The Director of Finance is responsible for the daily operations of the Accounting Department and Treasury Operations. The duties of the Director of Finance also include general administrative responsibility for the proper operations of the Tax Assessment, Tax Collections, Data Processing/Purchasing, and Payroll.
The Director of Finance assists the Town Manager in the preparation of the Annual Budget, daily analysis of the executed Operating Budget throughout the fiscal year, maintaining proper audit & budgetary controls and policies, performing periodic reconciliations for the purpose of maintaining accurate expenditure balances and over expenditure avoidance, coordination of the annual audit and liaison with all appointed outside auditors and credit rating agencies, monitor all banking transactions and reconciliations, seek opportunity for cost savings and investment opportunity when available for the purpose of growing the fund balance of the town and to continually maintain the integrity of the accounting system by voicing any concerns regarding reporting deficiencies to the Finance Committee.
The objective of the Town of Winchester Department of Finance team is to administer the approved financial budget in an ethical, professional and efficient manner on behalf of all residents and/or taxpayers. The goal of this finance department is to maintain a culture rich with internal controls, credibility, positive attitudes and responsiveness toward the financial informational needs of the Town of Winchester community.
Connecticut Recognizes Winchester’s Financial Recovery: Following the recommendation of the Municipal Finance Advisory Commission (MFAC), Connecticut Office of Policy and Management Secretary Melissa McCaw has released the Town of Winchester from financial oversight by the MFAC. This order, dated January 19, 2018, ends a 6 year period during which the Town reported quarterly to the MFAC on its recovery from the precarious financial condition the Town experienced upon the discovery in 2013 of a $2 million embezzlement by a former finance director. The OPM order letter can be viewed here and the MFAC recommendation letter can be viewed here.