The Finance Department encompasses all accounting, purchasing, and utility billing and treasury activities within the town including:
- Accounts payable
- Cash disbursements
- Custody and recording of revenues accruing to the town
- Investment activities
- Maintenance and operation of the computerized financial records system
- Financial reporting
- Payroll operations
- Review of the financial activities of town functions
- Utility Billing
The Department is also a proud, 28-time recipient of the the Government Finance Officers’ Association award for excellence in financial reporting.
Finance also supports other departments in facilitating the purchasing process. The Town is now using DemandStar to post all bid solicitations.
Comprehensive Annual Financial Report (CAFR)
The Finance Department is ultimately responsible for ensuring that accounting transactions are properly recorded and maintaining all official accounting records. At the end of the fiscal year the Finance department generates the Town’s Comprehensive Annual Financial Report (CAFR).
Budgets by Fiscal Year
One of the largest functions of the Finance Department is the development of the Town’s annual budget, which, in agreement with the Finance Board, is ultimately approved by the Commission. The Town’s most recent budget documents are provided below.