City of West Palm Beach, FL
Home MenuFinance
Reporting to City Administration, the Finance Department serves the Mayor, City Commission, and City Administration as Financial Manager, City and CRA Treasurer, Budget Officer and Accounting Manager.
The Finance Department develops and implements financial and accounting policies and procedures. The department also provides a sound accounting system for protecting the City’s assets by recording and reporting financial transactions in accordance with generally accepted accounting principles, Government Accounting Standards Board Pronouncements and other legally mandated standards.
The Finance Department maintains the City’s general ledger, accounts payable, accounts receivable, cash receipts and investments, and provides monthly statements to the operating departments and other reports as requested.
The Chief Financial Officer and her staff assist the Mayor and City Administration in the preparation, implementation and monitoring of the City’s annual operating budget. The City's fiscal year begins on October 1 and runs through September 30.
Among the services provided by the Finance Department are:
- Providing financial advice to the City Administrator, Mayor, Commission, and Departments;
- Evaluating financial impact of Commission agenda items;
- Conducting studies of City programs and assisting with the implementation of recommended improvements;
- Planning for future financial needs through the development and maintenance of Capital, operational plans;
- Developing citywide financial policies;
- Maximizing the collection of moneys due the City;
- Preparing and reviewing formal contracts; and
- Managing financial systems.
At year-end, this department prepares the City’s annual financial statements for audit by the City’s Independent Certified Public Accountants and publishes the City’s Annual Comprehensive Financial Report (ACFR).
Copies of the City’s Annual Comprehensive Financial Reports (ACFR) are posted with the Office of the Florida Auditor General and may be viewed here.
Annual Financial Report data is also posted with the State of Florida Department of Financial Services and may be accessed here.