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The department is responsible for accounting and financial reporting, the administration and monitoring of Town purchasing and paying financial obligations, accounts receivable, property tax billing and collection, grant accounting, fixed asset accounting and records, debt management activities, preparation and distribution of quarterly and annual financial statements, providing payroll services to approximately 75 employees and maintaining a financial record keeping system according to generally accepted accounting principles to ensure compliance with federal, state, and local laws, as well as, Town ordinances and policies.