The City of Medford Wisconsin fiscal year is January 1st through December 31st. Every spring after year end close, the below reports are audited by external auditors. The purpose of these reports is to provide the reader detailed information concerning the financial condition and outlook for the City. The report is prepared in the spring and accepted by the Common Council. Below are the audited financial reports.
Department Heads meet in early spring to start developing the future year’s budget. When finished the Department Heads turn in budgets to the Finance Department. Early fall the budgets are reviewed by open public forum in Council. After Council approval the budgets are adopted. There is a public hearing at this time as well. Listed below are the General Fund Budgets.