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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.  Click here to go to the Finance Department.

 

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