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:
- Budget preparation and maintenance
- Banking and segregation of funds
- Payroll and personnel
- Purchasing and Accounts Payable
- Collection and Accounts Receivable
- Billing for taxes, water, and sewer
- Debt management
Reporting Required:
- Annual Update Document (AUD) – State report
- Constitutional tax limit
- Constitutional debt limit
- Tax cap
- Certified annual audit
- Continuing disclosure information for bonding
- IRS and NYS quarterly and annual payroll filings
