JEFFERSON CITY, Mo - Missouri State Auditor Nicole Galloway has released her office's monthly report on local government compliance with financial reporting laws. Cities, towns and villages in Missouri are required to file annual financial reports with the State Auditor within six months of the end of their fiscal year. The reports must include basic financial information, such as starting and ending account balances, the amount of money received and spent over the year, and property tax rates charged to citizens.
The report shows that two cities in New Madrid County that the City of Portageville had not filed a Annual Financial Report, but it has filed for municipal court certification. The City of Risco filed their Annual Financial Report, but were late. It was failed after October 20126, but before January 2017.
Out of more than 900 municipalities in Missouri, none have fiscal years that end in July, which means no financial reports were due six months later, in January. This is the only month with no reports due from cities, towns or villages; however 27 municipalities filed financial reports that were past due from previous months. These are listed, by county, in the report appendices.
Financial reports are searchable online. Today's full report is available online here.
Section 479.359.1, RSMo, requires every county, city, town, and village to annually calculate the percentage of its annual general operating revenue received from fines, bond forfeitures, and court costs for minor traffic violations.
Section 479.359.3, RSMo, provides that all municipalities file an addendum to the annual financial report containing (1) annual general operating revenue; (2) total revenues from fines, bond forfeitures, and court costs for minor traffic violations; and (3) the percent of annual general operating revenues from fines, bond forfeitures, and court costs for minor traffic violations.
No counties, cities, towns, or villages had a fiscal year end of July 31, 2016; therefore, no financial reports, addendums, or certifications were due by January 31, 2017. This report includes the filing status for 60 cities and three villages that filed at least one of the items (financial report, addendum, or
certification) in January 2017, after their filing deadline. Of these entities, 27 filed an annual financial report, 19 filed an addendum, and 33 filed a municipal court certification.