The Department of Finance, under the supervision of the Comptroller, is responsible for overseeing and safeguarding the finances of the City of Mount Vernon.

Short and long-range planning is important to the department's development and implementation of financial policies and practices. The department manages a number of functions relative to the operation of city government.

With the responsibility of managing cash to assure maximum return and safety of invested funds, the Finance Department assures fiscal integrity and compliance pursuant to law and the provisions of the City Charter.

Major department responsibilities include:

• Billing and collection of all funds owed the City
• Investment and management of the City's surplus cash and funds held in trust
• Allocation of available funds and monitoring of City expenditures via the budget process
• Disbursement of funds for services and goods rendered to the City
• Accounting for and reporting of all funds
• Debt management, including policy development, issuance and servicing
• Advising City agencies on risk management issues and in certain cases, obtaining and monitoring insurance policies
• Overseeing Annual Budget Appropriations