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Finance
Duties & Responsibilities
All of the City's financial activity is processed, recorded and reported by the Finance Department.
This includes the receipt of all money owed to the city, and the payment of all money the city owes to suppliers, contractors, employees, lending institutions, and other governmental units. The Finance Department's major areas of responsibility include:
Inter-Departmental Cooperation
The Finance Department works closely with all other city departments in processing money collected. It records and deposits receipts. It pays all the bills for the city departments in accordance with the laws governing the expenditure of taxpayer money.
Finance Reports
Various reports are prepared such as cash basis receipts and expenditures as well as accrual basis revenues and expenditures. One report that is prepared on an annual basis is the General Purpose Financial Statements. This report is subject to an annual audit by the State of Ohio or an accounting firm approved by the State.
All of the City's financial activity is processed, recorded and reported by the Finance Department.
This includes the receipt of all money owed to the city, and the payment of all money the city owes to suppliers, contractors, employees, lending institutions, and other governmental units. The Finance Department's major areas of responsibility include:
- Accounting
- Assets
- Benefits
- Budget management
- Debt management
- Financial reporting
- Insurance
- Investments
- Payroll
- Purchasing
Inter-Departmental Cooperation
The Finance Department works closely with all other city departments in processing money collected. It records and deposits receipts. It pays all the bills for the city departments in accordance with the laws governing the expenditure of taxpayer money.
Finance Reports
Various reports are prepared such as cash basis receipts and expenditures as well as accrual basis revenues and expenditures. One report that is prepared on an annual basis is the General Purpose Financial Statements. This report is subject to an annual audit by the State of Ohio or an accounting firm approved by the State.