The Finance department is responsible to maintain the accounting system of the City. Responsibility includes appropriately and accurately recording all inflows and outflows of monies in accordance standards set forth by City Charter, the Office of State Comptroller and Generally Accepted Accounting Principles as well as applicable General Municipal and Local Finance Law.
Finance Department Responsibilities:
- Operating Budget preparation and maintenance
- Capital Plan preparation and tracking
- Banking and segregation of funds
- Payroll
- Purchasing and Accounts Payable
- Collection and Accounts Receivable
- Billing for taxes, water, and sewer
- Debt management
Reporting Required:
- Annual Financial Report (AFR) – State report
- Constitutional tax limit
- Constitutional debt limit
- Tax cap
- Independent Audited Financial Statements
- Continuing disclosure information with SEC
- IRS and NYS quarterly and annual payroll filings
