The Finance Department helps maintain the financial strength and stability that PDRMA members have come to expect from the agency. In addition to managing all financial record-keeping and financial-reporting systems, the staff oversees all accounting functions, including accounts payable and receivable, payroll, payment and recording of claims, and preparing annual budget and financial statements. An outside auditing firm performs an annual audit after which the finance staff prepares the Comprehensive Annual Financial Report (CAFR).
PDRMA submits its CAFR to the Government Finance Officers Association each year, and since 1990, the association has awarded PDRMA the Certificate of Achievement for Excellence in Financial Reporting.
The department's responsibilities extend to supervising all cash-management and investment functions, and include conducting workers' compensation payroll audits, as well as collecting member operating expenditures, to determine annual member contributions. The Finance Department also provides standard footnote disclosure statements to members to use in preparing their financial statements.