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2014-2015 Leadership Mountain Brook Finance

2014-2015 Leadership Mountain Brook Finance. Introduction. Steven Boone, Assistant City Manager/Finance Director Employed with the City since 1996 Certified Public Accountant MBA from UAB BS with majors in Accounting and Management. Finance includes. Internal control (safeguarding assets)

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2014-2015 Leadership Mountain Brook Finance

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  1. 2014-2015 LeadershipMountain BrookFinance

  2. Introduction • Steven Boone, Assistant City Manager/Finance Director • Employed with the City since 1996 • Certified Public Accountant • MBA from UAB • BS with majors in Accounting and Management

  3. Finance includes . . . • Internal control (safeguarding assets) • Risk management (property and liability insurance) • Cash and investment management • Compensation and employee benefits • Sales, cash receipts, and collections • Expenses and cash disbursements • Budgeting (development, monitoring, administration) • Capital assets (property, buildings, equipment) and inventory • Debt • Equity (accumulated profits, stockholder investments) • Financial reporting and analysis • Financial forecasts

  4. City of Mountain Brook Proposed 2015 General Fund Budget Summary September 2014

  5. %

  6. A closer look at real estate taxes Source: U. S. Census Bureau (http://quickfacts.census.gov/qfd/states/01/0151696.html)

  7. Sales Tax • Makes up almost 30% of the City’s total General Fund Revenue • Derived from the sale of merchandise and food • Buy locally so your tax dollars will support your local government and economy

  8. Sales Tax-Continued

  9. Business License Fees • Total license fees budgeted in 2015 - $2,604,000 • Paid by all businesses and individuals conducting business in Mountain Brook • Paid annually

  10. Contact information • Steven Boone • boones@mtnbrook.org • Office: 802-3825 • Mobile: 937-5662

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