City of Kissimmee Finance Department

The City of Kissimmee's Finance Department plays a vital role in maintaining the city's fiscal health and ensuring responsible stewardship of public funds. The department is responsible for a broad range of financial activities, including budgeting, accounting, financial reporting, purchasing, treasury management, and debt management.

Key Responsibilities

Budgeting: The Finance Department leads the development and management of the city's annual budget. This involves working with all city departments to forecast revenues and expenditures, aligning resources with strategic priorities, and monitoring budget performance throughout the fiscal year. The budget process aims for transparency and accountability, often involving public hearings and community input.

Accounting and Financial Reporting: Maintaining accurate and reliable financial records is a core function. The department is responsible for recording all financial transactions, preparing financial statements in accordance with Generally Accepted Accounting Principles (GAAP), and ensuring compliance with all applicable laws and regulations. The annual Comprehensive Annual Financial Report (CAFR) provides a detailed overview of the city's financial position and performance.

Purchasing: The Finance Department oversees the city's procurement process, ensuring that goods and services are acquired efficiently and cost-effectively. This includes developing and administering purchasing policies, managing vendor relationships, and soliciting bids and proposals for large purchases. The goal is to promote fair competition and transparency in the procurement process.

Treasury Management: Effectively managing the city's cash flow and investments is another crucial responsibility. The Finance Department ensures that funds are available when needed to meet the city's obligations while maximizing investment returns. This involves monitoring cash balances, investing in accordance with city policies, and managing relationships with financial institutions.

Debt Management: The department manages the city's outstanding debt, ensuring that it is managed prudently and efficiently. This includes structuring debt financings, monitoring debt service requirements, and ensuring compliance with debt covenants.

Commitment to Transparency and Accountability

The City of Kissimmee Finance Department is committed to transparency and accountability in all of its operations. The department strives to provide accurate and timely financial information to the public, city officials, and other stakeholders. The CAFR and other financial reports are available on the city's website, and the department welcomes inquiries from the public.

Contact Information

For more information about the City of Kissimmee Finance Department, please visit the city's website or contact the department directly. Contact details and specific department staff information are readily available on the official City of Kissimmee website.