Financial & Budget Information
Fiscal Year 2025 Budget Planning Meetings (YouTube Playlist)
In accordance with the Town by-laws; the Town Administrator must annually submit a budget to the Select Board. The annual operating and capital budgets are submitted as part of the Town Administrator's Annual Budget & Financial Plan. It is important to note that the financial and budgetary information presented in the Annual Budget & Financial Plan are projections and are subject to change prior to Town Meeting.
Town Budget Documents
The Regional School Assessments are the largest component of the budget in the Town. The budget is funded at Annual Town Meeting at the same time as other Town budgets. The School Budget is created by the regional school districts and includes specific school district information. As a result, the School Budget is available for review as a separate document.
Wachusett Regional School District
- Fiscal Year 2024 Budget (PDF)
- Fiscal Year 2023 Budget (PDF)
- Fiscal Year 2022 Budget (PDF)
- Fiscal Year 2021 Budget (PDF)
Bay Path Vocational Regional School District
The Town of Rutland annually contracts with a private auditing firm for the purposes of auditing the Town’s accounts, funds and preparing financial statements for all governmental activities. The audit is conducted in accordance with the applicable standards contained in the Government Auditing Standards, which is issued by the Comptroller General of the United States.
The Capital Improvement Program was established assist the Town in preparing a multi-year capital plan. The Capital Improvement Planning Committee prepares a report to Town Meeting that contains detailed financial information relating to Rutland's multi-year Capital Improvement Program. The Committee's reports can be found in the Annual Town Reports.
To assess the range of choices available to budget decision makers when determining how to allocate resources, a multi-year financial forecast establishes projections of revenues and expenditures as part of the annual budget process. By presenting the future implications of current budget scenarios, forecasting helps Town officials and the general public to make strategic plans for lasting fiscal sustainability and future investment. By policy, the multi-year financial forecast is prepared by the Administrative Finance Team (Town Administrator, Treasurer/Collector, Town Accountant, and Principal Assessor) and presented to the Select Board and Finance Committee at the beginning of the budget process.
The quarterly financial reports provide a comprehensive review of the Town's primary operating funds, with graphical and financial presentation of the Town's major revenue sources with comparisons to prior year actual results and current year budget projections. The Town will strive to continue to make improvements in its financial reporting scheme so that information is available to the Select Board, Finance Committee, departments and public is the best available for sound financial decisions.