Comprehensive Financial Report Available for Review
Sunday, Feb. 25, 2018
The Town of Hillsborough’s latest comprehensive financial report is available for review and shows the town is in good financial standing.
The Comprehensive Annual Financial Report is a complete set of the town’s financial statements for the previous fiscal year, which ended June 30. It includes the findings of independent auditors, which were presented to the Hillsborough Board of Commissioners on Feb. 12.
“Accountability and transparency are extremely important, especially in local government,” Finance Director Daphna Schwartz said. “This report is a testament to the dedicated financial services staff who worked hard to ensure adherence to best practices in accounting and financial reporting.”
A companion report, the Citizens Annual Financial Report, is expected to be presented to the Hillsborough Board of Commissioners in March. That report summarizes the information available in the comprehensive report. Both annual reports will be available on the Financial Services Department page of the town’s website.