HomeMy WebLinkAboutFinance Department Goals for Next 5 Years-04-30-14Finance Department Goals for Next 5 Years:
New 401K Plan (May 16, 2014)
Provides more online capabilities and resources to help the employee manage their investment portfolios. For Example: Loan and enrollment notification process will become paperless.
Reduces the workload of our payroll clerk and costs should go down as the fund portfolio grows. For Example: No more manual input and reporting. Employees can perform more functions
online.
Provides more investment options. For Example: Target Funds, Real Estate, Small and Mid-cap options in addition to our prior options.
Possible New Software-We suggest saving for it now, so we are ready to purchase it in the future if necessary
Would be coordinated in conjunction with other departments
We would like to continue to enhance our website
HR- Process to complete new hire paperwork or get employment forms online
Finance- Frequently asked questions-Utility bills and Special Assessments
Continue to streamline our processes to become more efficient
We have tripled in our transactions over the last 8 years and only added 1 employee
Made possible with joint efforts from other departments, new POS systems, and a greater online presence for receipting payments
Enhanced monthly reports for City Council members and public
Dashboard Monthly report and more useful reports online
Go paperless on Dept. Head and City Council approval of bills
Would require scanning bills in advance, rather than after receiving approvals