Edison Township Finance Department: Stewards of Fiscal Responsibility

The Edison Township Finance Department plays a vital, albeit often unseen, role in the smooth operation of municipal government. Responsible for managing the township's financial resources, the department ensures fiscal stability, transparency, and compliance with all applicable laws and regulations. This crucial function allows Edison to effectively deliver essential services to its residents and businesses.

At the heart of the department's operations lies the management of the township's budget. This involves a collaborative effort, starting with careful estimation of revenues from sources like property taxes, state aid, and fees. Department heads submit budget requests, which are then meticulously reviewed by the Finance Department to ensure alignment with the township's strategic goals and available funding. The proposed budget is then presented to the Township Council for review, amendment, and ultimate adoption. This rigorous process guarantees that taxpayer dollars are allocated wisely and efficiently.

Beyond budgeting, the Finance Department oversees a wide array of financial functions. These include accounts payable, processing vendor invoices and ensuring timely payments. They also manage accounts receivable, collecting revenues due to the township. Payroll administration, including the accurate and timely disbursement of salaries and wages to township employees, falls under their purview. The department meticulously maintains the township's general ledger, providing a comprehensive record of all financial transactions.

A key responsibility of the Finance Department is prudent cash management. They actively monitor cash flow, ensuring sufficient funds are available to meet the township's obligations. The department also invests surplus funds in accordance with state regulations, maximizing returns while minimizing risk. This proactive approach allows the township to generate additional revenue and reduce the burden on taxpayers.

Transparency and accountability are paramount to the Finance Department's mission. They prepare and publish comprehensive annual financial reports (CAFR), providing a detailed overview of the township's financial performance. These reports are audited by independent certified public accountants, further ensuring the accuracy and reliability of the information. The department also works diligently to comply with all state and federal reporting requirements.

The Edison Township Finance Department is committed to providing exceptional service to its residents and other stakeholders. They strive to be accessible and responsive, answering inquiries and providing information in a clear and concise manner. By upholding the highest standards of financial management, the department contributes significantly to the overall well-being and prosperity of the Edison community.