Bloomington Finance Department in Bloomington Illinois

Address and phone number for Bloomington Finance Department, a Finance Department, at East Olive Street, Bloomington IL.


Name
Bloomington Finance Department
Address
109 East Olive Street, Bloomington, Illinois, 61701
Phone
309-434-2233
Hours
Mon-Thu 9:00 AM-9:00 PM; Fri-Sat 9:00 AM-5:00 PM; Sun 1:00 PM-5:00 PM

About the Bloomington Finance Department

The Bloomington Finance Department, located in Bloomington, IL, is responsible for financial administration in Bloomington. The Finance Department oversees accounting, cash management, debt management, and investment management, including preparing financial statements and enforcing financial controls. Government financial records created by the Finance Department are available to the public.

You may contact the Department of Finance for questions about:
  • McLean County government financial records
  • Bloomington financial management
  • Municipal bonds and investments
  • Unclaimed property in Bloomington, IL
  • Government budget reports
Bloomington Government Financial Records

The Finance Department records all government financial transactions, including accounts payable, payroll, accounts receivable, and employee benefits transactions. The Bloomington Department of Finance also reconciles bank statements to the general ledger to ensure Bloomington government financial records are accurate. In addition to financial management services, the Finance Department creates annual financial statements detailing Bloomington government financial activities, which are available to the public. These financial statements undergo audits from an outside agency to verify their accuracy and representation of the Bloomington government's financial situation.

Unclaimed Property in Bloomington, IL

The Bloomington Finance Department provides information on unclaimed property located in Bloomington, IL. These records allow rightful owners to claim their property. The Finance Department also provides resources to identify unclaimed funds, including for heirs or beneficiaries. Contact the Finance Department for information about McLean County databases to search for unclaimed funds or property, as well as information on recovering found cash and property.

Financial Reporting & Controls

In Bloomington, the Finance Department develops and implements internal controls designed to promote transparency in financial management. These controls also prevent fraud, misuse, and misappropriation of funds. The Finance Department enforces rules for approving payments, handling cash, and processing payments. During the annual audit review, an external agency reviews Bloomington government compliance with these internal controls.

McLean County Government Investments

The Finance Department manages the Bloomington government's investments and cash on hand. This includes balancing the need for cash on hand to cover current activities and obligations with the opportunity to maximize investment returns. The Finance Department adopts policies on cash management and investment, and it also provides information on McLean County government investments.

Government Bonds & Debt Offerings

The Bloomington Finance Department manages government bonds and debt offerings, including issuing bonds to pay for infrastructure improvements and public projects. The Department of Finance must size the bond offering and create an Official Statement, which provide rating agencies with information to assign the bonds a credit rating. Contact the Bloomington Finance Department for more information on Bloomington government bonds and debt offerings.

Contact the Bloomington Finance Department

You may contact the Bloomington Finance Department by calling 309-434-2233, or by addressing inquiries to the office mailing address: Bloomington Finance Department, 109 East Olive Street, Bloomington, Illinois, 61701.


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