Finance

The Finance Department is responsible for:

  • Developing, implementing, and maintaining the City's financial systems in conformity with generally accepted accounting principles
  • Managing bonded indebtedness
  • Managing investments of cash balances
  • Preparing the City's annual budget
  • Processing and disbursing funds for payments
  • Processing cash collections
  • Publishing appropriate financial statements and reports

Achievements

Distinguished Budget Presentation Award (JPG) Opens in new windowThe Finance Department has received the Distinguished Budget Presentation Award. The award is presented by the Government Finance Officers Association. In order to receive the award, the City must publish a budget document that meets program criteria such as a policy document, as an operations guide, as a financial plan, and as a communications device. The City of Kilgore has received the award for the Annual Operating Budget document for the fiscal years of 2006 through 2014.