DEPARTMENTS - FINANCE
The Finance Department is responsible for all accounting, financing, purchasing and treasury activities.
For more information, contact the finance manager.
The budget provides a complete financial plan of all city funds and activities for the ensuing fiscal year. The fiscal year begins on the first day of October and ends on the last day of September.
The city manager submits the budget to council on or before the first council meeting of August. The budget is submitted with an accompanying message from the manager, explaining it both in fiscal terms and in terms of work programs.
The council’s action on the budget includes two public hearings. These hearings allow council the opportunity to change the budget by adding or decreasing any programs or amounts, except prohibited by law. Council members then vote to adopt the budget.
Capital Improvement Program (CIP)
The CIP is a five-year plan that identifies projects and purchases, and acts as a link between the annual budget and strategic plan.
Comprehensive Annual Financial Report (CAFR)
The CAFR is a complete set of financial statements presented in conformity with accounting principles generally accepted by the United States (GAAP) and is audited by a firm of licensed certified public accountants.
The CAFR is presented in four sections:
Introduction: Contains basic information including table of contents, letter of transmittal and an organizational chart.
Financial: Contains the auditor's report, the city manager's analysis and financial statements.
Statistical: Contains financial trends, revenue and dept capacities, demographic and operating information.
Internal Control and Compliance: Contains the auditor's report.
Belle Isle's finance manager and city manager continue to receive the Certificate of Achievement for Excellence in Financial Reporting.