Finance
The Town of Yadkinville Finance Department is comprised of three main areas that include General Accounting, Accounts Payable and Payroll. Utility Billing and Tax Collections also works under the supervision of the Finance Officer.
Responsibilities
The Finance Office is responsible for managing and controlling the financial functions of the Town of Yadkinville in accordance with generally accepted principles of governmental accounting and the North Carolina Local Government Fiscal Control Act.
The Finance Officer establishes and maintains the accounting system, controls expenditures, receipts and deposits all revenues and manages the investment of all monies. The Finance Officer also accounts for all assets and capital project expenditures. Accurate financial information is maintained and provided in a timely manner, including reports internally and externally.
Town Obligations
All Town obligations are paid by this department, including operating expenses, debt and employee payroll. This department assists in preparing the annual budget and monitoring it after adoption. All financial activity of all Town departments is supervised by the Finance Officer to ascertain solid internal controls are in place.
Audits
An audit of financial practices and principles is conducted annually by an outside auditing firm. The finance staff assists in providing this information and prepares reports and worksheets with pertinent financial data and information. This audit determines and explains any material weaknesses or discloses any compliance exceptions if there are any. This audit also discloses the financial strength of the Town.