Finance Department

Office Responsibility

The Department of Finance consists of the offices of Director of Finance, Accounting, Assessor, Clerk and Collector/Treasurer. The department is responsible for complying with a myriad of municipal finance laws and regulations as well as meeting the financial reporting requirements of the federal and state governments. These financial controls are essential in order to properly safeguard taxpayer dollars. Services provided, but not limited to financial status reports, cash management, debt management, investments, property valuation assessments, property tax and utility billing, collection activities, audit review, internal financial controls, payroll, elections, beach and disposal stickers, dog and shellfish licenses and a number of other licenses and activities.
 

• Finance Department doing more with less - Staff Reductions since 2008
• First in the State to set tax rate three years in a row -- Reasons this is important
• Massachusetts Dept. of Revenue 2011 Financial Management Review for Yarmouth
• Mass DOR 2011 FMR Recommendations Status
• Mass DOR 2011 FMR Recommendations Detail from Cape Cod Times 3/9/2016 Article on Tax Collections
• Standard & Poors 2014 Rating - Dramatic Two Notch Increase
• Workload: Personal Property Parcels Assessed, Billed & Collected -Yarmouth 4th most in the State out of 351 municipalities - reason, no personal property exemption
• Workload: Total Parcels Assessed, Billed & Collected - Yarmouth 14th most in the State out of 351 municipalities
• Workload: Motor Vehicles Billed and Collected - Yarmouth 63rd most in the State
• Town of Yarmouth Financial Management Policies Adopted 12/01/2015
• OPEB Retiree Health Insurance Liability Dramatic decrease to $17.6 Million as of 6/30/2016 based on Selectmen policies 
• OPEB Retiree Health Insurance Liability $28 Million as of 6/30/2014 -- see Financial Management policies, the Town has a funding plan
• Town of Yarmouth Retirement Liability as of 12/31/2016 is $49 Million.  Yearly funding is addressing the liability - Yarmouth Summary Page 26
• Audit Fiscal Year 2018
• Audit Fiscal Year 2017
• Audit Fiscal Year 2016
• Audit Fiscal Year 2015
• Audit Fiscal Year 2014