Financial Services
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Financial Services

Financial Services supports TDA programs by performing financial duties in the areas of accounting, budget, purchasing, contracting, accounts payable, and payroll.

Budget develops and oversees the agency budget, monitors expenditures and reimbursement of both federal and state grant funds. Budget also develops planning initiatives, such as the Legislative Appropriations Request, the Operating Budget, and works with agency programs to manage revenue and expenditures. Budget is also responsible for reports such as agency performance measures and cost recovery revenue forecasts.

Accounting manages the agency general ledger, prepares the Annual Financial Report, administers cash management, and develops agency financial reports. TDA receives and distributes grant funds, and Accounting provides additional oversight to grant program disbursements and reporting.

Accounts Payable processes payments to conform with state and federal statutes and regulations, performs encumbrance accounting, issues annual IRS 1099s to vendors, and handles all billing inquiries.

Payroll reviews employee time and attendance records, prepares payroll, implements deductions in compliance with requests and orders, and files related IRS reports. Payroll works directly with employees to solve payroll related problems consistent with state and federal requirements.

Purchasing and Contracting handles all purchasing and contract development efforts and oversees compliance with state and federal procurement requirements. TDA’s Historically Underutilized Businesses (HUBs) outreach program works to increase education and experience among diverse small businesses, making them more competitive in TDA’s procurement processes.