The Department of Finance assures the fiscal integrity of the City through fiscal management, fiscal service and tax management.
Fiscal Management includes grant administration, debt administration, treasury management, internal and external audits, reporting and risk management.
Fiscal Service manages on purchasing and budgeting management, payroll management, accounts payable and accounts receivable.
Tax Management encompasses income tax, hotel/motel tax administration, surveillance of income, hotel and license taxes.
The City of Grove City enjoys an “Aa1” rating from Moody’s Investors Services, prepares Comprehensive Annual Financial Reports (CAFRs) and has received the Certificate of Achievement for Excellence in Financial Reporting annually the last 24 years.
The City is audited annually by the Office of the Auditor of State.
The annual appropriation ordinance is required by Section 5.05 of the Grove City Charter. This document, approved by City Council, sets the spending level for all City operations during the fiscal year.
The tax budget is required by Section 5.02 of the Grove City Charter. This budget is used by the Franklin County Budget Commission to provide the City with an Official Certificate of Estimated Resources. This certificate establishes the amount of funds that may be appropriated during the fiscal year.
The CAFR includes financial statements and other financial and statistical data which conforms to generally accepted accounting principles as applicable to government entities. The intent of this report is to provide stakeholders of the City of Grove City with comprehensive financial data in a format that enables them to gain a true understanding of the City’s financial affairs while providing management with better information for decision making purposes.