Comptrollers

Mission Statement

The Comptroller's Office provides supervision and oversight over all financial activities of the City; maintain the City's financial accounting system in a manner that is capable of responding to a variety of financial information needs; prepare and distribute timely and accurate financial reports to management; the City Council; state and federal agencies; taxpayers and members of the public; perform other duties are assigned by the Chief Financial Officer.

 

Operations

The Comptroller's Office provides accounting, auditing and financial reporting services to all City Departments, Boards, and Commissions in accordance with Massachusetts General Laws, Municipal Ordinances, and Generally Accepted Accounting Principles for State and Local Governments.

 

Current Highlights

Provide oversight of all financial activities of the City for purposes of:

  • Assuring financial transactions are undertaken in accordance with federal, state, and local law, regulation, contract, and policy; and that City assets are protected from misuse or misappropriation
  • Assuring that financial transactions are properly documented and approved
  • Assuring that financial transactions are properly recorded in the City's accounting system
  • Prepare and distribute accurate and timely financial reports from data maintained in the accounting system in order to meet reporting needs of:
     - The Mayor and City Council
    - City Departments
    - Boards and Committees
    - State and Federal grant and oversight agencies
    - Trustees of City trust funds
    - Independent Financial Auditors
    - Financial markets, citizens, and taxpayers
    - Serve as one of the five trustees of the City's contributory retirement system
  • Administer the City's property insurance program
  • Assist the CFO and Mayor's Office in the preparation of the annual budget 
  • Assist the City Council in the analysis and approval of the annual budget
  • Coordinate the completion of the annual independent financial audit
  • Provide financial research and analysis assistance to the City Council, as requested