Financial Services provides a complete range of integrated financial and accounting processes for the Agency. These processes include financial statement preparation, accounts payable, accounts receivable, asset accounting, payroll, cash forecasting and management, funds administration, innovative finance/debt issuance and management, financial analysis and reporting, policy, financial forecasting, cost allocation, fuels tax administration, audit and collection. Services provided include financial management, financial systems development and maintenance, and administrative services.
Financial Services has 70 full-time employees. With a biennial operating budget of approximately $29 million (exclusive of debt service). Financial Services manages the Agency’s gross revenues of approximately $5.3 billion, transfers of $895 million, and records and tracks expenditures of $4.1 billion.