Finance

Finance

Finance The Finance Department safeguards the fiscal integrity of the City, reports accurate and timely financial information to the City Commission, the City Manager, and the public, and provides financial management and record-keeping support to all the City departments to enable them to carry out their duties efficiently. Department Responsibilities The Finance Department is responsible for developing and implementing financial and accounting policies and procedures. The department also provides a sound accounting system for protecting the City's assets by recording and reporting financial transactions in accordance with generally accepted accounting principles, Government Accounting Standards Board Pronouncements, and other legally mandated standards. Financial Services The Finance Department maintains the City's general ledger, accounts payable, accounts receivable, cash receipts, payroll, investments, debt service, and fixed assets. The Finance Director and staff assist the City Manager in the preparation, implementation, and monitoring of the City's annual operating budget. At year-end, this department prepares the City's annual financial statements for audit by the City's Independent Certified Public Accountants and publishes the City's Annual Comprehensive Financial Report. This department is also responsible for the supervision of the City's Retirement System.