City of Petoskey

The Department of Finance is responsible for the City's administrative and routine "housekeeping" functions.  It provides all City departments and offices with centralized budgeting, accounting, treasury, debt-management, purchasing, billing, collections, payroll and fringe benefits, insurance, personnel, and data-processing services.  The Department oversees the 15 funds that currently make up the City's annual budget.  For the year 2010, the budget includes approved expenditures of $30,217,000, with $22,183,000 in operating costs and $8,034,000 for construction projects and major purchases, all which will be offset by $28,066,600 in anticipated revenues from a variety of sources and from cash reserves.