Finance Department

The Finance Department is overseen by Finance Director Kirk Johnson who is responsible for ensuring the City’s financial stability, proper accounting procedures and budget monitoring are adhered to and maximize the use of the City’s financial resources.

The Finance Division oversees and coordinates the preparation of the city’s budget, capital assets program, monthly and annual reports, and grant and debt management.

Our department’s mission is to provide professional financial services to City Manager, Council, and City departments in order to promote fiscal stability and integrity. Our primary focus is support for the various City departments as well as external organizations. We provide relevant financial and managerial information in an accurate and timely manner, and professional direction and advice to promote current and future fiscal integrity.

Budget

The City’s budget represents the proposed fiscal plans for the City of Ridgefield. It brings together the direction and policies of the City Council working in a collaborative effort with the citizens, city staff and other interested parties, and best determines the financial resources available to establish the operating and capital plans for the next budget cycle. Prior to budget adoption, many meetings are held, including two public hearings, three Council work sessions, and four Budget Advisory Committee meetings.

An annual budget is developed based on Council adopted budget policies. These polices provide the framework for the budget, starting with a baseline, a review of new requests/initiatives to determine what can be funded, staff and staff allocations, and the development of the special revenue and capital project budgets. The baseline budget requires the use of realistic revenue estimates and a modest level of increases to ongoing expenditures to account for inflation. Baseline budgets are based on projecting current revenues that will fund to cost to provide core services. It excludes one-time only revenues and expenses, such as grants and capital purchases. New requests or initiatives are then received from each department based on staff knowledge of anticipated needs or implementation of Council policy. The capital budgets are developed from the approved capital facilities plan and prioritized based on critical need, available funding and what can reasonably be accomplished by City staff.

The final budget consists of the operating, special revenue, debt service and capital funds. The operating budget comprises the General, and Street Funds under General Government, and the Water, Sewer Treatment and Stormwater Funds under the Utility Government.

2017 Annual Budget: The 2017 combined total budget for all funds is $20.2 million. The total operating budget is $9.23 million and $7,922.038 of new initiatives. The special revenue budget is $3.97 million and capital projects is $6.96 million. The 2017 budget was approved by the Ridgefield City Council in November 2016.

2018 Proposed Budget: The City of Ridgefield has released the preliminary/proposed budget for 2018. City Council will begin holding public hearings on the budget on November 2, 2017, beginning with the 2018 revenue budget. Council will hold two additional public hearings on November 16, 2017 and December 7, 2017 on the 2018 operating and capital budgets. The hearings will be held at regular City Council meetings at the Ridgefield Community Center at 6:30PM.

 


Additional Information