Finance

The Finance Department's mission is to provide Avon Lake residents with timely and accurate accounting of the City's receipts and disbursements. The department manages:  

  •  Accounting of receipts and payments
  • Income tax administration
  • Cash management and investments
  • Debt management
  • Payroll administration
  • Fixed asset reporting
  • Preparation of annual city budget

Led by the City's Finance Director, the department oversees accounting, income tax administration, cash management and investments, debt management, payroll administration, fixed asset reporting, and other financial services. In addition, the Finance Department coordinates an annual audit of the City’s financial statements conducted or overseen by the Auditor of State of Ohio. The City's financial statements and internal controls are audited each year in accordance with state law. 

Annual Comprehensive Financial Reports

Each year the Finance Department prepares an Annual Comprehensive Financial Report (ACFR). This report complies with Ohio law that requires all cities to file an unaudited basic financial statement with the Auditor of State within 150 days of the end of the previous year. Ohio law also requires regular audits to be performed on all financial related operations of the city. These may be performed by either the State auditor's Office or an independent public accounting firm.

The City of Avon Lake has received the Government of Finance Officers Association’s Certificate of Achievement in Financial Reporting for nine (9) years consecutively with the 2023 ACFR statement. Please see below for the most recent statements.