Finance

Chief Financial Officer (CFO)

Chief Finance Officer oversees the Finance function. The CFO is also responsible for the correct financial reporting, budget preparation, investment of idle fund, sound budget spending, etc.

Divisions

The Finance Department is divided into three sections: Treasury/Disbursement, Payroll/Personnel and Purchasing.

Treasury/Disbursement

The Treasury/Disbursement office is responsible for cash receipts and disbursements. Cash collected from various departments are posted into receipt journal. Bills’ list for cash payments are processed for Council’s approval on the first and third Wednesday of every month, except the months of January, July, August, and November, which are processed once a month.

Payroll/Personnel

The Payroll/Personnel office processes payroll twice per month with proper documentation filed. In addition payroll/personnel is responsible for assisting all department heads with their employment/personnel needs.

Purchasing

The Purchasing office performs the central purchasing function. All the purchases are requisitioned by the department heads, approved by the town administrator, and encumbered into the budget. Through the encumbrance system, over-expenditure is avoided and payment is expedited.