|Finance is responsible for the accounting and auditing functions within the City. The department includes the City Treasurer, Utility Billing, Accounts Payable, Budget, and Reporting and is responsible for a number of financial functions including maintenance of the general ledger, preparation of monthly financial statements, and customer service.|
|The City Treasurer is responsible for all funds received within the City including collection, deposit, investment and disbursement. Payments for utilities and all other City services are handled in the Finance Department.|
State statute requires a budget for all general, enterprise, special revenue, debt service and capital projects funds within a city. The budget is subject to a public hearing prior to adoption and prior to any increases. Budgets for enterprise funds may be increased without a public hearing.
For cities, budgets without a propsed tax increase shall be adopted by June 22nd. A copy of the adopted budget must be submitted to the State of Utah within 30 days of adoptions.
Below are links to Roy City’s annual adopted budgets as submitted to the State of Utah:
Roy City is required to prepare a more detailed document that describes the economic factors, timeline, and other criteria used in developing the budget. A public hearing on the next fiscal budget is set for June 4, 2013 at 6:00 p.m. in the City Council Chambers.
|Annual Audit Roy City is required to undergo an annual audit of its financial statements. The results of the audit are documented in the Comprehensive Annual Financial Report. The report must be submitted to the State Auditor’s Office within six months of the end of the City’s fiscal year.
Below are links to the most recent CAFR‘s for Roy City: