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Office of Management & Finance

Office of the Chief Administrative Officer

Phone: 503-823-5288

1120 SW 5th Ave, Room 1250, Portland, OR 97204

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Financial Management Services

Description

Provide financial services and oversight for a total OMF budget of $585 million and 16 funds.

Core Services

  • Develop and administer budgets
  • Develop OMF financial management process
  • Provide financial analysis of budget and business decisions
  • Provide financial analysis of funding plans and proposals
  • Prepare financial plans
  • Produce financial reports
  • Conduct projections and analysis for budget balancing
  • Prepare Financial Impact Statements for personnel actions and ordinances
  • Prepare and submit all OMF budget documents
  • Prepare audit schedules for OMF’s divisions and Council offices in support of the City’s fiscal year audit and CAFR production
  • Develop overhead models, interagency rates and financial component of interagency agreements
  • Prepare and submit budget monitoring reports for OMF
  • Process journal entries for allocating costs, correcting transactions and closing fiscal periods
  • Bill for services of interagency providers
  • Provide accounts payable services
  • Provide accounts receivable services 

Additional Services
For a subset of Clients

  • Provide financial management services to large projects
  • Develop capital plans
  • Conduct capital project accounting
  • Create and maintain cost objects
  • Provide financial management to debt financed projects
  • Problem solve funding, purchasing, and contracting alternatives