Treasurer

Mission Statement

To manage and report on the Town of Sterling’s finances with the highest standards of transparency, accuracy, and accountability—ensuring the best possible financial outcomes for our residents.

Role of the Treasurer

The Treasurer is responsible for overseeing the financial health of the Town of Sterling. This includes managing municipal funds, maintaining accurate financial records, and ensuring compliance with state and federal reporting requirements.

Working closely with auditors, the Treasurer helps prepare the Town’s annual financial statements and implements recommendations to strengthen internal controls and recordkeeping practices.

Key Responsibilities

  • Financial Management:
    Monitor all town revenue and expenditures to ensure efficient cash flow. Deposits are made into the highest-yielding accounts allowed by law, while payments are strategically timed to maximize available funds.

  • Long-Term Planning & Projects:
    For significant capital projects—such as school construction or infrastructure improvements—the Treasurer collaborates with the First Selectman and financial institutions to secure favorable financing and manage debt responsibly.

  • Reporting & Transparency:
    The Treasurer communicates the Town’s financial status to a variety of stakeholders, including:

    • Residents and taxpayers

    • State and federal agencies

    • Municipal boards and commissions

    • Bond rating agencies and financial institutions

Commitment to Excellence

The Treasurer's office is committed to responsible stewardship of public funds, maintaining Sterling’s financial stability, and supporting the long-term economic health of our community.

Treasurer's Office – Frequently Asked Questions (FAQ)

1. What does the Town Treasurer do?

The Treasurer manages the Town’s finances, including investments, cash flow, debt management, and financial reporting. The office ensures that public funds are handled responsibly and in compliance with state and federal laws.

2. How is the Town’s money invested?

Funds are deposited into accounts that offer the best interest rates permitted under Connecticut law. The goal is to maximize earnings on idle cash while ensuring the safety and liquidity of town funds.

3. Who prepares the Town’s financial statements?

The Treasurer works closely with external auditors to prepare the annual financial statements. These are reviewed to ensure accuracy and used to guide improvements in financial management and recordkeeping.

4. What role does the Treasurer play in large town projects like school construction?

For major capital projects, the Treasurer collaborates with the First Selectman and financial institutions to secure funding—often through bond financing—at the most favorable interest rates available.

5. Where can I find the Town’s financial reports?

Annual financial statements and related documents are available upon request through the Treasurer’s Office and may also be posted online in the Town’s Document Center or Finance section.

6. How does the Treasurer’s Office promote financial transparency?

By maintaining detailed records, working with auditors, and providing clear financial updates to residents, government agencies, and other stakeholders, the Treasurer’s Office ensures public accountability.

7. How do I contact the Treasurer’s Office?

You can reach the Treasurer’s Office by phone, email, or by visiting Town Hall during regular business hours. Contact information can be found on the Town’s Contact Us page.