Recently, Mayor Domenic J. Sarno and other city officials announced the reorganization of the finance department.
According to officials the chief administrative and financial office and finance department merged with the office of management & budget to guarantee the city would be properly maintained by providing the mayor, city council, and other city departments with timely and accurate information, advice, and performance management.
"I am incredibly proud of my finance team and the job that they have done over the past several years. Despite weathering six successive years of state budget cuts as well as natural and man-made disasters. Sarno stated, "The city has seen its long-term bond rating upgraded to ‘A' status by Standard and Poor's. This re-organization will result in an increased performance based approach that is focused on results and efficiency."
According to officials, OMB will continue to oversee all functions previously performed by the CAFO and finance department, including creating the city's operating budget, the capital improvement Plan, the multi-year financial plan, and overseeing all departmental spending.
Officials said this will ensure that expenses remain in line with the mayor's priorities and the city's strict financial policies and procedures.
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