Faribault Finance Department in Faribault Minnesota

Address and phone number for Faribault Finance Department, a Finance Department, at 1st Avenue Northwest, Faribault MN.

Faribault Finance Department
208 1st Avenue Northwest, Faribault, Minnesota, 55021
Mon-Fri 8:00 AM-4:00 PM

About the Faribault Finance Department

The Faribault Finance Department, located in Faribault, MN, is responsible for financial administration in Faribault. 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:
  • Rice County government financial records
  • Faribault financial management
  • Municipal bonds and investments
  • Unclaimed property in Faribault, MN
  • Government budget reports
Faribault Government Financial Records

The Finance Department records all government financial transactions, including accounts payable, payroll, accounts receivable, and employee benefits transactions. The Faribault Department of Finance also reconciles bank statements to the general ledger to ensure Faribault government financial records are accurate. In addition to financial management services, the Finance Department creates annual financial statements detailing Faribault 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 Faribault government's financial situation.

Unclaimed Property in Faribault, MN

The Faribault Finance Department provides information on unclaimed property located in Faribault, MN. 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 Rice County databases to search for unclaimed funds or property, as well as information on recovering found cash and property.

Financial Reporting & Controls

In Faribault, 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 Faribault government compliance with these internal controls.

Rice County Government Investments

The Finance Department manages the Faribault 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 Rice County government investments.

Government Bonds & Debt Offerings

The Faribault 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 Faribault Finance Department for more information on Faribault government bonds and debt offerings.

Contact the Faribault Finance Department

You may contact the Faribault Finance Department by calling 507-334-2222, or by addressing inquiries to the office mailing address: Faribault Finance Department, 208 1st Avenue Northwest, Faribault, Minnesota, 55021.

Map of Faribault Finance Department in Faribault Minnesota

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