Issue link: https://www.e-digitaleditions.com/i/850954
E n s u r i n g a S t r o n g F u t u r e 54 | P a g e Financial Management: Key Focus Areas •Provide timely, accurate and relavent financial data to internal and external stakeholders; file all required reports with the State, IRS, etc. •Maintain and ensure staff comply with fiscal policies and procedures •Ensure vendors and employees are paid correctly and timely Accounting •Track and monitor financial performance and proactively address negative variances to ensure fiscal stability •Analyze historical data and project future performance based on trends and insight •Participate in interdepartmental meetings to ensure the financial implications are understood Budgeting and Planning •Propose appropriate rates and charges to fund operations and vital capital improvements while maintaining healthy reserves •Ensure District's strong credit rating through sound financial management •Optimize capital financing mix to achieve the lowest cost of funds and minimize interest rate risk; invest cash reserves to earn revenue while safeguarding principle Finance and Investing Financing and Investment