The Finance Department is responsible for the financial planning, policy development and administration of the Town's financial activities and personnel. 

The Finance Department consist of:

• Finance and Accounting 
• Issuing Utility and Tax Billings and Collection 
• Accounts Payable 
• Customer Service 

The Finance Director reports to the Town Manager and oversees all Finance Department programs. 

Major areas of responsibility include financial administration and planning, accounting, payroll, utility billing and collection, budget preparation and adherence and treasury management. Other duties of the department include processing accounts payable transactions for all Town programs, producing monthly and annual financial statements, administering the Town's cash management and investment programs, coordinating the purchase of capital assets, processing other revenue sources, invoicing miscellaneous receivables and maintaining records of the Town's capital assets. 

The finance department strives to provide a pleasant and safe work environment, while providing timely, accurate and meaningful data. 

Budget Ordinances

The Town is required to budget and spend money in accordance with the Local Government Budget and Fiscal Control Act (LGBFCA). Revenues and expenditures for the provision of general services are authorized in the annual budget ordinance. Revenues and expenditures for capital projects or the projects financed with grant proceeds are authorized in the annual budget ordinance.  The LGBFCA defines the annual budget as “a proposed plan for raising and spending money for specified programs, functions, activities, or objectives during a fiscal year. Town Council review the budget and enact it into law by adopting the annual budget ordinance. The fiscal year of operation is July 1 through June 30.

For more details on the budget process, CLICK HERE to visit the Budget Information page. 

To view any proposed, current, or previous year Budget, select the Fiscal Year below:

Accounting, Auditing & Fiscal Reporting

The Town is required to maintain the accounting system in accordance with generally accepted accounting principles (GAAP). The town also follows the standards of the Government Accounting Standards Board (GASB) principles.  In addition, the town complies with the rules and regulations of the North Carolina Local Government Commission (LGC).

The Town's Monthly Financial Reports are included in the Agenda Packet for each month's regular Town Council meeting. You can view previous and upcoming Town Council meetings, with links to the Agenda Packet, on the Meeting Agendas, Minutes, & Video page at www.OakIslandNC.gov/MEETINGS.

The Town has an annual audit of accounts which is conducted and presented by an independent auditing firm certified by the LGC.  Upon completion, the audit is presented and accepted by the Town Council in a regularly scheduled meeting.

To view the current or previous years Audit Reports, select the Fiscal Year below:

Fee Schedule 

The Town adopts a Fee Schedule each year during the budget process. Click the links below to view the current and previous years' Fee Schedules.

Online Payment 

The Town of Oak Island is committed to providing residents with efficient, convenient service, by providing online payment options for taxes and utility bills. Payment and billing history information can be found on the Online Payment page at OakIslandNC.gov/PAYMENT or by clicking the link below:

CLICK HERE to Make Online Payments

Archived Information

To view previous year Budgets, Audit Reports, or Fee Schedules, select the Fiscal Year below:

Contact the Department 

For assistance with any of the information listed, please contact the Department by calling 910-201-8001, or using the direct staff information or Contact Form provided below.  

CUSTOMER SERVICE CONTACT FORM (utility connection & billing, tax information, financial payments)