The ACFR reports the City’s financial health as of the close of the fiscal year on June 30 of each year. The information in the ACFR is compiled by the Finance department and independently audited in order to ensure accuracy and transparency. The ACFR contains three sections:
- Introductory section, containing letters from both the City Manager and the Independent Auditor discussing the state of the City’s financial health;
- Financial section, containing reports on various aspects of the City’s financial health; and
- Statistical section, which provides historical information to put the preceding information into context.
Following the independent audit by an outside organization, the ACFR must be approved by the City Council.
The City’s fiscal year is the twelve month period from July 1 – June 30. Current and previous ACFR Reports are available below: