Activities and responsibilities include:
- The receipt and disbursement of City funds
- Financial reporting
- Investment of idle funds
- Control of fixed assets
- Collection of taxes and assessments for special projects
- Assisting all departments in procuring supplies, materials, equipment and services
Duties also include assisting the City Manager in preparation of the annual budget and supervision of the City insurance program.
This division provides accounting and internal controls for the City and all departments. Its responsibilities include:
- Accurate and timely vendor payments
- Payroll processing
- Record keeping for grants and contractual agreements
- Development of the City’s annual financial reports
- Supervising of the City’s annual budgeting process
Housing and Community Development
The City of Gaithersburg consists of nine departments. These departments work closely with the Procurement Division of the Department of Finance and Administration to purchase a variety of goods and services ranging from office supplies to multi-million dollar construction projects.
Homeowners’ Property Tax Credit Program Information
from the State of Maryland
The State of Maryland has developed a program which allows credits against the homeowner’s property tax bill if the property taxes exceed a fixed percentage of the person’s gross income. In other words, it sets a limit on the amount of property taxes any homeowner must pay based upon his or her income.
This plan, originally designed for elderly homeowners, has been in existence since 1975. The Maryland General Assembly has improved the plan through the years so that now this program is available to all homeowners regardless of their age, with credits given based upon the person’s income.
In 2006, the City was granted inclusion by the State to extend the tax credit to qualified City property taxpayers. Homeowners who file and qualify by May 1 will receive the credit directly on their tax bill or as a credit certificate issued at the same time the property tax bill is mailed. Persons who file later up until the September 1 deadline will receive any credit due either in the form of a revised tax bill or a tax credit certificate to be used in payment of the bill.