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Documents
To provide information to the Mayor and City Council regarding proposed City Ordinances and Resolutions that have a budgetary impact.
To establish the City’s policy on preparing and submitting Fiscal Impact Statements to the Mayor and City Council.
To rescind outdated, inconsistent and arbitrary policies.
To ensure optimal identification, implementation and utilization of an ERP system which is designed to enhance the efficiency of City financial, technical and operational activities
To designate ACH payments as the primary payment method required for all City of Detroit payments.
To establish the City’s policies regarding bank account management, cash receiving and accounting, bank accounts and reconciliations, and liquidity management.
To establish the City’s policy regarding budget development, execution and monitoring.
To ensure the City makes its required contributions to the Retirement Systems for City employees and retirees in an efficient manner.
To establish a Performance Management program for the OCFO that supplements policies developed by the Human Resources (HR) Department.
To ensure there is long-term (5-10 year) financial planning.
To establish the responsibilities of the Advisory Committee.
To establish the City’s policy governing investments and investment management.
To establish the City’s debt issuance and management policy.
To establish the City’s financial reporting policy.
To establish a fiscally responsible budget policy for the use of Non-Recurring Resources.
To provide policies and procedures for funding and utilizing the General Fund Budget Reserve.
To ensure the City continues to plan for future financial needs and opportunities.
Administrative Issuance System (AIS) is utilized for establishing, disseminating, and administering all information regarding the basic management structure of the authority, functions, policies, procedures, statements, opinions, and other governance of the OCFO