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Finance Department
Department Overview
The Finance Department is responsible for all financial functions including:
- Licensing
- Accounts payable
- Revenue collection
- Cash management and investments
- Payroll and Pension Plan
- Financial reporting and monitoring, including:
- City Fiscal Budget
- Annual Comprehensive Financial Report (ACFR)
- Five-Year Capital Improvement Plan
License Information
The Ferguson Finance Department issues city licenses, including:
- Business licenses
- Dog licenses
- Residential property rental licenses
- Vending licenses
All licenses must be renewed annually. The Finance Department does not issue liquor licenses. Liquor license applications are handled by the city clerk. Download a Business License Application.
License Fees
| Type of License | Costs |
|---|---|
| Business Licenses | Based on Gross Receipts/Sales |
| Residential Property Rental License | $50.00 per property |
| Vending License | $25.00 per device |
| Dog License | $1.00 (spayed / neutered) per dog / $3.00 if not spayed / neutered |
| Liquor License | Contact the City Clerk |
Financial Reporting
City Fiscal Budget
The City's Fiscal Budget serves as a guideline for city services, programs and capital improvements. It is the basis for the expectation of service that all stakeholders may anticipate from the municipality.
View the FY2023-2024 Budget Work Binder
View the City's Current Fiscal Year Budget
View All Previous Fiscal Year Budgets
To view a budget in person, please contact the City Clerk's Office.
What is a CAFR?
The City prepares a Comprehensive Annual Financial Report, or CAFR, annually. This document contains all financial statements and disclosures required by Governmental Accounting Standards Board Statement No. 34: Basic Financial Statements and Management’s Discussion and Analysis for State and Local Governments.
Additionally, the document includes additional information and supplementary disclosures required by the Government Finance Officers Association necessary to earn its Certificate of Achievement for Excellence in Financial Reporting.
View the Most Recent Fiscal Year CAFR
View All Previous Fiscal Year CAFRs
To view a CAFR in person, please contact the City Clerk's Office.
Capital Improvement Program
Annually, the city prepares its Five Year Capital Improvement Plan or CIP. It is a planning instrument which identifies needed capital projects. These, in turn, allow the city to plan and evaluate its financial requirements.
The CIP applies discipline to the planning of capital projects by permitting council and staff to consider the needs of the city on a long-range basis. A comprehensive review of all proposed projects weighed against available funding sources should produce optimal use of public funds, by allowing the council, representing the public, to evaluate and choose between various projects.
View All Previous Capital Improvement Plans
To view a CIP in person, please contact the City Clerk's Office.