Finance & Budget


The Department of Finance is responsible for:

  • Administering the city retirement fund
  • Overseeing the completion of the annual financial audit and the preparation of the comprehensive annual financial report
  • Preparation of an annual budget including performing financial analysis of special projects
  • Preparation of the monthly financial statement
  • The primary responsibility of the Finance Department is the receipt of revenues and disbursement of expenditures
  • Reviewing and maintaining adequate internal controls
  • Treasury management including the collection of revenues, investment of government funds, and payment of operating expenses

The Finance Department is also responsible for collecting all occupational and regulatory license fees, general property taxes, and other fees.

Standard and poor's bond rating

The City of Frankfort has a Standard and Poor's Bond rating of the following:

  • Sewer Fund: AA-
  • General Fund: AA