The Finance department will work collaboratively with the Mayor, Council, Manager, and Town departments to provide accurate and timely financial information on the Town's financial assets. The Finance department strives for excellence as a steward of the Town’s financial resources. Financial transparency is key to promoting trust with the public.
Financial records for the Town are maintained in accordance with generally accepted accounting principles for government accounting.
The duties of the Finance Department include:
- controlling expenditures;
- preparing a balanced annual budget;
- coordinating an external, independent audit;
- preparing the Town’s Annual Financial Information Report ("AFIR") or formerly CAFR;
- submitting monthly financial reports to Town Council and Manager;
- accounting for fixed assets and capital project expenditure(s);
- managing cash and investment accounts; and
- preparing and submitting all internal and external financial reporting.
Finance Department Awards:
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the Town of Stallings for its Annual Financial Information Report ("AFIR") or formerly the CAFR for the fiscal years ending June 30, 2015 through June 30, 2022. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.