Office of the Director of Finance – Philadelphia, PA

About the Office of the Director of Finance

The Office of the Director of Finance serves as the Chief Financial Officer (CFO) for the City of Philadelphia. Established by the 1951 Home Rule Charter, this office is responsible for the long-term fiscal stability and financial integrity of the city government. The Director oversees all financial, accounting, and budgetary functions of the executive branch. This includes supervising the collection of revenues, managing the city’s debt program, and overseeing the Board of Pensions and Retirement. The office ensures that the city maintains a balanced budget and adheres to strict financial reporting standards.

Key Divisions and Responsibilities

The Finance Department is composed of several critical units that manage the city’s daily financial operations:

• Accounting Bureau: Maintains the centralized accounting system and produces the Annual Comprehensive Financial Report (ACFR).
• Payroll Division: Processes wage payments for over 25,000 city employees and manages deductions and garnishments.
• Office of Risk Management: Handles insurance, workers’ compensation, and safety programs to minimize the city’s financial exposure.
• Debt Management: Oversees the issuance of municipal bonds and manages the city’s credit ratings.

Location and Access

The office is located in the Municipal Services Building (MSB), directly across from City Hall. While the Director’s office (Suite 1330) is primarily administrative, the building itself is a hub for public services. Access to the upper floors, including the Finance Office, requires passing through security. Visitors must present valid government-issued photo identification and undergo metal detector screening. 🏛️📉💼🛂🏙️🗣️