AFM – FINANCE

The Finance Department handles all economic aspects of the City in a fiscally sound and expert manner. The Department oversees the economic obligations of the City, strives for the ideal utilization of municipal funds and functions with all outdoors professionals as properly as City departments on monetary matters. We coordinate all accounting, budgeting, collection, investment, treasury management, information processing, and auditing services of the City. The Finance Director prepares the municipal budget for submission to the City Manager and City Council.

We commence with the first welfare theorem: loosely, provide, demand and competition lead to socially beneficial arrangements. However the world about often does not certainly conform to easy supply and demand arguments. See above. Then, we embark on a three-pronged investigation: Very first, perhaps there is anything about the circumstance we don’t realize. Tough institutions and arrangements, in spite of competition and lack of government interference, occasionally take us years to comprehend. Second, possibly there is a market place failure,” an externality, public great, all-natural monopoly, asymmetric details, or missing market place, that explains our puzzle. Third, we usually learn a government failure,” that the puzzling aspect of our globe is an unintended consequence of law or regulation. The regulators got captured, the marketplace innovated about a regulation, or legal restrictions cease supply and demand from operating.

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