The Comptroller Department operates within the Department of Finance. The department is responsible for maintaining and administering a financial accounting and management information system that provides accurate, complete, and timely information pertaining to all financial activities of town departments, agencies, commissions, and authorities.
The comptroller is responsible for oversight of fiscal compliance with all local, state, and federal statutes, regulations, and other mandates, as well as adherence to Generally Accepted Accounting Principles (GAAP) and sound internal control procedures as prescribed by Generally Accepted Governmental Auditing Standards (GAGAS).
54-page Schedule A report
All funds balance sheet
Annual certified Single Audit report
Audit Committee administration
Certification of availability of funds prior to contract acceptance by the town
Debt limit reporting
Detailed records, as prescribed by statute, of all unauthorized, issued, and outstanding debt and debt service
"Free cash" certification
Periodic state-mandated reporting requirements including quarterly cash reconciliation's
All federal, state, local, and private grants, gifts, bequest, and similar trust and agency type funds
Custody and control of all vendor contracts and surety
Internal control review and audit administration
Maintaining a system of appropriation/expenditure control to prevent illegal over-expenditures
Vendor payment program including review, audit, payment preparation, and disbursement authorization