The Accounting and Financial Reporting Services Division combines the areas of general accounting, accounts payable, and financial reporting. The division managers report directly to the Controller. The Payroll and Purchasing divisions also report administratively to the Controller.
General Ledger: The division manages the general ledger for the City and its monthly and year-end close-outs. The City's fiscal year is July 1 through June 30.
Accounts Payable: The division is responsible for the payment of all City of Raleigh obligations. Most goods and services are procured utilizing a purchase order system. Standard City payment terms are net 30 days. The Department acquiring the goods and services must initially authorize payment. The City pays by invoice, not by statement. As the payer of City obligations, it is our goal to make payments to vendors in a timely and efficient manner.
New vendors should see Purchasing FAQ's for information on becoming a vendor for the City and to download a vendor application form.
Comprehensive Annual Financial Report (CAFR):
The division also prepares the City's Comprehensive Annual Financial Report (CAFR) and manages the annual financial audit conducted by an independent public accounting firm.
The most recently completed CAFR is available for download in its entirety
