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City Departments

Fiscal Services Group

Accounting
The Accounting Department performs all financial record keeping and reporting functions for the City of Southfield, which supports complex daily operations. The primary responsibility of this department is to maintain the City’s financial records in accordance with the City Charter, State law and generally accepted accounting principles.

Specific activities performed include, bi-weekly payroll for 800 to 1,100, accounts payable / budget monitoring, annual audit, financial management reports, and assistance to the Downtown Development Authority, Economic Development Corporation, Local Development Finance Authorities and the Tax Increment Finance Authority.

The department is responsible for maintaining control over and continuously updating the fixed asset inventory. The Government Finance Officers Association of The United States of America and Canada (GFOA) has awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Southfield for its Comprehensive Annual Financial Report every year since June 30, 1986. The Certificate of Achievement is the highest form of recognition for excellence in state and local government financial reporting.

City vendors have the opportunity to view their payment status and history.  You must register in order to use this service. Go to On-Line Business Services and click on Accounts Payable Inquires.

The 2005-2006 Comprehensive Annual Financial Report (CAFR) (pdf)
The 2004-2005 Comprehensive Annual Financial Report (CAFR) (pdf)
The 2003-2004 Comprehensive Annual Financial Report (CAFR) (pdf) 
 

Did You Know?

  • Did you know that Southfield’s current City millage rate is lower that it was 27 years ago?

  • Did you know that only 30% of a Southfield taxpayer’s taxes go to the City with the remaining 70% going to schools and Oakland County?

  • Did you know that Southfield’s bond rating is AA+ which places the City in the top
    3 ½% of the more than 450 public agencies in Michigan rated by Standard & Poors?