The Town of Waterford Finance Office is responsible for tracking every dollar spent out of the general government and capital budgets. The office is composed of one position, the director of finance, currently held by Ruth Beers. The Board of Finance is a seven-member board of elected residents charged with setting the mill rate and allocations for the general town government and education budget. The current chairman on the board is Republican Ronald Fedor, and the group meets the second Wednesday of every month at 7 p.m. in the Town Hall.