Financial Services

Keego Harbor does not maintain a standalone Finance Department. Instead, financial services are coordinated by the City Manager and performed collaboratively by City staff, contracted professionals, and regional partners. These responsibilities include budgeting, accounting, payroll, purchasing, treasury functions, property tax administration, financial reporting, annual auditing, and assessment services. This approach allows the City to provide high-quality financial management while maximizing organizational efficiency and fiscal responsibility.

Budget & Financial Planning

The City prepares an annual operating and capital budget that serves as the financial plan for municipal services and infrastructure investments. The budget is developed under the direction of the City Manager, reviewed by the City Council during public meetings, and monitored throughout the fiscal year to ensure public resources are aligned with community priorities. The City's fiscal year is July 1-June 30.

Accounting & Financial Reporting

The City maintains accurate financial records and administers day-to-day financial operations, including accounts payable and receivable, payroll administration, purchasing, financial reporting, and coordination of the City's annual independent financial audit. These functions help ensure accountability, transparency, and compliance with applicable laws and accounting standards.

Treasury Services

Treasury services include property tax administration, cash management, investments, revenue collection, financial recordkeeping, and other municipal financial transactions. Staff are available to assist residents with property tax payments, receipts, and other finance-related questions.

Assessment Services

The City contracts with the City of Waterford to provide professional assessing services. The Assessor is responsible for maintaining property records, determining annual property assessments in accordance with Michigan law, administering exemptions, processing property transfers, and supporting the annual Board of Review process.

Purchasing & Procurement

The City follows established purchasing policies to promote fair competition, fiscal responsibility, and transparency in the expenditure of public funds. Purchasing services include vendor administration, bid and proposal coordination, contract administration, and oversight of procurement practices in accordance with City policies and applicable laws.