What We Do
The Town of New Canaan serves a population of about 20,500 with approximately 930 Town and School District employees. The Town spends approximately $165 million annually to provide a full range of public services and has a restricted and unrestricted investment portfolio in excess of $199 million.
Town of New Canaan is committed to prudent use of taxpayers’ money. Fulfilling this commitment is primarily the responsibility of the Finance Department. The employees of the Finance Department are accountable for all aspects of the Town’s financial management including property tax assessment and collection.
To fulfill its responsibilities, the Finance Department plays a key role in every financial transaction of the Town. Services provided by the department include developing and administering the Town-wide budget, fiscal oversight, accounting, accounts payable and receivable, managing fixed assets, revenue collection, financial reporting, debt management, cash handling, investments, debt management and purchasing. The Finance Department ensures the adherence to all provisions of the Town Charter, Government Accounting Standards Board (GASB) and Generally Accepted Accounting Principles (GAAP).
The Town of New Canaan issues bonds to finance projects like roads, bridges, and public buildings. The Town of New Canaan typically issues bonds at least once each year. A debt management policy prescribes when and how the Town may borrow money through the issuance of bonds and temporary notes. The Board of Finance has implemented debt issuance guidelines to manage the Town’s overall indebtedness.
Town of New Canaan's sound financial management has been recognized by Moody's Investor Service with a rating of AAA, the highest rating given.
Working with the Board of Finance and the Audit Committee, the Finance Department is responsible for the annual statutorily mandated independent audit report. The Finance Department also prepares monthly financial reports on the fiscal condition of the Town in relation to the budget, acts as a liaison to all departments and financial institutions on matters relating to Town financial business. The Town’s financial reports have been recognized the Government Finance Officers Association as having achieved excellence in financial reporting.
Main Number 203-594-3022
Fax Number 203-594-3122
Monday - Friday 8:00am - 4:00pm
Lunda Asmani, CFO
Joanne Noone, Comptroller
Beth Straubel, Staff Accountant AP/AR
Bob Vredenburgh, Accountant
Evelyn Martinez, Staff Accountant
Joshua Kaufman, Financial Analyst
Town Hall, 2nd Floor
77 Main Street
New Canaan, CT 06840