City of Oak Park
14000 Oak Park Blvd.
Oak Park, MI 48237
What Does a Finance Director Do?
The Finance Director is also responsible for the administration of the employee's retirement system, serves as the liaison to the Employee's Retirement Board and as a member of the Retirement Board's Investment Committee. In addition, the Finance Director oversees the following divisions within the Finance Department:
- Accounting - Accounting processes the City's accounts receivables, payables, and payroll.
- Purchasing - Purchasing is responsible for procuring materials for daily operations in policy compliance with proper protocols for purchase and budget approval; evaluating and negotiating pricing; processing purchase orders in compliance with budget; tracking purchase deliveries; and the contractor bid process.
- Assessing - The Assessing Division is responsible for maintaining the property records of the City. This includes establishing and maintaining assessed values of real and personal property. The Board of Review is conducted yearly allowing citizens to challenge their assessment established by this Division.
- Treasury - The Treasury is responsible for the collection of revenues, including but not limited to, real property taxes, personal property taxes, license and permit fees, penal fines, and fees for services. Revenues that are collected are disbursed by various departments as appropriated by City Council during the yearly budget process.
- Water and Sewer Billing and Collections - The Water and Sewer Billing and Collections Division is responsible for the billing and collection of fees for water, solid waste and sewer services. The Division bills residents for water usage on a regular billing cycle. Funds collected by the Division pay for the purchase of water, sewage removal, garbage collection and maintenance of the entire water system.
The Finance Director works closely with the City Manager to provide needed support in establishing fiscal policy. In particular, the Finance Director creates, monitors, analyzes and communicates the yearly budget process. Presents quarterly budget reports to City Council. The Finance Director is also charged with preparing the Comprehensive Annual Financial Report, or CAFR, a set of financial statements which presents the City's economic position while ensuring transparency in government reporting.