Accounting Standards – CAFR Budget Analysis

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CAFR Budget Analysis
(Town of Manchester Connecticut)
Manchester, Connecticut USA, a thriving small city in the growing eastern section of the
Hartford region. The town is located in central Connecticut and is approximately 10 miles
east of the City of Hartford, the State Capital. The towns of East Hartford, South Windsor,
Vernon, Bolton and Glastonbury border the town. It is approximately 85 miles southwest
of Boston and 115 miles northeast of New York City. The town encompasses 27.2 square
miles and has a population of 57,079 people.
The town is independent full-service with political subdivision of the State of Connecticut
and is autonomous from any county or other political subdivision of the State of
Connecticut. It is incorporated in 1823 and in 1947 adopted a Council-Manager form of
government. The legislative function is performed by the nine members of Board of
directors, which is elected biennially. The board of directors formulates policies for the
administration of the town. The general manager is appointed by the board of directors to
serve as the Town Chief Executive Officer with appointive and removal authority over
department director and other employees of the town as well as responsible for the
implementation of the established policies.
The Board of directors adopts both an annual operating and a six-year capital budget in
accordance with the Chapter V of the Town Charter. Chapter V sets out the procedures and
practices used during consideration of both the capital and operating budgets. The
operating budget is legally enacted at the category level, but as a management tool
budgeting control is maintained at the object of expenditure level. The accounting system
is organized on a fund basis. Each fund is a distinct self

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