Audits & Budgets

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Information on audits & budgets including audit & budget documents can be found below. Further questions can be directed towards Town Hall.

The Town of Somerset sets an annual budget that serves as the financial plan of the Town for its fiscal year. The budget contains estimates of anticipated revenues & proposed expenditures (including an allowance for contingencies). It provides funds for major construction projects, exclusive of routine maintenance & repair through its capital account. The budget provides that the total expenditures do not exceed total revenues, borrowings, & reserves, including balances from prior years. In addition, the Town creates five year budget plans. The Town's financial books & accounts are audited annually by a certified public account & reviewed by the Audit Committee. A report of this audit is given to the Mayor & Town Council.

Audit & budget documents can be found below. Further questions can be directed towards Town Hall.
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Categories always sorted by seq (sub-categories sorted within each category)
Documents sorted by SEQ in Ascending Order within category

Audits & Budgets (2020s)9 documents

  • Fiscal Year 2020 Budget (Proposed)
    document seq 1.00
  • Fiscal Year 2020 - Five Year Plan
    document seq 2.00
  • Fiscal Year 2021 Budget (Introduced)
    document seq 3.00
  • Fiscal Year 2021 - 5 Year Fiscal Plan
    document seq 4.00
  • Fiscal Year 2022 Budget (Approved)
    document seq 5.00
  • Fiscal Year 2023 Budget (Introduced)
    document seq 6.00
  • Fiscal Year 2023 - Five Year Plan
    document seq 7.00
  • Fiscal Year 2024 Budget (Proposed)
    document seq 8.00
  • Fiscal Year 2024 - Five Year Plan (Proposed).pdf
    document seq 9.00

Audits & Budgets (2010s)18 documents

  • Fiscal Year 2010 Budget
    document seq 1.00
  • Fiscal Year 2011 Budget
    document seq 2.00
  • Fiscal Year 2012 Budget
    document seq 3.00
  • Fiscal Year 2013 Budget
    document seq 4.00
  • Fiscal Year 2013 - 5 Year Plan
    document seq 5.00
  • Fiscal Year 2014 Budget
    document seq 6.00
  • Fiscal Year 2014 - 5 Year Plan
    document seq 7.00
  • Fiscal Year 2015 Budget
    document seq 8.00
  • Fiscal Year 2015 - 5 Year Plan
    document seq 9.00
  • Fiscal Year 2016 Budget (Introduced)
    document seq 10.00
  • Fiscal Year 2016 Budget (Approved)
    document seq 11.00
  • Fiscal Year 2016 - 5 Year Plan
    document seq 12.00
  • Fiscal Year 2017 Budget (Proposed)
    document seq 13.00
  • Fiscal Year 2017 - 5 Year Plan
    document seq 14.00
  • Fiscal Year 2018 Budget (Proposed)
    document seq 15.00
  • Fiscal Year 2018 - Five Year Plan
    document seq 16.00
  • Fiscal Year 2019 Budget (Proposed)
    document seq 17.00
  • Fiscal Year 2019 - Five Year Plan
    document seq 18.00

Audits & Budgets (2000s)1 document

  • Fiscal Year 2009 Budget
    document seq 1.00