Berryville is a home-rule municipality and creates a formal budget on an annual basis. The budget projects the financial operating plan for expected revenues and allocates resources to particular expenditures. Resources from many sources are allocated for services and programs. The budget is typically adopted in October for the following fiscal calendar year.
All Arkansas Municipalities are governed by Arkansas Law regarding annual audits and other regulations. See the Municipal Accounting Handbook from the Arkansas Municipal League for further information.