The City of Gaithersburg operates on a fiscal year that begins on July 1 and ends on June 30. The annual budget is comprised of an operating budget, a five-year Capital Improvement Plan, and transfers to an Other Post Employment Benefits Trust Fund.
The Strategic Plan, which serves as an overall plan to achieve the City’s vision, is updated periodically throughout the year and reviewed annually at the Mayor and City Council Annual Planning Retreat. It serves as a guide to the City Manager in developing the proposed operating and capital budgets and helps City departments create work plans. The Plan also helps residents understand the City’s goals and how they will be addressed.
The City is required to have an annual audit performed by an independent Certified Public Accountant. It is performed in accordance with generally accepted auditing standards, which require that the audit be planned and performed to obtain reasonable assurance about whether the financial statements are free of material misstatements.
|FY17 Budget Timeline
|Budget Public Forum
||Feb. 8, 2016, 7:30 p.m.
|Mayor & City Council Planning Retreat
||Feb. 29, 2016, 6:30 p.m.
|Budget Introduction Special Session
||March 21, 2016
|Proposed Budget Available for Public Review
||April 6, 2016
|Budget Public Hearing
||April 18, 2016, 7:30 p.m.
|Budget Work Sessions
||April 25, 2016, 7:30 p.m.
April 26, 2016, 7:30 p.m. (if needed)
|Public Record Closes
||May 11, 2016, 5 p.m.
||June 6, 2016, 7:30 p.m.
|Adopted Budget Becomes Effective
|| July 1, 2016
|Adopted Budget Available for Public Review
||July 1, 2016