City of Lake Charles, Louisiana /

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Finance Department

The Finance Department is comprised of the Finance Administration Services Division, the Accounting Division and the Purchasing Division. It is charged with the depositing of tax proceeds (property and sales taxes). Now are being collected by Calcasieu Parish and the Calcasieu Parish School Board per Joint Service Agreements. The collection of various license and permit fees, along with the collection of other monies due the city except as otherwise provided for by law. The department is also required to maintain the city's treasury and carry out centralized accounting, purchasing, disbursement and asset management functions. In addition, the city charter requires that the department prepare and administer the city's annual operating and capital budget.

As required by governmental accounting standards, the city's accounts are organized into self-contained funds. Activities considered to be governmental in nature are accounted for in the General Fund, Special Revenue Funds, the Debt Service and Capital Projects Funds. The city maintains a total of seven proprietary funds, in which financial activity is reported on a basis similar to that of private business. The categories includes four enterprise funds - Transit, Civic Center, Golf Course and Water - in which services are provided to the general public. Then three internal service funds, in which services are provided primarily to the city's own departments or employees.

An annual independent audit of the city's financial statements is required by the city charter and by state and federal law. However, the city's Finance Department is responsible for preparation of all financial statements which are subject to audit and presented in the city's Comprehensive Annual Financial Reports. For the past fifteen consecutive years, those reports have been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada.

News & Notices

Millennium Park to be Temporarily Closed Beginning Monday
Published: Friday, May 04, 2012
Millennium Park to be Temporarily Closed Beginning Monday Millennium Park on Bord du Lac Dr. will be temporarily closed beginning Monday, May 7, due to construction of Phase 2 of Millennium Park. An anticipated reopening date for the park will be a...
1100 Block of Bilbo St. to be Temporarily Closed for Reconstruction Work
Published: Friday, May 04, 2012
1100 Block of Bilbo St. to be Temporarily Closed for Reconstruction Work Beginning Monday, May 7, and continuing for approximately 90 days, the 1100 block of Bilbo St. - between the streets of Iris and Clarence -- will be temporarily closed for rec...
Sweet Lake Land and Oil Company Donates to First Lieutenant Douglas B. Fournet Memorial
Published: Wednesday, May 02, 2012
Sweet Lake Land and Oil Company Donates to First Lieutenant Douglas B. Fournet Memorial At the April 24 Lake Charles City Council Agenda Meeting, The Sweet Lake Land and Oil Company, LLC presented a check for $5,000 to the Mayor's Committee for the...

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