DEPARTMENTS
Finance Department
Finance Director:
Sam Karr
Phone: 828-625-9983 ext. 102
Fax: 828-625-8371
Email: FinDir@TownofLakeLure.com
The finance director oversees the financial record keeping of the town and ensures the maintenance of a central accounting system for the Town government in a manner consistent with established and accepted municipal accounting principles and practices. The finance director is also responsible for the preparation and monitoring of the annual budget. The Town of Lake Lure operates on a fiscal year accounting system beginning July 1st through June 30th.
The finance department is responsible for administrating the town’s financial operations including: accounting and financial reporting, purchasing and inventory management, permits and fees collection, tax collection, information technology services, and utility billing and collections.
The town’s operations are carried on through its general fund and two enterprise funds: the water and sewer fund and the hydroelectric fund. In addition, in 1998 the board of commissioners (town council) established a capital reserve fund for general fund projects. The town’s annual budget is available by clicking the following link:
The finance director authorizes purchases and controls all disbursements of the town’s funds. In addition, the finance director serves as the town’s risk manager and is responsible for the protection of the assets of the town against losses, which may adversely affect its operation and continuity of services.
The finance department office is located in the municipal center/town hall. Office hours are 8:30 AM to 4:30 PM, Monday through Friday.
