Department Description

The Finance Department is responsible for processing payroll, payments for goods and services (accounts payable), insurance claims, health benefits, preparing monthly financial statements, forecasting general fund revenues and expenditures, preparing official statements for note and bond sales, assists with the preparation of the annual budget, administers the pension plan, prepares reports for Federal and State entities as required, prepares the Comprehensive Annual Financial Report (CAFR), and maintains the Town's cash and investment portfolio.

The Assessment Division of Finance is responsible for creating the annual Grand List, which is ultimately used to set the mill rate and calculate taxes. Said taxes are imposed upon real estate, personal property and motor vehicles. Accordingly, the Division also administers tax relief programs for such groups as the elderly, disabled homeowners and veterans.

The Tax Collection Division of Finance is charged with collecting both taxes due the Town, as well as revenues that are brought in as a result of the provision of departmental services.