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FINANCIAL POLICY MANUAL TOWN OF HATFIELD A COMMUNITY COMPACT CABINET INITIATIVE OCTOBER 2017PREPARED BY: DLS Technical Assistance Bureau 100 Cambridge Street, Boston, MA 02114 www.mass.gov/dlsChristopher
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01
Collect all relevant financial policies and procedures of the town.
02
Review and update the existing policies, if necessary.
03
Determine the appropriate format for the manual, such as a physical binder or an electronic document.
04
Create a table of contents that organizes the various policies and procedures.
05
Write a clear and concise introduction that explains the purpose and scope of the manual.
06
Divide the manual into sections based on different financial areas or topics.
07
Clearly state the policies and procedures for each section, including step-by-step instructions if applicable.
08
Ensure that all policies and procedures comply with relevant laws, regulations, and town policies.
09
Include any necessary forms, templates, or examples that support the policies and procedures.
10
Review the manual for accuracy, clarity, and completeness.
11
Obtain approval from the appropriate authorities, such as town officials or the finance department.
12
Distribute the manual to relevant personnel and provide training on how to use it properly.
13
Regularly update the manual to reflect any changes in laws, regulations, or town policies.

Who needs financial policy manual town?

01
Anyone involved in the financial management of a town, including town officials, finance department staff, and employees responsible for handling financial transactions.
02
It can also be beneficial for auditors, external consultants, or any other individuals who need to understand the town's financial policies and procedures.
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The financial policy manual town is a document outlining the guidelines and procedures for managing finances within a specific town or municipality.
The town treasurer or finance department is typically responsible for filing the financial policy manual town.
The financial policy manual town can be filled out by documenting the financial policies, procedures, and guidelines followed by the town in a systematic manner.
The purpose of the financial policy manual town is to ensure transparency, accountability, and efficiency in the management of town finances.
The financial policy manual town must include details on budgeting, accounting practices, investment strategies, debt management, and other financial policies of the town.
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