The Comprehensive Annual Financial Report or “CAFR”, commonly referred to as Financial Statements and Independent Auditor's Report is prepared annually following an Independent Audit of the basic financial statements of governmental activities, the business-type activities, each major fund and the aggregate remaining fund information for the Village of Sherman is generated at the end of each fiscal year.
The Fiscal Year for the Village of Sherman begins on May 1st and continues through April 30th. The Village therefore, operates on a budget cycle from May 1st through April 30th.
Unlike previous fiscal years in which the Village followed the Modified-Cash basis of Accounting, during Fiscal Year 2010, the Village adopted the Modified Accrual basis of accounting as an internal control to recognize revenues when they become available and measurable and to further recognize expenditures when the liabilities are actually incurred.
Fiscal Year 2023 Comprehensive Annual Financial Report/AuditFiscal Year 2023 Auditor's Management Letter
Fiscal Year 2022 Comprehensive Annual Financial Report/AuditFiscal Year 2022 Auditor's Management Letter
Fiscal Year 2021 Comprehensive Annual Financial Report/AuditFiscal Year 2021 Auditor's Management Letter
Fiscal Year 2020 Comprehensive Annual Financial Report/AuditFiscal Year 2020 Auditor's Management Letter
Fiscal Year 2019 Comprehensive Annual Financial Report/AuditFiscal Year 2019 Auditor's Management Letter
Fiscal Year 2018 Comprehensive Annual Financial Report/AuditFiscal Year 2018 Auditor's Management Letter
Fiscal Year 2017 Comprehensive Annual Financial Report/AuditFiscal Year 2017 Auditor's Management Letter
Fiscal Year 2016 Comprehensive Annual Financial Report/AuditFiscal Year 2016 Auditor's Management Letter
Fiscal Year 2015 Comprehensive Annual Financial Report/AuditFiscal Year 2014 Comprehensive Annual Financial Report/AuditFiscal Year 2013 Comprehensive Annual Financial Report/AuditFiscal Year 2012 Comprehensive Annual Financial Report/AuditFiscal Year 2011 Comprehensive Annual Financial Report/AuditFiscal Year 2010 Comprehensive Annual Financial Report/AuditFiscal Year 2009 Comprehensive Annual Financial Report/AuditFiscal Year 2008 Comprehensive Annual Financial Report/Audit