Accounting

Did You Know?

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

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

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 2015-2016 Comprehensive Annual Financial Report (CAFR) (pdf)
The 2014-2015 Comprehensive Annual Financial Report (CAFR) (pdf)
The 2013-2014 Comprehensive Annual Financial Report (CAFR) (pdf)
The 2012-2013 Comprehensive Annual Financial Report (CAFR) (pdf)
The 2011-2012 Comprehensive Annual Financial Report (CAFR) (pdf)
The 2010-2011 Comprehensive Annual Financial Report (CAFR) (pdf)
The 2009-2010 Comprehensive Annual Financial Report (CAFR) (pdf)
The 2008-2009 Comprehensive Annual Financial Report (CAFR) (pdf)
The 2007-2008 Comprehensive Annual Financial Report (CAFR) (pdf)
The 2006-2007 Comprehensive Annual Financial Report (CAFR) (pdf)