The Finance Department is responsible for administering the city's financial business, maintaining the city's sound financial condition and consulting with the City Manager and Executive Staff on the administration of the city's financial affairs. Responsibilities within this department consist of accounting, budgeting, capital improvement planning, auditing, cash collection and managing the Investment Policy and strategy. The Chief Finance Officer oversees Finance, Municipal Court and Utility Billing.
The department has the primary responsibility of financial reporting and development of the city's annual budget which encompasses the city’s revenue and expenditures. The budget sets the approved expenditures for all departments and funds for the fiscal year. The Finance department takes very seriously the fiduciary responsibility to safeguard and manage the citizen's tax dollars while satisfying the citizen’s expectations for the City of Hondo.
The Texas Comptroller Leadership Circle Gold Member was awarded to the City of Hondo. The City of Hondo was recognized for setting the bar for financial transparency and opening the books to the public. The Texas Comptroller’s Leadership Circle program recognizes local governments across Texas that are striving to meet high financial transparency. Finance strives to provide citizens with a clear, consistent picture of spending and sharing information in a user-friendly format.
The Government Finance Officers Association presented the City of Hondo the Distinguished Budget Presentation Award. It states: “Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to City of Hondo, Texas for its Annual Budget. In order to receive this award, a governmental unit must publish a budget document that meets criteria as a policy document, as a financial plan, as an operations guide, and as a communications device.