Treasurer's Office

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:

• Depositing all funds received promptly to city accounts
• Reporting all cash transactions to the Auditor
• Reconciling the Treasurer’s cash balances with the bank statements and general ledger on a monthly basis
• Investing cash and trust fund assets into legally allowed investments, securing the best possible safe yield
• Managing short and long-term borrowing
• Disbursing municipal funds to meet obligations
• Filing with state and federal agencies all payroll related tax returns
• Providing employees and vendors with tax information in a timely and accurate manner