Finance Department

The Finance Department encourages innovation and promotes learning and growth in the individual, the team, and the organization. Our goals are to provide timely, value added information and excellent service to our customers. We use empowered teams, continuous feedback, enabling technology, and personal responsibility at all levels to accomplish our goals. We take pride in being of service to our community.

Finance provides staff support to internal departments, assures legal and financial accountability to the public, and provides superior customer service to both internal and external clientele. Finance maintains a standard of excellence in financial reporting and oversight, and administers all of the City funds and accounts, as well as the Comprehensive Annual Financial Report. Finance directs the City’s finance functions including; accounts payable; payroll; accounts receivable; cash receipts; bank statement reconciliation; business licenses; collection of Transient Occupancy Tax; operating budget; preparation of financial reports; preparation of monthly Treasurer’s Report; and analysis of fiscal impact.

Annual Budget Adoption Process

The City begins drafting the annual budget in spring, with special budget hearings (special City Council Meetings) typically scheduled in May and June. The Budget is usually adopted by Council during one of the two June City Council meetings.  See the attachments below to read the 2022 budget calendar and draft (proposed) budget.

Request for Proposal Banking Services

The City of Capitola is seeking proposals for Banking Services for its bank accounts, related depository, and cash management services in accordance with this Request for Proposal.  This Request for Proposal is expected to result in a firm fixed price contract.    All proposals must be submitted to the Finance Department at 420 Capitola Ave, Capitola, CA 95010 by 5:00 P.M. on April 26, 2024. All proposals must be in the format specified, enclosed in a sealed envelope and clearly identified with bid title, name of proposer, and date of bid closure.  These proposals will not be opened and ready publicly.