Freeport City Finance Department in Freeport, Illinois

Popularity:#16 of 31 Finance Departments in Illinois#651 in Finance Departments

Freeport City Finance Department Details

Address, Phone Number, and Hours for Freeport City Finance Department, a Finance Department, at West Stephenson Street, Freeport IL.

Name
Freeport City Finance Department
Address
524 West Stephenson Street
Freeport, Illinois, 61032
Phone
815-297-1300
Hours
Open Daily 12:00 AM-11:55 PM

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About the Freeport City Finance Department

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

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

Unclaimed Property in Freeport, IL

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

Financial Reporting & Controls

In Freeport, 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 Freeport government compliance with these internal controls.

Stephenson County Government Investments

The Finance Department manages the Freeport 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 Stephenson County government investments.

Government Bonds & Debt Offerings

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

Contact the Freeport City Finance Department

You may contact the Freeport City Finance Department by calling 815-297-1300, or by addressing inquiries to the office mailing address: Freeport City Finance Department, 524 West Stephenson Street, Freeport, Illinois, 61032.