Northville Township Finance Department

The Northville Township Finance Department is responsible for managing the financial resources of the township, ensuring transparency, accountability, and compliance with all applicable laws and regulations. The department plays a crucial role in supporting the delivery of essential services to residents and businesses by effectively planning, organizing, and controlling the township’s finances.

Key responsibilities of the Finance Department include:

• Budgeting: Developing and managing the annual budget, aligning expenditures with strategic goals and community needs. This involves forecasting revenues, allocating resources to various departments, and monitoring budget performance throughout the year. The department works closely with the Township Manager and other department heads to ensure a fiscally responsible budget is adopted and implemented.
• Accounting and Financial Reporting: Maintaining accurate and up-to-date financial records, preparing financial statements in accordance with Generally Accepted Accounting Principles (GAAP), and providing timely and reliable financial information to the Township Board of Trustees, residents, and other stakeholders. The department also coordinates annual audits to ensure financial integrity and compliance.
• Treasury Management: Managing the township's cash flow, investments, and debt. This includes optimizing investment returns while ensuring the safety and liquidity of funds. The department also oversees debt financing activities, such as issuing bonds for capital projects, and managing debt repayment schedules.
• Payroll: Processing payroll for all township employees, ensuring accurate and timely payments, and complying with all applicable payroll tax laws and regulations. This includes managing employee benefits programs and maintaining accurate employee records.
• Purchasing: Overseeing the township's purchasing activities, ensuring compliance with procurement policies and procedures, and obtaining goods and services at the best possible value. This involves soliciting bids from vendors, negotiating contracts, and managing vendor relationships.
• Risk Management: Identifying and mitigating financial risks, including insurance coverage, property loss prevention, and cybersecurity. This ensures the township's assets are protected and that appropriate measures are in place to minimize potential financial losses.

The Finance Department is committed to providing excellent customer service to residents and businesses. Staff members are available to answer questions about property taxes, assessments, and other financial matters. The department also provides online resources, such as financial reports and budget documents, to promote transparency and public engagement.

The department strives to maintain a high level of professionalism, integrity, and ethical conduct in all its activities. By effectively managing the township's finances, the Northville Township Finance Department contributes to the overall well-being and quality of life of the community.