The Finance Department is responsible for providing financial management and accounting services for all city operations. This includes maintaining accounting records, borrowing money to finance city expenditures, investing city funds, preparation of the city’s five-year capital improvement plan, audit and budget preparation, supervision of revenue collection and disbursements of city monies, payroll processing and financial reporting.
The Government Finance Officers Association has awarded the Distinguished Budget Presentation Award to the City of St. Francis for its 2010 – 2016 budget document.
The Government Finance Officers Association has awarded the City of St. Francis the Certificate of Achievement for Excellence in Financial Reporting for 2011 – 2015 Financial Years.
An independent bond rating agency, Standard & Poor’s has assigned the City of St. Francis an AA Rating. This rating was for the city’s general obligation bonds.