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FINANCE DEPARTMENT

The Finance Department is responsible for maintaining and administering the Town's fiscal operations in accordance with:

• • Generally Accepted Accounting Principles (GAAP).
  • Accounting and financial reporting requirements of the Government Accounting Standards Board (GASB) Statements. 
  • Accounting procedures required by local, state, and federal laws.
  • Work closely with the NC Local Government Commission in accordance with the Local Government Budget and Fiscal Control Act.  

The Finance Director and the finance department staff direct the fiscal operations include:

This department works to maintain the general ledger and all subsidiary ledgers, preparation of reconciliation reports, ensuring compliance with the Annual Budget Ordinance, reporting to State and Federal agencies, updating the Capital Improvements Plan and preparation of the annual operating budget. It is our priority to manage the Town’s financial affairs in compliance with all Federal and State laws and reporting requirements in a manner that is worthy of honor since "public confidence in government depends on proper stewardship of public monies".  

 
LINKS

Local Government Commission

Municipal Securities Rulemaking Board (EMMA)

NC Department of Revenue 

NC General Assembly - General Statutes and Session Laws   

NC State Treasurer

UNC School of Government - Local Government Finance Program

            NC League of Municipalities