Finance Department
Mission
To monitor and protect the financial integrity of the City of Asbury Park
Duties & Challenges
A department of six full time employees processes thousands of financially sensitive requests.
- Manages more than $29 million in receipts and expenditures each year
- Prepares and manages the municipal, capital, sewer utility and beach utility budgets
- Annually updates the debt and financial statement
- Identifies and manages city-owned fixed assets, anything worth over $5,000, has to be recorded annually with a value placed on it
- Calculates and provides payable services to 275 full time employees, 160 retirees and approximately 50 seasonal employees
- Manages accounts payable budget that includes processing 6,000 purchase orders and 3,000 checks annually
- Prepares, administers and monitors planning/zoning escrow accounts for liability, property, and health insurance that cost the city about $5,000,000 annually
- Manages the claims administration for all of our insurance policies
- Solicits proposals and formal bid quotations for vendor contracts and compliance and once vendors are hired, monitors them to ensure services are delivered according to contract
- Places employment ads by researching job descriptions with the NJ Department of Personnel for positions within the city
- Monitors and complies with state bid requirements