Finance

The Finance Department oversees all financial activity of the town. Through the maintenance of independent records and by following well-defined procedures, the Finance Department documents the flow of money into and out of municipal accounts. The Department tracks revenue and expenditures and is involved in the annual budget process. The Department is also responsible for submitting reports to the Department of Revenue (DOR) including the town's annual Schedule A and the year-end balance sheet which is utilized by the DOR to certify the town's free cash. The Finance Director also works with the Board of Assessors and the Principal Assessor to prepare and submit the town's Tax Recapitulation Sheet (Tax Recap) to the DOR. The Tax Recap is the official document which allows the town to set its tax rate.