The Finance Department is responsible for the efficient fiscal management of the City of Lake City annual budget. The principal function is to perform financial oversight, planning, and administrative duties, with responsibility over the City’s initial budget preparation, accounting, auditing and related financial operations. The Department is responsible for providing timely information to the City Manager on issues affecting the current and future financial affairs of the City. In addition, the department provides related support services to other City departments.
Other responsibilities include:
- Accounts payable
- General accounting
- Preparing the annual budget
- The City’s annual audits