The Finance Department is responsible for all the financial accounting records and reporting of the Village. The Department accounts for all cash that flows into and out of the government. Any cash not immediately required to pay obligations is invested.

During the year Finance is also responsible for the collection of real estate transfer taxes, accountability and control of Village property and the administration and oversight of the various insurance related functions (i.e.-insurance coverage, claims processing and settlement, and risk management). Water and sewer utility billing is also administered by Finance. Water bills are sent out every month (commercial monthly, residents quarterly). Cash payments are processed daily.

At the end of each fiscal year Finance prepared for and works with the outside auditors who examine the Village accounts and various internal control systems that exist. Finance and the outside auditors collaborate in the production of the Comprehensive Annual Financial Report which details the financial status of the Village for the prior twelve months.

The front desk receptionist and switchboard duties also fall under Finance’s responsibility.

The Annual Budget is jointly prepared by the Finance and Executive Services departments. The police pension bookkeeping is performed by Finance. The acquisition of loans for major projects is a financial function along with establishing and maintaining relations with the various financial institutions that manage the Village's liquid assets and debt obligations.