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(Draft No. 4.1 S.55) 5/2/2024 TED 04:55 PM1 2Page 1 of 16TO THE HOUSE OF REPRESENTATIVES: The Committee on Government Operations and Military Affairs to which3was referred Senate Bill No. 55 entitled
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Municipal capacity revenue refers to the funds generated by a municipality to finance its operations, projects, and services, reflecting the financial capabilities of local governments.
Municipal entities, such as local governments and municipalities, are required to file municipal capacity revenue to report their financial capabilities and revenue sources.
To fill out municipal capacity revenue, one must provide detailed information on revenue sources, financial statements, budgeting processes, and any relevant financial data as prescribed by municipal regulations.
The purpose of municipal capacity revenue is to provide transparency regarding a municipality's financial health and capacity to fund services and projects, thereby enabling better financial planning and management.
Information reported includes total revenues, revenue sources, budgetary allocations, expenditures, financial assets, and details on any financial liabilities.
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