Finance Department
About the Department
The Chief Financial Officer (CFO) has responsibility for the Finance Department which includes the following areas: Financial Administration and Tax Collection.
Duties & Responsibilities
The Finance Department functions under the CFO who must:
- Manage an automated payroll system and review all necessary state and federal reports.
- Maintain a computerized budget and appropriations control system that meets all state and legal requirements.
- Maintain a general ledger record for all municipal, utility, capital and trust funds.
- Prepare and manage the accounts payable functions.
- Maintain all the relationships with the Borough’s commercial banks and execute all banking transactions.
- Manage all cash investments to maximize the amount of interest earned on the Borough’s funds.
- Issue the approved Borough Notes and Bonds for the Borough’s capital projects.
- Prepare Municipal Budget, Annual Financial Statements, and Annual Debt Statement.
- Maintain, analyze, and control the various Borough Trust Funds.
- Collect all property taxes and follow up on delinquencies. Conduct an annual tax lien sale on unpaid property taxes.
- Prepare and manage the Town’s 3-Year Capital Plan. This Plan identifies the annual spending and funding sources for road reconstruction, public works’ equipment, fire and police equipment, building maintenance, parking lots, parks / fields, and all other capital projects.
Budgets, Financials & Audits
The Borough of Morris Plains’ fiscal year is from January 1st to December 31st. The budget is the official spending plan for all town departments, and it identifies the sources of funding to support the operating plan. The Mayor and Council of the Borough of Morris Plains receive public input on town services and spending requests throughout the year. These requests are considered during the budget preparation process.
The annual Budget and Capital Plan are introduced in March at two public meetings.
Click the links below to explore past and current financial documents.