The Finance Department works as a liaison between the city administrator, city council and other city departments, supervising all financial functions of the city and other support services, including sales tax. The department develops the budget and tracks expenditures and revenues, handles the city’s banking needs and invests excess funds. The department also completes the city’s annual audit process.
Mission
To maximize revenue and minimize costs for Cripple Creek; to ensure that all money is accounted for and appropriately received and spent.
Goals and objectives:
- Help department managers work within their budgets.
- Maximize the city’s return on excess cash; managing the city’s four funds’ cash flow on a daily basis and investing any excess in state-approved instruments.
- Refine financial processes and procedures.
- Examine the city’s long-term financial needs and develop plans to address issues.