Accounting Division
The Accounting Division of the Finance Department is
responsible for the oversight and administration of the
City’s accounting records, files and reporting system. This
includes financial and budgetary reporting, general ledger
accounting, grant accounting, budgeting/financial
forecasting, fixed asset accounting, project management
accounting, debt management, payroll, accounts payable,
accounts receivable billing and collection, and cash
receipting.
The Accounting Division maintains the City’s accounting
and financial records in accordance with the City Charter,
State law, Generally Accepted Accounting Principles (GAAP),
and the Government Accounting Standards Board (GASB).
The Accounting Division prepares an Annual Financial
Report in connection with the annual external independent
audit of the City’s accounting records and financial
statements. In addition, the Accounting Division annually
prepares various financial reports for the State of Michigan
and updates reports for its bondholders.
The Accounting Division prepares the City’s annual Budget
document and annual
Fee Schedule document.
Accounting is a division of the Finance Department.
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