State Codes and Statutes
Statutes > Vermont > Title-24-appendix > Chapter-15 > 69
§ 3-69. Fiscal year, reports required
(a) The fiscal year of the city shall begin on the first day of July in one year and end on the thirtieth day of June in the next year. A full record of expenditures shall be kept; and a clear statement of the affairs of the city generally, including all receipts and disbursements of city moneys and the name and amount of compensation for services from the city of every person receiving such compensation by way of salary or otherwise to the amount of three hundred dollars or more per year, shall be published under the direction of the mayor as soon as may be and the city council may determine, but not later than five months after June 30, 1963, and annually thereafter within five months after the close of each fiscal year as the city council may by resolution prescribe, and any city official responsible in whole or in part for a failure to substantially comply with the provisions of this section shall be ineligible to hold office under the authority of this charter for the year next ensuing after such failure so to comply with the provisions of this section.
(b) It shall be the duty of those who were members of any board or commission during and just before the close of any fiscal year, though the term of one or more of them as a member of such board or commission may have expired at the close of such fiscal year, to prepare, sign and present to the chief administrative officer after the close of said fiscal year and in time for publication of the same in the city report for that year, in the name and on behalf of such board and commission, a full financial report including all revenues and expenses of all the matters and statistics of which a full record is required by this section to be kept by such board or commission during such fiscal year and to be published in the city report.
