The Finance Department ensures the City of Jacksonville handles its money wisely, efficiently and transparently by closely watching over revenue that is received (through taxes and fees, for example) and spent by the various departments and divisions as they provide services. The department also invests city funds not slated for immediate use, so they produce the best and safest possible returns.
The Director of the Finance Department is also the city's Chief Financial Officer (CFO).
The department is supported by four divisions.
The Accounting Division keeps track of revenue and expenses.
The Budget Division prepares budgets and publishes budget documents.
The Risk Management Division manages safety and insurance programs.
The Treasury Division controls the flow of money in and out of the city's accounts and oversees the City of Jacksonville Retirement System.