Municipal finance services at OPM

 

Finance services for towns

The Municipal Finance Services (MFS) team of the Office of Finance helps local governments manage their money and stay compliant with the guidelines. We make sure towns report their finances correctly and stay financially healthy. Our team also:

  • Creates simple steps for towns to file reports
  • Provides guidance on financial matters
  • Collects and shares municipal financial data
  • Helps auditors use the Electronic Audit Reporting System (EARS)
  • Works with tax and finance groups in Connecticut
  • Publishes important documents for audits

Our goal is to support local governments so they can serve their communities better.

Discover how we help municipalities  

Submit your audit reports with ease

Audit requirements

Check out the audit requirements for local governments and nonprofit agencies. We help you stay up to date with CT audit laws.
Review audit requirements 

Audit forms

Find the right MFS form or document to complete your audit report. These audit forms are for municipalities and nonprofit entities.
Open MFS forms and documents 

Audit extension requests

Do you need an extension to submit an audit report? Make sure to review the guidelines and fill out the form to request a new submission date.
Request an audit submission extension 

Know how the State Single Audit Act works

Review the following resources to ensure you understand the State Single Audit Act and the Supplement MFS publishes.


 

Single Audit Act (State) | Review of Audits program
Learn how OPM audits the financial support given by the State. OPM and MFS are responsible for helping organizations with State Single Audit matters.
 

Single Audit Compliance Supplement (State)
Get access to guidance for auditors and financial aid recipients. Always use the most recent supplement to comply with all the requirements.

Explore OPM’s fiscal audit tools and platforms

Find useful, public data in OPM systems. These audit reports are provided by our State's municipalities.


Learn more about the Fiscal Health Monitoring System (FHMS) 

This online portal lets all 169 CT municipalities file their financial data with OPM. The information helps you check each town’s financial health.

Upload your reports to the Electronic Audit Reporting System (EARS) 

EARS allows the general public and State agencies to view audit reports.

Search the Municipal Budget Database System (MBDS) 

The MBDS consists of the adopted budgets provided annually to OPM from CT municipalities.
 

Get access to CT’s municipal databases

Explore a curated list of municipal data and reports. These topic-specific databases can support a town’s decision-making. Use this documentation as guidance and examples.

Go to OPM’s municipal databases  

Discover how OPM helps towns with fiscal challenges

The following are two statutory provisions in the Office of Policy and Management. Check out how they help towns with financial issues.


 

Municipal Accountability Review Board (MARB)
Find information and reports on how the MARB supports towns in CT. Their work is to make sure towns stay on track and be responsible with public money.
 

Municipal Finance Advisory Commission (MFAC)
Learn how the MFAC helps towns navigate financial risk. The committee reviews audit laws and standards. They also give advice when needed.

Read all about Purchase of Service (POS) and Personal Service Agreements (PSA)

Find guidelines and resources to help you with POS and PSA contracts.


Procurement standards 

Check out the standards and documentation available for POS and PSA contracts. These standards are applicable to all State agencies.

Contractor evaluation 

Learn how to properly submit the evaluation of the POS or PSA contractor's performance. This report must be completed no later than 60 days after the project's completion.

Cost standards 

Review OPM’s statewide cost and accounting standards for the POS. This sets the rules for the costs of contracts, grants, and other agreements that use State money.
 

IT Capital Investment Program

This program works to update and improve our State's platforms and technology. The main focus is to make the services available more efficient and easier to use. The program includes all CT agencies when possible to create better systems for everyone.

Discover more about this program's goals  
 

State Analytical Reporting System (STARS)

STARS is a system that provides the State with advanced analytical and reporting capabilities. It makes it easier to manage CT’s human capital and financial data in CORE-CT. Some of the capabilities include: Interactive reports, trend analysis, multiple presentation formats, and detailed data views for its users.

Learn more about STARS