City of new orleans department of finance

The City of New Orleans Department of Finance is responsible for managing the city's finances, including budgeting, accounting, and financial reporting. Here are some key functions and responsibilities of the department:

1. Budgeting: The department prepares and submits the city's annual budget to the New Orleans City Council for approval. The budget outlines projected revenues and expenses for the city's various departments and programs.
2. Accounting: The department is responsible for maintaining the city's financial records, including accounts payable, accounts receivable, and payroll processing.
3. Financial Reporting: The department provides financial reports to the city council, mayor, and other stakeholders, including the annual Comprehensive Annual Financial Report (CAFR) and quarterly financial reports.
4. Treasury Management: The department manages the city's cash and investments, including short-term investments and long-term debt.
5. Tax Collection: The department is responsible for collecting taxes, including property taxes, sales taxes, and other local taxes.
6. Grants Management: The department manages grants received by the city from federal, state, and private sources, including tracking grant expenditures and reporting to grantors.
7. Financial Analysis: The department provides financial analysis and advice to city departments and officials, including budget analysis, financial forecasting, and cost-benefit analysis.

Some of the key contacts and resources for the City of New Orleans Department of Finance include:

• Phone: (504) 658-1700
• Email: [email protected]
• Website: www.nola.gov/finance
• Address: City Hall, 1300 Perdido Street, New Orleans, LA 70112

Some of the key reports and documents published by the City of New Orleans Department of Finance include:

• Comprehensive Annual Financial Report (CAFR)
• Quarterly Financial Reports
• Annual Budget
• Five-Year Financial Plan
• Debt Management Report

Some of the key financial data and statistics for the City of New Orleans include:

• Budget: The city's annual budget is typically around $1.5 billion.
• Revenue: The city's primary sources of revenue are property taxes, sales taxes, and federal and state grants.
• Expenses: The city's largest expenses are personnel costs, followed by debt service, and capital expenditures.
• Debt: The city has a significant amount of debt, including general obligation bonds and revenue bonds.
• Unfunded Liabilities: The city has significant unfunded liabilities for its pension and other post-employment benefits (OPEB) plans.