Maui County Department of Finance

The Department of Finance for the County of Maui is a vital component of the county’s government, responsible for managing and safeguarding public funds, ensuring financial stability, and promoting responsible fiscal practices. Its core functions encompass a broad range of activities, including budgeting, accounting, treasury management, purchasing, and real property assessment.

Budgeting is a primary responsibility. The department plays a key role in developing and administering the county’s annual budget. This involves collaborating with other county departments to project revenue, analyze spending requests, and allocate resources in alignment with the county’s strategic priorities. The goal is to ensure that public funds are used efficiently and effectively to meet the needs of the community.

Accounting and financial reporting are also crucial functions. The department maintains accurate and transparent financial records, adheres to generally accepted accounting principles (GAAP), and prepares comprehensive financial reports that provide insights into the county’s financial position and performance. These reports are essential for accountability, transparency, and informed decision-making by county officials and the public.

Treasury management involves the prudent management of the county’s cash and investments. The department is responsible for collecting revenues, managing cash flow, and investing idle funds in a manner that maximizes returns while minimizing risk. Sound treasury management practices are essential for ensuring the county has sufficient resources available to meet its financial obligations.

The Purchasing Division within the Department of Finance oversees the procurement of goods and services for the county. This division ensures that the county’s purchasing activities are conducted in a fair, competitive, and transparent manner, in accordance with applicable laws and regulations. The goal is to obtain the best value for the county’s money while supporting local businesses whenever possible.

Real Property Assessment is another important function. The department is responsible for accurately assessing the value of all real property in the county for property tax purposes. This involves conducting regular property appraisals, maintaining property records, and administering property tax exemptions and abatements. Fair and accurate property assessments are essential for ensuring that property taxes are distributed equitably.

Beyond these core functions, the Maui County Department of Finance often engages in special projects and initiatives aimed at improving financial management practices, enhancing efficiency, and promoting innovation. They work diligently to ensure the financial health and well-being of Maui County, supporting the delivery of essential services and contributing to the overall quality of life for its residents. The department’s commitment to transparency, accountability, and sound financial management is crucial for maintaining public trust and confidence in county government.