The Department of Financial Services is primarily responsible for all:
In addition to preparing the City’s annual budget, the Department is also responsible for safeguarding the City’s financial assets through prudent internal control policies, maintaining budgetary control over all City funds, supporting strategic and financial planning and decision making, and ensuring the safety and liquidity of the City’s financial resources while maximizing yields in accordance with the City’s Investment Policy.
Aliso Viejo is particularly proud of its AA+ rating from Standard and Poor’s for the City’s outstanding debt obligations. This rating is a testament to the City’s strong financial position, prudent financial management and investment policies, and diversified economic base.
Excellence in Financial Reporting
The City has also received the Certificate of Achievement for Excellence in Financial Reporting every year since its 2001 incorporation. The Government Finance Officers Association of the United States and Canada grants the award to government organizations whose Comprehensive Annual Financial Statements (CAFR) achieves the highest standards in government accounting and financial reporting.