The Annual Audit is the official statement of the Town's financial position on June 30, the close of the Town's fiscal year. The report follows the suggested format of the Government Accounting Standards Board and as promoted by the Government Finance Officers Association.
The Annual Audit has 3 parts: an Introductory Section - providing a brief description of the report and background information; a Financial Section - including the Independent Auditor's Report, management analysis, basic financial statements, and supporting schedules and statements; and a Statistical Section - providing comparative data, graphs, and other information regarding assets, funds, revenues, debt, operations, and socio-economics.
The Town is also required to undergo annual single audits of its compliance with state and federal laws and regulations regarding funds received from state and federal sources.
Contact the Finance Department regarding reports for previous years not available.