About the OCFO
Central Financial Operations
Deputy chief financial officers report directly to the District's chief financial officer and manage the following central financial operations:
Office of Budget and Planning
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Prepares, monitors, analyzes, and executes the District's budget, including operating, capital and enterprise funds, in a manner that ensures fiscal integrity and maximizes service to taxpayers |
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Acts as the principal advisor on the mayor's budget |
Office of Finance and Treasury
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Manages the cash and other liquid assets of the District government |
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Coordinates payments to vendors and service providers |
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Accepts payments for services and taxes |
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Manages District borrowings and debt repayment |
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Invests cash not needed for immediate disbursement |
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Maintains relationships with the investment community |
Office of Financial Operations and Systems
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Brings accountability, discipline and integrity to the District's financial processes by ensuring that standardized accounting practices, procedures, systems, and internal controls are embedded throughout the District's financial operations |
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Produces the Comprehensive Annual Financial Report |
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Administers the District's payroll and retirement systems |
Office of Revenue Analysis
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Forecasts revenue for the District government |
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Develops fiscal impact statements for proposed legislation |
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Performs tax expenditure analysis |
Office of Tax and Revenue
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Administers and enforces the District's tax laws, collecting revenues for the city |
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Records deeds and other written instruments affecting a right, title, or interest in real or personal property |
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