The Finance Department has the fiduciary responsibility to the residents, officials, and city departments to ensure accuracy and timely reporting of financial results and prudent cash management while adhering to all provision of the Government Accounting Standards Board (GASB), Generally Accepted Accounting Principles (GAAP), city ordinances, federal and state laws.
The Finance Department consists of the following divisions and responsibilities:
Assessing – Ensures the valuation of residential and commercial property.
Tax and Revenue Collection – The collection of taxes, process motor vehicles registrations, cash receipts and timely deposits.
- Accounting – Functions of Cash Management, establish and maintain Internal Controls, competitive purchasing, Payroll, Accounts Payable and water/sewer & miscellaneous billing.
Purchasing – Administers the City’s purchasing procedures in accordance with the City of Portsmouth Purchasing Manual, which ensures the efficient means for procurement of materials, supplies and equipment.
Monday 8 AM – 6 PM
Tuesday – Thursday 8 AM – 4:30 PM
Friday 8 AM – 1 PM
Director of Finance and Administration
Deputy Finance Director
Payroll - City
Payroll - School
- The preparation of the Annual Budget
Annual audited Financial Statements and the preparation of the Comprehensive Annual Financial Report (CAFR)
The preparation of the 6-year Capital Improvement Plan
The preparation of the Popular Annual Financial Report (PAFR)
Tax Rate Setting
Bond Sale including the preparation of the Official Statements & Continuing Disclosure Annual Report.