The Finance Department is the administrative arm of the City's financial operations. The department has the responsibility for the City's overall fiscal operations, annual budget development and financial reporting. Fiscal operations include financial budgeting, accounting and reporting for 34 separate funds including the General Fund and the five Enterprise funds. Other governmental funds include the Debt Service Fund, Internal Service Fund, Hotel Occupancy Tax Fund, BCDC Fund, three capital projects funds, two risk management funds, consumer deposits, deferred compensation and 17 special revenue funds.
The department collects, records, summarizes and reports the results of all financial transactions that occur within the City operations and prepares the City financial statements.
Additional fiscal responsibilities encompass cash management, accounts payable, accounts receivable and payroll. The City's investment portfolio, capital assets, inventory, grants, purchasing, central warehouse, and municipal court are also managed by the Finance Department.
The City's Finance Department works in conjunction with the Administration to prepare and provide financial reports to residents. It is the Finance Department's goal to provide as much information, in a transparent manner, as possible. If there is information not located on this page that a citizen may wish to see, please contact the City Secretary's Office at 979-337-7567.