Treasurer

The Treasurer receives and disburses City funds, negotiates borrowing, and acts as custodian for City monies as prescribed by the Commonwealth of Massachusetts and by the Charter and Ordinances of the City of Salem.

The Treasurer’s Department pays over the City’s Payroll and Accounts Payable, distributes annual W-2 forms to employees, and prepares and submits quarterly employment tax forms to the State and Federal governments.

The Treasurer undertakes continual maintenance of the City’s operating and investment funds and undertakes a monthly reconciliation of the City’s Bank, Cash and Revenue Accounts. The Department accounts for Capital Projects as undertaken.

The Department is also responsible for accounts and properties in the Tax Title process, and for the public auction or disposition of foreclosed properties.