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FINANCE
The Finance Department of the Village of Swanton plays a crucial role in maintaining the village's fiscal health and ensuring transparency in financial operations. This department is responsible for budgeting, managing revenues and expenditures, processing payroll, and overseeing financial reporting. Through careful planning and monitoring, the Finance Department ensures that public funds are used efficiently and effectively to support essential services and long-term community growth. The department is dedicated to promoting accountability and supporting the village's mission of providing high-quality services to its residents.
BUDGET
Budget Formulation Process
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Quarterly Review:
Fiscal Officers meet with Division Heads quarterly to review appropriations and revenue. -
Preliminary Budget (September/October):
A preliminary budget is prepared and presented to the Finance Committee by September/October each year. -
Temporary Budget (December):
A temporary budget is approved by the end of the calendar year, no later than December 31. -
Final Appropriations (March):
Final appropriations, which outline the approved spending by the Council, must be submitted to the State of Ohio by March 31. -
Budget Formulation Timeline:
The budget process begins in the summer, leading up to the March 31 deadline for final submission.