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The Department is responsible for maintaining and administering a financial accounting and management information system that provides accurate, complete, and timely information pertaining to all financial activities of the Town of Great Barrington departments.
The Department is responsible for oversight of fiscal compliance with all local, state, and federal statutes, regulations, and other mandates, as well as adherence to Generally Accepted Accounting Principles (GAAP) and sound internal control procedures as prescribed by Generally Accepted Governmental Auditing Standards (GAGAS).
Other responsibilities include certification of availability of funds prior to contract acceptance by the Town; detailed records, as prescribed by statute, of all unauthorized, issued, and outstanding debt and debt service; periodic state-mandated reporting requirements including quarterly cash reconciliation’s, free cash certifications, debt limit and required disclosure reporting, the Schedule A report, the all funds balance sheet, preparation of the annual certified Single Audit report; and Coordination of the Tax Rate setting process ,preparation of the financial components of the Tax Recapitulation Form and oversight of the Town Hall computer system.