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.