Financial Management Services

The Financial Systems Division is responsible for managing user access and functionality for PeopleSoft Financials, iNovah Point of Sale, and various other systems owned by FMS. In addition, the Financial Systems Division is responsible for reviewing our systems to ensure compliance and best practices.

Bank Reconciliation is responsible for the reconciliation of the City’s bank accounts. This area ensures compliance with the Revenue Receipting policy and provides customer service to departments for accurate and timely recording of cash, bank transaction research and review of depository and disbursement activity for all City departments. This area is also responsible for processing and monitoring the automation of banking transactions.

The capital asset team is responsible for recording the City's capital asset, maintaining and coordinating updates to the asset management financial system. The team is also responsible for: coordinating annual physical inventory conducted by departments; processing the disposition and acquisition of capital assets; reconciling projects' CWIP balances and capital project funds on a monthly basis; reviewing and preparing journal entries pertaining to capital and capital-related M&Cs; preparing required agency reports; addressing accounting issues related to the capital assets.

Financial Reporting is responsible for the preparation and production of the Annual Comprehensive Financial Report including implementation of new Government Accounting Standards Board Statements and other financial reports (such as monthly financial report, reserve requirement supplement), filing of certain annual compliance reports, and ensure compliance with generally accepted accounting principles and applicable federal and state laws and regulations. Financial Reporting is also responsible in coordinating a) external audits and managing audit requests, b) business performance plan, and c) departmental budget including the preparation of periodic forecast.

General Ledger Maintenance is responsible for managing a) requests for creating and closing funds, accounts, and departments, and b) activation/inactivation of the chart of accounts in various financial systems.

The General Ledger Section of the Accounting Division is responsible for ensuring financial transactions relating to the City’s Operating Funds are accurately and timely recorded. The staff consist of a team of Senior Accountants and an Accounting Services Supervisor. The team performs analysis and reconciliations of each Operating Fund and works with Departments to address any issues identified. They also provide guidance to Departments for the proper treatment of transactions, review and approve journals and assist with other City accounting functions including the City’s Annual Financial Audit.

The Grants Team provides oversight and assistance to departmental staff administering over 200 federal, state, and other grants-in-aid which address the City of Fort Worth’s current priorities and policy objectives and ensure grants are administered in accordance with applicable federal and state laws and regulations, City policies and contractual obligations. In addition the team establishes controls to maintain and enforce a sound system of operation procedures in accordance with industry best practices and internal control objectives.

The Quality Assurance Team provides fiscal reviews and assistance to departments on Mayor and Council Communications, is responsible for the accounting functions for Public Improvement Districts and Tax Incremental Reinvestment Zones, and oversees the reconciliation and closure of Legacy Capital Project Funds. In addition, the team completes monthly audits of departmental invoices and purchasing card transactions to ensure compliance with City of Fort Worth policies and procedures and in accordance with internal control objectives.

Click here to visit the Purchasing Bids web page.

Vendor management is responsible for maintaining accurate vendor database information to support efficient payment of City obligations, as well as to enhance competition and vendor includsion in City business opportunities.

Click here to visit the Supplier web page.

The Central Accounts Payable service area is responsible for documenting, recording, and issuing payments for goods and services received by the City of Fort Worth.  In addition, this service area is responsible for the issuance of supplier 1099’s and escheatment of unclaimed property to the State of Texas Unclaimed Property division.

Email: zz_FIN_AccountsPayable@fortworthtexas.gov

Phone: (817) 392-2451

City of Fort Worth W-9(PDF, 435KB)

The Central Payroll service area is responsible for the disbursement of wages to 7,000 City employees.  In addition, this service area performs all payroll-related tax filings and prepares and issues W-2 forms.

Email: zz_FIN_Payroll@fortworthtexas.gov

Phone: (817) 392-2451

The Central Revenue & Collections service area is responsible for the central billing and collection of a variety of critical revenue sources.  This service area performs central cashiering for a variety of City Departments.

To Pay Hotel Occupancy Taxes online Click Here

Ordinance - Hotel Occupancy Tax

Ordinance - Tourism PID Ordinance(PDF, 2MB)

Email: TreasuryRevenue@fortworthtexas.gov

Phone: (817) 392-6665

The Debt Management service area provides expert, specialized advice and financial analysis regarding capital financing strategies and debt issuance planning, implementation, and compliance. This service area is responsible for executing the City’s financing transactions such as new bond issues and refunding opportunities while maintaining relationships with credit rating agencies and associated service providers.

Phone: (817) 392-2453

Click here for Debt Information

The Cash Management service area is responsible for city-wide cash flow forecasting and management as well as the oversight of the City’s investment, banking, and merchant card activities.

Phone: (817) 392-2453