The Finance Department offers a range of debt management and capital financing services. The department provides treasury and advisory support services. It is also engaged in the acquisition and management of properties. The Finance Department offers taxation, licensing, and risk and inventory management services. The department s financial accounting and reporting division is engaged in the valuation of buildings, streets, traffic lights, parks, water and sewer lines, storm drains and vehicles. It provides cost accounting, labor tracking, and fund, work and grant management services. The Finance Department is governed by the City of Phoenix, which also operates fire, police, public works and street transportation departments.