Accounting & Budgeting
Staff & Accomplishments
Director Ross Hyatt heads up a staff of six consisting of the assistant finance director, management assistant, utility supervisor, and three account clerks.
“The department is progressive for its size. With a small staff we have received the distinguished budget award from the Government Finance Officers Association (GFOA) for the third year and we recently submitted the Comprehensive Annual Financial Report to GFOA for consideration."
The GFOA has nationally recognized guidelines for budget presentation. The award means we met those guidelines. Our goal with the budget document is to measure performance while being transparent and accountable to the public. Our budget document is used as a financial plan, operations guide and communication device. Only two other entities in Idaho have received the award.
The finance department manages an average annual city budget of $15 million. The budget consists of eight significant funds, which include the governmental funds (General, Streets, Library and Park) and the proprietary funds (Irrigation, Sanitation, Water, and Sewer). The city also tracks internal services for information services, engineering and human resources. Accounting for the transactions in each of the funds requires extensive accounting knowledge to ensure the city’s financial record keeping is in compliance with Generally Accepted Accounting Principles (GAAP).