Page 56 - Town of Bedford FY 2018-2019 Budget.pdf

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and Enterprise Funds including issuance of general obligation debt, agency
contributions, and grant assistance.

Treasurer’s Office The Treasurer’s Office is responsible for managing and directing the billing and
collection of all real estate taxes, personal property taxes, motor vehicle excise
taxes, solid waste charges, utility charges, electric charges, and the issuance of
municipal lien certificates. The Treasurer also manages the Town's property
which is in Tax Title or Foreclosure. Delinquent property is turned over to the
Treasurer annually for nonpayment of taxes. The Treasurer facilitates a public
auction or a disposition of foreclosed properties.

Payroll Administration Responsible for the recording, processing, payments and administration of
employee compensation for all Town Departments. Disburses all Federal,
State, retirement and miscellaneous deductions & contributions for all staff.
Responsible for all IRS reporting requirements and deadlines.

Revenue Management Responsible for establishing revenue performance standards, tracking and
reporting revenue, analyzing actual verses expected performance, and
initiating corrective action on underperformance.

Utility Services Responsible for the billing, processing, collection, service set-up/disconnect,
data management, and customer service troubleshooting on all utility
accounts.

Debt Management Responsible for policy and practice related to the debt issuance process, debt
payment oversight, management of debt portfolio, and adherence to debt
issuance laws, restrictions and regulations.

Risk Management Responsible to manage risk transfer by the acquisition of insurance -directly
and indirectly via requirement of contract providers - related to worker safety,
auto liability, property, general liability, compliance and regulatory liability.

Procurement & Responsible for the purchasing of all supplies, equipment and services required
Purchasing Services by all Town Departments, Enterprise Funds, and associated agencies. All
purchases above $5,000 are required by Town Code to follow the established
Town Purchasing Policies. Facilitates the Sale of surplus property owned by the
Town and Enterprise Funds. Maintains the Town's Fixed Asset System.
Oversees Town credit card purchases and remittance.

Financial Reporting Responsible for presenting financial statements that adhere to generally
accepted accounting principles (GAAP) and to maintain continuity of
information on operating performance and financial position on all local
government and enterprise funds.

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