Revenue Management

The revenue management program administers the Town’s treasury and revenue operations in accordance with established financial policies.

Program Goals

• Developing and implementing efficient and effective revenue planning, monitoring, and reporting systems which help ensure the Town’s long-term fiscal health.
• Protecting the Town’s cash assets from unauthorized use.

Program Activities

Business License & Taxes

Administering the business tax & license system, including annual renewals of all Town businesses.

Accounts receivable

Maintaining organization-wide accounts receivable system, including grant receipts and transient occupancy tax (TOT) collections.

Cashier and public counter

Providing public counter and cashiering services at Town Hall as well as accounting for all bank deposits.

Revenue forecasts and rate reviews

Preparing revenue forecasts and monitoring trends; reviewing user charges, and making recommendations to Council as appropriate.

Investments, banking services, and debt service

Managing the Town’s investment portfolio in accordance with the adopted policies and plans, including preparing cash flow projections, identifying appropriate investments and time frames, and allocating interest earnings among funds in accordance with generally accepted accounting principles; administering the Town’s banking services contract; coordinating project financings; and administering debt service obligation in accordance with bond covenants.