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The University of MaineDigitalCommons Maine Town Documents Maine Government Documents19991998 Annual Report Palmyra Maine Palmyra (Me.) Follow this and additional works at: https://digitalcommons.library.umaine.edu/towndocs
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What is municipal year?
Municipal year is the 12-month accounting period used by local government entities for reporting financial information.
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Local government entities such as cities, towns, counties, and school districts are required to file municipal year.
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Municipal year is usually filled out using financial statements, budget reports, and other relevant documents.
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The purpose of municipal year is to track and report on the financial activities of local government entities.
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Information such as revenues, expenditures, assets, liabilities, and fund balances must be reported on municipal year.
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