About Finance & Accounting
The Accounting Department is responsible for the record keeping of all financial transactions of the Town. The Department processes all invoices, warrants, receipts, payroll, journal entries and ledgers. All invoices and payrolls are examined to determine that the charges are correct, that all materials have been received or services rendered, and funds have been appropriated and are available prior to payment.
The Department works closely with external auditors to assist them with both the annual financial audit and the federal single audit.
The main goal of the accounting staff is to protect the assets of the taxpayers and to that end they ensure the accuracy, completeness and relevancy of each expense.
The Town Accountant is the custodian of all contracts; preparer of financial, statistical and operational reports for local, state and federal purposes. They work closely with the Treasurer/Collector on relations with bond-rating agencies, issuance of bonds and reconciliation of receivables and cash. Additionally the Town Accountant works with the Assessor to prepare the annual Tax Recap which ensures a balanced budget and sets the annual real estate tax rate.
The Town Accountant also serves on the Norwood Retirement Board and is the Clerk to the Finance Commission, whose main mission is the preparation and monitoring of the annual budget.