The Finance Department provides a wide scope of financial services to the city. The department consists of 23 full-time, one part-time employee, and one summer intern. Employees are highly trained in accounting, finance, benefits administration, and payroll. Department professionals keep abreast on federal and state developments especially in the areas of tax laws and accounting principals.

Unlike other departments, finance has two year-ends. For taxes and wage reporting, there is a calendar year-end (December). For financial reporting, there is a fiscal year-end, which is June 30. The finance department interacts with all city departments on a daily basis in terms of administering employee payroll and benefits, establishing and maintaining the accounting systems, auditing, processing department expenditures, and communicating the financial policies of the department. The Director of Finance serves as the ex-officio secretary of the retirement board and as administrative head of the fund which at present exceeds $600 million.

Although financial management is the major function of the department, promotion of health through the fitness program, personal financial responsibility seen through the deferred compensation plan, and employee education through administration of an on-site undergraduate program are added aspects of the department.