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The Finance Department has the fiduciary responsibility to
safeguard the City’s financial assets and manage them in
accordance with generally accepted accounting and financial
management principles. Our department's mission is to provide
professional financial services to City departments and the citizens
of Lake Oswego in order to promote fiscal integrity and stability
- now and into the future.
The page is maintained by city staff. Your questions,
comments and suggestions are welcome! Email
us at the City of Lake Oswego.
Introduction
The general functions of Finance include budgeting,
financial reporting, cash management, purchasing, utility
billing, revenue collection, investment portfolio management,
debt administration, accounts payable, banking services,
along with the coordination and implementation of related internal
controls.
Awards for Financial Reports
The Finance Department receives
awards for two of it's main reports (the Budget and the Audit) from the national organization, Government Finance Officers Association.
Credit Ratings
Rating agencies issue credit ratings reflecting their current assessment of the creditworthiness of a local governments. The three major agencies are Moody’s Investors Service, Standard & Poor’s Ratings Services, and Fitch Ratings Service.
Financial Policies
Financial policies help the City in managing
its financial, operational, and budgetary affairs. These
are general policy statements representing long-standing principles,
traditions, and practices that have guided the City in maintaining
its financial stability.
Frequently Asked Questions
This section contains answers to many basic Frequently Answered
Questions related to finance topics.
Contact Information
Some basic background on the Finance Department
and how best to get in touch with someone regarding any questions, comments, and/or concerns that you may have.
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