Department of Finance & Management - Welcome!

The primary purpose of the Department of Finance & Management is to oversee efficient and effective operations related to the State of Vermont's finances. We serve our stakeholders in many ways including coordinating the Governor's budget recommendations, delivering reliable financial information, advocating for responsible use of taxpayer dollars, and supporting the State's accounting system. The Department of Finance & Management hopes that you will find this site helpful!

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FY 2017 Governor's Budget Recommendation

Today Governor Shumlin delivered his FY2017 Recommended Budget to the General Assembly.

 

FY2017 Budget documents can be found at this link Executive Budget Recommendations on the Department of Finance and Management's webpage.

Governor's FY 2016 Budget Adjustment Recommendations

On December 14, 2015 Commissioner Pallito delivered the FY2016 Recommended Budget Adjustment to the House Appropriations Committee

 

FY2016 budget adjustment documents are available on the Executive Budget Recomendations page.

 

Fiscal Year 2015 CAFR Available

On December 29, 2015, KPMG LLP issued an unmodified opinion on the Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2015.
 
The CAFR has received an unmodified opinion in each of the last thirteen years. The complete CAFR including The Independent Auditors' Report and Basic Financial Statements are found on the CAFR Publications page.

Fiscal Year 2014 CAFR Available

On December 18, 2014, KPMG LLP issued an unqualified opinion on the Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2014.
 
The CAFR has received an unqualified opinion in each of the last twelve years. The complete CAFR including The Independent Auditors' Report and Basic Financial Statements are found on the CAFR Publications page.

New Policy for Grant Issuance and Monitoring

New Bulletin 5: Policy for Grant Issuance and Monitoring becomes effective December, 26, 2014 This bulletin is in response to the U.S. Office of Management and Budget (“OMB”) issued 2 CFR Chapter I, Chapter II, Part 200-Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”) which becomes effective for States on December 26, 2014.