[Ord. No. 99-26, § 1, 9-15-1999; Ord. No. 00-05, § 1, 5-3-2000; Ord. No. 01-19, § 1, 6-20-2001]
It is the intent of this division to ensure that the annual detailed post audit of the financial records of the Town for the preceding year be completed according to §
1707 of the Cumberland Town Charter prior to the Town Council approving the Town budget for the following fiscal year.
[Ord. No. 99-26, § 1, 9-15-1999; Ord. No. 00-05, § 1, 5-3-2000; Ord. No. 01-19, § 1, 6-20-2001]
This division recognizes that the detailed post audit of the
financial records of the Town for the preceding year is integral in
the process of establishing a tax assessment levy and approving the
following fiscal year's Town budget and the Town Council shall not
approve the Town budget for the following fiscal year until the said
annual audit is complete.