Budget and Financial Statements

What Are the Budget and Financial Statements?

The budget is the city’s financial management plan. Committees submit their proposals for the budget in September, after which the Mayor presents the draft budget. The City Board reviews the draft in November. The City Council approves the budget and the financial plan for three or more years by the end of the year.

The budget sets the city’s operational and financial objectives and allocates appropriations and revenue estimates to departments for providing basic services to residents.

The financial statements must be prepared for each fiscal year by the end of March. The municipality’s fiscal year is the calendar year. The financial statements include the balance sheet, income statement, cash flow statement and their notes, as well as a comparison of budget implementation and an annual report. The City Council reviews the financial statements in June.

The Previous Years’ Budgets and Financial Statements

Budgets, financial plans, and financial statements from previous years can be found below, arranged by year. Requests for information related to budgets or financial statements should be submitted by email to the City Registry Office (kirjaamo@rauma.fi).