The Borough Budget is one of the most important documents created each year. Without the budget, business cannot effectively transpire in the Borough. This document allocates funding between departments, authorizes expenses, and communicates priorities to residents.
The fiscal year of every borough in the commonwealth, including Myerstown Borough, coincides with the calendar year, beginning January 1 and December 31.
Each fiscal year the Borough Manager presents a proposed budget to Council for the upcoming fiscal year. The budget is a forecast of how much revenue the Borough anticipates it will collect and how many expenses it plans on incurring based on an analysis of trends. The budget is not accounting of money. The document that is an account or record of past transactions is called the Audited Financial Statement. This document is completed annually and published each spring in an Annual Financial Report.
The Borough's Annual Financial Reports can be found here.Each fiscal year the Borough Manager presents a budget message to Council along with the proposed budget for the upcoming fiscal year.