Sacramento County Finance Department

The Sacramento County Finance Department is responsible for managing the financial resources of Sacramento County, ensuring fiscal stability, and providing accurate and transparent financial information to the public, the Board of Supervisors, and other county departments. The department plays a crucial role in the efficient and effective operation of county government.

Core Functions

The Finance Department’s responsibilities are broad and encompass several key areas:

• Budgeting and Financial Planning: Developing and managing the County’s annual budget, forecasting revenues and expenditures, and ensuring alignment with County priorities. This involves collaborating with other departments to understand their needs and allocating resources accordingly.
• Accounting and Financial Reporting: Maintaining accurate accounting records, preparing financial statements in accordance with Generally Accepted Accounting Principles (GAAP), and complying with all relevant federal, state, and local regulations. This includes managing accounts payable, accounts receivable, and the County’s general ledger.
• Treasury Management: Managing the County’s cash flow, investments, and debt. This includes investing funds to maximize returns while ensuring the safety and liquidity of assets. The department also oversees the issuance of bonds and other debt instruments.
• Purchasing and Contracting: Overseeing the County’s procurement process, ensuring fair and competitive bidding, and managing contracts with vendors. This includes developing and implementing purchasing policies and procedures.
• Internal Audit: Conducting internal audits to assess the effectiveness of internal controls, identify areas for improvement, and ensure compliance with policies and regulations.

Transparency and Accountability

The Sacramento County Finance Department is committed to transparency and accountability in its financial operations. The department provides various financial reports and documents to the public, including the County’s annual budget, comprehensive annual financial report (CAFR), and other financial statements. These documents are typically available on the County’s website.

Technology and Innovation

The department is continuously seeking ways to improve its efficiency and effectiveness through the use of technology and innovation. This includes implementing new accounting software, automating financial processes, and leveraging data analytics to improve decision-making. By embracing technology, the department can streamline operations, reduce costs, and improve the quality of its services.

Importance to the County

The Finance Department is essential to the overall functioning of Sacramento County. Its responsible management of public funds ensures that the County can continue to provide vital services to its residents, including public safety, health care, social services, and infrastructure. By maintaining fiscal stability and ensuring transparency, the department builds public trust and confidence in County government.

The department’s leadership and expertise are crucial in navigating complex financial challenges and ensuring the long-term financial health of Sacramento County.