The mission of the Office of Finance and Accounting is one dedicated to professionalism in maximizing available resources and in delivering creative and innovative financial resources to maintain citizen confidence and ensure cost-effective benefits for the city.
As the chief financial officer, the Mayor is required to submit at the end of each fiscal year a complete financial report to the council. The Annual Comprehensive Financial Report (ACFR) is prepared by the Finance Department to meet this requirement.
The ACFR is prepared in conformity with generally accepted accounting principles (GAAP) as promulgated by various authoritative bodies through their publications, statements of position, and other pronouncements. These include the Governmental Accounting Standards Board (GASB), the American Institute of Certified Public Accountants (AICPA), and the Financial Accounting Standards Board (FASB).
The goals of the city's finance office are to: 1) Make the City's audited financial records available to the public to enhance and improve citizen knowledge, understanding, and interactivity, and; 2) To produce quality financial records of the City by improving the daily operations and enhance the agency's management focus and quality of revenue projections and reporting.