(1) A monthly closing schedule is established consisting of 12 comparable reporting periods.

(2) The clerk-treasurer or his/her designee shall produce and publish reports to the council and the department heads of each town department that show the expenditures and receipts incurred during the preceding reporting period and the like information for the whole of the current fiscal year together with the unexpended balance of each budget appropriation. Said reports will be available to the council members prior to their next regularly scheduled council meeting.

(3) The clerk-treasurer or his/her designee shall produce and publish quarterly revenue forecasts for the council’s finance committee that show anticipated revenues for each source for the current fiscal year. (Ord. 541 §§ 1 – 3, 2011)