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GoMDOT > About MDOT > Divisions > Office of Administrative Services > Administrative Divisions > Financial Management
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The Financial Management Division is responsible for providing efficient, effective, and timely financial management services to and on behalf
of the divisions and districts in a manner that fully supports the department’s overall mission.
The primary functions of the division include:
- Process financial transactions on behalf of MDOT divisions and districts to facilitate payment of contractors and other vendors;
- Assist divisions and districts in analyzing budget data available from the new Financial Management System (FMS);
- Collect and distribute fines and permit fees assessed by the department’s Office of Enforcement;
- Maintain a comprehensive financial system in compliance with the requirements of state and federal statutes and regulations (Federal Highway Administration, Federal Transit Administration, Federal Rail Administration, Federal Aeronautics Administration, etc.), and generally accepted accounting principles for governments;
- Report the results of the department’s financial activities to MDOT management and other entities, such as the Department of Finance and Administration and the Mississippi Legislature; and
- Administer employee benefits including health insurance and the department’s cafeteria plan.
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