|
Programs and Services:
To ensure legal and fiscal accountability to the public, the Finance and Administrative Services Department:
§ Provides financial oversight of the Town's funds, verifying proper practices are in place and operational responsibility is upheld.
§ Develops and monitors the Town and Redevelopment Agency's Annual Operating Budget and Annual Capital Improvement Program Budget in accordance with Government Finance Officer Association (GFOA) guidelines.
§ Coordinates the annual audit of the Town's financial statements and preparation of the Comprehensive Annual Financial Report (CAFR).
§ Maintains the Town's financial operating system for record-keeping and reporting of all financial transactions.
§ Provides Financial and Administrative Services, including:
- Accounts payable and payroll disbursement and reporting services
- Accounts receivable invoicing, revenue collection, and cash reconcilement
- Business license processing and auditing services
- Accounting, arbitrage reporting, and claim reimbursement services for bond issues
- Procurement process oversight, including purchase order processing, financial tracking of contracts, vendor resolution issues, and proper accounting allocation
- State and local subvention claim administration
|