The Finance Department’s mission is to effectively manage and report the City of Washington’s financial activity.
The Finance Department accounts for and reports the various sources and uses of all City funds as required by Government Auditing Standards and U.S. generally accepted accounting standards. It manages cash and investments to ensure adequate cash flows while maximizing investment income. In addition, it prepares and assists with monitoring the City’s annual budget and plans and prepares for the City’s annual audit. It is responsible for financial policy implementation and compliance to insure and promote sound internal control structure.
The department is responsible for all cash receipts and disbursements, financial reporting, accounts payable, payroll, accounts receivable, budget management, investment management, debt management, and capital asset control.