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The
Department
of Finance has the fiduciary responsibility to safeguard the City’s
financial assets and manage its financial resources in accordance with
the goals of the City Council, City Manager and in compliance with
applicable laws and generally accepted accounting and financial
management principles.
The
Department is organized into administrative and four divisions: The
Office of the
Director,
Accounting,
Revenue, and
Financial Management.
The Department
interacts with and supports all departments and agencies of the City
through the provision of comprehensive financial services. This
includes responsibility for the City’s accounting system, treasury
management, banking services, debt administration, and investment
portfolio management, along with the coordination and implementation
of related internal controls. In addition, the Department provides
financial oversight for the City comprehensive Risk Management and
Employee Benefits Programs, as well as accounting and other financial
services for the Fire and Police Pension Fund.
The Finance Department
calculates and publishes the
Effective Tax Rate
under the "Truth In Taxation".
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