Financial Services

Thomas Darling, CPA, CPFIM

Financial Services Director

248.524.3330

(t.darling@troymi.gov)

The Director of Financial Services oversees the following divisions: Accounting/Finance; City Assessor's Office; City Treasurer's Office; Information Technology; and Purchasing.

The Director of Financial Services compiles and reviews the City's three year annual budget including the assurance of quality, accuracy, timeliness, completeness, and compliance with local, state and national standards.

The Director continually monitors financial condition and performance measurements through out the fiscal year. This includes quarterly reporting, cash flow analysis, forecasting, rate studies, financial/demographic trend reviews and budget amendments if necessary.

At the end of the fiscal year, the Director coordinates the City's annual independent audit and issues the nationally recognized and award winning Comprehensive Annual Financial Report (CAFR) and the summarized Popular Annual Financial Report (PAFR).

Mission Statement

The Financial Services division will promote and achieve the highest standards in financial management and service to our internal customers and residents. We will achieve success by continuous application of our values in assessing revenues, collecting payments, disbursements to vendors and employees, recording transactions, reporting and safeguarding city assets and resources through uncompromised internal controls and utilization of technology in an effective and efficient manner.

Value Statement

Integrity: We are committed to provide services in an honest, ethical, open and respectful manner to all people and the free exchange of ideas.

Excellence/Quality: We value innovative, timely, solution oriented and cost effective services and systems. We are committed to achieving the highest levels of quality and reliability in the services we provide to our customers. We strive to provide sound financial leadership to the City by delivering proactive financial solutions and reporting that support the City’s master and strategic plan.

Stewardship/Accountability: We practice sound financial management and are committed to safeguarding and ensuring the effective and efficient use of City resources.

Transparency: We are committed to openly share public information with others in a way that is meaningful and effective.

Communication: We are devoted to providing timely, accurate and meaningful reporting and communication to our internal and external customers that address questions or concerns, share constructive ideas and provide information for well informed decision making.

Personal Excellence: We value and encourage continuous professional development of our staff and celebrate their success as they are our most valuable resource.

Teamwork: We value the contribution our staff makes in achieving our mission and we support and encourage everyone working together in achieving desired outcomes.

Vision Statement

We aspire to be the preeminent financial services organization in municipal governance and to set the standard by which other municipalities and governmental organizations measure success.

Did You Know?

  • City of Troy unlimited general obligation bonds boast a AAA rating from the National Bond Rating Agency, Standard & Poor's.
  • Troy has been nationally recognized by the Government Finance Officers Association for Outstanding Achievement in Financial Reporting for both the Comprehensive Annual Financial Report and the summarized version the Popular Annual Finance Report.
  • You can view the City's check registers, purchasing contracts, salaries and benefits, and collective bargaining agreements in the "Open Troy" tab located in the "Quick Links" Section of our website.
  • You can review the City's performance indicators along with several other Michigan communities and school districts by accessing the the "Munetrix" icon located in the Quick Links section under "Dashboard" of our website.