The Treasurer is the Chief Fiscal Officer of the Village and is responsible for maintaining custody of all funds and accounts as well as the financial operations budgets totaling over $9 million.
The Treasurer's Office is comprised of accounting, tax collecting and utility billing. The department is responsible for maintaining the Village's financial assets and investments, as well as overseeing tax collection, water/sewer billing, and payroll. The department provides a number of finance-related services including:
- Preparation of the annual budget for the General Operating Fund, Water Fund, and Sewer Fund
- Annual reporting to the NY State Comptroller's Office
- Facilitation of the annual independent audit
- Budget oversight
- Processing of accounts payable and accounts receivable
- All HR related functions
Budget and Financial Information
The Village of Saranac Lake annually develops three separate budgets.
- General Operating Budget
- Sewer Budget
- Water Budget
The General Operating Budget supports all Village departments, excluding Water and Sewer. It is primarily funded through the collection of property taxes.
The Water and Sewer Budgets are funded through the collection of water and sewer rents. Rents are collected through quarterly water and sewer billing. Property taxes are not used to support the Water and Sewer Budgets.