Finance Administration plans and directs the City’s financial activities. The Department oversees accounting, purchasing, tax collection, billing, financial reporting, debt, and investment management. Finance directs the City’s budgeting process, monitors the long-term financial plan, and prepares related policy recommendations. Additionally, the Department plans City debt issuance, and monitors the City’s utility rates to ensure financial stability of these systems. Finance is also liaison to several boards including the General Government and Finance (GGAF) Advisory Board, the Georgetown Economic Development Corporation (GEDCO), and the Georgetown Transportation Enhancement Corporation (GTEC).
Staff will present a Fiscal Year 2018 draft budget workbook to Council on July 11 and 12. The workbook contains information on potential new programs, updates to major capital improvement projects and discussion points on the property tax rate and utility rates. The City Manager’s Proposed Budget will be presented to Council on July 25. The public will have an opportunity to comment on the budget and tax rate at two public hearings on August 8 and August 15. Final reading and adoption of the FY2018 budget will be September 12.