FY17/18 Monthly Reports |
Finance Department |
Duties and ResponsibilitiesIt 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. |