FY 25 Adopted Budget | Page 108

The Finance Department is responsible for accounting , debt administration , cash and revenue management , payroll , accounts payable , and purchasing . The department recommends financial policies and guidelines , prepares the Annual Comprehensive Financial Report , the Popular Annual Financial Report and performs special financial analysis such as statistical reporting , cash flow projections , and economic development projections .

Strategic Goals

� Provide transparent , meaningful , and accurate financial information in a timely manner to stakeholders to comply with local , state , and federal laws , and governmental and regulatory requirements .

� Provide accurate and timely invoice processing to vendors for goods and services to maximize the Town ’ s cash flow position .

� Provide complete , accurate and timely data to help Town leadership make effective decisions and support strategic goals .

� Provide Finance Department staff with the level of tools , resources , and professional development critical to their success in achieving established work plans . � Deliver value-added services in a friendly manner to our customers . � Manage cash balances in accordance with financial policies to protect capital , provide liquidity , and maximize investment earnings . � Prepare accurate payroll and provide payroll customer service to over 200 employees . � Obtain the best value for the commodities and services that the Town needs using the most efficient process and following NC General Statutes . � Review Town contracts for compliance with financial policies in a timely manner . � Generate broad participation and competition among potential vendors while ensuring equal opportunity to all qualified vendors and contractors wishing to compete for Town business . � Maintain an accurate and up-to-date inventory of the Town ’ s fixed assets .

Position Summary

ACTUALS FY21-22 .

ACTUALS FY22-23 .

AMENDED FY23-24 .

ADOPTED FY24-25 .

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