Town of Wayland 2/14/12: Enhanced Financial Reports Posted on Finance Pages. In keeping with the commitment of the Board of Selectmen and the Finance Committee, enhanced financial reports have been posted on the Town website. By visiting the Finance Department page and clicking on the link for interim financial reports, you can review detailed revenue and ezxpenditure reports for FY2012 as of December 31, 2012. These reports will be updated quarterly. In addition, posted here are semi-annual reports on the status of all capital projects and every special revenue and revolving fund. These reports will be updated December 31 and June 30 each year.

Within the next 10 days, the Board of Selectmen will be posting versions of the enhanced financial reports and supplemental graphics to illustrate monthly changes in key revenue lines and department expenditures. A narrative will accompany the reports to explain variances between budgeted and actual experience and to help readers better understand the date being presented. Watch this space for details on these reports and how to access each on the website. In addition, the Finance Committee has posted budget comparison documents that were used in evaluating the proposed FY2013 budget at the department and expenditure level, as well as the detailed sources of revenue. These reports can be accessed by visiting the Finance Committee page, and clicking the budget documents link for FY2013 budget reports. This same link can be used to access the proposed FY2013 operating and capital budgets that will be presented by the Finance Committee on Monday, February 13, 2012 at 7:00 p.m. in the Large Hearing Room in Town Building.

Together, these reports provide historical trends, year-to-date spending and revenue collection data, and some narrative explanation for variances between budget and actual for the current year.