The Administration is responsible for managing the resources of the Division. This activity includes hiring staff, encouraging professional development opportunities, supervising contractual and technology resources including the County's human resources/financial information system, and maximizing the productivity of staff.
Additionally, the Division's Administration is the primary conduit of financial information to the County Executive
, the Board of Commissioners
, and other Countywide Elected Officials
The program of Financial Planning consists of two primary activities, the first
of which is to accurately forecast personnel, contractual services, supplies, equipment and space requirements for all County activities. This also entails the validation of quantities needed to accomplish the operational objectives of all County agencies.
primary activity is to monitor implementation of the triennial salaries, operating and capital budgets. This also entails the reporting of variances and proposed adjustments on a timely and accurate basis, responding to requests for financial analysis, and providing recommendations for fiscal improvements to assist the County Executive, the Board of Commissioners, and other Countywide Elected Officials in their decision-making processes.
Financial Processing activities include the receipting and disbursing functions. These transaction processing activities are conducted with the goal of achieving accuracy and timeliness while maintaining appropriate records for federal and state reporting. The receipting function involves accurately recording all revenues received by the County. Disbursements include payroll activities and vendor payments.
is responsible for reporting the financial position and economic condition of the County in accordance with the standards set by the Governmental Accounting Standards Board (GASB). Independent Certified Public Accountants verify that the County's financial reports meet the GASB standards. This effort culminates in the Comprehensive Annual Financial Report (CAFR)
, which is produced under the guidelines established by the Government Finance Officers Association (GFOA).
Financial Reporting also includes the publication of reports required by Federal guidelines for grants, reports required by the Michigan Department of Treasury pursuant to state statues, and special reporting needs of various departments. The Division also publishes a summarized annual report that is intended for use by the general public. This document is called the Popular Annual Financial Report (PAFR) and is reviewed by GFOA for appropriate content.