March 31, 2023


Moving Forward

Wellfleet needs to steady its financial future. It could take years.

WELLFLEET — After three years of inaccurate and incomplete financial reporting, the state Division of Local Services gave Select Board and Finance Committee members tough recommendations at a joint meeting Tuesday night.  

Hiring a finance director and consolidating the town’s financial operations is paramount, according to state Senior Project Manager Marcia Bohinc. 

A 90-minute presentation by Bohinc, Bureau Chief Zack Blake and Bureau of Accounts Chief Deb Wagner laid out the findings of a 37-page report created at the request of the select board. The division gave 20 recommendations for improving the town’s finance department, instituting financial planning procedures and improving overall financial operations.  

The recommendations are both basic and expensive, and instituting them and improving the financial well-being of the town will take years, not months, according to Blake. 

Wellfleet Town Hall, in a 2009 photo

Besides hiring a finance director, the report’s recommendations include implementing standard financial reporting, developing a financial plan and decreasing reliance on debt exclusions to pay for capital financing. It recommended the town create a procedures manual and reconcile the cash book to the general ledger on a routine basis.