Financial Management Services

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In March 2021, the President signed the American Rescue Plan Act (ARPA).  Learn more about the ARPA funding.

The City of Fort Worth Financial Management Services Department is responsible for providing timely and accurate financial, operational and management information through a variety of functions, including:

Administration

The Administration Division is responsible for providing guidance and support to the other Divisions within Finance by effectively managing our processes and systems.

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Financial Systems

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.

Accounting

The Accounting Division is responsible for safeguarding the city's assets by accounting for all capital assets owned by the city, ensure proper procedures are followed in accordance with each grant agreement and ensure that all city financial transactions have been accounted for accurately and timely, through accurate monitoring, accounting and reporting and in accordance with Generally Accepted Accounting Principles (GAAP).

 

Bank Reconciliation

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.

Capital Asset Accounting

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; and addressing accounting issues related to the capital assets.

 

Financial Reporting

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.

 

General Ledger Accounting

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.

 

Grant Accounting

The Grants Team provides oversight and assistance to departmental staff administering more than 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.

 

Quality Assurance

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.

 

Purchasing

The Purchasing Division is responsible for purchasing goods and services (excluding CIP projects), manages the city’s Procurement Card program, and is responsible for city mail distribution.

Visit the Purchasing web page.

 

Bids

Visit the Purchasing Bids web page.

Vendor / Supplier Management

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 inclusion in city business opportunities.

Visit the Supplier web page.


New Online Bidding!

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The City of Fort Worth has partnered with Bonfire Interactive to implement an online bidding platform where notification of bid opportunities and submission of responses will be handled digitally. The City of Fort Worth anticipates that it will stop its current process of receiving hard copies of bid responses and start advertising, collecting responses, and awarding solicitations through Bonfire in early January 2024.

Learn more how vendors can sign up now.

 

Treasury

The Treasury Division is responsible for effectively and efficiently managing the city's cash and investment portfolios in compliance with the policy goals of safety of principal, liquidity and yield (in that order). In addition, the Treasury Division is responsible for administration of the city's large and complex debt portfolio, executing vendor and payroll disbursements, and the billing and collection of a variety of city-wide revenue sources.

 

Central Accounts Payable

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

 

Central Payroll

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

 

 

Central Revenue/Collections

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.

Pay Hotel Occupancy Taxes online here

Navigate to the online https://tax.localgov.org/ to learn more about the paying your Hotel Occupancy Taxes.

 

Ordinance - Hotel Occupancy Tax

Ordinance - Tourism PID Ordinance(PDF, 6MB)

Alcohol Permits

 

Central Revenue Office

Email: TreasuryRevenue@fortworthtexas.gov

Phone: (817) 392-6665


LocalGov (Azavar)

Email: service@localgov.org

Phone: (877) 842-3037

Debt Administration

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

 

Fort Worth Debt Information

Municipal Securities Rulemaking Board®

Phone: 817-392-2453

 

General Treasury

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

Financial Transparency

The City of Fort Worth is committed to transparency in its operations and has established an online resource for citizens to review a variety of government documents. This site is updated as new information and reports become available.

 

Accounts Payable Check Register

Unclaimed Property

 

 



Department Leadership


Reginald Zeno

Reginald Zeno

Chief Financial Officer/Director of the Financial Management Services Department

Reginald (Reggie) Zeno started in June 2019 as the Chief Financial Officer/Director of the Financial Management Services Department for the City of Fort Worth. Reggie currently serves as a Board Trustee on the City of Forth Worth Employees’ Retirement Fund.

Reggie previously served as Finance Director for the City of Cincinnati, Ohio for nine years, and Finance Director for the City of New Orleans, Louisiana for eight years. He worked as Chief of Staff and Budget Director for Transit Management of Southeast Louisiana for two years. From 1980 to 2000, he worked for the New Orleans Public Schools serving in several positions, including Interim CFO and Budget Director.