The New York City Department of Finance (DOF) collects more than $40 billion in revenue for the City and assesses more than 1.1 million properties that have a combined total market value of $1.3 trillion. In addition, DOF also:
Records property-related documents
Administers exemption and abatement programs
Adjudicates and collects parking tickets
Maintains the city's treasury
Participates on and provides administrative support for the NYC Banking Commission
Oversees theNew York City Sheriff's Office, which acts as DOF's law enforcement division and the City's chief civil law enforcement agency.
Through the Mayor's Office of Pensions and Investments, the Department of Finance also advises the Administration on the City's $160 billion pension system and $15 billion deferred compensation plan.
In 1801, New York City created the Office of the Comptroller and the City Council was charged with appointing aNew York City Comptroller.[4] In 1831, the New York City Department of Finance was established, with the Comptroller serving as its head.[4]