Mission Statement:

The mission of the Finance Department is to provide financial administration and protect the City's assets while providing and supporting the Torrance community with sound financial advice in a timely, cost-effective, and professional manner. 

 Functional Responsibilities:

 The Finance Department is responsible for financial administration, budgeting, purchasing, accounting, and auditing for City fiscal resources, the issuing of business licenses, and the billing and collection of all monies due to the City. The Finance Director assist the City Manager with preparing and administering the operating and capital improvement budgets, serves as an advisor to the Land Management Team, and presents an annual audited statement of the City's financial condition to City Council that is prepared in accordance with governmental reporting standards according to the Governmental Accounting Standards Board (GASB). The Finance Department also administers risk management programs whose objectives are to contain costs related to liability and worker's compensation loss. 

More information

• The City of Torrance is proud to release its third Citywide report, a 2023 Year in Review. 
• Please see the adopted organizational chart. Finance Department Organizational Chart

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