The Finance Department provides fiscal management services to the City Council, City Manager and support departments. Finance manages the day-to-day accounting of the City’s transactions, including accounts receivable, purchasing, investments, accounts payable, cash receipts and general accounting. The department assists the City Manager in preparing the annual budget and works with external auditors in completion of the fiscal audits. The department prepares monthly financial statements and compiles the Comprehensive Annual Financial Report. The department also oversees the payment collection activities for the Utility Fund.