What is the primary responsibility of the Chief Financial Officer (CFO) in a municipality?

The primary responsibility of the Chief Financial Officer (CFO) in a municipality is to ensure the fiscal health and financial integrity of the municipality. One of the key tasks that falls under the CFO's purview is preparing debt reports. These reports are vital for informing stakeholders about the municipality's debt obligations and financial standing. They help in maintaining transparency and accountability with the public and other entities regarding how public funds are managed and allocated.

Moreover, preparing debt reports is crucial for municipal planning, as they provide insight into the potential impact of current and future debts on the municipality's budget and financial forecasts. It allows the municipality to make informed decisions regarding borrowing and finance management, helping to ensure that it can meet its financial commitments and fund public services effectively. Thus, this aspect of a CFO's role is essential in maintaining the financial stability and operational efficiency of the municipality.