The Finance Department is responsible for maintaining all Town financial records in accordance with "Generally Accepted Accounting Principles" (GAAP).
The Department maintains approximately seventy different funds. In addition to payroll, accounts payable, accounts receivable, pensions, investments, and general ledger maintenance; the Department is responsible for the compilation of the Annual Comprehensive Financial Report (ACFR), grants administration, rehabilitation loan account maintenance, self-insured insurance, and budget preparation.
The Department has been consistently achieving the Certificate of Achievement for Excellence in Financial Reporting from Government Finance Officers Association (GFOA) for more than 5 years and counting.
The Financial Director, in addition to managing these above functions, takes the lead in monitoring the Town's debt levels, funding requirements for existing and new Capital Projects, and coordinating the Town’s Bond Offerings with the Town’s Financial Advisor, Bond Counsel, and Securities Underwriters. The Finance Director is also the lead contact with Bond Rating Agencies achieving an upgrade to AA bond rating for the Town's general obligation debts in August 2023. Read more.
The Financial office has seven staff members, including the Director.