Finance

The City of Altus Finance consists of two different departments which report to the Chief Financial Officer. These departments are the Finance Department and Central Purchasing.


Finance Department


The Finance Department has the responsibility of monitoring the activities of the General Ledger. Those activities include the Payroll functions. In conjunction with this task the Finance Department is responsible for the compilation and administration of the City of Altus budget, the administration of the Hotel/Motel Tax, internal auditing to ensure compliance with all local, state and federal laws, and financial reporting to the City Council.


Central Purchasing Department


The Central Purchasing Department is responsible for all purchasing functions for the City of Altus, both contractual and non-contractual. These services include Accounts payable and assisting departments and vendors in preparing specifications of items to be purchased by the City of Altus. The department also is charged with contacting vendors before ordering materials to secure the most competitive prices for Altus.


Budgets and Financial Reports


Adopted Budgets


Annual budgets are adopted for the current fiscal year which begins July 1st and runs until June 30th of the following calendar year.  Oklahoma municipalities are required by state statute to adopt a balanced budget prior to the beginning of the fiscal year, or no later than June 30th.
City Management compiles the budget with the assistance of city staff including department heads and key financial personnel.  A draft of the submitted budget is made available for public viewing on this website 30 days prior to City Council approval and adoption of the final budget.





Audit Reports


View archived audit reports for the City of Altus.
View Most Recent Audit Report (PDF) | View All Audit Reports