Welcome to the Clerk’s Department of Financial Services!
DUTIES OF FINANCIAL SERVICES
Authority for Responsibility
Section 1.(d), Article VIII, State Constitution, provides that “the Clerk of the Circuit Court shall be ex officio clerk of the Board of County Commissioners, auditor, recorder and custodian of all county funds.” The Finance Department of the Clerk of Circuit Court fulfills this role by safeguarding all assets of Hernando County. In carrying out these responsibilities, the Finance Department performs the following functions:
Receipt and Payable Management
Pre-Audit and properly record all revenues of the County, including taxes, grant funds, charges for services, fines and forfeits, and other sources.
Pre-audit, properly record and disburse all county funds to ensure all expenditures are legal, budgeted, and in compliance with county policies and procedures. Process and issue over 15,000 checks per year averaging $3 million per week.
Pre-audit, properly record, disburse and report payroll for all Board of County Commissioner’s employees. This consists of approximately 800 employees, averaging $1.7 million bi-weekly, including taxes and employee deductions. Ensure compliance with all current tax and payroll regulations. Prepare and report all taxes and deductions to proper agencies.
Contact Financial Services
Email or 352-540-6788
Cash and Investment Management
Develop, maintain, and ensure compliance with a comprehensive investment policy. Actively manage an investment portfolio of over $200 million. Prepare monthly and/or quarterly investment reports in accordance with Florida Statutes.
Promote and maintain a fiscally sound financial relationship with a local banking institution based on a competitive bid process. Electronically monitor daily cash balances to ensure sufficient balances for anticipated disbursements, and invest excess to optimize interest income.
Assist and coordinate financial service professionals in the issuance of long-term debt. Arrange financing for short-term borrowing.
Financial Management Assistance
Assist departments of the Board of County Commissioners with financially related management decisions.
Record, report, and conduct annual inventory of all county fixed assets. Ensure compliance with applicable rules, regulations and policies in the purchase, transfer, and disposal of all county fixed assets.
Establish proper accounting controls for each grant. Balance grant revenues and expenditures to the general ledger. Audit Requests for reimbursement, and ensure compliance with the financial reporting requirements for federal, state, and local grants awarded to the County.
In addition to the above duties performed for the Board of County Commissioners, the Finance Department also carries out similar responsibilities for the Clerk of Circuit Court.
July 2, 2014 – Independent Registered Municipal Advisor Representation
By publicly posting the following written disclosure, Hernando County, Florida, intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC municipal advisor rule.
Hernando County, Florida, has retained RBC Capital Markets, LLC, as its municipal advisor. We are represented by and will rely on our municipal advisor to provide advice concerning the issuance of municipal securities, investment of bond proceeds and escrow investments. The personnel of our municipal advisor, who will advise us on such matters, have not been associated with another broker dealer firm other than RBC Capital Markets, LLC, within the two years prior to the date of this certificate. This certificate may be relied upon until posted otherwise.Any materials may be addressed to us at firstname.lastname@example.org and to our municipal advisor at Julie.email@example.com