City Council 12 16 25 Agenda Item D1 Internal Services Workshop Finance

The City of Oxnard's Finance Department presented an overview of its activities, accomplishments, challenges, and priorities to the City Council. The department manages the city's financial resources with a focus on fiscal responsibility, transparency, and customer service. Key divisions include collections, cash management, utility billing, business licensing, procurement, general accounting, and budgeting. Highlights include processing over $1.5 billion in bank transactions in 2025, supporting over 120 solicitations and 500 contracts, issuing approximately 12,000 vendor payments annually, and implementing a new financial ERP system in 2022 to improve internal controls and efficiency. The department also emphasized the importance of workforce stability, adapting to new accounting standards, and integrating artificial intelligence to enhance operations. Future priorities include completing the financial model implementation, maintaining compliance, and addressing financial uncertainties while meeting the city's needs.