GovernSmyrna.

FY2027 adopted budget book — official finance index

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FINANCE 
Function 
The Finance Department is responsible for providing financial information that is useful to the decision-
making of internal and external stakeholders. Finance is a supporting function for every department in 
the City of Smyrna. Staff in this department engage in financial planning and reporting, budgeting, 
property tax billing and collections, accounts payable, and purchasing. The Chief Financial Officer also 
serves as the Deputy City Administrator with oversight of additional departments/divisions.  
Major Goals & Objectives 
• Maintain financial integrity of accounting records in accordance with GAAP and GASB. 
• Use financial analysis and long-term planning to help Administration achieve strategic goals. 
• Coordinate and manage the annual operating and capital budgeting processes, encouraging 
responsible budgeting and spending to keep reserves at or above policy threshold.  
• Monitor and report budget-to-actuals, noting significant variances and recommending budget 
amendments as needed.  
• Maintain or improve bond ratings through sound financial management.  
• Work with external auditor to provide information necessary for annual financial audit.  
• Publish annual financial statements that are understandable, relevant, reliable, and in 
compliance with GASB reporting requirements.    
• Facilitate transparent purchasing processes offering effective, efficient, and ethical guidance to 
maintain compliance with relevant state laws.   
• Make timely vendor payments supported by adequate documentation.  
• Provide accurate property tax billing and collection services. 
• Ensure financial policies and standard operating procedures exist for essential functions.  
• Evaluate payment processing systems for customer convenience and fair fee structures.  
Performance Measures 
• GFOA Certificate of Achievement for Excellence in Financial Reporting  
• Unqualified audit opinion 
• Council-approved budget 
• Property tax collection rate  
• Bond ratings (Moody’s and S&P) 
 
 
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