Tuesday, May 21

Finance

Introduction

The Finance Department provides a comprehensive financial accounting and reporting system that meets the information requirements of all of its users, and that complies with all applicable laws and regulations. It is managed in accordance with Generally Accepted Accounting Principals (GAAP).

The department safeguards all city assets and promotes their efficient use, while adhering to prescribed City Council and management policies. The information provided by the Finance Department not only allows the public to monitor the city finances, but also provides the city management with a valuable financial planning tool. The Finance Department performs the following major functions for the city:

  • Financial accounting and reporting
  • Budget preparation and analysis
  • Purchasing
  • Accounts payable
  • Fixed asset management
  • Treasury and investment management
  • Accounts receivable
  • Receipt of cash payments
  • Business and other licensing
  • Utility billing, collections and accounting
  • Payroll

The Finance Director acts as the Deputy City Treasurer and assists the City Treasurer in the management of the city's cash and investments. The Finance Director also functions as the Treasurer of the Upland Community Redevelopment Agency and assists the RDA in the encouragement of sound economic development of the community.

Business Applications