The Finance Department is committed to supporting the citizens of Palmer, the City Council and the City administration team, by ensuring correct controls and procedures are in place to manage and protect the public’s sources. Its major operate is to properly budget, account for and report promptly on all revenues and expenditures for the City of Palmer.
The delivery of providers offered by the Finance Department is anticipated to meet the wants of those we serve and to reflect positively on the City of Palmer. To function and preserve the Municipality, provide municipal services similar to rubbish collection, road lighting, street maintenance and public security. In this function, the finance department works with managers to organize the corporate’s budgets and forecasts and also give suggestions as regards to the monetary standing of the corporate.
Few businesses are able to operate completely on the income that they generate by way of sales and services. There are normally intervals when outlays for inventory and capital enhancements exceed incoming money, and conversely, there are occasions when revenue is plentiful enough to make up for these shortfalls. The finance department is liable for managing this rhythm so your company does not run out of money to pay its payments and in addition would not pay an excessive amount of in curiosity bills.
Leaders also must know the way a enterprise is performing financially general so as to make choices about when to tighten expenditures and when to take risks. A healthy business is always evolving, and its finance department is in command of making ready and evaluating budgets that address the issue of how you will pay for brand new projects. Your business can also have sluggish occasions of the yr or durations when foreseen and unexpected circumstances damage your backside line. The finance department is responsible for laying out a transparent plan for navigating this difficult territory.