The flow of financial activities begins with a plan (budget). The plan is then implemented and the transactions recorded (accounting); and the results are reported (financial statements). In addition, when actual financial transactions occur, the Finance Department must see that all monies due the City are collected, and all City liabilities are paid on time. The department also keeps an accurate record of all financial transactions, generates interim financial reports, and produces audited financial statements at the end of each fiscal year. More specifically, it prepares the City's payroll; it bills, collects, accounts for City taxes, and maintains a file of the City government's fixed assets.
To continue to maintain the City in a sound financial condition by managing its financial affairs comprehensively and prudently.