Chief Fiscal Officer

Transcription

1 Mayor 5-1

2 Description The (CFO) manages the financial activity of the Municipality of Anchorage to provide accurate and timely financial information for strategic planning, budget, management and decision support to the Mayor, elected officials and general public. Department Services Maintain current level of service with the increasing demands placed upon the department CFO manages the following: o Finance Department o Information Technology Department o Purchasing Department o Office of Management and Budget o 49 th State Angel Fund Development of six year fiscal plan which focuses on key issues related to present and future public services, fiscal policies and capital improvement and also presents options of addressing future fiscal requirements. Oversee the 49 th State Angel Fund (49SAF) Program. The Program was created after the Municipality was awarded a federal allocation of $13.2 million from the State Small Business Credit Initiative (SSBCI). The Program provides funding to early-stage highgrowth businesses that show significant economic potential either through direct investment in Anchorage-based businesses or by taking a partnership interest in locally-focused angel or venture capital funds. 5-2

3 Department Summary 2011 Actuals 2012 Revised 2013 Proposed 13 v 12 % Chg Direct Cost by Division CFO - Admin 5,377, , , % Direct Cost Total 5,377, , , % Intragovernmental Charges Charges by Other Departments 183, , , % Charges to Other Departments (480,594) (811,553) (917,708) 13.08% Function Cost Total 5,080,310 (2) - <104.28%> Program Generated Revenue (47,407) - - Net Cost Total 5,032,903 (2) - <104.28%> Direct Cost by Category Personnel 291, , , % Supplies 1,802 3,000 3,000 - Travel - 5,000 5,000 - Contractual/OtherServices 5,083, , ,704 <45.65%> Debt Service/Depreciation Direct Cost Total 5,377, , , % Position Summary as Budgeted Full-Time Part-Time Position Total

4 Reconciliation from 2012 Revised Budget to 2013 Proposed Budget Positions Direct Costs FT PT T 2012 Revised Budget 635, One-Time Requirements Transfers (to)/from Other Agencies Debt Service Changes Changes in Existing Programs/Funding for Salary and benefits adjustments including adding position of Management Systems Officer funded by reduction in non-labor professional services Continuation Level 7, , One-Time Requirements Transfers (to)/from Other Agencies 2013 Proposed Budget Changes 2013 Proposed Budget 642,

5 Division Summary CFO - Admin (Dept ID # 1370) 2011 Actuals 2012 Revised 2013 Proposed 13 v 12 % Chg Direct Cost by Category Salaries and Benefits 291, , , % Supplies 1,802 3,000 3,000 - Travel - 5,000 5,000 - Contractual/Other Services 5,083, , ,704 <45.65%> Manageable Direct Cost Total 5,377, , , % Debt Service, Depreciation Direct Cost Total 5,377, , , % Revenue by Fund Fund Areawide General 47, Revenue Total 47, Positions as Budgeted 2011 Revised 2012 Revised 2013 Proposed Full Time Part Time Full Time Part Time Full Time Part Time Administrative Officer Executive Assistant I Management Systems Officer II Positions as Budgeted Total

6 Division Detail CFO - Admin (Dept ID # 1370) 2011 Actuals 2012 Revised 2013 Proposed 13 v 12 % Chg Direct Cost by Category Salaries and Benefits Straight Time Labor 178, , , % Leave/Holiday Accruals 18,353 2,674 3, % Benefits 94,988 99, , % Salaries and Benefits Total 291, , , % Supplies 1,802 3,000 3,000 - Travel - 5,000 5,000 - Contractual/Other Services 5,083, , ,704 <45.65%> Manageable Direct Cost Total 5,377, , , % Debt Service, Depreciation Direct Cost Total 5,377, , , % Intra-Governmental Charges Charges By Other Departments 183, , , % Charges to Other Departments (480,594) (811,553) (917,708) 13.08% Program Generated Revenue Contributions Other Funds 46, Prior Yr Expense Recovery Program Generated Revenue Total 47, Net Cost Manageable Direct Cost 5,377, , , % Debt Service, Depreciation Charges By Other Departments 183, , , % Charges to Other Departments (480,594) (811,553) (917,708) 13.08% Program Generated Revenue (47,407) Net Cost Total 5,032,903 (2) - <104.28%> 5-6

7 Operating Grant and Alternative Funded Programs Amount Expected Expected Award Expended Expenditures Balance at Personnel Program Grant Program Dept ID Amount As of 12/31/2012 in 2013 End of 2013 FT PT T Expiration Title of Program ,168,350 4,252,000 8,806, , May-17 Federal - US Treasury SSBCI: State Small Business Credit Initiative Stimulus money which the Muni applied for and was allocated to invest in venture capital Total Funding 4,252,000 8,806, , Total Direct Costs 642, Total Funding and Direct Costs 9,448, Note: The goal is that in Q2 2014, the bulk of the program will be either handed off to the existing finance dept. for monitoring Municipal equity positions and limited partnerships, and the appropriate dept. within the municipality to maintain our compliance with US Treasury for the allocation, keeping reporting going, etc. A second option: These roles may be serviced under the auspices of a new entity spun off from 49SAF. 5-7

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