The Finance Department is responsible for the accurate recording of all financial transactions for the city including:
- Monitoring of all assets and liabilities
- Keeping accurate accounting of all tax revenues and assessments
- Collecting all monies
- Payroll and benefits administration
- Authorization of all City purchasing functions
The City's financial statements and internal controls are audited each year in accordance with state law. The Finance Department produces an Annual Comprehensive Financial Report that adheres to generally accepted accounting principles.
Annual City Budget
The Finance Director is the chief fiscal officer of the City and assists the Mayor and City Council in the preparation of the annual budget and all other financial matters. He acts as financial advisor in connection with municipal affairs.
Annual Comprehensive Financial Reports
Each year the Finance Department prepares an Annual Comprehensive Financial Report (ACFR). This report complies with Ohio law that requires all cities to file an unaudited basic financial statement with the Auditor of State within 150 days of the end of the previous year. Ohio law also requires regular audits to be performed on all financial related operations of the city. These may be performed by either the State auditor's Office or an independent public accounting firm.