The Town’s financial records are maintained in conformity with Generally Accepted Accounting Principles (GAAP) as published by the Governmental Accounting Standards Board (GASB) and state and federal laws. It handles the Town’s fixed-asset records, internal financial control system, insurance and the risk management program. The department receives all money payable to the Town, issues all accounts payables, and monitors banking and investments and the administration of state and federal funds.
The Town's Finance Department coordinates all budget activities of the Town's government. Specific responsibilities include the preparation of a proposed annual town budget, revenue projections, oversight of the five year capital improvement program, analyzing the fiscal impact of proposed resolutions and ordinances, and providing reports and operational reviews.
PROCUREMENT/PURCHASING To maximize the purchasing value of public funds, specified goods and services are procured by Town staff at competitive prices through fair and equitable processes. Services include specification preparation and review, quotes/proposal/bid evaluation and award, and contract administration.