The Accounting Division maintains the Town's general ledger system, as well as the Accounts Payable and Accounts Receivable/Miscellaneous Billing functions in accordance with the NC Local Government Budget and Fiscal Control Act. This division ensures that all accounting and reporting systems are in compliance with generally accepted accounting principles. The division also coordinates audit services, monitors banking and investments, provides grant financial assistance, and prepares the Annual Comprehensive Financial Report.
N.C. Local Government Budget and Fiscal Control Act requires each unit of local government in North Carolina to have its accounts audited annually by an independent certified public accountant certified by the local government commission as qualified to audit local government accounts. The Town's independent auditors are Potter & Company, P.A., in Mooresville.