Fiscal years run from July 1 - June 30 of the following year for local governments in Virginia - the same is true for Damascus. Town Council and staff typically begin the budgeting process in February before July 1 of the same year that the budget takes affect - work sessions are generally held every other week during these months and are posted each year.
Fiscal Year 2021 (July 01, 2020 - June 30, 2021)
Fiscal Year 2020 (July 01, 2019 - June 30, 2020)
Audited Financial Statements
The Town's financial statements are compiled and audited each for each fiscal year, and the auditors generally present the final audited statements to the Town Council at the beginning of the following calendar year (EX: FY21 statements presented February 2022).
Fiscal Year 2019
Fiscal Year 2018
Fiscal Year 2017