City of Grosse Pointe Farms

Finance

The primary purpose of the Finance Department is to maintain the financial records of the City.

Mission
The mission of the Finance Department is to provide accurate and timely financial services for the City of Grosse Pointe Farms in the most efficient and transparent manner possible.

Responsibilities
The primary responsibility of the Finance Department is to maintain the City's financial records in accordance with the City Charter, state law and generally accepted accounting principles (GAAP).

The Finance Department is responsible for:
  • accounting
  • budgeting
  • cash management
  • collection and billing
  • debt administration
  • purchasing and accounts payable
  • payroll and employee benefits
  • retirement system administration
The Director of Finance and Operations serves as the City Controller and Treasurer and oversees all areas of Financial Services, including Assessing, Finance, Treasury and Utility Billing.

Director of Finance and Operations also serves as the secretary, treasurer and administrator for the City's two retirement systems and the custodian of its assets. Together with the City's actuaries, the Department is responsible for the preparation of estimated and final pension benefit calculations, monthly pension benefit payments,  and all of the data for the actuarial valuations.