The Department of Finance performs all financial functions (except tax assessments and treasury functions) including centralized accounting, centralized processing of pay roll, accounts payable, and fiscal administration of city enterprises.
COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR)
All state and local governments are required by the state to publish a complete set of financial statements, showing conformity with generally accepted accounting principles (GAAP), and audited by a firm of licensed certified public accountants. The Comprehensive Annual Financial Report (CAFR) is a thorough and detailed presentation of the City’s financial condition. The City’s CAFR reflects activities and balances, evidencing the spirit of transparency and full disclosure.
The annual budget for the City of Fredericksburg is prepared by the City Manager’s Office.
The Procurement Office is responsible for the acquisition of all goods and services, including professional services and construction for the City of Fredericksburg. View the Bids & RFPs page to determine all outstanding departmental procurement announcements, notifications, solicitations and the ultimate decision regarding contract awards.
MONTHLY PARKING ACCESS CARDS (SOPHIA STREET PARKING GARAGE)
The Sophia Street Parking Garage (600 Sophia Street), located at the corner of Sophia and Wolfe Street, provides 297 parking spaces in historic downtown Fredericksburg. It is within easy walking distance of key downtown points such as the train station, visitor’s center, and courts. Many shops and fine restaurants are just a block away.