Finance

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MISSION

The Finance Department is committed to provide accurate, clear, and timely financial information and services to the various town departments as being part of a well-run, fiscally strong organization. Following General Accepted Accounting Principles in order to keep the elected officials as well as the community as a whole well informed on the financial standing of the Town, this group of professionals is devoted to excellence and to integrity as they provide quality customer service to its constituency.

DUTIES

The Finance Department daily responsibilities include the processing of payrolls, the payment of vendor bills, the day-to-day maintenance of the general ledgers of the various funds of the Town,  the processing of non-tax revenue, and the cash management of the Town funds. Other areas of responsibilities are budgeting, financial planning, financial report preparation, pre-audit of all cash disbursements, the issuance of debt with general obligations bonds, maintaining the Town and School Capital Improvement Program, the administration of the Town’s property, casualty, and liability insurance program, and the supervision of the Town’s annual independent financial audit. The Director of Finance, who serves as the Chief Financial Officer, manages the department.

The Town yearly issues a Comprehensive Annual Financial Report (CAFR) for the fiscal year ending June 30th on its financial standing.  For the last 19 consecutive years, the Finance Department has received from the Government Finance Officers Association (GFOA) the Certificate of Achievement for Excellence in Financial Reporting for its CAFR.  This award symbolizes that the Town publishes a readable and well organized financial report that satisfies accounting principles accepted in the United States, applicable legal requirements, and certain criteria established by the GFOA.

Rocky Hill Financial Facts

Population (as of 07/01/14)   20,021
School Enrollment (as of 10/1/2016)   2,623
Mill Rate (Budget Year 2017-18)   31.6 mills
Net Grand List October 2016   $2,061,647,020
Credit Rating   AA+ Stable - Standard & Poors
Debt as of 6/30/2016   $25.9 million of 
    General Obligations Bonds Outstanding

Adopted Budget 2017-18

 

Revenues                                           Amount                                     % of Total 
Total  $74,259,993  
                                    
Tax Revenue  $6,822,338                       88%
Intergovernmental           $6,822,338                         9%
Various Town Revenue     $1,818,931                         3%

 

Expenditures    Amount                                       % of Total
Total           $74,259,993   
     
Town Operating w/ Capital       $29,418,445                              40%
Education w/ Capital    $41,874,976                              56%
Debt       $2,966,572                                4%

 


 
  
  
  
  
  
  
  
  
  
  
  
  
 
 
 


Contact Information

Rocky_Hill_Seal_Small2    Town of Rocky Hill
     761 Old Main St.
     Rocky Hill, CT 

John Mehr, Director of Finance

EMAIL:      jmehr@rockyhillct.gov
PHONE: 860-258-2720

Mona McKim, Treasurer/Acct. Manager

EMAIL:    mmckim@rockyhillct.gov 
PHONE: 860-258-7711
   
FAX:  860-258-7638
HOURS:     Monday - Friday
  8:30am - 4:30pm


     

   

         

   
                    



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