Finance Department
Administration
Primarily functions to coordinate the department's activities
and serves as quality controller of external departmental
comprehensive reports. The division also assists external
auditors, and formulates policies for financial operating
efficiency in other City departments.
Central Accounting
The primary responsibility of the Central Accounting
Division is to ensure that adequate funds are maintained
for all disbursements of the City in both payroll and accounts
payable areas. The Division is also responsible for the
processing of all transactions through the centralized
financial systems (FAMIS) and the distribution of management
and departmental reports which are generated by the system.
The current Comprehensive
Annual Financial Report (CAFR)
and those from previous years are available for online
review.
Risk Management
Risk Management supervises programs in the areas of employee
safety, loss prevention, property, casualty, health/dental/life,
and Section 125 benefit programs. The Division minimizes
dollar losses through planning, organizing, directing and
controlling the resources and activities in the City.
Risk Management also provides investigative services
on claims arising out of automobile liability, general
liability and police professional liability and monitors
Workers' Compensation and related legal expenditures being
handled by a third-party administrator.
Treasury
Division accounts for and monitors all revenues received
by the City. The division assures sufficiency of working
capital by making funds available when needed and maximizes
return on capital through the administration of an aggressive
investment program. The Treasury Division prepares and
collects utilities and special assessment billing, oversees
the City's revenue projections, and conducts all grant
accounting activities.
Research and Budget Division
The Research and Budget Division provides budgetary support services for all City departments, in the development of the Annual Budget; prepares revenue and expenditure projections, maintains a Budget Preparation Guide, implement budget monitoring and controls, focusing on long-range forecast, trend analysis, the development of strategic planning.
The Research and Budget Division is also responsible for conducting a monthly financial analysis of the City’s revenues and expenses through the use of the Monthly Financial Reports.
In coordination with the Public Works Department, the division also assists in the preparation of the Five-Year Capital Improvement Plan.
The Government Finance Officers of the United States & Canada (GFOA) (www.gfoa.org) has awarded the City of Fort Lauderdale the Distinguished Budget Presentation Award for the since 1988. This award reflects the commitment of the organization and staff to meeting the highest principles of governmental budgeting and satisfies nationally recognized guidelines for effective budget presentation.
Investor Information
The City of Fort Lauderdale has engaged DAC as its Investor Relations Provider. To view the city’s secondary market disclosure information:
- Go to www.dacbond.com
- In the “DAC for Investors” box on the left, click on “Register” to select your personal username and password
Your username and password will be immediately activated.
- Type your username and password in the fields provided on the Home page or Log In page
- On the bottom of the “Attention” page, click on “Continue”
- On the left in the “Quick Search”, leave the first box defaulted to “Obligor”
- Type “Fort Lauderdale” in the second box and click the double arrows
- Click on “Fort Lauderdale, Florida, City of” to view a list of issues OR click on “Disclosure” to view documents filed
Questions? Please call DAC at 888-824-2663 and speak with a customer service representative.
|
