Town of Dover Town of Dover

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April 23, 2014
8:38 PM

Finance Department  
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The Finance Department maintains records of all financial transactions, processes payroll and is responsible for the Town's revenues and disbursements.  Receipts from various departments are posted into cash receipt journals.  Bill lists for cash disbursements are processed for approval at meetings of the Mayor and Board of Aldermen on the 2nd & 4th Tuesday of each month, except the month of December, which is processed once a month. 

The Finance Department controls the purchasing function.  Purchases are requisitioned by department heads, approved by the CFO and Business Administrator and encumbered into the budget.  The encumbrance accounting system ensures that budget appropriations are not exceeded and payment is expedited.

The CFO oversees the Finance function and is responsible for correct financial reporting, budget preparation, investment of idle funds, sound budget spending, etc.



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