Normally every two years, the City Council would approve a Bi-Annual Budget that would serve as a work plan as well as a financial plan. Due to the current economic climate and continued downturn, the City Council has requested only an Annual Budget presentation.
Management of the City is responsible for establishing and maintaining an internal control structure designed to ensure the assets of the City are protected from loss, theft, or misuse and to ensure that adequate accounting data is compiled to allow for the preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP).