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Finance

Finance

WELCOME TO THE FINANCE DEPARTMENT
The Finance Department provides support to all departments within City government. 

2018 City of Fountain Financial Statements.pdf
DEPARTMENT FUNCTIONS
Functions of the Finance Department include:
  • Financial Reporting
  • Budget
  • Accounting
  • Payroll
  • Accounts Payable
  • Cash Management & Investments
  • Insurance
  • Capital Improvement Program (CIP)
  • Debt Management

FINANCIAL REPORTS
The Comprehensive Annual Financial Report (CAFR) represents an annual review of the City's audited financial statements and paints a picture of the City's financial status.  The City has been awarded the Government Finance Officer Association's Certificate of Achievement in Financial Reporting for the CAFR from 2010 to 2015.

Click on this link to access the City's most recent CAFR.
ANNUAL BUDGET
The budget for the City of Fountain establishes spending priorities for each calendar year, running from January 1 through December 31. The Finance Director works with the City Manager and departmental directors and managers to deliver a proposed budget for approval by City Council. Council in turn reviews and provides direction to City staff for modification, and then ultimately approves the budget by the end of the year.

The City's current budget is published as a PDF document and requires Adobe Reader or a compatible application to view. The document is large and may take a while to download on slow connections.

To download the current budget, click this link:  FY 2019-2020 Fountain Budget.pdf

To download a copy of the City's current Financial Policy, click this link: 2020 Financial Policies and Procedures