This department is responsible for ensuring that adequate controls are maintained over the use of the City's funds. Service components include: maintaining the City's accounting system, auditing bills, managing the payroll function and purchasing procedures, issuing business licenses, managing the parking districts, and collecting occupancy taxes and other city fees.
The fiscal year runs from July 1 to June 30. The Finance Department assists the City Manager in preparing a comprehensive budget which is submitted to the Council for review in May. Public hearings are held in May and June and a final version is adopted by Council by June 30. Property assessments are usually announced by the County Assessor in August, and the City must then set the tax rate by August 31. Public utilities are assessed by the State Board of Equalization. Property taxes are collected by the County Tax Collector for the City, and various other taxes are collected by the State and remitted to the City.