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Sandy Favreau, Finance Officer Sfavreau@capecarteret.org 252-393-8483

FY17/18 Monthly Reports
Finance Department
The mission of the Finance Department is to provide fiduciary control of the Town's assets and to maximize the use of public moneys and assets to the best interest of the citizens of the Town of Cape Carteret. This is accomplished in accordance with the policies set forth by the Town of Cape Carteret's Board of Commissioners and the General Statutes of North Carolina.

Duties and Responsibilities

It is the duty and responsibility of the Finance Department to handle all financial operations on a daily basis for the Town of Cape Carteret. The financial operations include accounts payable, accounts receivable, billing, investments, payroll processing, debt issuance, assisting in budget development and implementation, and the recording of Town assets and liabilities. The Finance Department adheres to the following guidelines in accordance with generally accepted principles of governmental accounting as well as the rules and regulations set forth by the North Carolina General Assembly.

An audit of the Town's financial statements, financial practices, and principles is conducted annually by two separate outside auditing firms. The finance staff assists the auditors in compiling this information for the yearly audit. This audit determines any material weaknesses and discloses any compliance exceptions, if there are any. This audit also discloses the financial position of the Town.