The mission of the Finance department is to work in partnership with all Town departments providing operational, financial and leadership guidance as well as to provide accurate and timely financial information to the Mayor, Town Council and Town Manager. The department strives for excellence as a steward of the Town’s assets and to provide financial transparency to our citizens.
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
- preparation and financial control of annual budget
- coordination of external independent audit
- preparation of the Town’s Comprehensive Annual Financial Report (CAFR)
- monthly financial reporting to Town Council
- accounting for fixed assets and capital project expenditure
- cash management
- 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 Comprehensive Annual Financial Reports for the fiscal years ending June 30, 2015 and June 30, 2016. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.
The report for June 30, 2020 will be submitted to the GFOA for consideration of the Certificate of Achievement for Excellence in Financial Reporting.