| FUND: GENERAL |
ADMINISTRATIVE SERVICES |
Douglas Stansil, Finance Director
The Finance Department assists the County Executive in preparing the annual Executive Budget document, monitors and controls the day-to-day financial operation of the County to ascertain compliance with policies and authorized levels of appropriation, analyzes the potential fiscal impact of County policy initiatives under consideration, and determines the probable impact of both adopted and proposed Federal and State legislation, regulation, and administrative codes.
The Finance staff informs the County Board, its Finance Committee, and other appropriate committees in matters concerning the current financial condition of the County and its various divisions, departments, and programs, prepares fiscal notes for all proposed legislation and contracts, and reviews bills prior to recommending them for payment or other action by the Finance committee.
The Finance Department assists Racine County’s auditors in preparing the annual audit and provides directions and policy coordination to all other County accounting personnel. The Finance Director advises the County Executive, County Board, and Finance Committee regarding appropriate changes in accounting policies and procedures.
The Finance Department keeps the general books of accounts and is responsible for the payroll system.
The Finance Director acts as the County Auditor.
One goal of the Finance Department for 2002 was to implement on-line requisitions in the purchasing system. While not yet complete, we have continued the process of moving departments to on-line requisitions. The following Departments are currently using on-line requisitions: Building & Facilities Management, Public Works and Human Services.
Our contract system is in place and functioning. The goal is now to improve on the base system to aid departments in the management of their contracts.
A team of financial personnel implemented GASB#34 for the 2002 financial reports.
An internal audit of retiree health insurance bill processing was completed.
The Department issued an RFP and selected auditors for 2003 through 2007.
 |
Continue to develop new reports on the JD Edwards
financial system that can be used to report directly to the state agencies
requiring the information. |
|
Complete two internal audits of selected County
departments. |
|
Continue to increase the number of County departments
using on-line requisitions. |
|
The Governmental Accounting Standards Board has issued GASB#34, which is a major revision of current accounting practices. The County was required to implement this standard for the fiscal year of 2002. |
