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Columbus Consolidated Government Council Meeting Agenda Item TO:Mayor and CouncilorsAGENDA SUBJECT:FY 24 Local Government & Improvement Grant (LMIG)AGENDA SUMMARY:Approval is requested to submit an
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FY 24 local government refers to the fiscal year 2024 budget and financial reporting obligations that local governments must adhere to.
Local government entities such as municipalities, counties, and special districts are required to file their financial reports for FY 24.
To fill out the FY 24 local government report, entities must gather all relevant financial data, follow the prescribed format, and ensure compliance with state and federal reporting guidelines.
The purpose of FY 24 local government reporting is to ensure transparency, accountability, and effective management of public funds by providing a clear picture of the financial health of local governments.
The information that must be reported includes revenues, expenditures, assets, liabilities, and any other financial activities that have occurred during the fiscal year 2024.
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