The Department of Finance and Administrative Services supports the City Council, City Manager, all City departments, and the community, providing a wide range of support for administration, general financial reporting, and information technology. The department's services fall into three general categories: Accounting, Budget, and Information Technology.
Accounting manages and maintains financial records to conform with generally accepted accounting principles and in compliance with federal, state and local laws. This area prepares the Comprehensive Annual Financial Report, subject to the annual audit, and administers the investment of public funds, cash management and the issuance of debt.
Budget manages accounts payable, business licensing, general cashiering, and payroll, as well as the collection of all revenue and receivables including utility billing. In addition, staff prepare, monitor, and report on the City's budget.
Information Technology (IT) maintains a secure and functional data network for the City. IT provides technical support, systems administration, geographic information system mapping, and maintenance for the City's website.
In December of 2016, Moody's Investor Service upgraded their ratings on the City's outstanding bond issues. These higher ratings mean Bainbridge Island taxpayers will save a significant amount of money on future bond issues.