Finance

Responsibilities

The Finance Department is responsible for all aspects of financial activities in the Town. This includes, but is not limited to:

• Preparation of the annual audit
• Budget development and management
• Preparation of a Monthly Budget Operations Summary to Board of Selectmen and Board of Finance
• Banking and investments
• Cash flow control
• Debt administration
• Pension management
• Benefit administration
• Risk management
• Capital assets control
• Contract negotiations
• Purchasing
• Weekly accounts payable
• Establishment and monitoring of financial policies and procedures
• Accounts receivable
• Bi-weekly payroll/personnel administration
• Fund management
• Financial analysis and forecasting

Awards

The Town has continually received the “Certificate of Achievement for Excellence in Financial Reporting” award for 17 years. The award represents the highest form of recognition in the area of governmental accounting and financial reporting. It is a significant accomplishment for a government unit and its management.