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Finance Department
The Finance Department is responsible for ensuring sound fiscal policies related to the use of City's resources. The Department oversees revenue collection operations which include property taxes, occupational taxes, business license fees, net profit taxes, and insurance premium taxes. The Department provides cash management duties, budget forecasting, and interim financial statement preparation for the City. The Finance Department also provides accounts payable and debt management functions. A priority of the Department is to provide accurate information and customer service to our citizens and outside agencies.
The City of Madisonville has received the Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting award for the past 35 years. In order to be awarded a certificate of achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.
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