Finance

Mission Statement

The Finance Department’s mission is to build public trust by ensuring the long-term financial sustainability of the City of Altus with excellence, integrity and professionalism. We protect the City’s assets by planning, accounting for, monitoring, and expending public funds with sound financial management. We are committed to serving our internal and external customers promptly, courteously, accurately, and concisely while ensuring compliance with Federal, State, and local laws and regulations.

About

The Finance Department is the central manager of the City’s assets and is responsible for all accounting, budgeting, purchasing, accounts payable, and payroll. We control and record the City’s financial activity by reviewing and monitoring all financial activity against the City’s economic plan (budget). The Finance Department coordinates the compilation of annual financial statements and schedules for the audit and public information. We direct the competitive bidding process and record all capital assets for the City. We track and manage all grants, MAPS projects, and our TIF district, and administer the City’s debt.

Responsibilities

Control and recording of all the City’s financial activity
Preparation and monitoring of the Altus’ financial plan (budget)
Coordination of the annual financial audit
Preparation of interim (or unaudited) financial reports
Payments to vendors and employees
Procurement management
Capital asset tracking and management
Coordination of insurance on City assets
Grant and project monitoring and reporting
Record and administer all debt
Ensure compliance with all Federal, State and local laws and regulations

Finance

Jan Neufeld