Finance Department

Department of Finance

The Department of Finance and Budget Operations is overseen by the Director of Finance/Chief Financial Officer (CFO) and provides for the coordination of all the Township's fiscal operations. It controls budget expenditures, administers the Township's debt and cash management programs, prepares year-end financial statements and makes recommendations to the Township's Mayor, Council and Administrator with regard to financial policy.

The Township's excellent financial management practices and fiscal responsibility are reflected in its AA3 bond rating from Moody's. In addition since 2000 the Township has consistently received excellent audit reports from an independent auditing agency.

The Department of Finance and Budget Operations has three main divisions: Finance Division, Collection Division and Assessment Division.

 

Division of Finance

Within the Division of Finance the following responsibilities lie:

    • Payroll
    • Accounts Payable
    • Accounts Receivable
    • Cash Management and Investment
    • Grant Coordination
    • Budgeting
    • Fiscal Reporting

The Finance Division works closely with Administration, other municipal departments, organizations and outside entities to prepare the annual budget and provide expenditure oversight. It is the most recognizable function of the department.

 

Division of Assessments

The Division of Assessments is headed by the Tax Assessor who is responsible for determining the fair market value of every parcel of real property in the Township and maintaining appropriate assessment records for each.

 

Division of Collections

This division works closely with the Tax Assessor and is headed by the Tax Collector. The Tax Collector prepares bills, maintains an accounting of all tax, water, sewer and assessment collections and enforces the collection of delinquent charges through foreclosure of municipal tax liens and municipal tax sales.

 

Finance Department Contacts

Sherry M. Kolody – Chief Financial Officer Ext. 7250 email - Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Valerie Coughlin – Assistant Treasurer Ext. 7251 - Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Lindsay Kramer - Finance Assistant Ext. 7205 - Email This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

Finance Department Info

 

empty slotSherry M. Kolody
Chief Financial Office
(973) 691-0900 x7250
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empty slot
Valerie Coughlin
Assistant Treasurer
(973) 691-0900 x7251
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empty slot

Lindsay Kramer
Finance Assistant
(973) 691-0900 x7205
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Chistie Stachnick

Benefits Coordinator
Qualified Purchasing Agent
973-691-0900 x7231
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Finance Department Fax Line

973-691-9257

Comments and Questions

Mount Olive township is geared towards benefiting you, the public. If you would like us to contact you simply email us.

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Contact Information

Mailing Address

Mount Olive Township
Post Office Box 450
Budd Lake, NJ 07828

Physical Address

Mount Olive Township
204 Flanders-Drakestown Road
Budd Lake, N.J. 07828

 

Telephone:

Main (973) 691-0900, Fax (973) 347-0860

 

Business Hours:

8:30 am - 4:30 pm (Monday thru Friday)

S5 Box

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