The mission of the Finance Department is to sustain the City’s financial solvency, provide finance-based services to City Departments and facilitate growth in Detroit through the effective and efficient management of resources and processes that provide essential services, a safer environment and an improved business climate for a world-class city’s public and private sector customers.
The City of Detroit Finance Department manages the financial aspects of City government. All purchases, payments, payroll, pension administration, risk management, and debt management for the City of Detroit government are handled by the Finance Department.
The Finance Department is headed by an administrative unit that oversees eight divisions which are irreplaceable parts of a properly managed and operating municipal government.
Finance Department Divisions
- Debt Management (including capital financing)
- Income Tax
- Risk Management (including worker's compensation)
Cheryl Johnson, Group Executive/Finance Director
The Finance Department Administration Division is charged with managing the department. It sets priorities for the department and facilitates interaction with other City departments. The finance director, who is appointed by the mayor, heads the Administration Division. The Administration Division is also charged with assisting various economic development projects for governmental and quasi-governmental agencies.