Finance

The City Finance Department provides financial support to the entire organization, in accordance with GAAP, GASB regulations, the state laws and administrative policies established by the City Council. The Finance Officer is responsible for recording minutes of City Council meetings and keeps custody of official documents of the City Council.

Department Responsibilities

The primary responsibilities of the Finance Department include:

• Administering and investing all the funds of the city, including utility funds
• Administration of municipal elections
• Administration of special assessments
• Assist with Budget development
• Banking relations
• Business and contractor licensing
• Debt service analysis and bond payments
• Grant and intergovernmental revenue administration
• Implementation of financial controls
• Payroll
• Preparing and maintaining the required accounting records
• Preparing monthly, quarterly and annual reports
• Processing vendor payments
• Receivables
• Risk management and loss control
• Updating the City of Vermillion Fee Schedule (PDF)
• Utility Billing