Mission: To manage the city’s cash flow and debt level.
Activities: The City of Marlborough processes more than $300 million in cash transactions annually, including 70,000 payroll and 30,000 vendor transactions. The city utilizes both long-term and short-term borrowing to fund its capital improvement activities. Activities include the following:
w Depositing all funds received promptly to city accounts;
w Reporting all cash transactions to the Auditor;
w Reconciling the Treasurer’s cash balances with the bank statements and general ledger on a monthly basis;
w Investing cash and Trust Fund assets into legally allowed investments, securing the best possible, safe yield;
w Managing short and long-term borrowing;
w Disbursing municipal funds to meet obligations;
w Filing with state and federal agencies all payroll related tax returns;
w Providing employees and vendors with tax information in a timely and accurate manner.
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