Uniform Financial Information Reports (UFIRs)
Every city must submit a statement of their financial activities for the previous fiscal year to the Department for Local Government (DLG) by way of a uniform financial information report (UFIR). UFIRs must be submitted by May 1 of each year. Failure to submit a completed UFIR jeopardizes municipal road aid and grant funding.
UFIRs can be prepared by a CPA or by a municipal officer or employee. Each report provides information on a city's revenue sources and amounts, expenditure types and amounts, pension costs, debts, and cash and investment balances. While UFIRs do not offer any information on what a city has budgeted, they do provide a snapshot for how cities are spending and raising their money on the whole.