The City of Newport Finance and Administration Department is responsible for all of the City´s financial planning as well as the recordation of the City´s financial transactions. Included among the Departmental tasks are the preparation of the annual budget and the five-year fiscal plan for the City. Finance and Administration personnel also collect all of taxes, fees, licenses and other revenues payable to the City. In addition the Department also processes and pays all of the City´s payroll, employee benefits, vendor invoices and debt service obligations.

All of the receipts and disbursements are recorded in the City´s books of account and at the end of each fiscal year these accounts are then summarized and audited by an independent Certified Public Accounting firm. Finance and Administration staff members work with the auditors to assure that the City´s financial statements fairly represent the City´s financial position at the end of the fiscal period. The audit report is published as a part of a report called the Comprehensive Annual Financial Report (CAFR). The CAFR format far exceeds the minimum requirements for financial reporting required by Kentucky statute. Newport´s CAFR is also submitted each year to the Government Finance Officers Association of the United States and Canada (GFOA) for review by a panel of experts from around North America. Since FYE 1995 the City has been awarded the GFOA´s Certificate of Achievement for Excellence in Financial Reporting, their highest recognition for CAFR presentation.

The Finance and Administration Department consist of 8 dedicated staff members. Three of these employees are accountants, one is an occupational license instructor, one is a human resource coordinator, one is assigned to payroll and accounts payable and the remaining two perform clerical functions.

Joe Ewald
Acting Chief Financial Officer
Phone: (859) 292-3660
Fax: (859) 292-3663
Email: jewald@newportky.gov