The Fiscal Year (“FY”) begins each year on July 1 and ends on June 30 of the following year (which is the year of the fiscal year, i.e., July 1, 2014 through June 30, 2015 is referred to as “FY 2015”).
Revenues and expenses from that fiscal year, but received within 60 days after June 30, may be included (for example, if an income tax check for June 2014 does not reach the Town until August 15, 2014 the funds may still be included in FY 2014). Therefore, the financial audit conducted by an outside accounting firm each year does not usually begin until after August 30.
The current budget for the Town of Upper Marlboro is available to the public at Town Hall. Please contact the Town Clerk, at (301) 627-6905 or firstname.lastname@example.org, for more information.