at City of Sherwood in Sherwood, Arkansas, United States
Job Description
ESSENTIAL DUTIES AND RESPONSIBILITIES
• Manages all aspects of financial affairs, including payroll procedures,
requisitions, etc.
• Directs and coordinates preparation of the annual city budget and monitors
expenditure by providing a monthly budget review to all departments.
• Maintains compliance with Arkansas Municipal Accounting Law
• Supervises finance department staff
• Monitors City expenditures and revenues to ensure compliance with the
adopted budget; prepares cash flow projections and budget reports as
necessary.
• Handles all treasurer duties according to Arkansas State Statute.
• Assists departments in monitoring expenditures under grants and monitors
grant compliance.
• Reviews maintenance of the fixed asset and depreciation schedules.
• Reviews and reports on financial projects that affect the city directlyor
indirectly.
• Assists in the management of investments of excess money after acquiring
bids on interest rates and determining yield.
• Provides full disclosure of the financial position of all funds,appropriations,
and accounts of the City.
• Responsible for providing data and ensuring completion of an annual audit of
the city’s financials, the Wastewater Utility Audit and Single audit (as
CITY OF SHERWOOD DIRECTOR OF FINANCE/TREASURER MAY 2025
necessary).
• Works with an Independent Auditor to develop internal audit procedures.
• Plans, organizes, and directs the City’s financial affairs including functions
of accounting and reporting, finance administration, treasury management,
debt management, and budget.
• Serves as custodian of all the public monies, funds, notes, bonds, and other
securities belonging to the City.
• Directs the proper collection of all City revenues and makes all payments
upon properly executed payment vouchers or authorization.
• Assists other departments with purchasing upon request.
• Directs the preparation of complete statements of receipts, payments, and
cash financial position of the City as well as annual financial statements in
conformity with generally accepted accounting principles and Government
Finance Officers
• Directs development and implementation of a sound debt structure to
ensure a strong financial position for the City.
• Involved in oversight of contract management and compliance for all
Departments.
• Advises Mayor regarding internal control systems; recommends newor
revised fiscal policies and methods.
• Recommends ordinances and resolutions and major operational adjustments
as required to safeguard the validity and reliability of financial reporting
systems.
• Participates in long-range and short-range planning for City finances and
impact on future City operations.
• Monitors various state and federal legislative proposals, which may impact
the City’s financial affairs.
• Perform other duties as assigned and/or required.
