The Finance Division oversees the District’s budget and finance needs, including the District’s investment portfolio, issuance of long-term debt, and implementation of development impact fee programs.
Staff within the Finance Division processes all District accounts payable and accounts receivable, including reconciliation of District checking accounts and monitoring of daily cash balances. Furthermore, staff prepare the Comprehensive Annual Financial Report which is submitted to the Government Financial Officers Association for review. Finally, staff oversee the entire payroll function for the District, and prepares monthly and quarterly tax returns to Federal and State Agencies.
Roles and Responsibilities:
- Accounts Payable
- Accounts Receivable
- Budget Revenue and Expenditure Projections
- Cash Flow Analysis
- Financial Record Keeping and Reporting
- Fixed Asset Accounting
How is the District funded?
The primary funding source for District operations is property taxes. Under California State law, District property taxes are assessed and collected by the County of Sacramento up to 1% full cash value of taxable property, plus other increases approved by the voters and distributed in accordance with statutory formulas.
The District also receives development fees and parkland dedications from new residential developments for the construction of parks; ambulance transport fees; plan check fees; recreation fees and Lighting and Landscape Assessment fees.
Financial documents for the Cosumnes Community Services District.Link to page
Bids & Procurement
Align your business with the Cosumnes CSD and experience the benefits of partnering with the community's leading provider of fire, emergency medical, recreation and parks provider.Link to page