The Accounting Division of the Finance Department is responsible for managing the City's accounting system. This includes the posting of all financial activities to our computerized ledger system and generating financial reports. Accounting also has responsibility for reconciling bank statements, accounting for grants and special projects, monitoring contract and debt service payments, managing investments, and overseeing the Accounts Payable Division. Each year the Accounting staff prepares the City's award-winning Comprehensive Annual Financial Report. In addition, the Principal Accountant, in coordination with the City Treasurer, is responsible for managing the City's investment portfolio.
The Accounts Payable Division of the Finance Department is responsible for processing claims presented to the City for payment. The claims are for goods and services required by City Departments to maintain the City's services. An average of 500 to 600 claims are processed every week. The Accounts Payable staff is responsible for reporting 1099 information to vendors and the Internal Revenue Service.