The Treasurer manages the cash flow, investment, and borrowing of Town funds in the most profitable and safe means available. All Town funds are received and disbursed by the Treasurer, when appropriately authorized.
The Treasurer is responsible for the management of the Town General Fund and Board of Education Accounts, which include all accounts that are the depositories for the budgeted revenues and expenditures. There are 13 separate additional funds for specified programs and retirement plans, maintained outside the annual budgeted General Fund. The 14 funds are deposited in 22 different accounts at 9 different institutions. The Town reports all funds on a general ledger system.
Through optimum and safe investments, efficient management of cash flow, and careful review of all orders drawn on the General Government and Board of Education, the Treasurer provides the most effective use of taxpayer money.