Finance provides quality financial planning and management of the County. It maintains effective control over the County's financial activities and provides accurate fiscal reporting to all County agencies and departments in a timely manner.
The department prepares an annual draft document for the Board of Supervisor in accordance with the requirements set forth in the Code of Virginia. The process usually begins in December, when the request is sent to County departments and community organizations. These requests are compiled and entered by each department.
The Director of Finance works closely with the County Administrator in providing the most equitable funding to all departments and organizations. The working document is presented to the Board and work session is scheduled.
The department oversees the annual audit and the preparation of the resulting document, the Comprehensive Annual Financial Report (CAFR). The audit takes place after the accrual process and the close of the fiscal year.
The general ledger is the backbone of the County's financial operation. It is maintained on a modified accrual basis of accounting for each fiscal year (July 1 through June 30) Currently, the department maintain subsidiary funds, then general fixed asset accounts group and the funds accountability, which summarizes the subsidiary funds.
- Agency Funds
- Capital Projects Fund
- Debt Service Funds
- General Fund
- Special Revenue Funds
The department is responsible for the County's formal and small purchasing process of good and services. The department is governed by the Virginia Public Procurement Act (VPPA) and the County's local ordinance. The goal of the department in public purchasing is to provide necessary goods and services at the most competitive prices. That is, to provide the citizens with the maximum value for the tax dollar.