City has been working hard to make our budget transparent to our residents. Here are a few steps it has taken towards that goal:
After the City publishes its draft budget on its website, the City Council holds two long worksessions to go over the parts of budget allocated to different departments. These work sessions are broadcast live and are also recorded for residents to watch at a later time.
Additionally, the City holds public hearing for residents to make comments on the budget.
City Council members also often hold town hall meetings with their constituents to discuss the budget. This year we will be holding our meeting on this Thursday at 7:30pm at Davis Hall.
Internal audits on City’s financial situation are performed periodically, as needed, to ensure fiscalcompliance and safeguarding of City assets. Maryland state law and the City’s Charterrequire that an annual audit be performed by independent certified public accountants inaccordance with generally accepted auditing standards. The auditing firm is selected byand directs its report to the City Council.
Because of the transparency and excellence in City’s budget presentation, The Government Finance Officers Association of the United States and Canada (GFOA) presented its Distinguished Budget Presentation Award to City for its annual budget for the fiscal year beginning July 1, 2011 and ending June 30, 2012 (fiscal year 2012).