Financial Services Department
As the City of Las Cruces has a responsibility to account for public funds and plan for the adequate funding of services provided to the public, the primary goal of Financial Services staff is to manage the financial affairs of the City and provide accurate and timely financial information in compliance with laws and regulations, governmental practices, and generally accepted accounting principles.
The mission of the Financial Services Department is to provide accounting, cash management, purchasing, payment services, and payroll services to City departments and governmental agencies so they can efficiently and effectively deliver municipal service to their customers.
Financial Services is comprised of eight programs whose functions are vital to the daily operations of the City of Las Cruces. These programs fall within four Lines of Business that work together in effort to accomplish this mission as detailed below.
- Office of the Director - The Office of the Director line of business houses the Administration program. Its purpose is to provide leadership and oversight of all programs to ensure alignment with the overall direction, and the overall financial health, of the City.
- Accounting and Financial Reporting - The purpose of the Accounting and Reporting line of business is comprised of the Accounting, Fixed Asset, and Payroll programs. Its purpose is to provide reporting, analytical and training services; the oversight and management of assets and auction services; and compensation services to City Council, City departments, and governmental agencies.
- Procure to Pay - The Procure to Pay line of business is comprised of the Purchasing and Accounts Payable programs. Its purpose is to provide oversight and management of the procurement of goods and services to ensure that purchases are competitive and in compliance with all applicable rules and regulations; and provides timely compensation to vendors, City departments, and governmental agencies for goods and services received.
- Treasury Management - The Treasury Management line of business is comprised of the Treasury and Cashiering programs. Its purpose is to provides professional, courteous, and convenient payment processing services to City customers; and provide cash management and financing services to City customers, departments, and governmental agencies.
The Government Finance Officers Association (GFOA) established the Comprehensive Annual Financial Reporting (CAFR) certificate program in 1945 to encourage state and local governments to go beyond the minimum requirements of generally accepted accounting principles. In doing so, the GFOA has established a high standard for financial reporting where government agencies must open their books in the spirit of transparency and full disclosure.
The GFOA then established the Popular Annual Financial Reporting (PAFR) awards program in 1991 to encourage state and local governments to produce popular annual financial reports designed to be readily accessible and easily understandable to a broad audience.
As of 2018, the City of Las Cruces has been presented by the GFOA with 14 consecutive CAFR Awards and 5 consecutive PAFR Awards .