Financial Administration

• Compiles Operating and Five-Year Capital Improvement Plan (CIP) for the Town Manager's review.
• Implements renewal and procurement of the Town's and Education's insurance coverage in coordination with the Agent of Record and recommendations of the Insurance Advisory Committee.
• Prepares financing plan for funding capital projects
• Schedules bond issues in accordance with CIP and prepares Official statements for bond issuance
• Meets with rating agency’s to attain rating for bond sales
• Oversees and monitors Pension Investment manager

Financial Administration also includes:

-Purchasing
-Information Technology

Goals for 2012

• Retain GFOA Distinguished Budget Presentation Award and continue with improvements to the budget format
• Maintain Aaa and AAA ratings with Moody's and Standard & Poors, respectively.
• Implement pilot purchasing card program; plan for implementation of expanded purchasing card use by staff based upon review and results of pilot.
• Continue expansion of fiber optic network.
• Expand e-commerce functionality with all town departments for on-line payment capability and data lookup.
• Continue to implement consultant's procedural review recommendations.
• Continue coordination of "green initiatives."
• Continue Server Virtualization to reduce physical servers from 22 to 10 over five years.
• Complete implementation of software enhancements throughout organization.
• Evaluate multiple regional software applications as available and applicable.
  

Financial Administration
Town Hall, Second Level
2155 Main Street, PO Box 6523
Glastonbury, CT 06033-6523