Finance Department

Financial Documents

Annual Financial Reports

The Finance Department annually prepares financial reports summarizing the Town’s financial activities for the fiscal year. Maine law requires that the basic financial statements, as defined by generally accepted accounting principles, be audited and that an independent auditor issues a report on them.  In addition, the Town of Brunswick’s independent auditor prepares reports on internal control over financial reporting in accordance with Government Auditing Standards, and on compliance for each major federal program as required by the Federal Office of Management and Budget Circular A-133.

Comprehensive Annual Financial Reports (CAFR)

The CAFR goes beyond the basic financial statements and encompasses all funds, account groups, and any component units of the Town of Brunswick. The CAFR is comprised of three sections – introductory, financial, and statistical:

  • The introductory section, which is unaudited, includes a letter of transmittal, an organizational chart and a list of the Town’s principal elected and appointed officials.
  • The financial section, the core of the CAFR, includes the basic financial statements as well as the independent auditor’s report on them. It also include managment’s discussion and analysis (MD&A) and other required supplementary information (RSI).
  • The statistical section, which is unaudited, includes selected financial and demographic information, generally presented on a multi-year basis.

Recent Brunswick CAFRs

CAFR – June 30, 2016

CAFR – June 30, 2015
CAFR – June 30, 2014
CAFR – June 30, 2013
CAFR – June 30, 2012

The CAFRs listed above are presented for archival purposes only. They reflect information at the time they were prepared and only for the period indicated. Readers are cautioned that the financial condition of the Town will have changed, perhaps materially, from that presented in these reports. Those seeking more recent, or additional, financial information should call the Finance Department at 207-725-6652.

Reports Required by Government Auditing Standards and Uniform Guidance(Reports)

The Reports consist of two separate reports prepared by the Town of Brunswick’s independent auditors:

  • Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards.
  • Independent Auditor’s Report on Compliance for Each Major Program and on Internal Control over Compliance required by the Uniform Guidance (formerly called Budget Circular A-133).

Recent Reports

Brunswick Uniform Guidance Report June 30, 2016

Brunswick A-133 June 30, 2015
Brunswick A-133 June 30, 2014
Brunswick A-133 June 30, 2013
Brunswick A-133 June 30, 2012