The Finance Department is comprised of 57 employees. The department is responsible for the assessment of properties, maintenance of records and associated levy and collection of taxes, preparation and implementation of the annual budget and other appropriations, central treasury, fixed assets, purchasing functions, and fiscal activities. The department interacts extensively with other divisions and departments as well as the general public and other agencies.
The Finance Department is responsible for the assessment, levy and collections of taxes. This affects not only the general fund but also the non-areawide fund, the cities and the various service areas. Finance is also responsible for the filing of the State Shared Revenue application, Safe Communities resolution and the annual request for debt service reimbursement on school construction general obligation bonds. The Finance Department prepares the billings for the numerous grants the borough receives. Again, this revenue affects several funds. Also allocated to numerous funds, including the general fund, is the earnings received on the investments of the central treasury.
Certain functions or services performed by the Finance Department are rendered on behalf of other departments and divisions in other funds. In order to cover these costs, there is an annual interfund transfer from the affected funds to the general fund. Additionally, certain services are provided for those external to the organization. In those cases, an administrative fee may be charged to recoup some of the costs.
Phone: (907) 745-9629
|MSB Annual CAFR||A Comprehensive Annual Financial Report (CAFR) is a set of financial statements comprising the financial report of a state, municipal or other governmental entity and is mandated by state and federal statute. It is compiled by accounting staff and audited|
|FY 2017 Budget Documents & Presentations||These are the most current budget documents.|
The Accounting Division includes payroll, accounts payable, and all grant reporting. Accounting is also responsible for recording and accounting for all budget, expenditure and revenue transactions to the general ledger, as well as to the capital projects ledger. In addition, this division is responsible for preparing for the annual financial audit.
Phone: (907) 861-8639
Phone: (907) 861-8624
The Assessment Division is another large division with eighteen employees. This is a state-mandated function carried out by the borough. Also, by state statute, the division is responsible for maintaining accurate ownership records of all properties within the borough. This division provides the value conclusions on over 63,000 properties within and throughout the geographical boundaries of the borough. The Assessment Division also administers state mandated exemption programs and optional borough exemptions. As can be expected, a great amount of time is spent answering the inquiries of the public.
Phone: (907) 861-8642
Revenue and Budget
The Revenue and Budget Division consists of eleven employees. It is responsible for all billing and collection of taxes, solid waste fees, land sales/leases, registrations, business licenses, special assessments, and other miscellaneous receivables and fees that the borough assesses or charges. The division is responsible for compiling the annual budget. The division is also responsible for recording and accounting for all budget transactions to the general ledger. Additionally, included in this division is responsibility for the formation of Local Improvement Districts (LIDs). Also, the foreclosure of properties due to nonpayment of taxes and LIDs is a duty of this division as is the monitoring of those individuals or corporations in bankruptcy status. A large portion of time in this division is devoted to answering the inquiries of the public.
Phone: (907) 745-9568