Finance

The Township of Hanover’s Finance Department, under the direction of the Certified Municipal Financial Officer (CMFO), oversees the township’s financial operations.

Duties & Responsibilities

The Finance Department establishes and maintains a general accounting system for the Township government and each of its departments. In doing so, it is responsible for the disbursement of all monies and controls all expenditures to ensure that budget appropriations are not exceeded.

Additional duties and responsibilities include the following:

• Develops financial policies for recommendation to the Township Committee
• Preparation of the annual budget
• Prepares annual financial statements and annual debt statement
• Process all tax and sewer payments
• Provides the Township Committee with monthly statements of all receipts and disbursements
• Safeguards the Township’s financial interests and investments to the fullest extent

Qualified Purchasing Agent

The Finance Department works closely with the Qualified Purchasing Agent who:

• Advertises for bids
• Is responsible for the acquisition of all materials, supplies, equipment and construction needed by the Township and on the most advantageous terms resulting from competitive bidding
• Maintains records of purchases and deliveries
• Performs all duties in accordance with the Public Contracts Law and Regulations thereof
• Presides at bid openings