The City of Albany Finance & Administrative Services Department
monitors the fiscal operations of the City, including accounts payable, accounts receivable, payroll, and other business transactions.
It compiles financial reports, such as income statements, balance sheets, and so on, and compiles and reconciles fixed assets.
The Department also addresses long-term financial operations by developing five-year revenue and expenditure forecasts, midyear
budget review and revisions, along with capital-improvement projects such as lighting, landscaping, streets, and sewers.
All this information is available on the Finance
and Administrative Services page on the City's Website. Unfortunately, the sheer volume and complexity of all the various
reports makes the City's overall financial situation very difficult for the average resident to comprehend. It's hard to get
straight answers to questions like these:
- Will the City have a surplus or deficit this year?
capital-improvement projects are funded and which aren't?
- Will the city need to raise property or parcel taxes
this year? If so, why?
In the near future, the AWC will attempt to bring you a "layperson's view" of the City
budget that will answer questions such as these and make the City's finances more transparent to its residents.