Springfield’s Finance Department performs a full-range of municipal finance activities including payroll, human resource administration, accounts payable, collection of property taxes and other receivables, capital asset tracking, investment management, and billing for sewer, water and garbage service. The Finance Director oversees these operations and reports directly to the City Manager. The Finance Department also provides assistance to other city departments regarding financial matters, coordinates the budget process and develops revenue, expense and cash flow projections.
Annually, the City’s financial records are audited by an independent audit firm to ensure the City is in compliance with Governmental Accounting Standards (GASB) and Generally Accepted Accounting Principles (GAAP). Auditors also verify the City’s financial records and internal controls are in compliance with federal and state laws. For over 15 years, the City’s financial records have received a ‘clean opinion’ and the highest level of certification awarded by an independent audit firm.