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Finance director summarizes reorganization, budgets and grants work
Summary
Eric Vilmoria provided an overview of the finance department’s structure after a recent reorganization, key statistics (treasury portfolio, grant awards, invoice volumes) and ongoing work to centralize grants and implement a new financial system.
Eric Vilmoria, director of the Boise City Finance Department, briefed the council on the department’s organization, recent changes and operations.
Vilmoria said the finance department’s fiscal-year 2025 budget was "just south of $8,000,000," representing just over 2 percent of a roughly $345,000,000 general-fund budget, and that authorized positions represent about 3 percent of the citywide authorized headcount. He provided activity highlights for fiscal year 2024: the treasury managed an investment portfolio just under $600,000,000; the grants division secured more than $8,000,000 in discretionary awards; accounts payable processed more than 50,000 invoices and 40,000 p-card transactions; and purchasing administered over 600 contracts.
Vilmoria described a reorganization called "Finance 3," completed in its first stage in late 2024, which realigned positions into a new departmental structure and documented more than 625 task transitions. He said the reorganization aims to create specialized focus across finance divisions, standardize processes and prepare for a new financial system.
He reviewed division-level staffing and responsibilities: accounting (about 10 staff, audit coordination and ledger maintenance), accounts payable (13 staff), the budget office (13 staff), grants (4 staff), purchasing (7 staff), treasury (4 staff) and a revenue division handling nearly 250 unique transaction types. Vilmoria said the finance team also supports long-term financial planning, tax policy, contract administration and grant compliance.
In response to a question from a council member about adapting to a changing federal grant landscape, Vilmoria said the grants team is working to centralize application and decision processes, pursue indirect cost recovery where available and implement grant-management software so the city can track opportunities and reporting more consistently.
Vilmoria closed by thanking budget-office staff and noting the department is positioned to continue financial planning and management under the new structure.
