To provide support and assistance to both internal and external customers by maintaining a financial reporting system that accurately reflects all operations in a timely manner consistent with generally accepted accounting principles and state and federal mandates.
The Finance Department exercises general supervision over the fiscal affairs of the City and general accounting supervision over City property and assets.
Functions performed by Finance staff include payroll processing, accounts payable, purchasing, administration of the City's Purchasing Card program, accounting for fixed assets, City bank account reconciliation and preparation of monthly revenue and expense reports
The Finance Director serves as the City's Chief Financial Officer and coordinates the City's annual audit, serves a primary role in budget preparation and debt issuance, oversees internal audit functions, and maintains compliance with various local, State and Federal agencies.
The City of Columbia has been awarded the Government Finance Officers Association's Certificate of Achievement for Excellence in Financial Reporting for the last 20 consecutive years.
A recipient of all three major GFOA awards, the City also received the following awards for the last year notified:
- Popular Annual Financial Reporting Award
- Distinguished Budget Presentation Award
- Certificate of Achievement Award
Annual Financial Reports
Read through archived comprehensive annual financial reports, popular annual financial report, and information about awards and achievements.Link to page
Bond Rating (AA+ Credit Rating)
The City of Columbia maintains a solid credit rating, which in recent years has continued to improve.Link to page
The Department of Finance and Administration is responsible for accounting for all municipal funds, centralized purchasing, budgeting and financial reporting.Link to page
City Financial Policies
View printable versions of the city's financial policies.Link to page
Through sound purchasing policies and procedures based upon laws and high ethical standards that promote public confidence and trust in government, procure goods and services at the right time, at the right place and at the right price for all City Departments.Link to page