City Finance Department
The Finance Department is committed to maintaining and reporting all financial information accurately. Also, internal accounting controls, policies, and procedures will be established, and adhered to, in order to safeguard city assets. The department will provide support and information to the City Council, Administration and all other departments. We are committed to improving our skills while taking pride in our work in order to provide the highest quality of customer service to our residents.
All cash receipt and cash disbursement transactions are processed by the Finance Department. Some of these transactions include: utility payments, business license remittances, building permits. Payroll and accounts payable transactions comprise the bulk of financial expenditures. Thousands of transactions take place each year that are compiled into an annual financial report.
Significant Functions of the South Salt Lake Finance Department
- Accurately record and report all financial transactions in a timely manner.
- Ensure that cash and investment assets are expended according to city policy and state law.
- Strive to make financial information as accessible, timely, and relevant as possible.
- Assist all customers and users of our services with courtesy and professionalism.
- Evaluate and implement new technologies and processes that are appropriate for city purposes.
Important Things to know about the Finance Department
The city's fiscal (financial) year begins July 1st and extends to the next June 30th. Every year all financial transactions, and other useful information, are compiled into an annual report, which is audited by an independent certified public accounting firm. Annually the independent auditors present the results of their audit work to the city council. The audited financial statements are available to the public by visiting the city's website.
Every year, for over the past 15 years, the city has received the "Certificate of Achievement For Excellence in Financial Reporting" from the Government Finance Officer's Association. The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting. Its attainment represents a significant accomplishment by a government and its management.