Financial Report Center

Audits

An examination of a community's financial systems, procedures, and data by a certified public accountant (independent auditor) resulting in a report on the fairness of financial statements and local compliance with statutes and regulations. The audit serves as a valuable management tool for evaluating a community’s fiscal performance.

Budget

The plan of proposed expenditures for personnel, supplies, and other expenses for the coming fiscal year.
DebtList of Projects, Bond Anticipation Notes (BANs), and Debt Statement
Financial PoliciesPolicies related to the regulation, supervision, and oversight of the financial and payment systems

Financial Reports

A Financial History, Current Year Monthly Revenues and Expenses, Annual Reports, Budget Reports, Schedule A, Free Cash, and Enterprise Retained Earnings 
OPEBBenefits earned by public employees over their years of service that are received after their government employment ends. While pensions are the most common, other postemployment benefits generally include health, dental, and life insurances. As a group, these are referred to as OPEB.
CPA

The Community Preservation Act (CPA) is a smart growth tool that helps communities preserve open space and historic sites, create affordable housing, and develop outdoor recreational facilities.

Special Funds & Other RevenuesFunds, established by statute only, containing revenues that are earmarked for and restricted to expenditures for specific purposes.
Includes: Meals Tax, Cannibis, Community Impact Fee, Environmental Fund, and Transportation Network Fee 
Stabilization FundsA fund designed to accumulate amounts for capital and other future spending purposes, although it may be appropriated for any lawful purpose. Communities may establish one or more stabilization funds for different purposes and may appropriate any amounts into them.
Glossary of TermsProvided by the Massachusetts Department of Revenue