The Finance Department provides accurate, transparent, complete, and timely financial information to support the City’s operations while ensuring South San Francisco long-term fiscal sustainability. The department is responsible for safekeeping, management, and accounting of the City’s financial assets. The department is responsible for payroll administration, accounts payable processing, business licenses issuance, risk, and debt management, while acting in a fiduciary capacity for assessment districts.
Department Overview
The department supports its mission to the City through:
• Budgeting and accounting for financial transactions to ensure optimal management of City revenues and appropriations, and accurate recording and reporting of financial transactions in accordance with regulations and standards;
• Building multi-year forecasts to assist effective financial decision-making and future application of resources;
• Managing payment of vendors and City employees to effect continued provision of City services and programs, and avoid delays to public projects;
• Receiving and accurately recording revenues from various sources to ensure funds are available to support City projects and programs;
• Overseeing the City’s cash flow needs to support prudent investment of funds by the City Treasurer;
• Establishing strong internal controls to maintain control of, and accountability for, City funds;
• Managing the City’s annual financial audit and production of the Annual Comprehensive Financial Report (ACFR) in conjunction with the City’s independent auditor;
• Managing and maintaining the City’s Business License program.