The Finance Division provides central accounting services for all City departments, the Salem Housing Authority, Urban Renewal Agency, and the Downtown Parking District.  Services include management and project accounting, treasury management, cashiering, accounts receivable, accounts payable, payroll, and other fiduciary responsibilities.  

• Management and project accounting responsibilities primarily consist of financial reporting, and cost/grant accounting.  These two sections are responsible for the preparation of monthly internal financial reports, and preparation of the Comprehensive Annual Financial Report (CAFR), Comprehensive Unit Financial Reports (CUFR) and applicable federal and state reports (i.e. single audit report).
  
• Treasury Management responsibilities primarily consist of administration of banking services, investment of City funds, debt administration, and financial research.
  
• Cashiering responsibilities primarily consist of processing over the counter and mail-in  payments for water and sewer bills, parking tickets and other City billings.
  
• Accounts payable, accounts receivable and payroll responsibilities primarily consist of the centralized processing of the accounts payable, accounts receivable and payroll for all City departments and the Salem Housing Authority.
  
• Other fiduciary responsibilities consist of the coordination of franchise fee administration, utility rate setting, fee studies, property liens, and the Capital Improvement Program. 
  
• City Lien Search/Payoff on City Lien. All City lien and payoff information can be accessed using the Conduits service at www.nassets.net.  If you choose not to utilize Conduits, please complete our Lien Search/Payoff Request Form and fax it to (503) 588-6251. If you need a form sent to you email finance@cityofsalem.net  or call 503-588-6180.