Trust and Funds Management
Sherry Mose, Division Manager
The primary purpose of this section is to assist in educating and servicing employees, retirees, and their families on retirement security. The citywide program is available to the City's more than 23,000 employees. The section balances these goals with its day to day role of:
- Assisting employee plan participants with issues regarding contributions, loans and distributions; as well as with complaint resolution.
- Conducting reviews and approvals of financial hardship applications.
- Newport Group (Police Officers Only).
- EMPOWER (formerly named Great West Retirement Services).
This section prepares financial reports and conducts oversight, as well as administrative support to the Board of Public Trust (The Houston Foundation).
Additionally, this office manages the charitable funding request process. Organizations can apply by completing the application found on The Houston Foundation.
As a liaison for the Finance department, this section helps to assess the fiscal repercussions of pending legislation, by carrying out reviews and directing bills for analysis to the appropriate divisions.
Local Government Corporations (LGC):
This section is responsible for the fiscal monitoring and financial reporting of Local Government Corporations. Additionally, this section ensures compliance with all approved accounting procedures through periodic audits inspections of the corporations' books of account and attending board meetings. Annual audited statements provided by the LGCs are reviewed and any deficiencies are reported to the Finance Director in accordance with A.P.2-10
Refuge of Last Resort (RLR):
This section coordinates the Finance Department's effort to participate in the City's RLR Program by recruiting and training volunteers and managing supplies.