The Paden City Budget and Finance Department is responsible for managing the city’s finances, ensuring that all monetary transactions are handled efficiently and transparently. The department oversees the preparation of the city’s annual budget, monitors expenditures, manages revenue collections, handles debt reporting and payments, and processes payroll for city employees.

Key Responsibilities:

• Budget Preparation: Developing the city’s annual budget, ensuring that all departments receive the necessary funding to operate effectively.
• Annual Appropriations: Managing the allocation of funds to various city departments, including Police, Water, Waste Water, Electric, Street, and Parks & Recreation.
• Revenue Collection: Overseeing the collection of taxes, fees, and other revenues that fund the city’s operations. This includes property taxes, income taxes, and other miscellaneous fees.
• Debt Reporting and Payments: Managing the city’s debt, ensuring timely payments and accurate reporting.
• Payroll Management: Processing payroll for all city employees, ensuring accurate and timely payments.

Funding Sources:

• General Fund: Primarily funded by property taxes, income taxes, and other fees. The General Fund supports a wide range of city services and operations. It includes one operating levy, which has been renewed every five years since the 1980s.
• Police Fund: Supported by four specific levies, two of which are continuously in place, while the other two are renewed every five years. These levies cover less than half of the Police Department’s operating costs, with the remainder funded by transfers from the General Fund.
• Street Fund: Funded by motor vehicle license fees and gasoline taxes. These sources cover only about 50% of the Street Department’s annual operating costs, with the balance supplemented by the General Fund.
• Recreation Fund: Partially funded by program registration fees (25%), with the remaining 75% coming from transfers from the General Fund.
• Enterprise Funds: These include Water, Waste Water, and Electric Funds, which are supported by revenue generated from utility billings.

Important Dates: The department adheres to a schedule of important dates for the submission of various returns and payments, including the Fire Service Fee, B&O Tax, Business License, and City Service Fee.

Contact Information: Residents are encouraged to reach out to the Paden City Budget and Finance Department with any questions or concerns about the city’s finances. The department can be contacted at [Phone Number] or via email at [Email Address]. Office hours are [Operating Hours], Monday through Friday.

Additional Resources: For more detailed information, including annual audits and financial reports, contact the Finance Department directly.