The Administration Division of the Department of Finance provides oversight and day-to-day management of the financial programs including:
Analysis and revenue and expenditure projections
Cash and investment management
Development and maintenance of long-term financial plans
Administration is also responsible for the review, analysis and implementation of town wide financial processes. Balancing internal controls and streamlining processes to promote efficient and effective processes is a primary goal of the division.
Budget & Forecasting
Finance Administration also coordinates the Town's budget process and compiles the town-wide budget document. Administration provides oversight and support to the day-to-day activities of the Accounting and Revenue Divisions.
In managing the Town Treasury, Finance Administration is guided by a written investment policy, Colorado Statutes and GASB standards. The Finance Administration manages approximately $7 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.
The Town of Monument 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.