Comprehensive Annual Financial Report

Annual Local governments are required to annually produce and distribute a Comprehensive Annual Financial Report (Annual Report) to conform with generally accepted accounting standards established by the Government Accounting Standards Board. The Annual Report is a thorough and detailed presentation of the City’s financial condition, with financial activity for a fiscal year and its end of the year financial position.

Sections of the Report

The Annual Report contains three sections:

  • Introductory section: Includes transmittal letter
  • Financial section: Includes:
    • Combining financial statements
    • Fund financial statements
    • Government-wide financial statements
    • Independent auditor’s report
    • Management’s discussion and analysis
    • Notes to financial statements
    • Required supplementary information
    • Schedules
  •  Statistical section: Includes additional financial, economic, and demographic information

The data reported in the Annual Report encompasses all of the City’s programs and departments. A firm of licensed, certified public accountants audits the Annual Report’s financial statements.

Current & Prior Year Reports

Take a look at our reports in the Archive Center.