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Town Treasurer

Town Treasurer

Appointed/Elected

Duties of Position:    The town treasurer is responsible for the custody, deposit, and disbursement of town funds in compliance with detailed statutory standards. The treasurer submits books, vouchers and statements to the select board and to the town auditors whenever requested. With the approval of the select board, the treasurer appoints a deputy, who shall be sworn and who shall perform the duties of the treasurer in the treasurers absence. The treasurer may delegate deposit, investment, recordkeeping or reconciliation functions to other town officials or employees provided such delegation is in writing and includes written procedures acceptable to the select board or town manager. The treasurer invests excess funds in accordance with the select board’s investment policy. The treasurer pays out town money on orders of the select board, with certain exceptions which allow other entities to request funds.

Responsibilities:    Manage town funds and uphold their fiduciary duty to the town. Keep adequate records of all transactions. Review and authorize accounts payable and payroll,and engage in sound investment strategies.

Appointing Authority:   The town treasurer is either elected by ballot vote at annual meeting or appointed by the select board according to RSA 669:17-d.

Term of Office:     Either a one or a three-year term as decided by the town at town meeting.

Time Commitment:    The position of town treasurer would likely be a part-time position but could require full-time hours depending on the size and needs of the town. Town treasurer’s compensation is determined by the annual meeting or set by the select board, if appointed.

Qualifications:     Eligible candidates include adults over the age of 18 who are U.S. Citizens and who reside in the town and are registered voters. They should have an accounting, banking or finance background and prior interest in municipal operations.

Support Provided:    The town may pay for attendance at training programs provided by the New Hampshire Government Finance Officers Association and the New Hampshire Municipal Association.