Controller's Office: General Accounting (1441P)

Program Outcome Statement

Administer the County's financial transactions activities and prepare the annual financial statements and reports to ensure accountability and transparency

Program Services

  • Review and process the County's financial transactions (accounts payable, journal entries, cash receipts, etc.)
  • Prepare financial reports for residents and taxpayers to learn about the County's financial position and results of operations
  • Continuously assess the County's fiscal policies and activities to comply with governmental accounting standards

Overview

In FY 2017-18, the Division received the Government Finance Officer Association’s (GFOA) Award for Excellence in Financial Reporting; the audited Comprehensive Annual Financial Report (CAFR) earned the award for the 18th consecutive year and the Popular Annual Financial Report (PAFR) for the 16th consecutive year. These awards reflect the Division's commitment to the highest standards of accurate and transparent accounting and financial reporting. The County's financial reports provide necessary information to creditors, policymakers, management, citizens and other stakeholders to make assessments and decisions.

CAFR Receives Unmodified Opinion and GFOA Award for Excellence in Financial Reporting


Total Number of Transactions Processed (Journal Entries, Disbursements, Cash Receipts, Etc.)

Number of Monthly Closings Performed on Time

FY 2018-19 Mid-Year Story Behind Performance

Comprehensive Annual Financial Report (CAFR) And Financial Highlights Report (PAFR)

The  FY 2017-18 CAFR received an unmodified (clean) opinion from the external auditors and was issued in November 2018. The Financial Highlights Report (PAFR) was released in December 2018. Both the CAFR and the PAFR are currently under consideration by Government Financial Officers Association (GFOA) for the annual Certificate of Achievement for Excellence in Financial Reporting and the Popular Annual Financial Reporting Awards. In addition, the Division received the California State Controller's Office award for Counties Financial Transactions Reporting. 

Total Number of Transactions Processed (Journal Entries, Disbursements, Cash Receipts, Etc.)

The Division continues to work diligently to process all transactions in a timely manner and expects to meet the target transactions number by end of June 2019. As of December 31, 2018, the Division has processed 1,791,897 transactions, 47 percent of the targeted 3.8 million for FY 2018-19.

Number of Monthly Closings Performed on Time

In FY 2018-19 the Division will continue to perform month-end closing processes efficiently and effectively.

Future Priorities

In FY 2018-19, the Division will continue to comply with applicable accounting standards, assist with implementing new financial system functions, and identify opportunities to improve business processes and internal controls.

Author: Eduardo Castillo     Contact Email: ecastillo@smcgov.org     Date Updated: 01-16-2019