Responsible for maintaining accurate financial records and providing timely financial information to the public, bondholders, grantors, auditors, City Council and City management. This division is responsible for the areas fund accounting, accounts payable, accounts receivable, fixed assets, cash management, investments, debt management, grant accounting, audit, capital budget reporting and financial reporting which include preparation of the Comprehensive Annual Financial Report (CAFR) and Popular Annual Financial Report (PAFR).
Additionally, the City of Allen receives funding from Federal and State sources and, therefore, is subject to a Single Audit in accordance with Government Auditing Standards that consider the City's internal control and compliance with certain provisions of laws, regulations, contracts, and grant agreements.
The Accounting Division pays accounts payable promptly by issuing and mailing checks every Friday. Terms are net 30 days unless other arrangements have been made.
Popular Annual Financial Report
The financial information contained within the City of Allen Popular Annual Financial Report is taken from the financial statements that are part of the City of Allen's 2020 Comprehensive Annual Financial Report. The purpose of the popular report is to convey the information presented in the comprehensive report in a condensed and easily understood format. This report is intended to provide an overview of the City’s audited financial position, local taxing information and economic climate. This report represents another indication of the City of Allen’s commitment to financial transparency and accountability.