FINANCIAL INFORMATION DOCUMENT LIBRARY

BUDGETS

North Carolina Law requires the Village to adopt a balanced budget each year.  The budget provides a financial plan for the upcoming year.  It also serves as a policy document, operations plan and communications device. The Village received the Government Finance Officer’s (GFOA) Distinguished Budget Presentation Award for its FY 2007-2008 Budget.

COMPREHENSIVE ANNUAL FINANCIAL REPORT

The Village is required by law to publish financial statements in conformity with generally accepted accounting principles (GAAP) which are audited by a firm of licensed certified public accountants.  The Village has chosen to prepare a Comprehensive Annual Financial Report (CAFR) for which it has received the GFOA’s Certificate of Achievement for Excellence in Financial Reporting since 1993.

CAPITAL IMPROVEMENT PLANS

The Capital Improvement Plan is a tool designed to aid policy makers in the acquisition and orderly replacement of capital assets.  The plan is updated annually to ensure that it is based on the most accurate information available.

QUARTERLY FINANCIAL STATEMENTS

The Financial Services staff prepares unaudited quarterly financial statement to communicate the current financial condition of the Village to the Village Council and management.