Opinion No.

The Honorable Janice A. Judy State Representative 202 West Maple Street Fayetteville, AR 72701-4132

Dear Representative Judy:

You have presented the following questions for my opinion:(1) Can municipalities that ordinarily adopt annual budgets that end on December 31 of each year change their budgets to end on January 31 of each year by adopting a new budget pursuant to A.C.A. § 14-58-202" on or before February 1" of each year?(2) Can municipalities adopt a fiscal year that begins February 1 and ends January 31 of each year?(3) Is there a conflict between A.C.A. § 14-58-201, which requires a…