What are the typical cycles for the functions in the Finance Department?
A. There are multiple billing and payment cycles that take place in the Finance Department. Accounts Payable sends payments to vendors weekly on Fridays. Utility billing sends wastewater bills at the end of the month. The sewer bills are billed in arrears. This means that billings are sent at the end of the period of usage rather than in advance. Payroll sends out paychecks biweekly. The City of Sedona belongs to the Arizona State Retirement System (A.S.R.S.) and Public Safety Personnel Retirement System (P.S.P.R.S).
