The Accounting and Finance Department for the Town of Middlebury is responsible for all fiscal activities relating to the Town, establishing proper accounting, reporting and control systems for revenues and expenditures of the Town. Detailed financial reports reflecting revenues and expenditures throughout the fiscal year are perpared and forwarded to all the various departments to allow for careful monitoring of the adopted budget. Financial Statement information is compiled into a year end report that is reviewed by external auditors culminating in the Annual Audited Financial report.

The Town of Middlebury has received the Certificate of Achievement for Excellence in Financial Reporting for fiscal years 2003, 2004 and 2005.

The Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement systems whose Comprehensive Annual Financial Reports (CAFRS) achieve the highest standards in government accounting and financial reporting.