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What should a municipality do if a claim for payment is received for a service that was provided in the prior fiscal year?
Q What should a municipality do if a claim for payment is received for a service that was provided in the prior fiscal year?
A Section 21-35-23 requires obligations that cannot be paid within 30 days after the end of the fiscal year to be included in the next fiscal year's budget. If unanticipated, a budget revision (Sec. 21-35-25) may be made in the next year's budget. Since the obligation was not paid in the prior year, this year's beginning balance should be larger and may be revised.
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