Record Group 065
OFFICE OF FINANCIAL MANAGEMENT

See also:

Record Group 063: Department of Budget and Program Development

ADMINISTRATIVE HISTORY

The Office of Financial Management (OFM), as authorized by Ordinance 8311, was responsible for maintaining the accounting system and records of all King County funds. Formed in 1987, the new OFM combined the responsibilities of two prior agencies, the Office of the Budget and the Office of Finance into one unit. Administered by a Chief Financial Officer, the OFM initially was composed of four divisions (Budget, Finance, Risk Management, and Accounting Services) that carried out six primary functions. Chief of among these duties, the OFM was responsible for the performance of all the duties of the comptroller and the treasurer. It also was in charge of the formulation and implementation of financial policy for the County and other agencies. The OFM oversaw the management of the accounting and disbursing of assigned public funds, as well as the management of the collection, receipt, and investment of assigned revenues due to the County or other agencies. The OFM also performed risk analysis, evaluated alternatives and purchased insurance, adjusted claims, and recommended policies and practices to ensure the adequacy of insurance coverage for King County departments. A final responsibility of the OFM was the preparation and management of the annual operating and capital budgets. In 1995, following a reorganization, the Office of Financial Management saw its functions subsumed by several different agencies, principally, the newly-created Department of Finance and a separate Office of Budget and Strategic Planning (which now reported directly to the County Executive).

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Record Subgroup 065.01
OFFICE OF FINANCIAL MANAGEMEMENT:
BUDGET DIVISION

ADMINISTRATIVE HISTORY

Established in 1987, the Budget Division was the successor to the Office of the Budget. The Budget Division was responsible for planning and preparing the annual Executive proposed operating budgets for all King County funds, developing the proposed capital improvement program and budget, forecasting revenues, and advising the County on financial and expenditure policies.

SERIES DESCRIPTIONS
(click on series title to see container list)

Note: The series description on this page includes a link to a container list in portable document format; this file is indicated by a (PDF) following the series title. In order to view the PDF container lists, you will need the latest version of Adobe Acrobat Reader®. Please click here if you need to obtain a free download of the software.

065.01-356 Issue files, 1985 - 1988  (1.38MB, PDF)
Correspondence, reports, and other materials related to the operation of the Budget Division.

Volume: 17 cu ft