Finance Department Mission Statement
The mission of the Finance Department is to deliver timely and accurate financial reporting and
provide proper oversight of all expenditures and revenue collections in order to successfully
support the operations of the town. The Finance Department principally assists the town’s
various departments, boards and committees by planning, organizing, and directing the town’s
financial activities in conformance with all applicable federal, state, and local laws as well as the
standards set forth by the Government Accounting Standards Board (GASB) and Generally
Accepted Accounting Principles (GAAP).
Organizational Chart
FY2021 Initiatives and Accomplishments
Cross-train all finance staff in key duties of the office.
Review current bank account structure for opportunities to streamline and simplify.
Provide excellent customer service to residents, staff and management through the
implementation of practices that are fair, consistent and predictable
Streamline processes and functions of the Finance Department as necessary.
FY2022 Goals and Initiatives
Create written document outlining office procedures.
Update financial policies with help and guidance from Auditors.
Review current bank account structure for opportunities to streamline and simplify.
Further the professional development of the Finance Director to work towards State
Certification.
Significant Budget Changes or Initiatives
The budget requests an increase for the new budgeting electronic software. Due to COVID-19
we have recognized the importance of being able to have documents in electronic version. This
software will allow departments to enter their budget in the system and it will create budget
books. Constituents will be able to go online and access budgets but also set different
parameters of information they would like to see and compare.
Finance Director/ Town
Accountant
Treasurer/Collector
Assistant Treasurer/Collector &
Payroll/Benefits Coordinator
Programs and Services
Process payments for taxes including motor vehicle, real estate, personal property and water
Pay bills for the Town
Process payroll on a bi-weekly basis
Assist residents with questions concerning their bills or just helping them to understand
Personnel Chart
FINANCE DEPARTMENT
Personnel Summary
Position FY 2020 FTE FY 2021 FTE FY 2022 FTE
Finance Director/Treasurer/Collector
1.0
1.0
Town Accountant
1.0
1.0
Finance Assistant & Payroll Coordinator
.90
.90
Total Full-Time Equivalent
2.90
2.90
2.90
FY 2022
DEPARTMENT REQUEST
FY 2021 Budget Forms 1/7/2021
DEPARTMENT: FINANCE DEPARTMENT
DEPT. CODE: 149
Salary Detail
EMPLOYEE
HOURLY
RATE
BASE
SALARY
INSURANCE
INCENTIVE
2% COLA 2% MERIT
TOTAL FY 21
52.43 WEEKS
FINANCE DIRECTOR/TOWN
ACCOUNTANT
47.36
98,508.80$ 1,970.18$
1,970.18$
102,889.68$
TREASURER/COLLECTOR 36.34
75,587.20$
-$ 1,511.74$ 1,511.74$
78,948.71$
ASST. TREASURER/COLLECTOR &
PAYROLL COORDINATOR
32.09
60,906.82$ -$ 1,218.14$ 1,218.14$
63,615.47$
166,506.00$
SALARY & WAGES:
FY 2020
DEPARTMENT REQUEST
FY 2020 Budget Forms 1/7/2021
DEPARTMENT: FINANCE DEPARTMENT
DEPT. CODE: 149
ITEM#
ITEM
FY 22 DEPARTMENT
REQUEST
5200
OFFICE SUPPLIES 4,800.00$
TRAVEL 1,200.00$
EDUCATION & TRAINING 3,000.00$
PROFESSIONAL DUES & MEMBERSHIPS 600.00$
PAYROLL SERVICES 5,350.00$
DEPUTY COLLECTOR SERVICES 5,000.00$
LOCKBOX SERVICES 1,500.00$
FIRST SOUTHWEST 1,500.00$
CLEAR GOV BUDGETS 4,000.00$
TOTAL 26,950.00$
EXPENSES:
FY 2020
DEPARTMENT REQUEST
FY 2020 Budget Forms 1/7/2021
DEPARTMENT: FINANCE DEPARTMENT
DEPT. CODE: 149
ITEM#
ITEM
FY 22 DEPARTMENT
REQUEST
5800
-$
CAPITAL:
TOTAL
FY 2022 DEPARTMENT REQUEST
FY 2020 Budget Forms 1/7/2021
DEPARTMENT: FINANCE
DEPT. CODE: 149
ITEM#
ITEM FY 17 ACTUAL FY 18 ACTUAL FY 19 BUDGET FY 20 BUDGET FY 21 BUDGET FY 22 REQUEST
INCREASE
(DECREASE)
5100
FINANCE DEPARTMENT 142,146.00$ 188,368.22$ 195,778.00$ 229,676.00$ 244,684.00$ 166,506.00$ 78,178.00$
142,146.00$ 188,368.22$ 195,778.00$ 229,676.00$ 244,684.00$ 166,506.00$ 78,178.00$
5200
FINANCE DEPARTMENT 44,330.00$ 22,549.50$ 22,950.00$ 22,950.00$ 22,950.00$ 26,950.00$ 4,000.00$
44,330.00$ 22,549.50$ 22,950.00$ 22,950.00$ 22,950.00$ 26,950.00$ 4,000.00$
5200
FINANCE DEPARTMENT -$ -$ -$ -$ -$ -$
-$ -$ -$ -$ -$ -$ -$
186,476.00$ 210,917.72$ 218,728.00$ 252,626.00$ 267,634.00$ 193,456.00$ (59,170.00)$
TOTAL
TOTAL
SALARY & WAGES:
EXPENSES:
TOTAL FINANCE DEPARTMENT
CAPITAL:
TOTAL
$-
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
FY 17 ACTUAL FY 18 ACTUAL FY 19 BUDGET FY 20 BUDGET
Finance Department - Total Salaries & Expenses