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.
Within the Division of Finance the following responsibilities lie:
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.
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.
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.