FAQs • Lampasas, TX • CivicEngage

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Does the City fall under the same GASB rules as other organizations do?: Yes, Municipal Governments are required to follow strict accounting rules and regulations to ensure the best utilization of the City's funds and resources.

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Departments-Finance

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1. What is the city's fiscal year?: The city's operations begin on October 1 and continue until September 30 of the next year.

2. Does the City fall under the same GASB rules as other organizations do?: Yes, Municipal Governments are required to follow strict accounting rules and regulations to ensure the best utilization of the City's funds and resources.

3. Are the City's financial statements audited by independent auditing firms?: Yes, the City of Lampasas is audited annually with a report given to the City Council each year by the auditing firm along with copies of the audited financial statements for each department.