Finance

CFO and Treasurer:  Susan Hodgins, (201) 327-2609 Ext. 249

The Department of Finance is responsible for maintaining the integrity and accountability of the Borough's fiscal operations while providing funding for services to residents at the lowest possible cost.

The Chief Financial Officer directs the preparation of the annual municipal budget by coordinating the funding requests of all departments, developing reasonable revenue estimates for the upcoming year, and assisting the Borough Administrator and Borough Council in formulating a responsible fiscal plan that provides efficient funding for as many services as possible while minimizing the property tax impact on residents. Capital expenditures are regularly reviewed to determine the correct timing for the issuance of debt so that the impact of debt service on future budgets can be minimized throughout the year so that necessary adjustments can be made.

The Treasurer regulates the Borough's cash flows by depositing cash receipts promptly, ensuring that all financial claims are properly disbursed, maximizing interest revenue by investing excess cash, administering payroll and employee benefits, and recording financial transactions in a timely and accurate manner.

The Borough's budget, accounting records and fiscal operations are examined each year by independent auditors.