The Finance Department is responsible for the preparing and monitoring the annual budget for the City of Marble Falls under the guidance of the City Manager. The City of Marble Falls' fiscal year is October 1 through September 30. The budget process begins in June of each year with a budget retreat and budget workshops, followed by public hearings and City Council approval in late September.

For the last 13 consecutive fiscal years, the Finance Department has earned the "Certificate of Achievement for Excellence in Financial Reporting," representing the highest standards in government accounting and financial reporting. The Finance Department has also earned the Distinguished Budget Presentation Award for the last 11 consecutive fiscal years.