The City of Oakland Park's Financial Services Department mission is facilitate the strategic performance area of Financial Sustainability by ensuring the integrity of the City's financial records and budget process, and by providing the most responsive and cost-effective, integrity-based purchasing operations.
There are 3 divisions within the Financial Services Department:
The Accounting and Treasury Division is responsible for providing the City with accurate, timely financial information in compliance with governmental accounting standards and generally accepted accounting principles. The Accounting Division also maintains responsibility for the proper disbursement of City funds through the Accounts Payable and Payroll functions, fixed assets reporting, grant compliance, and accounts receivable billing. The Division is also responsible for the timely revenue collection process of the City and the investing of these funds.
The Division prepares the Comprehensive Annual Financial Report (CAFR). It has been awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers’ Association every year since 2001.
Management & Budget Division
The Management and Budget Division provides financial planning and forecasting, and prepares the City's annual operating and Capital Improvement Projects (CIP) budgets including program evaluation through the management of the City’s benchmarking and performance measurement program. The Division has been awarded the Distinguished Budget Presentation Award from the Government Finance Officers’ Association every year since 2005.
The Purchasing Division oversees the purchasing function, to obtain goods and services in a transparent and competitive manner that ensures the most cost-effective use of City resources.