The Finance Department is responsible for all financial operations of the City insuring that statutory requirements consistent with established and generally accepted accounting and auditing procedures are met. Included in this operation is the administration, processing and accounting of the City's payroll, purchasing, accounts payable, accounts receivable, investments of funds for the City, employee retirement administration and risk management. Finance is responsible annually for the audit, budget, capital improvement program and the long range financial plan for the City. Finance also directs the issuance of municipal debt and industrial revenue bonds.