Management responsibility for all of the City's financial activity, including debt management, is centralized in the Finance Department. Major areas of responsibility including accounting, reporting, payroll, utility billing and collection, purchasing, budget operations, and treasury management.  Other duties include processing accounts payable transactions, publishing financial statements, administering the cash management and investment program, coordinating the capital improvement program, invoicing miscellaneous receivables and maintaining all capital asset records.

Key documents

• 2009-2010 Annual Operating Budget (5.8 MB)
• 2008-2009 Annual Operating Budget (6.8 MB)
• Comprehensive Annual Financial Report for Fiscal Year 2008 (5MB PDF)

The Finance Department consists of five programs:
 
Administration: This program’s responsibility involves financial planning for the organization, policy development and deployment of financial policy.

Accounting: This program is responsible for maintaining the financial records of the City. This includes processing and recording all receipts and disbursements of funds, recording fixed assets, reconciling records with the depository bank and other agencies, payroll, reporting of financial information on City grants, assisting external auditors and reporting financial results to City management, departments, citizens and other agencies as needed.
 
Budget: The Budget Office is responsible for producing and monitoring the annual Operating Budget and various subsidiary budgetsl. It is also responsible for generating projections and monitoring departmental budgets.

Capital Projects: This program is responsible for the financial planning and management of the capital improvement project funds. This involves budgeting, cash flows, disbursements, monthly balancing and reporting of capital projects. This program assists in coordinating the prioritization and funding of projects and managing project changes and their financial implications. This program verifies all construction and engineering invoices to prepare them for disbursement. This program also coordinates the Capital Improvement Project (CIP) Process and produces financial information to assist auditors, project managers, and others.

Treasury: This program is responsible for cash management and investment of funds. This includes the daily transferring and settling of depository funds, investing excess funds and reporting investments in accordance with the Texas Public Funds Investment Act and the City’s Investment Policy. It also includes maintaining working relationships with the City’s depository bank(s), authorized broker/dealers, and the City’s safekeeping agent. Finally, it includes making sure City funds are collateralized in accordance with the Texas Collateral Act for Public Funds and the City’s Investment policy.

Finance Department
221 E. Main St.
Round Rock, Texas 78664
Phone: 512-218-5400  |  Fax: 512-218-5442