Administration

The Administration program for the Department of Finance provides oversight and day-to-day management of financial programs including banking, cash and investment management, debt management, development and maintenance of long-term financial plans and analysis, and revenue and expenditure projections. Administration is also responsible for the review, analysis, and implementation of citywide financial processes. Balancing internal controls and streamlining processes to promote efficient and effective processes is a primary goal of the program. The Finance Administration program also coordinates the City's budget process and compiles the citywide budget document. Administration provides oversight and support to the day-to day activities of the Accounting, Property & Purchasings Services, and Revenue divisions within the department.

Administration Staff:

Budget and Forecasting:

2010 Budget (click to view details)

Finance Administration coordinates and compiles the citywide budget document. The budget process, guidelines, assumptions, and training are coordinated and provided through this division. The budget incorporates 22 Funds and over 400 city programs. Administration ensures that the budget is in compliance with City Charter, Colorado Local Government Budget Law, and GASB (Governmental Accounting Standards Board).

The Budget in Brief for the any of the last five years (2006, 2007, 2008, 2009, or 2010) or the Approved Budget Document for the last four years (2006, 2007, 2008, and 2009) are now available online by clicking on Budgets.

Treasury:

In managing the City Treasury, Finance Administration is guided by a written investment policy, Colorado Statutes and the Lakewood City Charter. The Finance Administration manages approximately $50 million in cash, bank deposits and securities. Coupled with regular analysis of revenue and expenditures, consistent efforts are made to match investment maturities with obligations.

Investment Policy - (PDF File)

Debt Management:

The City has various formal financial arrangements that require ongoing direct management. Among other functions, Finance Administration budgets for annual payment obligations, analyzes arbitrage liabilities and maintains covenant compliance.

Debt Policy

Bond/COP Outstanding Issues - (PDF File)

Lakewood Fiscal Facts:

The following files identify ten fiscal facts concerning the City and are in PDF format:

2010 Lakewood Fiscal Facts

2009 Lakewood Fiscal Facts

2008 Lakewood Fiscal Facts

2007 Lakewood Fiscal Facts

2006 Lakewood Fiscal Facts

Email the Finance Department

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