FINANCE DEPARTMENT

The Finance Department is responsible for maintaining and administering the Town's fiscal operations in accordance with:

    • Generally Accepted Accounting Principles (GAAP) and Government Accounting Standards Board (GASB).
    • Accounting and financial reporting requirements of GASB Statement No. 54.
    • Accounting procedures required by local, state and federal laws.
    • Work closely with the Local Government Commission in accordance with the Local Government Fiscal Control Act.

The Finance Director and the finance department staff direct the fiscal operations include:

  • Budgeting
  • Accounting and financial reportingBusiness Ledger
  • Cash management
  • Investments
  • Fixed assets
  • Internal control
  • Debt service management
  • Grant revenues
  • Occupancy taxes
  • Invoicing
  • Purchasing and contracts
  • Accounts payable
  • Personnel & employee benefits
  • Payroll
  • Civic center rental & revenues
  • Utility billing & revenues
  • Privilege licensing & revenues
  • Tax collections & revenues
  • Cemetery plot revenues
  • Fire inspection fees
  • Planning, zoning & Community Development Permit fees
  • Parking tickets
  • Any other miscellaneous billings
  • This department works to maintain the general ledger and all subsidiary ledgers, preparation of reconciliation reports, insuring compliance with the Annual Budget Ordinance, reporting to State and Federal agencies, updating the Capital Improvements Plan and preparation of the annual Operating Budget. It is our priority to manage the Town’s financial affairs in compliance with all Federal and State laws and reporting requirements in a manner that is worthy of honor since "public confidence in government depends on proper stewardship of public monies".  

     
    LINKS

    Local Government Commission

    UNC School of Government - Local Government Finance Programs