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Finance Department

Finance Director & Assistant Director of Human Resources

Nicholas MacDonald

Nicholas MacDonald, Finance Director & Assistant Director of HR

17 Stackpole Dr. 
P.O. Box 418
Machias, Maine 04654

Monday through Friday
8:30 a.m. to 5:00 p.m.

Phone: 207-255-6621 

Email: financedirector@machiasme.gov 

The Finance Department and Human Resources Office supports the fiscal operations and personnel administration of the Town of Machias. Under the leadership of the Finance Director and Assistant HR Director, the department is responsible for budget preparation & coordination, payroll processing, grant management, financial reporting, vendor relations, audit coordination, and account reconciliation. 

While the Town Manager serves as Director of Human Resources, the department also assist with onboarding, personnel management, and policy implementation. In collaboration with Town leadership, the Finance Department plays a key role in long-term financial planning, capital project development, and community revitalization efforts,  ensuring transparency, accountability, and sustainable growth for the Machias community.

Finance Forms
– Vendor Information Form

 

Budget and Financial Documents

Human Resource Information

 

 

Schedule of Long-Term Debt

Year Ended June 30, 2026  ·  GASB Statement No. 34
Changes in Long-Term Debt
Description Rate Maturity Bal. 7/1/25 New Oblig. Prin. Retired Bal. 6/30/26 Due <1 Yr
Governmental Activities
Road Paving Note 2.49% Dec 2026 $50,907 — $25,112 $25,795 $25,795
Public Safety Building Note 2.49% Dec 2026 $44,075 — $21,742 $22,333 $22,333
Dump Body Vehicle Note 5.21% May 2027 $41,012 — $19,977 $21,035 $21,035
Public Works Trucks Note 5.40% Jan 2030 $530,000 — $93,268 $436,732 $92,618
Ford F-350 Vehicle Note 4.23% Oct 2030 — $54,127 — $54,127 $9,937
School Building Renovation Note TBD FY2027 $40,650 — $20,325 $20,325 $20,325
Ambulance Vehicle Note [c] 5.40% Jun 2026 $176,300 — $176,300 $0 $0
Governmental Activities Total   $882,944 $54,127 $356,724 $580,347 $192,043
Business-Type Activities — Sewer Enterprise Fund
MMBB Sewer Rehabilitation Bond [b] 1.40% Apr 2029 $75,476 — $18,478 $56,998 $18,736
USDA Rural Development Bond [b] 2.25% 2042 $305,969 — $15,000 $290,969 $15,324
MMBB Sewer Rehabilitation Bond #2 [b] 1.00% Oct 2039 $371,237 — $23,063 $348,174 $23,293
Business-Type Activities Total   $752,682 — $56,541 $696,141 $57,353
Grand Total — All Long-Term Debt   $1,635,626 $54,127 $413,265 $1,276,488 $249,396
Short-Term Obligations
Description Rate Maturity Bal. 7/1/25 Issued Retired Bal. 6/30/26
Tax Anticipation Note [a] 4.27% Jun 30, 2026 $0 $314,152 $0 $314,152
Total Short-Term Obligations   $0 $314,152 $0 $314,152
Future Annual Debt Service Requirements to Maturity
Fiscal Year Principal Interest Total
FY2027 $249,396 $44,452 $293,848
FY2028 $177,263 $28,599 $205,862
FY2029 $184,408 $21,492 $205,900
FY2030 $172,376 $13,056 $185,432
FY2031 $52,662 $5,511 $58,173
Thereafter $440,383 $27,216 $467,599
Total $1,276,488 $140,326 $1,416,814
“Thereafter” represents the aggregate of all principal and interest obligations due in years beyond FY2031, through the final maturity of each obligation. The sewer bonds (USDA Rural Development Bond maturing 2042 and MMBB Sewer Rehabilitation Bond #2 maturing October 2039) account for substantially all of the amount shown.

[a] Tax Anticipation Note (MSB #8371), $314,152, issued December 2025, matured June 30, 2026. This obligation is classified as a current liability and is excluded from the long-term debt roll-forward above. The proposed FY2027 budget includes an appropriation from unassigned fund balance to retire this obligation in full, subject to Town Meeting approval.

[b] Sewer bond balances per Maine Municipal Bond Bank amortization schedules. USDA Rural Development Bond amounts are estimated based on servicer schedule and subject to servicer confirmation. MMBB Sewer Rehabilitation Bond (2007FS) balance of $56,998 matures April 2029.

[c] Ambulance Vehicle Note (MSB #4400) was retired in full during FY2026 by vote of the Selectboard. All long-term debt was authorized pursuant to 30-A M.R.S.A. §5772.

Certification I hereby certify that, to the best of my knowledge and belief, the foregoing Schedule of Long-Term Debt accurately reflects the long-term and short-term debt obligations of the Town of Machias as of June 30, 2026, presented in accordance with Generally Accepted Accounting Principles as applicable to governmental entities (GASB Statements No. 34 and No. 38).
Nicholas MacDonald
Finance Director & Assistant HR Director
May 21, 2026
Town of Machias  ·  Finance Department  ·  FY2026 Annual Report