The Department of Finance is responsible for safeguarding the fiscal integrity of the City of Baltimore through the development and implementation of sound financial policies and practices. The Department of Finance operates through ten Bureaus and Offices that include:
Budget and Management Research
The Bureau of the Budget and Management Research (BBMR) formulates the City's annual operating budget and recommends annual capital expenditures to the Director of Finance. This involves BBMR planning how the city spends money each year, and ensuring proper oversight of all budget expenditures.
Bureau of Accounting and Payroll Services
The Bureau of Accounting and Payroll Services manages both accounting and payroll operations. Activities include: payroll, accounts receivable, capital, grant, and fixed asset accounting, billing, and revenue control.
Bureau of Procurement
The Bureau of Procurement helps City agencies get what they need to serve citizens better. The Bureau is comprised of three departments: procurement, property disposal and digital services.
Bureau of Revenue Collection
The Bureau of Revenue Collections has the responsibility to collect all revenue owed to the City of Baltimore through various taxes, fines, fees, and penalties. The Bureau is divided into 14 departments.
Bureau of Risk Management
The Bureau of Risk Management is committed to creating and promoting a safe and supportive work environment and reducing financial exposure throughout Baltimore City Government. The Bureau aims to protect the City’s assets—its people, profits, and property—by ensuring everyone’s right to a safe work environment.
Bureau of Treasury Management
The Bureau of Treasury Management is responsible for the day-to-day cash management of the City. Also, the Bureau manages the City’s investment portfolio, issues new debt and manages existing debt, and evaluates loan requests.
Office of Fiscal Integrity
The Office of Fiscal Integrity was established in Fiscal 2011 to ensure the accurate application of property tax credits. The Office also collaborates with State assessors to insure that they have all relevant City information available to them when assessing real property.
Corporate and Revenue Compliance
The Corporate and Revenue Compliance department was established in 2021 to ensure businesses operating within the City of Baltimore comply with the Baltimore City Code, with an emphasis on corporate rules and regulations. The department negotiates complex multiyear contracts and manages corporate revenue collection efforts, leading to the recovery of tens of millions of dollars for the City.
Finance Project Management Office
The Finance Project Management Office (FPMO) comprises professionals dedicated to Quality Assurance, Business Analysis, and Project Coordination/Management. As part of the Department of Finance, FPMO is frequently called upon for short to medium range projects where resources are needed to analyze existing workflows, suggest alternatives, and aid in implementing possible solutions.
Grants Management Office
The Grants Management Office is a dedicated team within Finance Administration serving a citywide function of supporting agencies. Initially focused on information and policy, this team is expanding its scope and to provide a centralized resource for grants management, training, policy and compliance citywide.