Overview & Functions
The Finance Department has the primary responsibility of maintaining the integrity of the accounts of the city in accordance with generally accepted accounting principles and state statutes, including the state chart of accounts. The department is also responsible for preparing interim and comprehensive annual financial reports (CAFRs).
The department performs the functions of payroll, accounts payable, revenue, expenditure, and general ledger accounting. The department processes all financial transactions, having the responsibility of pre-auditing for compliance with policies, procedures, and laws. In addition, the department leads the preparation of the annual budget.
As an extension of the pre-audit function, the department has responsibility for internal auditing and support for the external auditors. Related duties include: rate analyses for utilities such as the power cost adjustment, forecasting costs such as purchased power, capital expansion evaluation, and other analytical projects.
Other activities include: the writing of budgeting, purchasing, and payroll policies and procedures. Efforts will continue in the areas of payroll / position control, customer service, cashiering procedures, and utility financial policies.
The department also conducts lien searches for title companies, attorneys, etc. for properties in the City of Mount Dora limits. The information provided is as follows:
- Utility bills owing
- Code enforcement violations
- Any special assessments due
The requesting party must fax a written request to the Finance Department. Additional information regarding property may be found on the Lake County Property Appraiser website.