Nancy Redmond Balsys

• Responsible for the maintenance of the general and subsidiary ledgers
• Created/approved journal entries, and inter-fund transfers in accordance with generally accepted accounting principles for the City
• Prepared financial statements and year-end reports for audit purposes.
• Performed internal audits as required.
• Assisted the Finance Director in establishing and maintaining policies and procedures and controls for custody of City funds to ensure security and proper utilization and reporting of funds.
• Assisted in the preparation of the annual operating and capital budget.
• Researched and analyzed financial data to ensure accuracy and integrity of data.
• Assumed duties of the Director of Finance in his/her absence.
• Managed day-to-day cash flow needs under the direction of the Finance Director, including direct management of Town investment vehicles.
• Performed bank account reconciliation and reconciles all accounts to the General Ledger.
• Communicated problems, issues, or concerns to the Finance Director as needed to facilitate resolution in an effective, efficient, and timely manner.
• Ensured financial practices follow Government Accepted Accounting Principles (GAAP), Government Accounting Standards Board (GASB), and the Governmental Accounting, Auditing, and Financial Reporting (GAAFR) guide.
• Provided backup and support to Assistant Finance Clerks with processing Payroll and Payables
• Acting Finance Director (March 1, 2022 - December 6, 2023)
• Led financial planning and analysis initiatives to enhance budgetary accuracy.
• Developed comprehensive reports for city council meetings to inform decision-making processes.
• Oversaw annual budget preparation, ensuring alignment with strategic objectives and compliance standards.
• Streamlined financial operations through implementation of advanced accounting software systems.

Maintain property records

• Update ProVal & Quality Data Services database
• Process COCs
• Process personnel property tax returns
• Assist in administering several exemption and rebate programs
• Assist taxpayers with their concerns and question

Evaluated property assessments to ensure compliance with local regulations and standards.

• Analyzed market trends to inform valuation processes and enhance decision-making strategies.
• Developed training materials for staff on assessment techniques and tools, fostering professional growth.

• Maintain property records
• Update ProVal & Quality Data Services database
• Process COCs
• Collect taxes

• Recorded accounts payable, journal entries, cash receipts, cash disbursements, maintained general ledger and prepared monthly financial statements
• Managed and maintained credit and collections activities
• Prepared, processed and reviewed payroll documentation
• Ensured compliance with applicable regulations (Federal, State, and local)
• Prepared and filed all necessary financial reports to appropriate State and Federal Agencies
• Bank reconciliations and cash management
• Managed the company's insurance policies (auto, liability, workers comp and health)
• Handled all human resource issues – new hire paperwork, workers comp claims, 401K, health insurance questions and enrollment and termination paperwork as well as bi-monthly payroll.
• Developed and maintained filing systems, improving information retrieval processes.

• Recorded accounts payable, journal entries, cash receipts, cash disbursements, maintained general ledger and prepared monthly financial statements
• Managed and maintained credit and collections activities
• Developed and maintain automated accounting systems
• Prepared, processed and reviewed payroll documentation
• Ensured compliance with applicable regulations (Federal, State, and local)
• Prepared and filed all necessary financial reports to appropriate State and Federal Agencies
• Accounted for and managed company assets & investments
• Prepared financial documentation and RFPs for annual audit and outsourced contracts
• Bank reconciliations and cash management
• Managed the company's insurance policies (auto, liability, workers comp and health)
• Fleet management including CT-DOT and US-DOT regulations
• Handled all human resource issues – new hire paperwork, workers comp claims, 401K, health insurance questions and enrollment and termination paperwork

• Responsible for managing corporate assets and investments
• Created and maintained policies for fiscal grant revenue and sub-contractor compliance
• Audited sub-contractor recipients and partners
• Recorded accounts payable, journal entries, cash receipts, cash disbursements, maintain general ledger and prepared monthly financial statements
• Accounted for and manage all grant activity (budgets, draw downs, reporting and requisitions)
• Developed and maintained automated accounting systems
• Prepared, processed and reviewed payroll
• Maintained and processed 401K documentation
• Ensured fiscal compliance with applicable regulations (Federal, State, and local)
• Prepared and filed all necessary financial reports to appropriate State and Federal Agencies
• Prepared financial documentation for grant applications
• Bank reconciliations

• Provided assistance in the development and ongoing analysis of the City's General Fund budget ($300 million) and long-range budget projections (3-year projection)
• Provided the City's senior management with cash flow and investment information and annual cash flow projections based on budgetary assumptions
• Provided technical assistance to the City's senior management in the issuance of bond anticipation notes and general obligation bonds
• Reviewed City's non-education grants and education grants for financial accuracy and compliance with cash management and reporting requirements
• Established project accounting controls for individual grants and contract award to various City departments and agencies
• Managed a staff of 15 and provided direction for monthly and annual financial system closing.
• Assisted in conversion of payroll from an in-house system to contracted payroll system (ADP).
• Trouble shot interface problems between the payroll system and the city's financial management system, including providing technical assistance to departments on the system's controls and operations
• Assisted in the development of a strategic technology plan to implement improvements that upgraded the financial management processes and controls of the City
• Provided technical assistance to other Finance Department staff on the implementation of new accounting standards within the City's financial system
• Developed and implemented streamlined accounting processes, enhancing operational efficiency and reducing errors.
• Supervised reconciliation of accounts, maintaining integrity of financial data across multiple departments.
• Provided strategic financial analysis to support budget development and resource allocation decisions.