FY2020 Budget

Finance

MISSION

The Finance Department’s mission is to manage Town Funds in accordance with the Local Government Budget and Fiscal Control Act, applicable State and Federal regulations, and sound principles of accounting and cash management.

SERVICE TO COMMUNITY

The Finance Department is committed to the highest standards of accountability, accuracy, timeliness, professionalism, and innovation in providing financial services. This encompasses investing all Town funds; maintaining accounting and financial records; billing and collecting; maintaining an encumbrance system for purchasing; processing accounts payable each week; preparing biweekly payrolls; preparation of the Comprehensive Annual Financial Report; and issuance of and collections related to various user fees and charges.

BUDGET NOTES

New Initiatives & Priorities

Cost Value

None Total

$ -

FINANCE

2017 Actual

2018 Actual

2019 Estimated 2020 Proposed

Total Salary and Benefits

$ $ $ $

423,879 177,807

$ $ $ $

443,185 199,416

$ $ $ $

427,415 520,693

$ $ $ $

467,093 183,307

Operations

Capital Outlay

-

-

-

-

Total Expenditures

601,686

642,601

948,108

650,400

Year Over Year % Change Total Year Over Year $s Change Total

25.2%

6.8%

47.5%

$

121,231

$

40,915

$

305,507

5 – Full-time Employees

64