- Frequently Asked Questions
- Financial Procedure
Financial Procedure FAQ 1
Is a city or village mandated by law to have a yearly audit performed by a certified public accountant?
Financial Procedure FAQ 2
Is a majority vote of a quorum of the municipal governing body sufficient to adopt the annual municipal budget?
Financial Procedure FAQ 3
When must a municipal budget be amended and what is the procedure for doing so?
Financial Procedure FAQ 4
Can a volunteer municipal fire department maintain funds donated to the department, or raised for the department's benefit by the department's fundraising efforts, in a separate account in the fire department's name and exercise exclusive control over the funds?
Financial Procedure FAQ 5
Is there a deadline for adopting a municipal budget?
Financial Procedure FAQ 6
What is “debt” within the meaning of Article XI, §§ 3(2) and 3(3) of the Wisconsin Constitution, which limits municipal borrowing and other debt?
Financial Procedure FAQ 7
Can a municipality lawfully accumulate surplus tax revenue?
Financial Procedure FAQ 8
What are impact fees and what can they be used for?
FINANCIAL PROCEDURE FAQ 9
Are expenditures related to emergencies addressed by the Expenditure Restraint and Levy Limit law?