Department of Finance is comprised of three divisions: the Office of the
Chief Financial Officer-Administration/Budget, the Accounting Office,
and the Procurement Office. The Department of Finance is responsible for
all financial activities of County government, with the exception of the
billing and collection of property taxes which is the responsibility of
the County Treasurer.
The Office of the Chief Financial Officer-Administration/Budget is responsible for providing fiscal policy guidance to the Commissioners of St. Mary's County, overall departmental coordination, administrative support, budget development monitoring and control, and grant administration, as well as debt issuance and management. In addition, the department is responsible for the financial aspects of a variety of agreements to which the County is a party.
The Accounting Office is responsible for paying bills, receiving revenues, cash management, audit activities, payroll, fixed assets accounting, and reporting and other accounting functions. Additionally, this division processes the County's Energy Tax refunds.
The Procurement Office provides centralized procurement of materials, supplies, services and construction contracting for all St. Mary's County Government departments and divisions. In addition, the County participates in collaborative procurements with both Calvert and Charles counties as well as the St. Mary's County Board of Education, the St. Mary's County Library, and the St. Mary's County Metropolitan Commission.
The County's credit ratings are: "AA+" from Standard and Poor's; "Aa2" from Moody's Investors Service, Inc.; and "AA+" from Fitch Ratings. The department's responsibilities include evaluating and monitoring debt capacity for both the current and planned capital programs for conformance with debt affordability parameters set by the Commissioners of St. Mary's County.