The Finance & Administrative Services Department monitors the fiscal operations of the City of Albany. This includes accounts payable, accounts receivable, payroll, business licenses, taxi permits, and other business and residential transactions. The Department compiles financial reports - income statements, balance sheets, trial balances and other general ledger functions, and compiles and reconciles general fixed assets.

The Department also addresses the long-term financial operations of the City by developing five-year revenue and expenditure forecasts, midyear budget review and revisions, cost analyses of labor contracts, general budgetary oversight and control, grant funding, debt issuance, and fiscal administration of the Albany Public Facilities Financing Authority, along with capital improvement projects such as lighting and landscaping, streets, sewer and capital facilities.

This Department has been recognized the last seven fiscal years for outstanding financial reporting and government accounting by the Government Finance Officers Association of the United States and Canada.