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BROOKHAVEN BOROUGH ANNUAL AUDIT AND FINANCIAL REPORT DECEMBER 31, 2017DCEDCLGS30(09/20172017 MUNICIPAL ANNUAL AUDIT AND FINANCIAL REPORTCity of: ___ Boroughof.Departmentof Community& Economic Devefopment
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Gather all necessary financial documents and reports from the previous fiscal year.
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Other stakeholders such as creditors, grantors, or regulatory bodies that require transparency and accountability in municipal finances.
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Municipal annual financial reports are comprehensive documents that summarize the financial performance and position of a municipality over a fiscal year, including revenues, expenditures, and fund balances.
All municipalities, including cities, towns, and counties, are generally required to file municipal annual financial reports, typically governed by state or local regulations.
Municipal annual financial reports are typically filled out using standardized forms that require municipalities to input financial data such as revenues, expenditures, and assets, following established accounting principles.
The purpose of municipal annual financial reports is to provide transparency and accountability regarding the financial activities of a municipality, ensuring that stakeholders are informed about the use of public funds.
Municipal annual financial reports must typically include information on revenues, expenditures, assets, liabilities, fund balances, and any notes regarding financial policies or conditions.
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