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 by the Mayor and City Council as part of the budget process. 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.
For more information please contact the Department of Finance and Administration