Finance Department 2027 Budget Development Video

The City of Greeley's Finance Department presented its FY 2027 budget development proposal, highlighting that it exceeded its budget reduction target by identifying nearly $667,000 in savings and new revenue against a target of $645,000, achieving a 17% reduction. The proposal includes eliminating the vacant Financial Reporting Accounting Manager position to save approximately $174,000, with responsibilities absorbed by the Deputy Finance Director, and introduces three revenue-generating initiatives: expanding sales tax audits, implementing a card rebate program requiring Picard use for qualifying purchases under $5,000 to capture additional rebate revenue, and instituting a 10% indirect cost recovery rate on qualifying grants to generate over $325,000 annually. These measures aim to sustain critical financial operations, improve revenue collection, and modernize procurement controls while avoiding cuts that would compromise essential services or staffing.