The Department of Finance is responsible for effectively maintaining the financial administration of the Municipality and overseeing its resources. The Director of Finance supervises and coordinates the administration of the major financial areas of the Municipality: the Division of Tax Assessment, the Division of Tax Collection, and the Division of Finance.
The fiscal responsibilities of this department begin with the budget process, including preparation, monitoring and studies for future cost containment. The Division of Tax Assessment provides the property values. The Division of Tax Collection receives the tax levy. The Division of Finance maintains the custody of all local funds, implements the cash management policy to achieve interest maximization on investments and the timely disbursing of funds. In addition, the Department of Finance is responsible for the preparation of payroll and the maintenance of general accounting records.
The Director of Finance/Chief Financial Officer provides for temporary and permanent financing of all General and Utility obligations. Debt management is controlled with 6-year capital budget planning and forecasting. She is also responsible for the preparation of all annual reports, which are utilized in the budget preparation.
The Department of Finance provides management with accurate, timely reporting and analysis of all financial information. These reports are a planning tool for the policymakers in setting the long-term goals and objectives of the Municipality, and to provide for prudent management of the Township resources.