Borough Finance Department

205 Madison Ave Rm 310
Madison NJ 07940
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Opening Hours

  • Mon: 8am-4:30pm
  • Tue: 8am-4:30pm
  • Wed: 8am-4:30pm
  • Thu: 8am-4:30pm
  • Fri: 8am-4:30pm

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<p>The Chief Financial Officer leads the Finance Department, which includes the following areas: financial administration, tax collection, and water and electric utility administration. The department must:</p> <ul> <li>Manage an automated payroll system and prepare all necessary state and federal reports. </li> <li>Maintain a computerized budget and appropriations control system. </li> <li>Maintain a general ledger record for all municipal, utility, capital and trust funds. </li> <li>Prepare and manage the accounts payable functions. </li> <li>Maintain all the relationships with the borough's commercial banks. </li> <li>Manage all cash investments to maximize the amount of interest earned on the borough's funds. </li> <li>Issue the approved borough notes and bonds to capital projects. </li> <li>Prepare municipal budget, annual financial statements and the budget-in-brief documents with the administrator. </li> <li>Maintain, analyze and control the various borough trust funds. </li> <li>Collect all property taxes and follow up on delinquencies. Conduct the sales of tax liens on properties. </li> <li>Prepare all water and electric bills and provide the required customer service. </li> <li>Maintain an accounts receivable system for both utilities. </li> <li>Manage and analyze the financial performance of both the water and electric utilities. Recommend any rate increases or decreases whenever appropriate. </li> <li>Manage the Borough's insurance coverage for liability, property and automobile damage, and medical and dental benefits. </li> <li>Prepare and manage the borough&rsquo;s 21-year capital plan.</li> </ul>