Strategic Plan Goal: Financial Excellence & High Performing Government

Customer Service Strategy:

The Accounting Division provides a critical function to Council, other Departments and the Citizens of Durango by managing the City’s financial resources using a responsible, transparent, and customer service approach to ensure our citywide ability to meet our community’s short and long term needs and goals.

Core Functions:

  • Purchasing & P-Card Program
  • Responsible for all cash disbursement
  • Manage City’s investments in accordance with state law and City Ordinances
  • Administer grants
  • Report financial results
  • Pay employees and vendors
  • Manage receivables
  • Prepare the Annual Comprehensive Financial Report

Budget by Strategic Plan Goal

FY 2023 Total Budget: $2,201,609

FY 2023 General Fund: $2,201,609

Total FTE's: 16

Performance Results:

Financial Ratios Total Debt per capita, total revenue per capita, total expenditures per capita. This metric demonstrates conservative use of debt and a predisposition to pay cash vs. borrow, intent to increase fund balance during healthy financial years providing a buffer during lean years, the community's expectation for high service level delivery and willingness to tax themselves to support those expectations.

Vendor Survey Vendor agreement indicating the City’s procurement process is open, fair, and competitive.

Bids received for competitive solicitation by Minority/Women Owned Business Enterprises The City is developing an effort to track and monitor M/WBE in the City’s purchasing process.

Budget by Type:

Source of Funds:

Strategic Operating Actions:

1.1 Identify partnership opportunities to leverage dollars, capacities, and efficiencies, including grants and volunteers to offset city expenditures.

1.2 Strive to create clearly understandable plans & policies that establish long-term innovative financial health for all funds. Reduce organizational risk while encompassing sustainable infrastructure needs with considerations for special revenues sunsetting or reapproval.

1.3 Determine long-term revenue solutions for core services, housing innovation, storm water management considering ballot initiatives for debt service or cash funding.

1.3.1 Review and diversify investment strategies to mitigate risk on investments by developing a policy and following best practices.

2. Continuous Review of Policies & Ethical Practices

2.1 Prepare Annual Comprehensive Financial Report on time.

2.1.1 Develop or update financial policies on enterprise funds operating and capital reserves, procurement cards, grants, purchasing, and travel.

2022 Strategic Results:

  • Fund Balance Policies approved including Trash and Recycle, Airport Fund and Transportation Fund
  • Investment Policy
  • Investment Advisors contracted
  • 2005 Sales Tax reauthorization project

2023 Strategic Deliverables:

Water Fund and Sewer Fund, Debt Management Policy

Service Enhancements:

Enhancement other contracted services $37K investment advisory services and MunisRevs

Enhancement for grants management software $58K

Service Reductions:

Reduction in professional services $100K by shifting to internal staffing from outside contractors

2022 Positions:

2023 Positions: