Macon-Bibb County, GA Finance Department

The Macon-Bibb County Finance Department is responsible for managing the financial resources of the consolidated government. This includes overseeing budgeting, accounting, procurement, and risk management. The department’s primary goal is to ensure financial stability, transparency, and accountability in all fiscal operations.

Key Functions and Responsibilities:

• Budgeting: The Finance Department plays a crucial role in developing and implementing the annual budget. This involves working with all county departments to forecast revenues, allocate resources, and prioritize spending needs. The department also monitors budget performance throughout the year, identifying potential shortfalls or surpluses and recommending adjustments as needed. Citizen input is often solicited during the budgeting process.
• Accounting and Financial Reporting: The department maintains accurate and complete financial records in accordance with Generally Accepted Accounting Principles (GAAP). This includes processing payments, managing accounts receivable, and preparing comprehensive financial reports, such as the Comprehensive Annual Financial Report (CAFR). These reports provide a detailed overview of the county’s financial position and operating results.
• Procurement: The Procurement Division, a part of the Finance Department, is responsible for purchasing goods and services in a fair, competitive, and transparent manner. They oversee the bidding process, negotiate contracts, and ensure compliance with procurement regulations. The goal is to obtain the best value for taxpayer dollars while promoting local business participation whenever possible.
• Risk Management: Identifying, assessing, and mitigating potential financial risks is another vital function. This includes managing insurance coverage, protecting county assets, and developing strategies to minimize potential liabilities. The Risk Management division helps to protect the county’s financial resources and ensure its long-term stability.
• Debt Management: The department manages the county’s debt portfolio, ensuring that debt obligations are met in a timely and cost-effective manner. This involves monitoring debt service payments, exploring refinancing opportunities, and adhering to debt management policies.

Commitment to Transparency and Accountability:

The Macon-Bibb County Finance Department is committed to providing transparent and accessible information to the public. Financial documents, including the annual budget and CAFR, are typically available on the county’s website. Public meetings are held where citizens can ask questions and provide input on financial matters.

By adhering to sound financial management principles and promoting transparency, the Macon-Bibb County Finance Department strives to ensure the responsible stewardship of taxpayer dollars and the long-term financial health of the community.