Financial Services

The mission of the Financial Services Department is to professionally and responsibly manage the financial affairs of the city, to protect and further the city's strong financial reputation, and to effectively and efficiently provide related support services for residents and city operations. There are three operational areas within the Financial Services Department, each serving a vital function for the city:

  • Accounting & Financial Management
    The Accounting and Financial Management division carries out the following tasks:
    • Administers the city's capital projects and grants accounting activities
    • Ensures the proper disbursement of city funds through the accounts payable, fixed assets reporting, and accounts receivable billing
    • Oversees the purchase of goods and services in a transparent and competitive manner that ensures the most cost-effective use of city resources
    • Prepares the Comprehensive Annual Financial Report (CAFR) in accordance with the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association
    • Provides debt management ensuring compliance with covenants, statutory, and regulatory requirements
    • Provides accurate and timely financial information in compliance with governmental accounting standards and generally accepted accounting principles
    • Provides revenue collection and investment
  • Management & Budget
    The Management and Budget Division is responsible for the following operations:
    • Administers payroll
    • Conducts monthly financial analysis of the city’s revenues and expenses
    • Prepares a monthly and quarterly budget to actual reports
    • Processes all transactions through the centralized financial system (Munis) and the distribution of management and departmental reports which are generated by the system
    • Provides budgetary support services for all city departments in the development of the annual budget, including revenue and expenditure projections, a budget preparation guide, budget monitoring, and controls
    • Provides financial analysis including the impact of proposed City Commission items
    • Liens: The City of Lauderdale Lakes provides Lien Search Services for our city properties. Access the form to request a Lien Search.
    Access Budget Amendments for more information.