Finance Director Stacey Tamagni directs the Office of Management & Budget. She oversees each division and serves as the city's treasurer as required by the California state government code and the Folsom municipal code. She is the primary advisor to the city manager, city council, and each department in the areas of city finance. She leads the development and implementation of citywide financial policies.

The Budget and Evaluation Division prepares the operating budget, five-year revenue and expenditure projections, and the capital improvement plan. We are also responsible for operational and organizational studies identified by the city manager, city council, and department staff. We coordinate citizen surveys and evaluate departmental achievement of the city’s strategic plan.

The Disbursements Division is responsible for all city disbursement transactions, including payroll and accounts payable. We also maintain financial records. We ensure timely and accurate accounting and reporting of disbursement transactions. We ensure that all such transactions are within city policy, laws, and other regulations.

Financial Analysis and Reporting (FAR) prepares and maintains accurate and timely financial records reporting financial data of the city according to accounting principles generally accepted in the U.S. and the Pronouncements of the Government Accounting Standards Board (GASB). FAR is also responsible for audit compliance, miscellaneous analysis of city projects, grant reporting, and adherence to internal controls.

The Treasury Division is responsible for cash management, investment portfolio, and debt and special assessment district management. We manage the city's banking and other financial services relationships. The cash management program includes timely deposit, investment, and disbursement of funds. Portfolio management includes investing the city's funds in compliance with the city's Investment Policy. Debt management includes the issuance and ongoing administration of the city's debt instruments and the debt instruments of the special assessment districts.

The Information Systems Division's mission is to create value for the public and improve efficiency through strategic investments in technology utilization. We seek new technologies and opportunities to provide more cost-effective and transparent services.

The Revenue Division collects and records all city revenues, including city service payments, business license certificates, sales taxes, property taxes, franchise fees, and transient occupancy taxes. We provide customer service to the city's utility customers, including account setup, billing, and account inquiries, and collection of delinquent accounts receivable.