Finance
Mission
To provide sound and innovative financial management in accordance with North Carolina General Statutes , applicable state and federal regulations , and principles of accounting , purchasing , and cash management .
Summary
The Finance Department provides oversight and coordination of the entire finance function , including accounting , payroll , and reporting . Staff of this department retains ultimate responsibility for maintaining Town accounts in accordance with generally accepted accounting principles as well as policies established by the Town Council .
The department processes all disbursements including accounts payable and payroll . It also provides collection services for a variety of Town-generated revenues , as well as collections of taxes for Wake County and Utility payments for the City of Raleigh . This department serves as fiscal agent for both state and federal grant programs . In addition , the department prepares financial statements , manages the investment of Town funds , and maintains records concerning bonded debt and other obligations of the Town . The Finance Department is additionally responsible for the procurement of goods and services to meet the needs of Town functions in compliance with the North Carolina Administrative Code , the Town Budget Ordinance , and Town purchasing policies . The department administers the Town ’ s maintenance , service , and rental contracts . The department also maintains control over all property , inventory and equipment owned by the Town , maintains asset records , and ensures the proper disposition of surplus property .
102 1