Finance FAQ’s

Frequently Asked Questions

The City’s budget is prepared on a fiscal year basis (for the period beginning July 1 and ending June 30 of the following year). Planning and preparation of the next year’s budget begins in January.  It is usually completed in April and ready for the Board’s approval.

The City of Munford is audited annually by an independent certified public accounting firm as required by state law. The Division of Local Government Audit monitors our audits by approving the Contract to Audit and reviewing the completed audit reports.

The City’s fiscal year begins on July 1 and ends June 30.

Responsibilities include financial planning and reporting, taxation, utility billing and receipts, payroll, retirement, insurance, debt management, risk management, purchasing, fixed assets and record retention.

The Finance Department manages the city’s financial affairs.  All receipts and disbursements are administered through this department.

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