City of Perris Finance Department

The City of Perris Finance Department plays a crucial role in ensuring the financial stability and accountability of the municipality. It is responsible for managing the city’s financial resources, adhering to legal and regulatory requirements, and providing timely and accurate financial information to city officials, residents, and other stakeholders.

The department’s core functions encompass a wide range of financial activities. These include:

• Budgeting: Developing and managing the city’s annual budget, which involves forecasting revenues, allocating resources to various departments and programs, and monitoring expenditures throughout the fiscal year. This process ensures that city services are adequately funded and aligned with the city council’s priorities.
• Accounting and Financial Reporting: Maintaining accurate and up-to-date accounting records, preparing financial statements in accordance with Generally Accepted Accounting Principles (GAAP), and providing comprehensive financial reports to stakeholders. This ensures transparency and accountability in the city’s financial operations.
• Treasury Management: Managing the city’s cash flow, investing surplus funds prudently, and ensuring the security of city assets. The goal is to maximize returns on investments while minimizing risk.
• Purchasing and Procurement: Overseeing the city’s purchasing activities, ensuring compliance with procurement regulations, and obtaining goods and services at the best possible value. This promotes fair and competitive bidding processes.
• Utility Billing: Managing the billing and collection of utility services, such as water and sewer, ensuring accurate billing and efficient payment processing.
• Debt Management: Managing the city’s debt obligations, including issuing bonds and other debt instruments, and ensuring timely repayment of debt.
• Payroll: Processing payroll for all city employees, ensuring accurate and timely payment of wages and benefits, and complying with all relevant tax laws.

The Finance Department operates under the direction of the Finance Director, who oversees a team of professional accountants, financial analysts, and support staff. The department is committed to providing exceptional customer service and maintaining the highest standards of ethical conduct.

The City of Perris strives to provide transparent and accessible financial information to the public. Financial reports, budget documents, and other relevant information are typically available on the city’s website. Residents are encouraged to review these documents to gain a better understanding of the city’s financial operations and performance.

In conclusion, the City of Perris Finance Department is a vital component of the city government. Through its diligent management of financial resources, adherence to regulatory standards, and commitment to transparency, the department plays a critical role in ensuring the long-term financial health and prosperity of the City of Perris.