Audited Financials

Home  Departments  Finance  Audited Financials

Clean Audit for the TIF District issued by the Vermont State Auditor's Office - May 24, 2023

The Vermont State Auditor's Office has issued their statutorily required 10-year audit of the South Burlington City Center Tax Increment Financing District.  The findings were that the City has managed the project financials appropriately.  Read the audit findings and the City's agreement and acceptance of the findings here.  The Auditor, furthermore, stated "The City’s compliance with TIF district requirements is due to processes implemented by the City including close communication and cooperation between program management and finance management teams, consistent project oversight practices, and procedures that ensure completeness of property records and accuracy of the tax increment calculation".


Audited Financials - Each year the City is audited and a report is generated by the City Auditor.