The Finance Department is responsible for the financial accounting and reporting for the entire reporting entity. This includes such financial functions as general ledger, payroll, A/R, A/P and fixed assets. The department is also responsible for the cash management program and the debt management program including the selling of bonds, the payment of debt and protecting the County’s Aa2 debt rating. The Finance Director and the County Treasurer assist each other with the County’s complex investment program.
The Finance Department is responsible for hiring certain contractual services from outside vendors such as independent auditors to perform the annual audit and assist with the production of the County’s Comprehensive Annual Financial Report (CAFR). The department also retains the services of actuaries, investment advisors, third party custodians, bond counsel and many other professional services. (Secondary Market Disclosures)
By statute, the County must produce an annual budget. This process begins in June of each year and ends in November by having the County Board approve the budget document.
The Finance Department also oversees the centralized purchasing process, maintains the mail distribution operations and tends loading dock deliveries.