The Finance Department provides financial management, oversight, monitoring and reporting functions for the Town of Mills River. The department is responsible for complex financial resources and ensures that Generally Accepted Accounting Principles (GAAP) are followed and appropriate internal controls are in place to safeguard Town assets.
As financial stewards of the Town, the Finance Department is dedicated to managing the City's resources in a fiscally conservative manner. The department is responsible for accounting and financial reporting, debt management activities, preparation and distribution of quarterly and annual financial statements, providing payroll services and maintaining a financial record keeping system according to generally accepted accounting principles to ensure compliance with federal, state, and local laws, as well as, Town ordinances and policies.
All financial policies are approved by Town Council, and an audit is performed annually in accordance with the Local Government Fiscal Control Act. The audit report is presented to Council after being submitted to the North Carolina State Treasurer’s Office for review.