Finance Department

Overview

From preparing budgets to monitoring Borough budget expenditures, generating financial reports, managing purchase orders, assessing property values, and collecting taxes, Oradell's financial responsibilities are many. These functions are handled by the Finance Department, working in conjunction with the Tax Collector and Tax Assessor. Click on their links to learn about their roles and responsibilities and to access important information regarding property value assessments, property tax information, tax payment procedures, and more.

Oradell's Finance Department is the center for all financial transactions relating to tax collection, accounts payable, and payroll.

The Chief Financial Officer (CFO) / Treasurer oversees these functions, directs financial activities, and ensures accountability. As required by State law, the CFO is a Certified Municipal Finance Officer (CMFO). This position reports to the Borough Administrator. 

Financial reports are used by the Mayor and Council to set the Borough's long-term goals and objectives and to effectively and prudently manage Borough resources. As such, the Chief Financial Officer / Treasurer provides Borough officials with accurate and timely analysis of all financial information. The Chief Financial Officer / Treasurer also maintains custody of all local funds, controls debt management, plans the annual budget, disburses funds, and implements the cash management policy to maximize interest on investments.

Another key function of the Finance Department is accounting. The Accounting Clerk oversees daily processing of all purchase orders, while ensuring all Borough financial policies and procedures are properly followed. Among other things, this includes checking account balances, implementing payments of all approved purchase orders and/or vouchers, generating a monthly bill list, coordinating and synthesizing financial data for the monthly financial reports, and posting checks.

All utility bills are processed through the Accounting Clerk. The monies for all Trust Accounts and/or Developers are maintained by the Accounting Clerk.