[Code of Bylaws, § 2-61; Bylaws
Art. 4 § 8, 11-12-1940; Bylaws
Art. 34, 5-3-2005]
In conformity with Section
5-1(a) of the Millbury Town Charter there shall be a town of Millbury department of financial management. The town manager shall supervise the department of financial management, which shall encompass and include the responsibilities and activities of the office of the town accountant, the office of the treasurer/tax collector, and the office of the board of assessors.
[Code of Bylaws, § 2-62; Bylaws
Art. 4 § 8, 11-12-1940; Bylaws
Art. 34, 5-3-2005]
The town manager in conformity with the provisions of Section
4-2 of the Millbury Town Charter shall appoint a director of municipal finance, to be known as the finance director, for a term of no less than three years and up to five years, and who shall serve until her or his successor is qualified to assume the responsibilities of the office. The finance director shall be responsible to the town manager for the faithful and proper management of the affairs and responsibilities of the department of financial management and shall serve ex officio as the town accountant in conformity with the requirements of M.G.L. ch. 41, §§ 55 through 61 et al. The finance director shall serve under the terms and conditions of an employment contract as authorized under the provisions of M.G.L. ch. 41, § 108N, subject to the requirements of Section
4-2(k) of the Millbury Town Charter, and may be removed from office for cause by the town manager, after a hearing. The finance director shall not hold any other office within the department of financial management during her/his tenure. The department of financial management, under the direction of the finance director, and supervision of the town manager, in conformity with all applicable laws, rules, regulations, and duly promulgated policies of the board of selectmen, shall be responsible for the following: (a) coordination of all financial services and activities of the town of Millbury, (b) maintenance of all accounting records and other financial statements, (c) payment of all obligations, (d) receipt of all funds due, (e) assistance to all town departments and offices in any matter related to financial affairs, (f) monitoring of the expenditure of all funds, including periodic reporting to appropriate agencies and officials on the status of accounts, (g) supervision of all purchases of goods, materials and supplies and maintenance of inventory controls, as authorized and delegated by the town manager, (h) supervision of all data processing facilities of the Millbury Town Hall and other municipal departments, and (i) any other matter relating to municipal finance as may be determined necessary or desirable as from time to time may be authorized by state statute, municipal bylaw, or directive of the town manager.
[Code of Bylaws, § 2-63; Bylaws
Art. 34, 5-3-2005]
(a) The
finance director, acting as the statutory town accountant, shall,
in addition to such matters as required by law, furnish in her/his
annual report a balance sheet showing the assets and liabilities of
the town and an analysis of the expenditures under each appropriation,
and a listing of the total amounts paid to each person and business
organization. She/he shall furnish such statements and reports regarding
financial transactions of the town as the town manager may request,
in a timely manner.
(b) The
finance director shall, in her/his annual report, in addition to such
matters as required by law, furnish a balance sheet showing the assets
and liabilities of the town and an analysis of the expenditures under
each appropriation and a listing of the total amounts paid to each
person and business organization. She/he shall furnish such statements
and reports regarding the financial transactions of the town as the
town manager may request. The finance director shall prepare a set
of comprehensive quarterly financial reports in conformity with the
standards of the Massachusetts Department of Revenue (DOR), the Governmental
Accounting Standards Board (GASB), and generally accepted accounting
standards to communicate the state of the town's financial activity.
The format of the quarterly financial report shall be approved in
advance by the town manager, after public consultation with the board
of selectmen.
The quarterly financial report shall include, but not be limited
to, the following components:
(1) Comparison of budget and actual - General fund;
(2) Three-year comparative report - General fund, summarized by category;
(3) General fund appropriation detail report;
(4) Schedule of available funds and expenditures - Special revenue and
enterprise funds; and
(5) Combined statement of revenues, expenditures, and changes in fund
balances.
The finance director shall prepare and submit a quarterly financial
report within 45 calendar days of the end of each quarter of the fiscal
year.
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(c) The
finance director shall provide the monthly financial statements and
reports required by the town manager and the board of selectmen for
the prudent and orderly financial management of the town. Monthly
and intermittent reports should contain the following information,
in addition to any additional information required by the town manager:
(1) Revenues anticipated and received during the month compared with
original expectations;
(2) Status of appropriations, allocations, and allotments during the
period, department by department, with comments as to the prospects
for the remainder of the year; and
(3) Pro forma forecast of fund and cash positions to the end of the fiscal
year.
The finance director shall submit copies of all required statements
and reports to the town manager, the board of selectmen and the finance
committee.
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[Code of Bylaws, § 2-64; Bylaws
Art. 4 § 5, 11-12-1940; Bylaws
Art. 34, 5-3-2005]
The town manager in conformity with the provisions of Section
4-2 of the Millbury Town Charter shall appoint a treasurer/tax collector, as authorized under the provisions of M.G.L. ch. 41, § 37 for a term of up to three years, and may be removed for cause by the town manager, upon the recommendation of the finance director, after a public hearing.
The treasurer/tax collector shall, in addition to such matters
as required by law, pay money from the town treasury only by bank
check and by authority of a warrant approved by the finance director
and the town manager.
She/he shall furnish to the town manager such statements regarding
town funds as requested by the town manager; and shall prepare and
submit to the town manager, for publication in the annual town report,
a statement of all the treasurer's receipts and expenditures, of any
balance on hand and a detail of the town debt.
The depreciation and trust funds of the town, unless otherwise
specified in the General Laws, shall be deposited at interest by the
treasurer/tax collector, with the approval of the finance director,
in one or more banking institutions under the supervision of the State
Bank Commissioner or whose deposits are insured by a federal agency.
These funds or portion thereof may be transferred by the treasurer/tax
collector with the approval of the town manager.
The treasurer/tax collector shall reconcile on a monthly basis
the financial records and accounts of the office of the treasurer/tax
collector with the records and accounts of the finance director, acting
as the ex officio town accountant, and all banking institutions in
which money and funds of the municipality are on deposit. The treasurer/tax
collector shall submit a written cash reconciliation report to the
town manager on a quarterly basis for all accounts of the treasury.
The treasurer/tax collector shall prepare a report, to be published
in the annual town report, of all the receipts and payments received
by the office of the treasurer/tax collector, including, but not limited
to, a statement of the balances in all the accounts of the town of
Millbury; and a detailed statement of all town debt showing when each
debt was issued, the amount due each year and the rate of interest
charged.
[Code of Bylaws, § 2-65; Bylaws
Art. 34, 5-3-2005]
The board of assessors shall be elected in conformity with the requirements of Section
3-10 of the Millbury Town Charter. The board of assessors shall have all the powers and duties authorized by M.G.L. ch. 41, §§ 24 through 30B, ch. 59, §§ 2 through 84 et al.; provided, that all full- and part-time assistant assessors and office assistants who are employees of the municipality shall be hired by the town manager in conformity with the requirements of Section
4-2(k) of the Millbury Town Charter. The board of assessors shall have the power to employ counsel in conformity with the requirements of M.G.L. ch. 41, § 26A, and may enter into contract for services necessary for the proper and timely discharge of the board's duties, subject to town meeting appropriation and the requirements of law and bylaw. The board of assessors shall annually make a fair cash valuation of all property, real and personal, subject to taxation within the town.
The board of assessors shall, in addition to such matters as
required by law, provide the public by December 31st annually with
a comprehensive report containing a complete and accurate list of
all taxable real and personal property, property exempt from taxation,
as well as all the statistics and available data used by the board
of assessors in the assessment of real property value used in the
establishment of a municipal real estate and personal property tax
rate for the municipal fiscal year commencing on July 1st of the same
calendar year. The report and related mapping information shall be
made available to the public during the hours of operation of the
office of the board of assessors. The board of assessors shall file
copies of the report with the town clerk and board of selectmen, and
further shall make it available to the public in printed or electronic
format at the office of the assessors.
[Code of Bylaws, § 2-66]
All full- and part-time assistant treasurer/tax collectors, assistant treasurers, assistant tax collectors, assistant town accountants, assistant assessors and office assistants of the offices of the department of financial management who are employees of the municipality shall be hired by the town manager in conformity with the requirements of Section
4-2(k) of the Millbury Town Charter, subject to town meeting appropriation. The town manager shall not hire an employee of the department of financial management prior to receiving the recommendation of the finance director. It shall be the responsibility of the finance director to consult with the board of assessors for a hiring within the office of the board of assessors, and with the treasurer/tax collector for a hiring within the office of the treasurer/tax collector.
[Code of Bylaws, § 2-67; Bylaws
Art. 34, 5-3-2005]
The town manager shall supervise the development of a comprehensive
set of written financial management and fiscal policies for review
and approval by the board of selectmen. The finance director, with
the assistance of the staff of the department of financial management,
the office of the town manager and the finance committee, shall be
responsible for drafting and developing the following policies, for
approval by the town manager, prior to review and approval by the
board of selectmen, within 18 months from the final approval date
of this section, and shall make annual recommendations by April 1st
of each subsequent year relative to the need to revise and amend the
following policies and the need to develop additional policies:
(a) The
following financial management policies should be developed:
(1) Reserve fund transfer approval policy;
(2) Spending in excess of appropriation policy;
(6) Stabilization fund(s) policy;
(9) Cash reconciliation policy;
(10) Financial accounting and reporting policy;
(b) The
following financial planning policies should be developed:
(1) Tax rate and tax levy growth policy;
(4) Use of stabilization fund management policy;
(5) Capital improvement program planning policy;
(6) Use fee revenue and rate-setting policy;
(7) Acceptance of gift policy;
(8) Sewer system capital improvement policy;
(9) Sewer betterment fee policy; and
(10) Annual budget preparation policy.
The town manager shall supervise the development of a comprehensive
set of written financial management procedures, standard operating
guidelines and job descriptions for the department of financial management
that shall govern the daily, monthly, quarterly and annual activities
and responsibilities of each of the three statutory financial management
offices within the department. The finance director, with the assistance
of the staff of the department of financial management and the office
of the town manager, shall be responsible for drafting and developing
the comprehensive set of written financial management procedures,
standard operating guidelines and job descriptions for the department
of financial management.
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[Code of Bylaws, § 2-68; Bylaws
Art. 34, 5-3-2005]
The records of the department of financial management shall
be audited by an independent agency or firm at least once annually.
The board of selectmen shall award contracts for and the terms
and conditions thereof for independent audit services, after receiving
the recommendation of the town manager; provided, that no independent
audit firm be awarded a contract for annual audit services which has
served as independent fee audit for the town of Millbury for six consecutive
years, unless such firm has not served as independent fee audit for
the town of Millbury for three consecutive years after the six-year
engagement with the town.
[Code of Bylaws, § 2-141; Bylaws
Art. 15 § 8, 10-18-1976; Bylaws Art. 55, 5-2-2006; Bylaws
Art. 37, 5-1-2007; Bylaws Art.
17, 6-7-2011]
A planning committee, to be known as the financial management
planning committee, which shall serve as the financial planning committee,
capital improvement committee and the capital budget planning committee
as authorized in the Millbury Town Charter, shall be established and
appointed by the town manager. It shall be composed of the finance
director, the school business manager, one representative of the school
committee appointed by or designated by it, one member of the board
of selectmen appointed by or designated by it, and three members to
be appointed by the town manager, all for three-year terms; however,
initial terms shall be staggered such that at least two members' terms
will expire each year. The town manager and superintendent of schools
shall not be appointed to this committee.
[Code of Bylaws, § 2-142; Bylaws
Art. 15 § 8, 10-18-1976; Bylaws Art. 55, 5-2-2006; Bylaws
Art. 37, 5-1-2007; Bylaws Art.
17, 6-7-2011]
All departments shall communicate annually, in writing, with
the financial management planning committee regarding their five-year
budgetary and capital needs. Each department shall submit to the financial
management planning committee an inventory of its assets. The financial
management planning committee shall submit annually to the town manager
and superintendent of schools a multiyear budgetary plan and capital
improvement program report in a format to be determined by the town
manager. The report shall include information relative to the municipality's
budgetary, buildings, capital equipment and technology needs, as well
as funding recommendations. Said report shall be completed by December
31st or at such time as directed by the town manager.