The purpose of the Finance Department is to ensure that the financial aspect of municipal government runs efficiently. The Finance Department collects, manages and invests municipal funds under the direction of the Town Manager, to ensure the continuation of consistent, high quality programs and to provide services to the citizens of the Town of Rangeley. The Finance Department consists of the Treasurer/Tax Collector, acting as the Finance Director and Front office Administrator and the Finance Assistant.
Programs and services provided by the Finance Department include, but are not limited to the following:
- Financial Reporting, Analysis, Distribution and General Oversight of Any and All Financial Transactions On a Monthly and Daily Basis: All month end financial reports for the town.
- Property Tax Bills: Updating and maintaining via the computer all tax information on properties by mailing, receipting, collecting, liening, and foreclosing on those properties assessed within the town.
- Excise Taxes: Collection of excise taxes through registrations for vehicles and boats on a daily basis.
- Sewer Bills: Updating and maintain via the computer program all sewer information on properties which use Town sewer, then mailing, receipting, collecting, liening, and foreclosing of those properties.
- Plantation and County Billings: Computing, mailing and collecting the fees for services provided by Rangeley to surrounding communities. These fees are collected on a yearly basis.
- Payroll Processing: For town employees, including weekly distribution of payroll deductions and required tax deposits as well as posting the tax deposits online and filing the necessary tax reports to the state and federal governments. This also includes the bookkeeping tasks associated with these functions.
- Accounts Payable Processing: Paying invoices on a weekly basis. Town invoices paid are about 25 per week.
- Accounts Receivable Processing: Computing and mailing invoices as well as collecting monies that are owed to the town.
- Bank and Reserve Accounts: Maintaining approximately 20 bank accounts, consisting of checking accounts, reserve accounts and trust accounts.
- Trust Accounts - Various Scholarship Programs: Oversees the funding and disbursement of the bank accounts, and submits recommendations for investing excess funds of the Seasonal Friends scholarship.
- Department Finance and Budget Oversight: Oversee the general accounting of each department’s budget by verifying that entries to those accounts are correctly coded.
- Parks and Recreation Programs: Overseeing the receipting of fees for recreation programs and maintain the subsidiary account for fees.
- Registrations: Including boat, ATV, Snow Mobile, etc.
- Licenses: We are able to provide citizens and visitors hunting and fishing licenses.
Q: When do you collect taxes?
A: September 1 & February 1
Q: What is the average Operating Ag Account Bank Balance?
A: Average Operating Account bank balace for FY 2017 was $2,420,801.82
Q: Could you tell me what the average monthly balances are for the Town for the last 12 months?
A: Monthly Bank Balances