FY2024 Adopted Operating and Capital Budgets

FY2024 Adopted Budget Organizational Budgets

Division of Finance

Division of Finance The Division of Finance, under the direction of the Finance Director, is composed of Finance Administration and the departments of Accounting, Treasury and Debt & Benefit Trust Management. The Finance Director, appointed by the County Executive, is responsible for the preparation of the County's annual comprehensive financial report. The Finance Director also acts as a financial advisor to the Executive. Finance Administration

Finance Administration provides guidance and support to the Accounting, Treasury, and Debt and Benefit Trust Management departments. This office provides financial support and information to the County Executive and is responsible for providing the County Council with fiscal impact notes and financial information on proposed legislation and fiscal policies, as well as the integration of finance-related information systems throughout County Government. Defined Contribution Plan, Other Post-Employment Benefits (OPEB) and Length of Service Awards Program (LOSAP) trusts. Debt & Benefit Trust Management Department The Debt & Benefit Trust Management Department is responsible for managing the timely and economic issuance of long-term financial obligations; developing and maintaining strong rating agency relations; preparing accurate and timely ! " # disclosure requirements; and coordinating bond counsel review. Administration also plays an integral role in the formation, monitoring and payment processing of Tax Incremental Financing (TIF) and Community Development Authority (CDA) conduit debt financing. This department is also $ % & $ % ' $ ( )' $(* + of Service Award Program (LOSAP) Trust. Services provided include contract administration with external consultants, cash flow monitoring, participation in committee meetings, plan document reviews, as well as management of the trust assets. Management of these areas includes budget preparation, financial policy review and preparation, accounting and financial reporting for each of the Trust Funds and the Debt Service Fund. Independent software systems are maintained for the debt portfolio and an investor relations website.

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