FY 2009–2010 Budget
Fairbanks North Star Borough
PROGRAM BUDGET SUMMARY
DEPARTMENT OF FINANCIAL SERVICES – TREASURY BUDGET DIVISION
MISSION/Program Description
THE MISSION OF THE TREASURY AND BUDGET
DIVISION IS TO COLLECT AND INVEST BOROUGH FUNDS, PREPARE THE ANNUAL
OPERATING BUDGET, AND TO ACCOUNT FOR ALL FUNDS RECEIVED IN AN EFFICIENT
AND EFFECTIVE MANNER. It is the responsibility of the Treasury and
Budget Division to; coordinate the development of the annual Borough
operating budget; calculate the annual mill levies for all Borough
taxing authorities; bill, dispatch, collect, and disburse annual
property tax and related penalty and interest for the Borough, City of
Fairbanks, and City of North Pole; regulate the collection of Borough
Hotel-Motel, Alcoholic Beverage and Tobacco excise tax; collect other
revenues in accordance with the FNSB Code of Ordinances; ensure accurate
distribution of property tax and other revenues to the Road and Fire
Service Area accounts; review Treasury deposits to assure maximum cash
flow; invest Treasury funds to minimize risk and maintain sufficient
liquidity; prepare State data requests and serve as the local contact to
the State for revenue sharing programs and debt service reimbursements;
and analyze the revenue impact of proposed local, state, and federal
legislation.
Major Long-Term Issues and Concerns
Funding of local government services from
differing revenue sources continues to be evaluated. Collection of
revenue with alternative systems for the payment of services by credit
card, and other venues, continues to be researched.
Objectives for FY 2010
Provide prompt and courteous customer service to the general public
and outside entities.
Continue to process all property tax payments in-house, without the
use of vendor processing services.
Continue to update and issue a comprehensive set of cash handling
procedures to ensure uniformity of practices among departments.
Continue to research alternative systems for the payment of services
by credit card and other venues.
Significant
Budget Changes
The FY 2010 budget reflects only cost of living adjustments, union
and management longevity, and benefit rate changes.
Previous Year’s
Accomplishments
Received 19th Distinguished Budget Presentation Award
from the Government Financial Officers Association for the FY 2009
Budget.
Maintained timely and accurate revenue receipting.
Continued a set schedule for safe combination changes.
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