Department and other departments to create the Capital Improvement Program (CIP), provides budgetary support and guidance to city departments, performs budgetary forecasting and analysis, engages in long-range financial planning, provide centralized grants coordination and management, and performs policy analysis at the request of the City Manager.

Payroll

Provides accurate bi-weekly payroll, ensures employment tax compliance, makes pension, benefit plan, and other required remittances.

Purchasing

Assists project managers in all departments to help ensure purchases of goods and services are compliant with procurement rules and provide the best overall value to the city.

Regulatory Licensing

Works with businesses to process new or renewing regulatory licenses such as liquor licenses, medical and recreational marijuana business licenses, hemp licenses, special event licenses and other miscellaneous licenses.

Risk Management

Oversees the city’s general liability and workers compensation programs managing the insurance portfolio, managing and processing claims, developing a robust and comprehensive safety program, ensuring compliance with the Americans with Disabilities Act and Title VI, and prioritizing and conducting internal audits or program reviews.

Taxpayer Services & Compliance

Provides business licensing (sales tax licensing), tax collection, reporting, education, and compliance functions for sales and use taxes, accommodation taxes, admission taxes, and other city transactional taxes for over 13,000 licensed businesses.