Accounting
The City of Rockford Accounting is directed by an Accounting Manager and is made up of four sections: Financial Reporting, Payroll, Accounts Payable, and Billing.
Financial Reporting
The Financial Reporting section is responsible for the preparation of financial statements, tracking fixed assets, and the accounting of receivables. Accountants and clerks maintain the accounting and reporting systems.
Comprehensive Annual Financial Report
The Comprehensive Annual Financial Report (CAFR) is generated annually to communicate to citizens, Council Members, and other government agencies the financial position of the City. The CAFR presents the results of operations of all City activities for the previous fiscal year. These financial statements are reviewed by an independent auditor, whose opinion is included with the CAFR. CAFRs from prior years may be accessed here.
The Comprehensive Annual Financial Report, or CAFR, is generated annually to communicate to citizens, Council Members, and other government agencies the financial position of the City. The CAFR presents the results of operations of all City activities for the previous fiscal year. These financial statements are reviewed by an independent auditor, whose opinion is included with the CAFR.
2004 CAFR-Introduction, Management Discussion, and Basic Financial Reports
2004 CAFR-Required Supplementary Information
2006 CAFR-Introduction, Management Discussion, and Basic Financial Reports
2006 CAFR-Notes to the Financial Statements
2006 CAFR-Required Supplementary Information
2008 CAFR, file 1
2008 CAFR, file 2
2009 CAFR, file 1
2009 CAFR, file 2
Government Finance Officers Association Award
The Government Finance Officers Association evaluates municipal Comprehensive Annual Financial Reports each year to award its Certificate of Achievement for Excellence in Financial Reporting. The City of Rockford has received this award every year since 1981.
Payroll
The Payroll section is responsible for administering the City payroll system which is run bi-weekly.
Accounts Payable
The Accounts Payable section is responsible for coordinating efficient, responsible, and timely distribution of accounts payable and disbursements.
Billing
The Billing section is responsible for notification and accounting for businesses subject to the Redevelopment Fund (Metro) Tax and Tourism (Hotel/Motel) Tax as well as billing other municipalities for City services per intergovernmental agreements.
