Annual financial statements due April 1

This post was updated in March 2025 and includes current forms in compliance with A.C.A. § 14-59-116 and A.C.A. § 14-237-113.

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In accordance with A.C.A. § 14-59-116, the governing body of each municipality shall publish annually a financial statement of the municipality by April 1 covering the previous calendar year (January through December). The financial statement shall include the receipts and expenditures for the year, along with a “statement of the indebtedness and financial condition of the municipality.” The statement must be published in a newspaper published in the municipality. In municipalities with no local newspaper, the financial statement “shall be posted in two (2) of the most public places in the municipality.”

A.C.A. § 14-237-113 provides similar publication requirements for the operating authority of water and sewer departments. Water and sewer departments administered by one or two commissions must comply with the law. If the water and sewer departments are administered by the city council, then it is the responsibility of the council to comply with the statute.

The League has prepared suggested forms to comply with A.C.A. §§ 14-59-116 and 14-237-113. They are available to download at the links below and on the League’s Publication page at armuni.org/publications. For additional information, please call the League at 501-374-3484.

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