The Finance Department records and reports the Town's financial transactions per Generally Accepted Accounting Principles (GAAP) applicable to governmental entities, including activities such as the preparation of financial statements and other reports, cash management, revenue collection, disbursements, payroll, audit coordination, and risk management, as well as aiding with the development and monitoring of the annual budget.
The Town's Finance Department provides support on financial and fiscal matters and strives toward the accomplishment of its goals which include the following:
- Maintain proper accountability over the Town's financial resources.
- Ensure proper implementation of financial and accounting practices for the effective and efficient use of the Town's financial resources.
- Prepare accurate and timely financial reports on the Town's financial condition.
The Town of Miami Lakes has taken another major step forward in its mission to be a leader of local government transparency. The Town of Miami Lakes has partnered with Tyler Technologies to create a financial transparency website that makes the Town's expense and revenue information open and accessible for residents. Users can now view financial data, including budgeted and actual transactions for the current fiscal year, as well as historical information from previous years, by clicking the banner below.
The Town of Miami Lakes has also partened with Engaged Public, a public policy consulting firm developer of the Taxpayer Receipt platform. The Taxpayer Reciept is an information-sharing tool that breaks down the amount of tax paid by each taxpayer for various Town initatives, departments, and services, thereby encouraging even greater citizen involvement in the budgeting process and financial decision of the Town. Click on the Tax Receipt banner below.