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Terms Used In Vermont Statutes Title 24 Sec. 5110

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Municipalities: means a town, a city, or an incorporated village. See

§ 5110. Miscellaneous provisions

(a) The authority shall prepare an annual report of its activities, including a financial statement, and submit the report to the legislative bodies of the member municipalities.

(b) The fiscal year of the authority shall commence July 1 in each year. (Added 1975, No. 153 (Adj. Sess.), § 1, eff. March 10, 1976.)